Los Angeles County wants to be a biotech powerhouse.

Last week it committed a $15 million matching fund loan to MarsBio, a venture fund that will invest in bioscience startups.

"It's a big signal to the community that L.A. values innovation here," said Llewellyn Cox, general partner at MarsBioVC. "This is a different way of doing economic development. It's much more cost effective, making surgical efforts to spur industry,"

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Industrial conglomerate Honeywell International snapped up the rights to produce, advertise and sell Long Beach-based Dimer's anti-viral UV-C light machine, the GermFalcon, in a licensing partnership agreement announced on Wednesday.

Created by Elliot Kreitenberg and his father, orthopedic surgeon Arthur Kreitnberg, in their garage seven years ago, the GermFalcon can sanitize a midsize airplane cabin full of germs in about 10 minutes and is being billed as an antidote in the age of COVID-19.

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On Thursday, May 7th, we featured three emerging healthcare startups founded in Southern California as part of our biweekly Virtual Pitch Showcase.

Dr. Mickey Pentecost, co-founder and ceo at Diadem Biotherapeutics, Jennifer Saxton, founder and CEO at Tot Squad and Brian Conyer, co-founder and CEO of GIBLIB presented a high level overview on their products and services to angel investor Spencer Rascoff and Jay Goss, general partner at Wavemaker Three-Sixty Health.

dot.LA Virtual Pitch Showcase: Healthcare Startups in Southern California www.youtube.com


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