Stamford Innovation Center Adds Tenants Cashpath Financial, Local Yokel Media, Orthozon Technologies

March 7, 2013 - PRLog -- Stamford, CT -- Continuing to add to its growing community of funded startups and other exciting early stage companies, the Stamford Innovation Center (http://www.stamfordicenter.com) today announced that three new companies have taken permanent spaces at the Center – Cashpath Financial, Local Yokel Media and Orthozon Technologies.  Barry Schwimmer, founder and managing partner of the Stamford Innovation Center, made the announcement.

“We welcome Cashpath Financial, Local Yokel Media and Orthozon Technologies as the newest members of our community of innovative companies and are honored that they chose the Stamford Innovation Center as their work location,” said Mr. Schwimmer.  “We look forward to providing the environment, services and support to help them accelerate their development.”

Local Yokel Media (http://www.localyokelmedia.com) is the first single-source, hyperlocal advertising platform.  The company empowers local, regional or national marketers with the ability to reach audiences in their immediate service area on specifically relevant hyperlocal websites and content.  Founder and Chief Executive Officer (CEO) Dick O’Hare is a veteran of the digital media industry with 15 years in senior management roles at DoubleClick, AOL and Yahoo.

“We are thrilled to be located at the Stamford Innovation Center,” said Mr. O’Hare, who lives in nearby New Canaan.  “Approximately 80% of consumer spending in the U.S. occurs within 15 miles of home, yet there is no efficient, scalable digital solution for a business to target consumers within a service area this size with high relevancy.  We started the company focused on Fairfield County and the New York local advertising market and have rapidly scaled our hyperlocal footprint into communities across the U.S.”

Led by Founder and CEO John Ventura and Co-founder and Chief Technology Officer Brian Rowe, Cashpath (http://www.cashpath.com) is a new consumer banking services company whose mission is to help people spend less than they make and save.  With just under half of America spending more than they make, a problem facilitated by credit cards, checking accounts and disjointed financial products, many people are left to jury-rig their own cash management systems that inevitably fail.  The result is that a huge part of the population lives with financial insecurity.  Cashpath solves this problem through a holistic money management experience that guides customers to positive financial outcomes from inside a bank account.

“We are very excited to take up residence at the Stamford Innovation Center,” said Mr. Ventura, who spun Cashpath out of a leading consumer banking consulting firm he also co-founded.  “It’s just the perfect environment for us to develop Cashpath at this critical ‘build’ stage of the company.  Right now we are heads down, creating our products and forming key partnerships.  We will launch Cashpath later this year.”

Orthozon Technologies (http://orthozontechnologies.com/index.html) is a medical device company that merges world class clinical experience and state-of-the-art engineering to design innovative tools for physicians looking to perform faster, simpler and more efficient surgical procedures.  The company will be making its market debut this year with the introduction of a minimally invasive surgical retractor that will provide superior access and visibility for physicians as well as faster and less painful recovery time for patients.

The company has strong ties to Connecticut, even beyond its office at the Stamford Innovation Center, noted Joshua Aferzon, a 2011 UConn graduate who is founder and CEO of Orthozon.

“Connecticut Innovations pointed us to the Stamford Innovation Center, and we are delighted they did,” he said.  “We are sourcing as much of our product in Connecticut as we can, drawing on the state’s long history as a manufacturing powerhouse.  We are committed to being a leader in the tech movement toward local manufacturing and plan on drawing on the skills of other local companies.  There is a wide variety of talented vendors and individuals in Connecticut, and we are excited about tapping into this resource.”  

These three companies join Sikorsky Innovations (http://www.sikorsky.com/Innovation) and their first two Entrepreneurial Challenge winners, Pankl Aerospace Innovations and EvoLux Transportation, as well as Personally Cool Inc. (http://www.mycoldfront.com), an innovative consumer lifestyle products startup, as permanent tenants at the Stamford Innovation Center.

About the Stamford Innovation Center
Featuring coworking, dedicated offices, conference facilities and a comprehensive slate of startup-centric classes and events, the Stamford Innovation Center is the ideal place for young enterprises to grow and interact with peers, mentors, investors, industry experts and service providers.  For information on how to join our community, please visit http://www.stamfordicenter.com.