David Ricks, chairman and CEO of Eli Lilly and Company, will speak at the Economic Club of Indiana‘s luncheon Wednesday, April 28. The luncheon will begin at noon. It will take place at the Indiana Convention Center, 100 S. Capitol Ave., Indianapolis.
Tickets for members of the Economic Club of Indiana are $30; tickets for nonmembers are $35. They can be purchased online.
Indiana University and IUPUI are platinum sponsors of the Economic Club of Indiana’s luncheon series.
High-tech entrepreneurs are invited to participate in a national program to start companies based on innovations developed at U.S. Department of Defense laboratories.
The Defense Innovation Accelerator program, offered through the National Security Innovation Network, helps entrepreneurs, scientists and technologists assess an innovation’s commercial potential. Online registration closes April 2. Apply through the Defense Innovation Accelerator 2021 Entrepreneur Application or email dia@nsin.us for information.
Entrepreneurs may be based anywhere, but they are required to attend a two-day virtual summit as well as a demo day in Washington, D.C. They also must commit 15 to 20 hours weekly for interviews and workshops held during the program.
The 2021 cohort of the Defense Innovation Accelerator will focus on the following technology areas: cybersecurity and secure communications, autonomous systems, artificial intelligence, virtual reality and computer vision, sensors, human performance, advanced materials, biomedical, and energy and power sources.
A video highlighting the 2020 Defense Innovation Accelerator program is available online.
By Philip T. Powell, Indiana University Kelley School of Business associate dean of academic programs in Indianapolis and clinical associate professor of business economics and public policy
When fighter pilots bank their jet for a steep climb, gravity exerted upon the human body suddenly multiplies. “Feeling the G’s” causes disorientation. This best describes what the 2021 economic rebound will feel like to business owners as they navigate through a period of accelerated growth and high demand in the coming months.
Business owners and managers must be proactive instead of reactive. In spite of continued lockdowns and social distancing, leaders must plan in 2021 to quickly accommodate this rapid growth and the higher expenses and constrained capacity that it generates.
Demand will suddenly return with unexpected strength. The Conference Board forecasts real GDP growth of 4.7% in Q2, 6.4% in Q3, and 4.8% in Q4 of 2021. This rate of expansion doubles and nearly triples the 2.2% growth experienced in 2019. Since recovery began in Q3 of 2020, actual growth has consistently beat predictions. Companies need to prepare for a tsunami-like return of business.
Powell’s opinion piece about a 2021 economic rebound is available on the Kelley School of Business blog.
Monroe County residents pitched their startups and business plans to judges during Demo Day, the final event of the Bloomington Economic Development Corporation’s B-Start program.
Indiana University alumni took first and second place in the competition with the startups Reezy and Towny. Reezy also won the prize for Best Business Plan.
IU senior Ankush Bikkasani won third place and the Audience Choice Award for Deep Word, which produces synthetic videos of people talking without having to film them saying the words.
The winners received prize money to advance their businesses.
Three other startups with IU student leadership participated in B-Start:
B-Start is an annual program designed for entrepreneurs who want to take their creative business idea through a comprehensive refining process to build a foundation for acceleration. Each B-Start participant was paired with a local entrepreneur or business leader who guided them through the program.
Despite challenges created by the global coronavirus pandemic, IU Ventures had a hugely successful 2020 calendar year. Several investment milestones were reached, and new initiatives were put in place to springboard into an even stronger 2021.
During 2020, IU Ventures:
IU Ventures also launched the IU Angel Network Sports Innovation Initiative, which identifies IU-affiliated sports tech startups to support and connect with the IU Athletic department to support enhanced athletic performance, to support former IU athletes in their entrepreneurial endeavors, and to help create solutions to identified problem areas.
“We’ve been inspired by the resilience of the founders we work with and their contributions to society during the pandemic,” said Teri Willey, managing director at IU Ventures. “We look forward to the role they will have in the post-pandemic recovery.”
All IU Ventures portfolio companies – including those in the Innovate Indiana Fund, IU Philanthropic Venture Fund and IU Angel Network – can be found online.
Gail Boudreaux, president and CEO of Anthem, will speak at the Economic Club of Indiana‘s luncheon Monday, March 22. The luncheon will begin at noon. It will be held at the Indiana Convention Center, 100 S. Capitol Ave., Indianapolis.
Tickets for members of the Economic Club of Indiana are $30; tickets for nonmembers are $35. They can be purchased online.
Indiana University and IUPUI are platinum sponsors of the Economic Club of Indiana’s luncheon series.
We’re celebrating Indiana University’s student innovators and entrepreneurs who are clients of the Shoebox, the university’s student-startup incubator. Located in the Shoemaker Innovation Center in Luddy Hall on the Bloomington campus, the Shoebox provides 24/7 office space to help student entrepreneurs build and sustain their businesses.
Meet ViLearn
ViLearn was founded by Fatima Rafiqui and Parumita Sachdeva. Both are candidates for a master’s degree in human-computer interaction and design at the Luddy School of Informatics, Computing, and Engineering. Both are from New Delhi, India.
ViLearn is a desktop application that reimagines virtual learning for K-12 students, creating a fun, futuristic hybrid learning model that is more engaging than traditional models and supports holistic growth.
Rafiqui said K-12 students were affected particularly hard when schools transitioned online during the COVID-19 pandemic. She determined that students found it difficult to focus on their studies, even as e-learning became the default “new normal.”
“ViLearn not only offers basic features of a learning management system and video conferencing, but we also provide features to gamify the learning experience,” Rafiqui said.
“Students can earn points by interacting with their class, completing assignments and participating in activities. Then they can use those points to build their own customized castle.”
ViLearn also provides students the tools to personalize their profile, including changing themes and adding achievement badges.
ViLearn’s present and future
Sachdeva said a significant part of ViLearn has been designed, and user testing is being conducted to determine that students enjoy the product and that it is adding value to learning platforms.
“Now that our idea is completely shaped, we are trying to get our MVP — or minimally viable product — developed and launched in order to get market feedback to understand how schools would perceive it,” Sachdeva said. “So far, we have heard only good things from students and teachers.”
Praise for the Shoebox
“We are very new to the Shoebox community, but we already have access to so many resources,” Rafiqui said. “All clients are from different backgrounds which helps us get a lot more perspective with respect to how we can think about the business strategy and engineering efforts. We believe Shoebox will provide us an opportunity to find the right connections and thrive in the market.”
Student startups can apply for 24/7 access to the Shoebox’s office space, which is located in the Shoemaker Innovation Center, Luddy Hall 2150. The Shoebox also collaborates with the Hoosier Hatchery pre-incubator at the Kelley School of Business, as well as Bloomington’s Dimension Mill startup accelerator. To apply for coworking space, write to luddysic@indiana.edu.
We’re celebrating Indiana University student innovators and entrepreneurs who are clients of the Shoebox, the university’s student-startup incubator. Located in the Shoemaker Innovation Center in Luddy Hall on the Bloomington campus, the Shoebox provides 24/7 office space to help student entrepreneurs build, launch and sustain their businesses.
Meet Hire Degree
Hire Degree was founded by Jacob Lampf of Columbia, Maryland, a senior in the Kelley School of Business; Jon Pogorzelski of Ambler, Pennsylvania, a senior in the Kelley School of Business; and Brett Eisner of Fullerton, California, a senior in the Luddy School of Informatics, Computing and Engineering.
The company’s marketplace platform connects startup and growth companies with university students via remote, part-time job opportunities.
Lampf said many companies have a difficult time connecting to eager, ambitious college talent at universities.
“Most of them don’t have the contacts, the resources or the time — or all three of those — to command an on-campus presence to capture the future of the workforce from the best programs in higher education,” Lampf said.
“Furthermore, methods of qualification have been eroded, replaced with faceless competency tests and résumé readers that hardly convey the true measure of potential in a candidate.”
Lampf said students no longer want to wait until summer to enter the working world through a summer internship.
“Our clients can expect a working engagement unlike no other — a modern approach to the recruitment problem and the holy grail of qualification: actual work opportunities,” he said.
Hire Degree’s present and future
Lampf said the company has launched its website and tightened up its finances.
“We are not generating revenue yet but intend to complete our proof-of-concept phase before moving on to payment processing,” Lampf said.
“We need individuals competent in platform development, both app and website, for marketplace platforms to help bolster our design and smooth out our procurement processes. Our next big task will be to create a system capable of handling and distributing wages.”
Praise for the Shoebox
“The Shoebox has been a one-stop-shop for ideation, capital and human resources, and learning opportunities. We support one another, provide critical feedback and lend a hand when we can,” Lampf said.
“I’ve been on countless calls with other student founders during which I am helping consult on their business plan or, conversely, am being directed to some person or resource who knows exactly the answer to the question I’m asking. It’s an assuring feeling knowing there’s somewhat of a home base — or a safety net, if you will — to return to when the pursuit of your vision becomes cloudy, under scrutiny or just in need of some critical feedback.”
Student startups can apply for 24/7 access to the Shoebox’s office space, which is located in the Shoemaker Innovation Center, Luddy Hall 2150. The Shoebox also collaborates with the Hoosier Hatchery pre-incubator at the Kelley School of Business, as well as Bloomington’s Dimension Mill startup accelerator. To apply for coworking space, write to luddysic@indiana.edu.
We’re celebrating Indiana University student innovators and entrepreneurs who are clients of the Shoebox, the university’s student-startup incubator. Located in the Shoemaker Innovation Center in Luddy Hall on the Bloomington campus, the Shoebox provides 24/7 office space to help student entrepreneurs build, launch and sustain their businesses.
Meet Elevate
Elevate was founded by Madeline Athanasiou of Basking Ridge, New Jersey, a sophomore in the Kelley School of Business; Casey Curtis of Los Angeles, a sophomore in the Kelley School of Business; Casey Daleiden of Arlington Heights, Illinois, a junior in the Luddy School of Informatics, Computing and Engineering; and Sophia Schmidt of Dallas, a junior in the Kelley School of Business.
The company developed a hardware-software duo to help keep elevators more efficient and hygienic. Its clients include property managers whose buildings have at least one active elevator. Curtis said all elevators run the risk of being inefficient and unsanitary.
“The surface of elevator buttons serves as a Petri dish for bacteria. Amidst a pandemic, the concept of thousands of people touching the same surface is unappealing,” Curtis said.
“Additionally, elevator wait times can cause great inconveniences by creating disruptions of three to even 10 minutes. Think of a university student rushing to get to class from the top floor of their dormitory, or an ER nurse bringing a patient to an operating room for emergency surgery.”
Athanasiou said the Elevate software-hardware duo eliminates elevator wait time and makes using the elevator a hands-free process.
“The app allows users to call elevators from their phone to any floor in a building at any time, minimizing wait time and maximizing efficiency. This ensures seamless elevator usage and predictable wait times,” Athanasiou said.
“Our software and hardware allow Elevate clients to activate elevator buttons simply by pressing floor buttons on their phones. Buildings employing our technology could see decreased risk of spreading disease because of this hands-free technology.”
Elevate’s present and future
In the Fall 2020 semester, Elevate won the Cheng Wu Shoebox Scholarship, which supports the development of a technological innovation through university resources. The company earned $1,000 as a result. It also built its MVP, or minimally viable product, in the fall 2020 semester.
“Winning the Cheng Wu Shoebox Scholarship was a great source of validation at the end of the semester, and we are excited to allocate the funds according to our needs,” Daleiden said.
“Our MVP was built in collaboration with the Indiana IoT Lab in Fishers. It has been a wonderful experience working with professional engineers. It has allowed us to work with more complex systems such as motors, 3D printers and laser cutters. We feel prepared to take the next steps with our MVP as we enter the spring 2021 semester.”
Elevate’s next steps include testing the app and creating iterations. Simultaneously, the company will incorporate, bring in investors, and scale its client base through marketing and sales activity.
“By the end of 2021, we hope to have Elevate in a variety of residential and commercial buildings throughout the nation,” Schmidt said. “We are in the early stages of discussing implementation with commercial real estate companies.”
Praise for the Shoebox
“The Shoebox has given us every and any tool we could possibly need to build our product. As our team did not have a skilled electrical engineer, the Shoebox provided us with a mentor who connected us with the Indiana IoT Lab, whom we have now collaborated with to get the product built. We have had mentoring sessions with lawyers, entrepreneurs, investors and engineers whom we would not have been able to speak with had it not been for the Shoebox setting up those relationships,” Curtis said.
“Along with that, the community in the Shoebox is very special, as we are all in a unique circumstance. It is not normal to try and start a technology company as a student in college, so to have other like-minded students and advisors who understand us is a really important part of our support and growth.”
Student startups can apply for 24/7 access to the Shoebox’s office space, which is located in the Shoemaker Innovation Center, Luddy Hall 2150. The Shoebox also collaborates with the Hoosier Hatchery pre-incubator at the Kelley School of Business, as well as Bloomington’s Dimension Mill startup accelerator. To apply for coworking space, write to luddysic@indiana.edu.
Adam Silver, commissioner of the National Basketball Association, will speak at the Economic Club of Indiana‘s luncheon Thursday, Feb. 11. The luncheon will begin at noon. It will take place at the Indiana Convention Center, 100 S. Capitol Ave., Indianapolis.
Tickets for members of the Economic Club of Indiana are $30; tickets for nonmembers are $35. They can be purchased online.
Indiana University and IUPUI are platinum sponsors of the Economic Club of Indiana’s luncheon series.
