香港六和开奖历史记录

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The Gulf South Angel investment group said it has provided $1.5 million in funding for five businesses since the start of the year, including support for a New Orleans company that is working on using silicon as a component of electric vehicle batteries.

While the exact size of the investment in Advano was not disclosed, Mike Eckert, GSA board chairman, said it was 鈥渨ell above鈥 the $300,000 average that would be shared among five companies.

Advano has developed technology that uses silicon in the anode, or negative pole of EV batteries. Right now, graphite is the primary material used in EV batteries, and China controls the market for the element.

Silicon is less expensive than graphite and functions better in batteries, allowing for a longer time between charges

U.S. automakers are seeking to launch the American battery manufacturing industry and the Biden administration is taking a tough stance against the Chinese EV market, so the timing for Advano 鈥渃an鈥檛 be better,鈥 Eckert said.

Advano was launched more than 10 years ago by Alexander Girau and Shiva Adireddy, a pair of Tulane University researchers. The company grew out of Tulane, moved through a couple of local business incubators and now operates a pilot manufacturing plant in New Orleans East.

J. Christopher York was recently hired as CEO of the company. Eckert praised York鈥檚 background in advanced materials and manufacturing EV batteries and components.

鈥淲e think this is great for New Orleans, great for Tulane and great for investors,鈥 he said.

The other companies to receive funding so far this year from GSA were X-Bow, a New Mexico business that makes rocket motors; TheraB Medical, a medical technology company that seeks to improve infant jaundice treatment; Oralucent, a California company that manufactures electric toothbrushes; and Booklecious, which matches children with books they want to read.

Last year, GSA invested $3.6 million in early stage companies. Eckert said the network is on pace to top that amount, which would keep the network among the top 10% of angel groups in North America in terms of the amount of capital invested and the number of businesses supported.

The network was founded about a decade ago and had been known as the NO/LA Angel Network. It was rebranded about two months ago to reflect the broader nature of the group. Eckert said when the organization was started in New Orleans, there was no real organized source of early stage capital for companies, he said.

Expanding the focus of the investor network will bring more startup and early growth capital into areas such as 香港六和开奖历史记录, Lafayette and Lake Charles, Eckert said.聽

GSA has picked up members across Louisiana and in Alabama and Mississippi. Later this summer, the group will make a push to attract investors from east Texas. Members pay $1,500 a year and agree to make a minimum of one $10,000 investment per year.

Email Timothy Boone at tboone@theadvocate.com.

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