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Okeanos Awarded Silicon Valley TiE50 2014 Top Startup Award.

The TiE50 awards program recognizes the 50 hottest tech start-ups.

May 17, 2014 – Union, KY.  Okeanos Technologies is excited to announce that it has been selected as a Silicon Valley TiE50 Top Startup Award Winner in the clean energy sector at the prestigious 2014 TiE50 Awards Program.

TiE50 is held annually at TiECON, one of the Nation’s premier annual entrepreneurial conferences.  “Silicon Valley’s TiECON is one of the world’s top annual entrepreneurial destinations and its TiE50 award is a gateway through which the most accomplished start-ups have passed over the past several years.  Being included with some of the brightest minds and most innovative start-ups in the world is quite an honor for us”, said Tony Frudakis, Okeanos Founder and CEO. With the award, Okeanos was added to the 2014 TiE50 Hot Start-up Watch List and was featured in an IND TV news interview early Saturday.

“In the six short years since inception, the TiE 50 program has become a global brand that attracts thousands of companies worldwide for this recognition,” said Venktesh Shukla, president of TiE, Silicon Valley. “It is unique in terms of rigor of selection and the broad scope of companies that it reviews for this award and is one of TiE Silicon Valley’s most successful programs. It is also worth mentioning that this is the only awards recognition in technology to be held by a large global non-profit organization. ”

“This year the TiE50 Awards Program screened more than 2800 companies from 27 countries. The finalist pool is represented by early through late stage companies. A star attraction of the conference is TiE50 Finalist presentations. Audiences are treated to great ideas and amazing technologies” said Ram K. Reddy, the program chair.  To determine the winner, a panel of experts selected over 350 of the companies and created a list of the “2014 TiE50 Top Startups.” This list was then reviewed further by a screening committee of deep domain experts. About 100 of the best of the breed companies were further selected to the elite TiE50 Finalist pool. Finally, this pool of TiE50 Finalists are judged by a panel of highly accomplished team made up of serial entrepreneurs, venture capitalists, angel investors, CEOs and well-rounded technology experts, to determine finalists and winners. Companies were evaluated on three parameters: Business Model, IP Value and Leadership team. At TiEcon 2014, 20 of the top startups from each of the five segments were chosen to pitch their ideas, and winners were announced on stage the evening of day 2 of the conference.

This year at the event, attendees and TiE50 participants had the chance to hear from three previous TiE50 winners who have made successful exits recently: FireEye, Pearl Therapeutics and Rubicon Project.

The TiE50 track record since its inception in May 2009 shows that 94% of the winners and finalists have been funded, attracting Billions in investments. Many of these companies have been acquired, merged or gone public.

For further details on the TiE50, visit www.tie50.org.

About Okeanos Technologies:

Okeanos was formed in 2012 to develop and commercialize a next-generation, ultra-efficient desalination technology.  Our solid-state WaterChipTMplatform harnesses and redirects the corrosive potential of seawater to separate salts from water with world-record efficiency. Our disruptive/transformative WaterChipTM platform is expected to enable a more distributive water distribution model and simultaneously address a number of profound environmental, economic and human health related problems.  For more information about us please visit our website at www.okeanostech.com.

 

About TiEcon:

TiEcon is the world’s largest conference for entrepreneurs and intrapreneurs with loyal participation from top technology companies, leading venture capital firms, and global service providers. TiEcon 2012 attracted 3,000+ attendees from across the world – including CEOs of established companies to first-time entrepreneurs creating new companies, to leading investment professionals and corporate executives. TiEcon was listed by Worth Magazine in their September 2011 issue to be among the 10 Best Conferences for Ideas and Entrepreneurship along with TED and the World Economic Forum. For more information on TiEcon, visit http://www.tiecon.org/.

 

About TiE:

TiE is a global not-for-profit organization fostering entrepreneurship through mentoring, education, and networking. We consider entrepreneurship to be the single most powerful instrument to advance global prosperity. Our greatest strength is our network of over 60 chapters in 17 countries with a worldwide membership exceeding 14,000 that includes successful entrepreneurs, venture capitalists, corporate executives, and aspiring entrepreneurs. For more information on TiE, visit www.tie.org.