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Technology

Seed funding falling short: BioCrossroads to offer $6 million less than originally hoped

It's the Catch-22 of entrepreneurship. Attracting investment money is most difficult during the earliest days, exactly when startups need it most. BioCrossroads hopes to break that tricky cycle with its new $4 million seed-stage venture capital fund, Indiana Seed Fund I. But when fund raising was launched last year, the life sciences initiative aimed for $10 million. At about $250,000 per deal, BioCrossroads can do up to 15 deals-or two dozen fewer than it had intended. "We would certainly have...
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State eyes inland ports to bolster TDL: 'Dry' hubs under consideration in 3 parts of the state could be boon to transportation, distribution, logistics

The construction of intermodal hubs in Indiana could add thousands of jobs to the state's transportation/distribution/logistics industry, an area targeted by officials as an economic pillar to pursue. The General Assembly gave the Indiana Ports Commission the authority two years ago to build the hubs-"dry ports" where cargo is transferred between train and truck. While the projects remain in the planning stages, supporters cite Indiana's central location as a primary factor to build the facilities. At least three locations are...
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Cable operator to battle Ma Bell for downtown customers: Bright House to roll out telephone biz late this year

Bright House Networks plans a fourthquarter launch of residential phone service via its cable television system, bringing new competition to entrenched SBC Communications and to local exchange resellers in the heart of the city. That area includes the downtown business district, where Bright House already provides cable TV and high-speed Internet. Phone service tailored for commercial use "is probably a year out," said Doug Murray, general manager of voice services in Indianapolis for the St. Petersburg-based company. Such a product...
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Purdue student plays key role in "RFID for Dummies": Book helps businesses implement logistics technology

Patrick Sweeney was the book's author. Most other books on RFID consider only the highly technical aspects of the technology, Sweeney said. "RFID for Dummies" is aimed at businesspeople charged with actually implementing the technology, or for those who determine its ROI. "This is really the first book of its kind that walks people through the logical process to deploy an RIFD system," Sweeney said. The cost of implementing RFID is based For an up-and-coming new technology like radio frequency...
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RETURN ON TECHNOLOGY: If you've got the culture, you can share knowledge online

There's a new buzzword just aching to make its way into your vocabulary. It's "distributed cognition." It means two or more heads are better than one. Nobody knows everything, so it's a good idea to hook everybody together in big webs of knowledge. For many knowledge-management vendors, it's a recycling of their sales pitches for knowledge bases and the like. The theory is that if you can get everybody busily contributing knowledge to an online location where others can use...
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IU embraces RFID education: Radio frequency identification an essential part of supply management studies

Trucks and trains have been absent from the curriculums of most kindergarten classes for years. But at Indiana University in Bloomington, the toys are proving to be a valuable teaching tool. The Supply Chain Management Academy at IU's Kelley School of Business employs the playthings to show students how radio frequency identification works. Known as RFID, the technology is expected to replace the familiar bar code. It consists of a tag imbedded with silicon chips that carry up to 96...
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Network Engineering Inc.: Computer firm remains flexible Owner says diversifying keeps company nimble

He started the original version of his business back in 1984, fresh out of college. One Internet, one dot-com boom, one Y2K and one dot-com crash later, he's still in business. Spilker is president of Network Engineering Inc., which is essentially a spin-off of his original company, Information Engineering Inc. A lifelong Indianapolis resident, he graduated from Purdue University with a degree in computer technology. As soon as he graduated, he started Information Engineering because he wanted to run things...
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Company helps keep students on course: College Network offers college-study assistance

There may be no shortcuts to a college education, but Indianapolis-based The College Network says it can offer some passing lanes for working people who want to add to their professional credentials. The College Network, 3815 River Crossing Parkway, Suite 260, is a nationwide business that publishes educational materials for adult students who want to earn an undergraduate degree, graduate degree or professional certification in their current field. TCN is not a school and does not provide degrees itself, but...
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Long commute for former Lt. Gov.: Kathy Davis to lead South Bend tech firm

Her days as lieutenant governor are finished, but it didn't take Kathy Davis long to find a new management role. She's accepted a job leading South Bend-based telecommunications connectivity provider Global Access Point. "After we lost [the election] and I knew I'd be looking for a job, I thought it would be ideal if I could find some entrepreneur who was very technical and needed some help on the management side," Davis said. "Then I was fortunate that opportunity came...
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NOTIONS: Lessons on life, love and work from a sister CEO

The crowd gathered early for the IPL 500 Festival Parade. Moms and dads, grandparents and kids, neighbors and friends came by the thousands to hear the oompah-pah of the bands, see Hollywood stars and cheer the 33 drivers competing in the next day's Indianapolis 500. Walking through the throng, I spied the street preachers. Each had staked out a strategic spot, capitalizing on the closed avenues to stand mid-intersection and deliver The Word. One preacher waved a sign warning happy...
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