Newsletter May 2012

Join The Trek!  The 10th annual Wisconsin Entrepreneurs' Conference 
 
The 10th annual
is one of the Midwest's premiere networking and educational events for entrepreneurs. It will be held at the Pfister Hotel in Milwaukee June 5-6, with business leaders, investors and others making connections as they learn how to crack into today's emerging markets and prospect angel investors.
 
BizStarts will have a track the first day called "Let's Get Bizzy: How to Work with BizStarts" at 1:45pm - come and see us!  The conference agenda also will help you find resources, develop efficiencies, understand intellectual property and tax credits.  Speakers include:
  • Julie Wainwright, former CEO of Pets.com; founder/CEO of TheRealReal.com
  • Dave Berkus, founder and president of Berkus Technology Ventures
  • Bob Dorf, co-author of The Startup Owner's Manual: The Step by Step Guide for Building a Great Company

Find out more and register here!

 

Students awarded over $15,000 at BizStarts' Collegiate Business Plan Competition & Networking Event
BizStarts logo with URL
2012 Collegiate Business Plan Competition 1st place winners with BizStarts Milwaukee co-founders Dan Steininger and John Torinus

 

On April 26th, it was "A Sneak Peek At The Successful Business Entrepreneurs of Tomorrow" at the BizStarts Collegiate Business Plan Competition & Networking Event. Co-Founder Dan Steininger reminded us that now, college graduates shouldn't "go out and get a job, they must create a job" and that 1,900 colleges and universities have included entrepreneurship in their curriculums.  He added, "If the role of a college is to prepare you for life, you need to learn the skills of an entrepreneur, to know how to start companies."
 
Sponsored with the generosity of Mason Wells and major help from We Energies, the 2012 BizStarts Business Plan Competition at MSOE's Todd Wehr Conference Center recognized six student finalists for their excellence in business and creative innovation.
 
Joseph Scanlan and Ryan Boyd from UW-Whitewater founded Scanalytics, Inc. and won the $5,000 First Prize. Zach Brandon from the Wisconsin Angels Network announced that they will compete as finalists in the Governor's Business Plan Contest, which is part of the Wisconsin Entrepreneurs Conference June 5-6. 
Scanalytics is an information services provider that has designed pressure-sensitive mats in conjunction with developing a software application to deliver data to measure and analyze customer traffic.  The trade show industry is their initial target; however, their system also has potential for various other industries, such as the retail market, sporting venues, museums and more.

 

Other finalists included Virtual Science & Safety, also from UW-Whitewater; Jellyfish Publishing and SporkWise from UW-Milwaukee; The Notebook from MSOE; and Happy Belly LLC from Alverno College.

BizStarts logo with URL
Dan Steininger with Inspirational Entrepreneur Jami Doucette, MD

BizStarts also recognized Jami Doucette, MD, MBA, President and CEO, of ModernMed as our George Dalton Inspirational Entrepreneur.  A previous Business Plan competition winner, he is a physician, entrepreneur and accomplished athlete. He launched ModernMed, a concierge health care company, to bring a better health care experience to patients, physicians and businesses.  ModernMed was purchased by Paladena Health in January of this year. His business advice is straightforward:  find a problem, find a solution, execute and exit.  See video of his presentation on our website. To find out more about Modern Med, check out www.modernmed.com.

 

BizStarts Welcomes Todd Sobotka as new Director of Venture Track

 

BizStarts is pleased to announce that Todd Sobotka has joined BizStarts as Director of Venture Track, the program within the organization that directly works with entrepreneurs.

 

Mr. Sobotka has been highly involved with early stage businesses over the past decade, including start-ups in the biotech, hi-tech, and entertainment industries. During his professional career, he has worked predominately as a management consultant and turnaround executive across multiple industries. Todd has a BBA in Accounting from UW-Milwaukee, an MBA from the University of Minnesota, and his JD from the University of Wisconsin Law School.

 

BizStarts Executive Director Eric Paulsen noted, "We're getting contacted by more entrepreuneurs than ever, and the need for Venture Track services continues to increase. Todd brings a solid management background coupled with entrepreneurial experience that we know will help boost all aspects of Venture Track. We're very excited to have him here."


"BizStarts has already proven to be a success for the Milwaukee area," Sobotka said. "We need to build on this success and take our key program, Venture Track, to the next level to best fulfill our goal of facilitating the launch of high value/high growth businesses in the region. We intend to even better combine entrepreneurs with the right mentors and management, provide guidance on the way to launch, and enhance their connection to investment and further market opportunities."

 

Milwaukee Innovation Week, June 6-11

 

Hot on the heels of the Wisconsin Entrepreneurs Conference, Milwaukee is hosting its first ever Innovation Week, from Wednesday, June 6 - Monday, June 11. Innovation Week is presented by MiKE (Innovation in Milwaukee). BizStarts is a MiKE partner, helping to develop innovative start-up companies and educate talent on entrepreneurship. 

 

Innovation Week is about exciting, interactive events hosted throughout the city, highlighting Milwaukee's vibrant businesses and local culture, all with one goal: to showcase Milwaukee as a center for innovation. Chock full of events like COMMON Pitch, Collaborative Workshop Tour Night, the Kohl's Idea Challenge and more, there will be plenty of energy throughout the city.

 

Get all of the details and events here!

 

BizStarts Success Story  

In the words of Brian Wroblewski, Founder, Golf Pipeline is the best golf website to hit the planet." Book your tee times with Golf Pipeline! In the May 16 issue of The Milwaukee Journal Sentinel, he describes it as "a convenience tool for golfers to manage their games by allowing golfers to book tee times, establish handicaps, track their scores and build a network of friends. Think of it as Facebook for golf." He goes on to describe it unique features: "Golfers book tee times and then, if they wish, invite friends to join them by selecting them, which sends a message via email. An unlimited number of friends can be invited; the first three to respond complete the foursome. Innovation is key, and we'll be consistently integrating new features that golfers love," he said. "We are powered by golfer feedback right in the site."

  

To learn more about this unique BizStarts Milwaukee success story:

Link:http://www.jsonline.com/sports/golf/golf-pipeline-links-golfers-with-courses-and-buddies-lm5e99t-151640675.html

 

 

Ugly no more: BizStarts Pitch Preview offers entrepreneurs proper pitch practice 

 

Vyacheslav Strogolov of Strong Microbials presenting at the May 23 BizStarts Pitch Preview

 

Our handy investor practice pitches, formerly called "Ugly Baby Panels", are now called the BizStarts Pitch Preview. These serve as strategic opportunities for start-ups to polish their presentation and get feedback and advice from seasoned entrepreneurs, mentors and investors in a setting designed to help them "pretty up" everything in preparation for investment and launch.

On Wednesday, May 23, BizStarts held a BizStarts Pitch Preview in its Wauwatosa headquarters, giving attendees the opportunity to view three future up-and-comers: SpeechTails, oneEvent Technologies, and Strong Microbials.

Let's take a brief look at each company:

BizStarts logo with URL Company 1: SpeechTails

 

Founders: Amy Reno, Todd Reno, Patrick Walters 

 

 

* SpeechTails is a self-directed online, web-based speech therapy and learning system providing speech assessment to children.

 

* SpeechTails has already raised $300,000 in convertible debt with a plan to raise an additional $700,000 starting in the second quarter of 2012. This round will be focused on market development and customer acquisition. 

 
* The next product release will include a proprietary speech evaluation tool being co-developed with a grant from WiSys and the University of Wisconsin System.

 

 

* A product research panel of parents, professionals, and pilot
 schools has been established to guide the future development, direction and positioning of SpeechTails and its products.

* SpeechTails provides fun and engaging online lesson plans for children as a subscription service that is affordable and convenient for parents, professionals and organizations.


* 8 million children between 2 and 8 years of age are left without adequate detection and treatment of speech issues due to resource shortages, budget cuts, high cost of serviced and limited insurance. SpeechTails provides parents, educators and speech professionals the tools necessary to assess every child by addressing speech issues in an affordable and convenient manner.

 

BizStarts logo with URL

 

Company 2: oneEvent Technologies

 

 

Founders: Shawn Guse, Dan Parent, Kurt Wedig

 

* Today's buildings burn 10 times faster because of changes in building materials and designs, but fire detection has not materially changed in over 40 years. oneEvent Technologies (OET) is revolutionizing fire detection.

* OET's first product is an internet-enabled detector that continuously streams live temperature and smoke data to the cloud where our proprietary software analyzes it for faster and more accurate fire detection. This data can be normalized for structure and geography and then trended for even more accurate detection.

* OET can share the data with fire fighters and first responders to help them do their jobs better and save more lives. This will be a first-in-class tool for emergency responders.

* The global fire detection market is over $9B and is ripe for new technology. In addition to the opportunity as a stand-alone product, OET's platform can serve as a basis for connecting many new homes to monitored services, which is significantly attractive to companies looking to expand their "connected home" offerings, including security vendors, electronic lock vendors, telecoms, and wireless equipment providers.

* OET's product will also be propelled by a sea change in the way in which 911 centers access data. Today 911 centers only take information by telephone from live callers. A pilot program just being deployed will enable 911 centers to access data automatically from security systems. OET's product will be the first available to quantify fire information to take full advantage of this change in the way emergency information is distributed.

* OET's products are protected by three pending patent applications.

* OET is lead by a highly experienced team of entrepreneurs and engineers.

 

BizStarts logo with URL

 

 

 

 

Company 3: Strong Microbials

 

Founder:

Vyacheslav Strogolov

 

 

* STRONG MICROBIALS will specialize in manufacturing private label and custom microbial products that include, but are not limited to, direct fed microbials (DFM), silage incoulants, waste treatment products, and environmental products.

 

* Blending of concentrated raw beneficial bacteria purchased from a specialty fermenter with specific carriers and/or feed based on the clients blend formulation.
 
* The products are blended and packaged onsite based on customers specifications. 

* Stringent quality control and analysis guarantee specificity of bacterial strains, as well as viability and appropriate counts. 

* Within 3-5 profitable years, an R&D department will be established for identification of novel DFM strains for agricultural use as well as silage inoculants and waste treatment. 

* Use of DFM is the perfect replacement of antibiotics used for growth promoting properties. 

* Unlike antibiotics, DFM do not exhaust their benefits to animal health, DFM do not cause resistance from known bacterial pathogens, nor do they create an antibiotic resistant microbes.
 

 

Want to find out more about these companies? Contact Fred Brooks at 414-921-0909 or fbrooks@bizstartsmilwaukee.com.

 

Launches & Investment activity in the region 
 
Latest Launches:
Congratulations to Lightweight Structures, CarCareKiosk, and Golf Pipeline, three of the newest start-ups to launch in the Milwaukee region. See our latest regional metrics here.
  
More Act 255/QNBV activity
Congratulations to Golf Pipeline and Shindig, two area start-ups that just received approval in the state's QNBV (Qualified New Business Venture) program. This means investors in these companies will receive a 25% tax credit on their amount of investment. Many more to come!

 

Other great uses of your reading time...

  

New regional goal: two startups per month

In BizStarts Chairman and Co-founder John Torinus' blog, learn more about the new regional goal of two startups per month.  Read more.

 

You Can Lern to Be The Next Steve Jobs:  Nine Ways To Become A Visonary  Read them here.

 

Why Being A Successful Entrepreneur Takes Practice

"Entrepreneurs seem more quickly frustrated these days when their "million-dollar idea" doesn't turn into a sustainable business overnight. They don't realize that it takes many skills to build a business under the best of circumstances." Read more.

 

10 Top business Models for New Ventures Today

 

Five Great things About Procrastination

Procrastinate on what you should be doing now and find out what they are.

 

10 Easy Ways to Decimate Your Google Ranking

Read more.

 

Mark Your Calendars


June 5-6: Wisconsin Entrepreneurs' Conference & Governors Business Plan Contest
Register

June 6-11: Milwaukee Innovation Week. Details
  
August 7: BizStarts Inspirational Entrepreneur Event
 
November 13: BizStarts Inspirational Entrepreneur Event

Check out our calendar for more events, workshops, and classes in the region.