First Flight Venture Center Hosting Funding Panel

RESEARCH TRIANGLE PARK, N.C. -- Scale Finance and First Flight Venture Center are joining together for a timely, and useful discussion on no-dilutive funding for life science companies October 8, 2014. A distinguished panel of local successes will be gathered to give startups insight, and ideas, on how to start and grow life science endeavors with limited cash flow. “This is a very different discussion on funding,” indicates Gary Hayes, moderator for the event and co-founder of local success, Scale Finance. “Life science and medical device companies require more money, often have a longer time to market and have difficulty raising early stage capital. It is critical to look at all viable methods for getting to trials and licensing or commercialization, “ he continues. “For companies within the sciences the focus needs to be on gaining as much non-dilutive capital to create a proof of concept that will warrant future investment capital.” for a period of time allow companies to raise capital in the future and at better terms. The trick for life science and medical device companies is to identify early sources of alternative non-dilutive capital to move the business as far as you can before seeking the larger amounts of capital that will eventually be needed.

The forum panel includes the following well-known leaders:

Rich West, is currently co-founder and CEO of his fourth life sciences startup, which is focused on newborn screening []. In 2013 Rich and his team sold Advanced Liquid Logic to Illumina for $96M; the company was a Duke spinout that developed lab-on-a-chip technology and products for the research tools and diagnostic markets. Prior to Advanced Liquid Logic Rich was founder and CEO of TriVirix, a venture-funded medical equipment contract manufacturer that he and his team grew to over 500 employees, and founder and CEO of Adigy, a medical wireless company.

Peyton Anderson, CEO of Affinergy, a Duke spinout commercializing medical devices and is Chairman of Powered Research, a preclinical CRO. Previously, Peyton was founding CEO of SciQuest, Inc. which went from concept in 1995 through IPO in 1999 and raised over $175 million in capital. He is currently Chairman of NCBIO and also serves on the Board of Directors of the North Carolina Biotechnology Center. Peyton is also and EIR with Blackstone Entrepreneurs Network. He graduated from the University of Richmond and earned an MBA from UNC.

Sam Tetlow, CEO of EpiCypher is pioneering the science of epigenetics, the study of health and disease caused by factors other than DNA. Tetlow has successful experience as an investor and entrepreneur in such companies as ILS Genomics, Immunologix, Gentris Corporation, and Tranzyme Pharma, among others, and has generated 5.1x return on invested capital as a result of last 13 years of investing track record.

Dr. Eva Garland, VP of R&D for Agile Sciences, has broad experience in securing resources and leading scientific teams to develop innovative technologies that span the biological and physical sciences. At Agile Sciences in Raleigh, North Carolina, Dr. Garland was awarded eleven SBIR/STTR Awards, totaling over six million dollars. These awards include both NSF and NIH SBIR and STTR Awards, for technologies including pharmaceuticals, wound care products, antiseptics, medical devices, agrochemicals, filtration membranes, and oral health products.

Gary Hayes, COO and Co-Founder of Scale Finance will be the moderator for the panel. Scale Finance provides fractional based accounting services for small businesses along with expertise in raising capital both equity and debt. Over half of its 100+ active clients are technology-based companies.

Andrew Schwab, President of First Flight Venture Center indicates, "First Flight is excited to see these individuals openly talk about their impactful bootstrapping efforts. We believe bootstrapping is an important "funding source" and try to not only teach this skill, but emulate it in our operations at First Flight".

Tickets for the event may be obtained by linking to

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