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Technology
Rose-Hulman aims for education, not incubation: Michigan-based EDF Ventures takes lead of Indiana Future Fund-backed partnership
REI Ventures
May 9, 2005
Peter SchnitzlerThe name is unchanged, but under Jack Midgley education comes first at Rose-Hulman Ventures. Business incubation is a distant
second. And speculation on high-tech startups is outside the university's core mission. "The function of Ventures is education,
because the function of Rose-Hulman is the education of engineers," said Midgley, Rose-Hulman Institute of Technology's embattled
president. "Ventures is not a separate entity. It's part of the undergraduate program at Rose-Hulman, like the math department
or the mechanical engineering department." Named president...
MoreLocal company launches technical think tank: Wolf Technical Services seeks broader customer base
May 2, 2005
Anthony SchoettleA low-profile Indianapolis research firm is emerging from the shadows to raise its profile and grab more business. Wolf Technical
Services Inc., which until earlier this year had focused on forensic studies and accident re-creation, enlisted former University
of Indianapolis President Ben Lantz last year to launch a new division that is winning contracts that focus on the future
rather than re-creating the past. Already, Wolf's new division to develop problem-solving technology has done work for IndyGo,
Riley Hospital for...
MoreForums seek out diamonds in rough: Future Fund events link VCs with entrepreneurs
May 2, 2005
Scott OlsonWith $15 million to plow into early-stage companies, Indianapolis-based Pearl Street Venture Funds is one of several venture
capital firms searching for promising technologies to fortify with a cash infusion. In return, the investors hope to stumble
upon the next Eli Lilly and Co., or at the very least, an enterprise that eventually becomes profitable and attractive enough
for acquisition. The process of locating such diamonds in the rough, however, can be arduous and time-consuming. To that end,
the Indiana...
MoreSales, new spec space in the cards at Intech: Intech One and Two likely to fetch top dollar, draw national interest, investment
broker says
May 2, 2005
Tammy LieberTwo years ago, Lauth Property Group Inc.'s Intech Park was arguably the most prominent sign of central Indiana's soft office
market. The northwest-side park's largest buildings, Intech One and Two, had entire floors vacant and awaiting completion.
Acterna LLC was pulling out of its 140,000-square-foot building, a retreat symbolic of the technology bust's effect on the
larger suburban office market. Today, helped by a robust investment market and Intech's recent state designation as a certified
technology park, Lauth hopes the...
MoreAccepting a Grand Challenge: Jones' robotic startup aims at military market
May 2, 2005
Peter SchnitzlerWithin the next 10 years, the U.S. Department of Defense hopes to fully automate a third of its ground vehicles. Indianapolis-based
high-tech entrepreneur Scott Jones has plans to one day sell the robot pilots the military needs to accomplish that mission.
But before he can build a business capable of attracting serious venture capital, he has to build a robot that can drive a
Jeep Rubicon across 175 miles of the Mojave Desert in less than 10 hours. And he...
MoreMore than money: Inception puts emphasis on nurturing fledgling firms
May 2, 2005
Scott OlsonIf money can't buy love, as the Beatles sang 40 years ago, neither can it make a startup company prosperous. While David Becker
and David Doyle are no John Lennon or Paul McCartney, their wisdom certainly makes sense for locally based Inception LLC.
That's the consultancy, incubator and venture capital firm they founded in November 2000. "Entrepreneurs always think that,
if they had money, they would be successful [right away]," Doyle said. "That's not always the case. There are very...
MoreState should target schools, not tourism EYE ON THE PIE Morton Marcus ______:
May 2, 2005
Our dear friends in the Indiana General Assembly continue to support the idea that tourism should be a state-subsidized industry.
It is bad enough that we subsidize biotechnology and the Indianapolis Colts, even though we would object if any of the Colts
used some of that good biotech to enhance performance. The first problem with tourism is that it creates very few well-paid
jobs. Most jobs in tourism make our workers servants to other people who leave their towels on...
MoreGIZMOS: Flat-panel monitors: not all they're cracked up to be
May 2, 2005
Tim AltomI've discovered something really unexpected on my desk lately: a surface. After years of having monitors the size of packing
crates looming over my desk, I now have two flatpanel monitors that actually take up less surface space together than one
of the old CRT (cathode ray tube) monitors. The new LCD (liquid crystal display) flat panels are sleek, black, digital and
much brighter than the old putty-colored CRTs that now seem so dreadfully old-fashioned. A flat-panel 19-inch monitor can...
MoreIU planning logistics center: University seeks funds for facility to provide services to TDL industry
May 2, 2005
Chris O\'malleyIndiana University officials say they're shopping for a site near the airport or in Plainfield for a laboratory to help grow
the state's transportation-distribution-logistics industry-known as TDL. The IU Supply Chain Control Center would evaluate
for companies the feasibility and cost benefits of new technologies that could be used to improve sourcing, production and
product distribution. The service would be provided at no or little cost. But the center faces a logistics challenge of its
own-a delivery of cash. IU...
MoreHealth builders thinking small: Local hospital development in for change
April 25, 2005
Tom MurphyJust north of Indianapolis, Clarian Health Partners plans to open a 170-bed hospital this December, a suburban complement
to the 76-bed hospital it opened last December in Avon. To the south, St. Francis Hospital and Health Centers unveiled a heart
center in March, counterbalancing the two stand-alone heart hospitals that sprang up on the north side a few years ago. These
projects offer a snapshot of how health care development has progressed over the past few years in central Indiana....
MoreState awaits Crane's fate: Indiana tech promoters hope feds will expand naval base
April 25, 2005
Peter SchnitzlerIn just a few weeks, Hoosiers will learn whether the Navy plans to multiply southwest Indiana's economic development prospects,
or mothball its Crane base, the region's primary high-tech asset. The latter scenario would not only devastate the region;
it would seriously set back statewide efforts to modernize Indiana's economy. "If Indiana were in a position where we were
a recognized technology leader, the loss of that one asset might not loom as large," said Central Indiana Corporate Partnership
Vice President...
MoreTwo Indiana startups chosen to compete nationally:
April 18, 2005
Tracy DonhardtTwo of the eight finalists that will participate in a national competition of bioscience startup companies at Purdue University
are from Indiana. Omni Spray and QuadraSpec will compete in the third annual Purdue University Life Sciences Business Plan
Competition against companies affiliated with several renowned universities, including Columbia University, Harvard University,
Massachusetts Institute of Technology and Johns Hopkins University. The companies will present business plans for bringing
their products to market and be judged by a panel of venture capitalists,...
MoreCenter offers businesses a challenging experience: Year-old school program adds corporate component to build community awareness
and financial support
April 18, 2005
Ethan BartanenSimulating the events of a real-life space mission is not just child's play anymore. Decatur Township Schools' Indianapolis
Challenger Learning Center now allows area businesses to participate, too. The center, in Ameriplex Business Park, has been
hosting field trips and summer camps for children for about a year. An adult program lifted off last fall. "We do not just
want to do school-oriented projects," said Director Gary Pellico. "We want to be a part of this community and we are...
MoreWeb demand by the disabled likely to increase: Accessibility rally aims to boost Internet access
April 18, 2005
Peter SchnitzlerThere are 54 million Americans living with disabilities. Apparently, most U.S. businesses don't want their e-commerce. Right
now, universal Internet accessibility is a distant dream for the blind, deaf, handicapped and otherwise-disabled. According
to local assistive-technology provider Attain Inc., less than 10 percent of Web sites are built with their needs in mind.
But Attain is hoping to help change that. On June 11, Attain will stage a local "Accessibility Internet Rally" in conjunction
with the national event's original organizers...
MoreVOICES FROM THE INDUSTRY: Protecting property rights means thinking globally Effect on Indiana business Taking action
April 18, 2005
Thomas LaddLast month, 10 members of the U.S. House of Representatives asked the Bush administration to initiate trade disputes before
the World Trade Organization and to identify nations that don't protect intellectual property rights under U.S. trade law.
The Representa tives pointed to a number of countries-Brazil, China, Pakistan, Russia and Thailand-that have been identified
in the "National Trade Estimate Report on Foreign Trade Barriers" as having poor enforcement of trademarks and copyrights.
While the lawmakers' concerns are valid, the expression...
MoreAs market correction plays out, good buys remain INVESTING Keenan Hauke:
April 18, 2005
It's week five of the correction that began in early March. Major market indexes have declined anywhere from 3 percent to
8 percent, and the selling may not be over. Does it matter? Is this simply another minor setback on the march to new highs?
It definitely matters. As I've said since January, the bull market that began in March 2003 has now changed so that you can't
depend on the broad rising tide to bail you out. Micro-cap-size companies...
MoreWIP Downtown: Salon combines talented stylist, savvy tech guy 40 percent of appointments are made online
April 18, 2005
Susan RaccoliYou won't find People magazine in the waiting room at the WIP Downtown hair salon. "That magazine just encourages gossip,"
explained co-owner Jeff Demaree. Contrary to the stereotype of hairdresser as therapist, Demaree wants his staff "to avoid
discussing personal problems with customers because it makes the atmosphere more stressful." Instead, Jeff and his wife, co-owner
Kimberly Demaree, suggest discussing current events, politics-if they know they agree with the customer-TV, or recent WIP
accomplishments such as photo shoots. "We want...
MoreCook treading into new territory: Bloomington medical firm makes move toward untapped stent market
April 11, 2005
Tom MurphyCook Inc. plans to slide its coated-stent ambitions from the heart down to another region of the body where a multimillion-dollar
market awaits. The Bloomington-based medical-device maker recently started testing a product that uses the same drug Cook
put on a coronary stent it tried to develop a couple of years ago with Guidant Corp. Instead of treating arteries near the
heart, the Zilver PTX stent targets blockages in the major artery that runs through the thigh. Cook is the...
MoreProfit potential drives car dealers to risky end of market: Collecting on high-interest, buy-here-pay-here loans requires
adept, relentless managers to succeed Management-intensive
April 11, 2005
Chris O\'malleyA handful of the city's new-car dealers are cautiously backing into the buy-herepay-here lot, a risky but potentially lucrative
used-car business long the bastion of neighborhood lots and chains such as J.D. Byrider Systems. The allure of making in-house
loans is interest rates that can top 21 percent and profit margins that can be 10 times higher than peddling fresh metal.
While rebates on new cars come and go and make for volatile sales, the poor and those with credit...
MoreTough losses hit Powerway: Software firm cuts workers, CEO resigns after General Motors terminates contract
April 11, 2005
Peter SchnitzlerIts software was supposed to become the American auto industry's standard. Instead, Powerway Inc. finds itself scrambling
once again to recover from a sudden reversal of fortune. Detroit-based General Motors Corp. has terminated its 2-1/2-year-old
agreement to implement Powerway's quality-control software throughout its supply chain. As a result, Powerway's CEO Theodore
Wozniak has stepped down and the company has fired a quarter of its work force. "It's frustrating and disappointing that,
under such great financial pressure, the American-based manufacturers are...
MoreIncubator lures biotech upstart: Fish vaccine biz hoping to land on canal
April 4, 2005
Peter SchnitzlerHatching new businesses is getting to be routine for Indiana University. So it was easy for Richard Wagner to contemplate
moving his biotech startup from Columbus, Ohio, into IU's 2-year-old business incubator on the Central Canal. "It's an excellent
facility. Every time I go up, I'm more and more impressed with it," Wagner said. "They put a lot of thought into designing
it to meet the needs of life science and biotechnology research." Wagner, who holds a doctorate in plant...
MoreLittle jets get the test in Indiana: New aircraft could help small airports shave costs
April 4, 2005
Chris O\'malleyA top Indiana economist will study whether an emerging class of aircraft known as "very light jets" could fuel an economic
boom, especially in the state's smaller, more isolated communities. Morton J. Marcus, director emeritus of the Indiana Business
Research Center at Indiana University, will gauge the potential impact of VLJs in six communities, including Mount Comfort
Airport in Hancock County. Several aircraft makers next year plan to launch the diminutive jets, which can whisk up to six
people as...
MoreAppnuity LLC: IT firm targets small businesses, not-for-profits Web-hosted services one of the company's fastest-growing areas
April 4, 2005
Della PachecoAppnuity founders David Eckel and Mark Castelli started their information technology business in 1999 specifically to serve
this client base. They provide a wide array of personal-computer network solutions, Web site application development, Web-hosted
services and structured cabling, which is determining the type of cabling needed to support current and future technology
needs. The partners' skills complement each other. Eckel, 33, who is president and CEO, has experience as a network technician
and sales consultant. Castelli, 34, is Appnuity's vice...
MoreVOICES FROM THE INDUSTRY Don Altemeyer: Let's rebuild Indiana's rep as construction powerhouse A well-paying career More research
A lesson from hoops
March 28, 2005
VOICES FROM THE INDUSTRY Don Altemeyer Let's rebuild Indiana's rep as construction powerhouse A well-paying career More research
A lesson from hoops We could wear out our hands clapping like Gene Hackman's Hoosiers, and it's not going to change the fact
that basketball in Indiana this year has been nothing short of unremarkable. Despite the state's long-standing reputation
as a basketball powerhouse, it's the other teams playing in our arenas that are making history. There's a similar story taking
place,...
MoreMillion dollar baby: Hospital reaps benefits of caring for high-profile boy A public relations jackpot
March 28, 2005
Tom MurphyThe Afghan boy may have arrived last month at Riley Hospital for Children with heart trouble and a need for complicated surgery.
But behind those soft, brown eyes and that adorable smile lies a 12-cylinder marketing engine. A sample of the 15-month-old's
power: Qudrat's often-reported story created at least $1 million in free media for Riley, according to hospital officials.
That's 10 times the amount Riley spends on print or broadcast advertising in a year. He could be responsible for...
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Who makes Tater Tots? They would be a good sponsor, because $3 Million for the alleged "Greatest Spectacle In Racing" is taters. Tiny, tiny taters. But at least they are making up something of the losses accumulated over the years in this dying sport. Buttock in seat is certainly not doing it, nor eyeball on TV, as evidenced by the lack of both.
We loved lakehouse and think the Arbor Village would be a great location. It is less than 2 miles from over 1000 rooftops in the 225,000 to over 1 million range. Many people could use the great fishers trail system to bike or walk there. Just an idea Scotty -- but maybe something closer to 3 Wiseman would good. The only microbrew in area is Ram (boring)
True, it's an ESPN production, but ESPN is just another name for ABC Sports, or what used to be ABC Sports since ABC Sports no longer exists as a name. ESPN=ABC Sports= ESPN. ESPN is, according to Forbes "the world's most valuable media property" worth $40 billion. Despite that, they fired 400 people this week.
The Prestige was a great flick.
Larry - even though the race is on ABC, ESPN does all of the work, so that is why ESPN is mentioned. Most sports on ABC are called something like "ESPN on ABC."