Pacific Business Center Program gives boost to award-winning high-tech firmUniversity of Hawaiʻi at Mānoa
The project was headed by David Gillespie, Senior Business Development Manager, along with Business Development Specialist Renata Matcheva and Business Development Support Specialist Pearl Ueranant from PBCP. PBCP and Pipeline Micro worked closely throughout the completion of the business plan in preparation for a pitch to venture capitalists.
On January 12, 2009 Pipeline Micro announced that it had secured $7 million in funding based on the presentation of the business plan. The funding will be used to further expand engineering capability and market development. Investors include Kolohala Ventures of Hawaii, as well as other investors from the mainland, Singapore and Japan.
ABOUT PIPELINE MICROHawaii-based Pipeline Micro is the developer of the world‘s smallest and most efficient liquid cooling systems for consumer and home electronics products, including video graphics cards, computers, and various appliances. Liquid cooling systems developed by the company use a patented thermal system design that dramatically improves heat transfer, stabilizes temperature, and enables products to run faster, perform longer, and use less energy.
ABOUT THE PACIFIC BUSINESS CENTER PROGRAM (PBCP) The University of Hawaiʻi Pacific Business Center Program was established in 1979 to provide entrepreneurs, businesses, non-profits, and government agencies with economic and business development technical assistance by utilizing the resources of the University of Hawaiʻi. PBCP‘s mission is to help indigenous island economies help themselves by adapting the scientific and technical resources of the University of Hawaiʻi to support Pacific island economic, business and community development in a manner that is holistic, responsible and builds local island capacity. PBCP also operates the Honolulu Minority Business Enterprise Center (HMBEC), which is part of a network of Centers fostering the establishment and growth of minority-owned businesses in America.
Major funders of the PBCP include the U.S. Department of Commerce‘s Economic Development Administration and Minority Business Development Agency, the U.S. Department of the Interior‘s Office of Insular Affairs, the University of Hawaiʻi, the UH Shidler College of Business, and some of the governments of the American Affiliated Pacific Islands. The center serves Hawaiʻi and the American Affiliated Pacific Islands, including American Samoa, Guam, the Commonwealth of the Northern Mariana Islands, the Federated States of Micronesia, and the Republics of Palau and the Marshall Islands. (www.pbcphawaii.com)
For more information, visit: http://pbcphawaii.com