What does a cotton bracelet, a food tour in Washington D.C., and new kind of flooring have in common? They are products or services offered by three start-up companies whose owners started their companies with less than $150. They are also the subject of an article in the Wall Street Journal entitled Start-Ups on a Shoestring. The article provides an insightful look into entrepreneurial spirit that drives small business. I found this article fascinating because it doesn’t credit the success of these entrepreneurs to anything but hard work and intuitiveness. Not only was their common thread hard work and little money, but these business savvy people were also tech savvy. My suggestion: click the link above or below and read the full article. You may find some helpful hints or simply be encouraged by start-up successes.
From the WSJ. China’s venture, growth and private equity investors are continuing to trade in their servers and silicon chips for plowshares.
Tsing Capital’s $10 million investment in a Shanghai-based organic crop grower is the latest in a series of deals over the past two years to get venture capitalists’ boots dirty.
On Friday, February 25, IU presented four innovative new technologies in Evansville at the 2011 Southwest Indiana Technology Showcase. The free event is held annually by Indiana University and Purdue University to present technologies developed through university research that have strong commercialization potential. Over 100 people attended and participated in the showcase, including entrepreneurs, investors, students, and local leaders from business and government.
The four IU technologies presented at the event have been patented and are available for licensing by startups and established companies:
Implantable Pressure Sensor for Optimizing Ventilator Support and Weaning
Dr. George Akingba, a vascular surgeon and biomedical engineer at the Indiana University School of Medicine, and Dr. Jason Clark, an engineering professor at Purdue University, have designed a novel, implantable pressure microsensor to directly measure pleural pressure of the lungs, enabling an evidence-based approach to weaning patients from mechanical ventilation which is not possible using current technology.
Integration of ICU Data in Interactive Visual Format for Enhanced Critical Care Evaluation and Treatment
Dr. Anthony Faiola, director of human-computer interaction at the Indiana University School of Informatics and Computing, has developed Medical Information Visualization Assistant (MIVA). MIVA consolidates large amounts of essential patient data into a visual and interactive format, allowing physicians and nurses to streamline workflow, while expiating critical care treatment. Devices monitoring patients’ vitals, such as blood pressure, heart rate, and other measures are integrated with MIVA and displayed on a large touch-screen within the ICU.
Electro-Wetting Lens for Concentrating Solar Energy
Dr. Afshin Izadian, an assistant professor of electrical engineering technology at IUPUI, has developed a passive, stationary solar concentrator for use on electric generating Photo Voltaic (PV) modules. When installed on a PV module, the device will increase the electricity generated in low level, diffuse light situations by as much as 75%. In turn, this will dramatically increase the number of worldwide locations where PV technology can be practically and cost effectively applied.
Solution-Based Layer-by-Layer Nanoassembly of Thin Film Solar Cells
Dr. Mangilal Agarwal, associate director of research development, and his colleagues at IUPUI have developed a novel technology that improves the manufacturability of thin film solar cells, such as CIGS, by using a self-limiting layer-by-layer deposition process. This process will enable solar cell plating over large irregular surfaces in a cost-effective manner.
The IU technologies presented at the event have been patented and are available for licensing by startups and established companies. Additional information on IU technologies can be accessed through contacting the IU Research and Technology Corporation.
From the JCEI website: The Johnson Center for Entrepreneurship & Innovation is dedicated to establishing entrepreneurial experiences for students by expanding linkages between Indiana University and the enterprising business community as well as through establishing cross-campus initiatives with other university departments.
Find out more here:
On Friday, February 25, the Center for the Business of Life Sciences of the IU Kelley School of Business will present its latest installment in the Indiana Life Sciences Collaboration Conference Series: An Update on Regulatory Compliance. The conference will be held at the offices of Barnes & Thornburg, 11 South Meridian Street in Indianapolis. Breakfast begins at 8:00 a.m. and the conference concludes at 3:15 p.m. Online registration can be accessed here.
The new administration, leadership and legislation all contribute to the recent changes in how the FDA performs its role. At the same time, manufacturers of pharmaceutical products, nutritionals, medical devices and diagnostic equipment, and other medical technologies are constantly looking for new ways to distribute market and sell their products. Many would say that the effects of this combination are putting businesses under more regulatory scrutiny, subjecting companies to more liability and delaying the availability of new products and therapies to healthcare providers and ultimately, the public. This program will bring experts from industry and the regulatory environment together to discuss whether this is indeed the case and review strategies for the future.
John L. Krauss, director of the Indiana University Public Policy Institute and its Center for Urban Policy and the Environment, recently authored Collective Pride, Worthy Choices, a compelling column on the importance of viewing Central Indiana and Indianapolis as a larger, dynamically interconnected region. The column was originally published in the February 6, 2011 Sunday edition of The Indianapolis Star and was later posted on the Urbanophile blog.
Through a competitive grant awarded by the U.S. Economic Development Administration (EDA), the Indiana Business Research Center (IBRC) of the Kelley School of Business has developed an Index of Innovation that is usable at the county level and for multi-county regions. While previous research in this area examined innovation at state level or within larger metropolitan statistical areas, the IBRC recognized that local and regional economic development practitioners need more granular data applicable to any region, of any size, in the country.
The Innovation Index for America’s Regions, whose development was led by Tim Slaper of the IBRC, provides an overall innovation index for any county or multi-county region, along with sub-indexes addressing the key dimensions of human capital, economic dynamism, productivity and employment, and economic well-being. In turn, each of these sub-indexes is comprised of several indicators. The Innovation Index was created through joint research with the Purdue Center for Regional Development.
Data for all levels are available on the IBRC’s Innovation in American Regions web site. The web site includes a variety of useful data tools, including a just-released interactive innovation map that enables the index values for any county to be highlighted. This seminal work has received national awards for excellence and has been highlighted by the EDA in its newsletters and by other national economic development groups. A value-added resource, the Innovation Index represents another way IU is advancing economic development in Indiana and beyond.
The full press release detailing the Innovation Index and its reported results for 2011 can be accessed here.
Written by Guest Blogger: Brad Fravel, Senior Technology Manager
Phone: (317) 278-1916
Recently, the Indiana University Research and Technology Corporation (IURTC) hosted its first Inventors’ Reception. The event was held at the Skyline Club in the heart of downtown Indianapolis, providing attendees a stunning view of the city while they socialized. The reception recognized university researchers who had recently disclosed new inventions to IURTC. Also in attendance were spouses, as well as, attorneys from Bingham McHale, a local intellectual property law firm that helped sponsor the event.
Everyone enjoyed the delicious hors d’oeuvres and the festive atmosphere. It was a great night that allowed inventors, spouses and technology commercialization staff to network and socialize outside of their usual circles. The occasion proved especially beneficial to a few researchers that made new contacts with potential collaborators. For instance, Afshin Izadian, Ph.D., an Electrical and Computer Engineering Professor in IUPUI’s Purdue School of Engineering and Technology, and Robert Bacallao, MD, a Professor of Medicine in the IU School of Medicine, have now begun exploring the ways their research programs could benefit from working together on advanced medical imaging technologies.
However, the night was not all business. Along with the friendly conversation and the founding of new connections, the event also offered a chance to win a wonderful door prize. The West Baden Hotel donated a weekend stay and dinner for two at the French Lick Resort for a lucky attendee. The relaxed, casual atmosphere was just right for discussions with colleagues and new acquaintances, and although it seemed to end too soon, there’s little doubt that everyone felt it was time well spent.
New innovative technologies patented through public university research will be featured at a free business conference next week. During the 2011 Southwest Indiana Technology Showcase, Purdue University and Indiana University will present technologies that have commercialization potential for both existing companies and new startup businesses.
The February 25 event will be held at the Aztar Executive Conference Center in Evansville from 8:30 a.m. to noon. It is open to entrepreneurs, investors and financiers, business and community leaders, and technology specialists. Registration is required and can be accessed online.
From the Linda and Jack Gill Center for Biomolecular Science (GCBS) website:
The Linda and Jack Gill Center for Biomolecular Science (GCBS) was established to advance the understanding of complex biological processes and to train next generation scientists in state-of-the-art biomolecular measurements, especially in the field of neuroscience. Collaborations include Indiana University’s world-class Departments of Biology, Chemistry, Physics, Psychological and Brain Sciences, Neuroscience, and the School of Medicine.
Vast new research in neurosciences creates unprecedented opportunities to understand human brain functions, mechanisms underlying neurodegenerative diseases, the molecular basis of learning and memory, and the roots of chronic pain and addiction.
Traditionally-trained scientists (in the fields of anatomy, biochemistry, genetics, molecular biology, membrane biophysics, pharmacology, physiology, and psychology) already have made major contributions to modern neuroscience. Training next-generation researchers requires an even greater emphasis on interdisciplinary approaches. The GCBS is organized to facilitate and incentivize such collaborations.