the new enterprise forum · 26-07-2012 · naren balasubramaniam, president & ceo;...
TRANSCRIPT
The New Enterprise Forum
Vol. XXVII, No. 7 • July 2012 www.NewEnterpriseForum.org
The Entrepreneur’s Link to Resources
NEF Stakeholder Members
GLEQ NewsFall Business Plan Competition
Registration opens Monday, August 27 and runs through Monday, October 15.
Five-page Executive Summary due Monday, December 17.
Awards presented at ACE ‘13 in late January 2013
Request for Proposals (RFP) to provide Entrepreneurial
Engagement EventsFour stipends of up to $3,000 each are available to student-driven groups or
community coalitions interested in hosting entrepreneurial engagement events. Deadline for proposals is Thursday,
See GLEQ, Page 2
Ninth Annual ProgramEntrepreneurs Take A New Look at Old IdeasInnovative entrepreneurs have a knack for mak-ing the old new again; old business concepts and ordinary products are ripe for tweaking or for developing into new businesses. Our Ninth An-nual Unusual Entrepreneurs program will gather a special group who are putting their unique stamp on some products, services, and technologies in our everyday world.
PanelistsBrad Alan is launching Switcheels, a patent-pending women’s shoe that converts from high to low heels, thus eliminat-ing the need for woman to carry two pairs. Switcheels has final designs, working prototypes, manufacturers, mold pricing, a website, etc.,
and is “receiving tremendous ‘WOW’ responses” from women. Learn more at http://www.youtube.com/watch?v=NZkLATRHbAA.
Bradley J. Foster started his entrepreneurial career with the typical lemonade stand, moved then to lawn mowing and snow shovel-ing, and finally, when he was 12, to his first major business: Spark Force, a computer sales and repair company. Spark Force has grown throughout the Metro Detroit area. Now at the ripe old age of 22, Brad also owns a hotel in Southern Costa Rica, a restaurant in Northern Michigan, a water sports camp, a finance company, a real estate investment firm, and a luxury adventure travel agency. Learn more about Spark Force at http://www.mysparkforce.com/.
Past Presenter NewsIX Innovations (July 2010)Ian Dailey, CEO; Pico meter used to measure low voltages in electronic devices. The Company recently released its newest product called the Pocket Pico Power Mate. It measures current from 10 nanoamperes to 30milliamperes in a single measurement range, and charts system energy usage over time. Last year they raised money from both the First Step Fund and the Michigan Pre Seed Fund. For more info, visit http://pocketpico.com/about
GCI Global Healthcare Solutions (July 2011)Naren Balasubramaniam, President & CEO; International alternatives for the growing medi-cal tourism market. GCI provides strategic, management, and technology services and programs for health-care providers, payors, and employers that allow them to co-create value and to provide access to high quality, safe health care for
See Entrepreneurs, Page 2Brad Alan
Bradley Foster
See July Program, Page 2
July 2012 2
Board of directors
Become a Member • Stakeholder $500 • Corporate $275 • Individual $100 • Student $25 For details of category benefits
and payment of membership fees, visit www.NewEnterpriseForum.org
Join Our Program Committee*
All are welcome!8 a.m., A2Y Regional Chamber
115 W. Huron, Third Floor, Ann Arbor, MIAddress questions about Program Com-
mittee or becoming a Showcase Presenter to Committee Chair, Helen Ewing, at
*Our next Program Committee meeting is Tuesday, July 31.*
*Special date due to Art Fairs
© 2012 New Enterprise Forumwww.NewEnterpriseForum.org
June Program, Cont. from Page 1
Gerry Roston, PresidentPair of Docs Consulting, 734/516-6715, [email protected]
Helen Ewing, Program Committee ChairThe Ewing Group, 810/[email protected]
Joan Hutchinson, SecretaryWrite on…, 734/[email protected], writeonA2.com
Chuck Rubin, TreasurerC.H. Rubin & Co. CPA, P.C.734/665-6688, [email protected]
Steve Field, Membership ChairTrenton Corporation734/424-3634 [email protected]
Lauren BigelowGrowth Capital Network734/ 678-5161 cell, [email protected]
Paul BrownMI Economic Development Corp.517/241-5231, [email protected]
Adrian FortinoShepherd Intelligent Systems734/ 212-1098, [email protected]
Lee GormanBarton Consulting Services, 734/663-8219, [email protected]
Francis GlorieBD Biosciences734/846-0407, [email protected]
Wayne HarveyU-M Tech Transfer734/ 936-1955 , [email protected]
Gary HessenaurHessenaur & Assoc., CPA, PC810/231-2050 or 734/663-9306 [email protected]
George C. LevyGDI Infotech, Inc. (retired, but active)734/657-6464, [email protected]
Bill MayerAnn Arbor SPARK734/821-0072, [email protected]
Andrew McColmEarly Stage Partners 734-748-7859, [email protected]
William McPhersonMcPherson Commercial Capital, LLC734/[email protected]
Stewart NelsonKapnick Insurance, 734/ 994-9099 [email protected]
Claudia RastButzel Long734/213-3431, [email protected]
Phil TepleySBTDC734/547-9170, [email protected]
Ray WatersDetroit Development Fund313/[email protected]
Jordan Silverman co-founded Star Toilet Paper, which prints advertisements and/or coupons on toilet paper for client advertisers and distributes the product to high-volume public venues, such as stadiums, etc.. Silver-man is currently a student at the University of Michigan.
The Company has about a dozen advertisers, two venues carrying the toilet paper, and was an award winner in the Spring 2012 GLEQ Business Plan Competition. Learn more at http://www.mo.com/Jordan-Silverman-Star-Toilet-Paper
Moderator for the July pro-gram will be Jesse Bernstein, a serial entrepreneur from the get-go (mental health care, human resources, start-up management teams), even though he has also “dabbled” as a consultant, investor, and non-profit leader (Ann Arbor Area Chamber CEO and, presently, AATA Board Chair). Jesse is quoted as saying he’s “tried retire-ment but hasn’t managed to stay retired for long.” And so it goes with entrepreneurs....
Showcase PresentationAlso on the Program will be a 10-minute pitch by SurClean (Susan Sprentall, CEO). The Company is developing technology spun-out from American Laser Enterprises for a hand-held laser paint re-moval system targeted for the aircraft industry.
As always, we will have plenteous hors d’oeuvres and great networking. Please plan to join us on Thursday, July 26, one week later than usual due to the Art Fairs. See you then!
GLEQ, Cont. from Page 1
August 30. Learn more at http://www.MovingIdeasToMarket.org
Upcoming Events
Hot Shots: Career ConnectionsTuesday, July 31, 5-7 p.m.
Bring your resume, and come mingle with growing, innovative companies
in a fun and relaxed environment!Talent-seeking for themselves only.Not for recruiters or staffing firms.
Ann Arbor location to be determined.See http://www.annarborusa.org/events
BBC Entrepreneurial Training and Consulting (etc.)Proposal Preparation
for Dept. of Defense/Dept. of EnergyWednesday, August 8
9 a.m. to 3 p.m.Velocity Bldg., 6633 18 Mile Road
Sterling Heights, MIThis agency-specific seminar presents
essential information for crafting a competitive SBIR/STTR proposal that
meets the unique requirements of the DoD and DoE. It provides detailed instruction on preparing a proposal, including both
technical and commercialization plans, and navigating the submission process. To register: http://bbctraining71112.
eventbrite.com/
patients via a global delivery model. For more information, visit http://gcighs.com/
CYJ Enterprises (July 2011)Carole Johnson, CEO; developing a Web-based system e-CYREN™ used to capture, exchange, and distribute info between families and professional care providers. CYJ finalized an agreement to provide the system to Life Steps Foundation’s business part-ners and affiliates, an LA-based non-profit that will use the platform throughout California. The partnership will allow users to securely participate in a continuum of care with service providers and clients they serve, including decision support notifications that help to avoid patient injury due to medication errors. For more info, visit http://techtownwsu.org/cyj-enterprises/
SendGCash (Oct. 2010); money transfer system. Breaking news, learn more at [email protected].
Entrepreneurs, Cont. from Page 1
Jordan Silverman
Jesse Bernstein
3 July 2012
The New Enterprise Forum reviews business plans to determine the readiness of entrepreneurial ventures for presentation to the group. No independent investigation of claims or representation is made. Applicable securities laws place certain limitations on the manner in which an offer to sell securities may be made and on solicitations and advertisements to sell securities. Failure to comply could result in the loss of the private offering exemption. The New Enterprise Forum can assume no responsibility for the form or content thereof.
LAST MONTH HIGHLIGHTS
Showcase Presentation
Sterilogy LLCHal Zaima, Presenter and Co-Founder
Hand hygiene remains the primary way to prevent hospital infec-tions, which kill 100,000 US patients annually, resulting in $30 billion in unnecessary costs to hospitals and health care clinics. Medicare reimbursed hospitals for these expenses until October 2008, when it identified hospital-associated infections as the #1 preventable event and shifted the responsibility for solving the problem (and the financial burden) to the care facility.
Beginning in 2012, Medicare began deducting 2% from pay-ments of all non-reporting hospitals and care facilities, further forcing them to find a solution to their problem. Present hand hygiene devices include sinks with soap and water, wall mounted canisters, and small carryable sanitizers, many with some sort of alarm device, but none of these addresses the ten root causes of infection identified by the Joint Commission Centers for Trans-forming Healthcare. The Sterilogy delivery device addressees each and every one.
Their product is a patent-pending compact, body-worn hand hy-giene compliance and monitoring system that reminds the medical practitioner to perform a hygiene event at the appropriate time, and automatically records the dispensing event into the hospital’s data bank. The Company will go to market with a “razor/razor blade” business model, i.e., its razor is the Portable Sanitizing Unit (PSU}, alert emitter, base station, and software model; the blade is the proprietary sanitizer-filled canister. Total potential US hospital market is projected at approximately 700 million canisters per year.
Thus far, Sterilogy has applied for a utility patent and received a Micro Loan from the State of Michigan, as well as an SBA Business Accelerator Fund grant. Working prototypes are to be completed in June 2012 and a beta site at Oakwood Hospital will begin in Q3 2012. The Company is seeking an angel round of $600K by the end of Q3 2012 for purchase of beta units, preparation for production and other expenses. An A round of $2M in 2013 will be used to hire key personnel and begin production. Learn more at http://sterilogyllc.com/
Featured Speakers“Is Crowdfunding in Your Company’s Future?”
PanelAlon Hillel-Tuch, RocketHut
Ken Kousky, MidMichigan Innovation CenterThomas S. Vaughn, Dykema Gossett
ModeratorMichael Cole, Bank of Ann Arbor
and Ann Arbor Angels
Ken - Why the new legislation is important:Fully 65% of job creation typically occurs in start-ups; that stopped in 2008 in the US for a loss of $6T in net worth. The bipartisan JOBS legislation passed quickly and is intended to give small busi-nesses access to capital. The system is broken; there are not enough funds in local banks.
Tom - Changes in the new laws:SEC recognizes two kinds of investors, accredited and not; advertis-ing is prohibited unless a pre-existing relationship exists. New SEC rules will be issued in July to redefine these restrictions. We may soon see advertising, posts to websites, requests via email, etc. Lo-cal impact will be significant, as Detroit is ninth highest nationally in the number of accredited angel investors.
Alon - About crowdfunding:Groups pool their money for a particular goal. Projects may be started by anyone, and may entail contributions/donations for causes near and dear, or for the production of films, music, books, video games, environmental concerns, band tours, etc. RocketHub funds small projects (up to $1M) of many types and has “done well so far.” Learn more at http://www.rockethub.com/ Stay tuned...
Alon Hillel-Tuch Ken Kousky Thomas S. Vaughn Michael Cole
Open Forum
If you would like your business needs published in this newslet-ter, please fill out the Business Introduction Form on the literature table at monthly Forum meetings and return to a Board member (red ribbon), or mail to: New Enterprise Forum 115 W. Huron St., Third Floor Ann Arbor, MI 48104
June Meeting Sponsor: Bank of Ann Arbor
Thank You!
Ann Arbor is Michigan’s home of innovation and entrepreneurship. Bank of Ann Arbor was founded by successful local entrepreneurs with the core mission of serving the unique banking needs of the greater Ann Arbor community. We have grown to become one of the nation’s most financially stable community banks by providing our business, private banking, and retail customers with the banking products they need -- while never losing sight of the importance of high quality customer service.
Michael Cole, President, Technology Industry Group
NEXT MEETING: Thursday, July 26, 2012*
*One week later than usual due to Ann Arbor Art Fairs
9TH ANNUAL UNUSUAL ENTREPRENEURS PROGRAM: “NEW TWISTS ON OLD IDEAS”
New Enterprise Forum115 W. Huron at Main, 3rd FloorAnn Arbor, MI 48104July 2012
Inside:
• July Program: 9th Annual Unusual Entrepreneurs Program: “New Twists on Old Ideas” • Presenter Updates IX Innovations (7/10) GCI Global Healthcare Solutions (7/11) CYJ Enterprises (7/11) SendGCash (10/10)
• GLEQ Events
• Last Meeting Highlights • Get Involved in NEF!
Thank You to Our Program Partners...
www.gleq.org www.a2ychamber.org
Showcase PresenterSurClean
Susan Sprentall
The Company is developing spinout technology from
American Laser Enterprises for a hand-held laser paint removal system
targeted to the aircraft industry.
Featured PanelistsBrad Alan, Switcheels
Brad Foster, Spark ForceJordan Silverman, Star Toilet Paper
Moderator Jesse Bernstein,
Serial Entrepreneur and Non-Profit Leader
The old is new again in the hands and minds of entrepreneurs; come see the unique spins they are putting on everyday products and services.
Open Forum
Brief turn at the micto introduce your business, marketingstrategy, and present resource needs.
Meeting SponsorStakeholder Member
PNC Bank
Holiday Inn North Campus • 3600 Plymouth Road at US-23 • Ann Arbor, MIRegistration and networking begin at 5:00 p.m., program at 5:45 p.m.
Non-members $20 at the door, students $5
Meetings are videotaped by Vince Chmielewski of VC Web Design (734/217-4530 or [email protected])