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Follow on Google News | STAND2LEARN™ Closes an Investment Deal with the Research Valley Angel FundUnder the umbrella of PositiveMotion, LLC, STAND2LEARN, LLC has brokered a deal with the Research Valley Angel Fund to provide bridge funding of the faculty-led startup company.
By: Stand2Learn PositiveMotion, LLC was formed in the fall of 2008 but did not license the standing desk technology from Texas A&M until the fall of 2011 following startup investments by the founding members of the company. At that point, the company had been awarded a $150,000 Phase 1 SBIR grant from the Centers for Disease Control to develop products that might combat the growing problem of childhood obesity. Dr. Mark E. Benden, CPE, a faculty member of the School of Rural Public Health and the founder, designer and key-researcher of the company’s patented products, indicates that “this latest round of funding will play a critical role in keeping the company growing while awaiting news of its second round of SBIR funds worth over $1million in non-dilutive investment. The company’s new president, Mack Westbrook mentioned that “this development process will play a pivotal role in extending STAND2LEARN’ STAND2LEARN™ Dr. Benden started this project over 4 years ago in elementary schools as a concept to fight childhood obesity and increase student focus. The concept has since grown into the development of 2 US Patented desk & stool versions and multiple patents pending. The current products accommodate Kinder through college as well as office settings. End
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