San Luis Obispo, Calif. Photo: Jeffrey T. Kreulen / Shutterstock

By Nick Wilson, The Tribune

Three new companies have finished the SLO HotHouse Incubator, a Cal Poly program designed to take businesses from the startup stage to gaining a foothold in the marketplace.

The two-year program is run by the Cal Poly Center for Innovation and Entrepreneurship.

The businesses are: Boost Acquisition, a data analytics company targeting the auto industry; MegaMatter, a chemical company developing effective, nontoxic flame retardants; and Moja Outdoors, a website that focuses on content and community that drive retail experiences.

Boost Aquisition, based in San Luis Obispo, employs one full-time employee and six full-time contractors; MegaMatter of San Luis Obispo has two full-time and two part-time workers; Moja Outdoors, which has not officially set up headquarters, has two full-time employees and two part-time contractors.

Since its inception in 2010, the CIE has promoted regional economic development. Six out of 12 graduating incubator companies are running businesses in San Luis Obispo County.

Of the other six, all are located out of the county, mostly in the Bay Area and one in Texas. Another, Grapple Inc., was sold to another company.

So far, the graduating companies combined have added 30 jobs throughout the country and 19 in San Luis Obispo County, according to Candice Conti, the CIE’s HotHouse communications manager.

For more information, go to cie.calpoly.edu.

 

©2016 The Tribune (San Luis Obispo, Calif.) Distributed by Tribune Content Agency, LLC.