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Technology

Two Indiana startups chosen to compete nationally:

Two 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,...
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Center offers businesses a challenging experience: Year-old school program adds corporate component to build community awareness and financial support

Simulating 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...
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Web demand by the disabled likely to increase: Accessibility rally aims to boost Internet access

There 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...
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VOICES FROM THE INDUSTRY: Protecting property rights means thinking globally Effect on Indiana business Taking action

Last 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...
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As market correction plays out, good buys remain INVESTING Keenan Hauke:

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...
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WIP Downtown: Salon combines talented stylist, savvy tech guy 40 percent of appointments are made online

You 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...
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Cook treading into new territory: Bloomington medical firm makes move toward untapped stent market

Cook 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...
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Profit 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

A 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...
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Tough losses hit Powerway: Software firm cuts workers, CEO resigns after General Motors terminates contract

Its 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...
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Incubator lures biotech upstart: Fish vaccine biz hoping to land on canal

Hatching 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...
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