Week in Review: August 20, 2012

The Silicon Bayou has been buzzing with tech and entrepreneurial news. Here are the most popular stories published on Silicon Bayou News in the past seven days:

Private Equity Firm Closes First Deal and Moves to New Orleans

Tulane graduate and entrepreneur Brian Isern co-founder Sibling Capital less than a year ago with sister Dr. Sandra Coufal. The private equity firm based in Rancho Santa Fe, CA is now moving its home base to New Orleans into the New Orleans BioInnovation Center. Sibling Capital participated in Relypsa’s $80 million Series C funding transaction, which has set the company up for investment in areas of chemistry, medicine and material sciences.

Genetics Lab Hopes to Revolutionize DNA Testing Solutions

New Orleans genetics lab InnoGenomics has been awarded a grant of up to $1 million from the National Science Foundation. The company, based out of the New Orleans BioInnovation Center, is a solutions provider working towards optimizing a forensic DNA test. The grant money will help the company complete a prototype of their patented DNA identification test kits.

Call for Applications: SeNSE Pitch Night #14

SeNSE’s fall semester of events is kicking off next month, beginning with Pitch Night #14. SeNSE is currently looking for submissions here if you are looking for feedback on your investment pitch and business model. All industries are welcome for this pitch night which will be held on September 25th, 2012. Finalists will be announced on September 1st, 2012 and all submissions must be from Louisiana based companies.

All About You: Kurtis Rainbolt-Greene

Kurtis Rainbolt-Greene’s Twitter profile describes him as a hacker, author, minimalist, and father. He is the mastermind behind Nola On Rails and owner of Difference Engineers, LLC, a self-described firm and experienced development shop for MVPs and prototypes. Kurtis moved back here last year to take on a position at iSeatz where he built large scale rail applications. Now, he works on what he loves: coding and new technology. Follow Kurtis on Twitter and check out his Nola On Rails work.

New CEO Takes over at LITE

Louisiana Immersive Technologies Enterprise’s (LITE), the 3-D visualization center in Lafayette,, appointed Dr. Kam Ng as its new CEO last month.  Ng joins the LITE team after retiring from the Office of Naval Research (ONR) as the deputy director for research and comes more than a year after of searching for a replacement.