On, May 14, 2013 , at 6:00 PM The MIT Enterprise Forum Great Lakes will welcome Don Baker Jr., a co-founder of Safford & Baker, a law firm specializing in early stage technology companies, and has founded Science Commercialization Ventures, through which he makes early stage investments in technologies emerging from university and federal laboratories. Don will present a tool entitled a Capital Fundraising Plan through which companies may assess and plan their milestones, fundraising rounds, valuation and equity stock dilution along the path to growth. Register here: https://alum.mit.edu/smarTrans/register-login.vm?eventID=70041&groupID=597
MIT Enterprise Forum and SAE Automotive Innovation Competition
The vehicle industry has had a long development process for new innovations often implemented in accelerated manner only through pressure from regulatory agencies.
It currently is under tremendous pressure from a fuel economy and emissions standpoint, combined with major changes in product mix and external economic pressures on financing.
At the same time, new inventors and innovative young companies are having a difficult time getting the attention of the Tier 1 and OE engineering community in order to communicate the value of their products and services.
2011 Winners of $50,000 Commercial Acceleration Services:
Dynamic Intelligent Solutions www.dynamic3dmeasure.com
developed an innovative, patent-pending process called ChamberCam that measures the dimensional stability of components under extreme climatic conditions to improve efficiency, time and cost.
MagWerks LED - energy efficient and environmentally benign solutions in LED headlamp and fog light designs.
2011 Finalists:
Inphodrive LTD www.drivesynphony.com Innovative solutions that combine its proprietary algorithms with advanced technologies for speech analysis and replication to give drivers access to information and controls through voice activation and vocal interface.
International Metals & Energy Technology - www.autogreenpower.com developed a retrofit diesel particulate filter system that traps all diesel particulate matter from exhaust gases and periodically regenerates the filter using fuel-borne and engine-oil-borne catalysts.
Quantum Signal www.quantumsignal.com developed an innovative, forward-looking, monocular-based vision system for automotive safety, navigation and related applications.
The finalist presented to a panel of Executive judges from Ford, General Motors Company and TARDEC (Defense vehicle research).
Awards included commercialization consulting time with AutoTech and Technology Highway, including an opportunity to present to several target customers.
Our corporate sponsors are AVL and GM and OESA/MEMA.
2010 Winners:
Infinite Corridor Technology www.ict-flex.com
Three dimensional circuit board substrates for improved reliability and cost efficiency
Thunder Composite Technologies www.thundercomposite.com
Lightweight composite leafsprings for truck suspensions
2010 Finalists:
Clean World Fuels www.cleanworldfuels.com
Hydrogen Generation for improved Diesel mileage and emissions in fleet vehicles
ETC - Reduction of frictional/cogging torque to improve engine and motor efficiency
Hydracharge www.hydracharge.com
Cost-effective hydraulic engine boosting
Our corporate sponsors: AVL and GM and OESA/MEMA.
2009 Winners:
ACP Process - A holistic product design development method based on CAE, which provides the optimal design solution to significantly reduce cost and time to market. http://www.eta.com/
Clean Energy Innovations - A proprietary process for the enhancement of the rechargeable batteries, that leads to a very substantial increase in the amount of energy that can be extracted from any given battery.
TouchSensor - A patented, solid-state, software free, all digital switch that is revolutionizing both the vehicle's interior designs and HMI capabilities. http://www.touchsensor.com
2008 Winner:
First Place
Innovate! Technology (now called EmiSense)
http://www.emisense.com/
SAE and MIT EF want to thank the terrific applicant innovators and the great volunteers to help launch this first professionally screened and coached innovator program to help the Automotive Industry. We encourage rapid collaboration and success for each for all participants.
We really appreciate AVL, GM, and AutoTech, OESA, Quinn Law Group, Eisbrenner PR, ConveneWeb, and Technology Highway for their great support and sponsorship of the 2011 event. Send any updates to mitgreatlakes@gmail.com .
Applications deadline is now January 20, 2013 at 8PM ET.
Event Application Information
MIT Enterprise Forum of the Great Lakes shares the best programs with leading world class education on best practices on innovation commercialization acceleration and improving returns on high growth technology investment while reducing risks.
Meet great contacts to support your innovation and business plan success. Get the latest information by subscribing to the MIT EF mailing list.
http://mailman.mit.edu/mailman/listinfo/efgreatlakes
Have an article or story about what is working for your technology company, then please email to:
mitefgl@gmail.com
We are starting up a three times per year newsletter to share entrepreneurial successes in the Michigan, NW Ohio, and W Ontario great lakes technology region.
The MIT Enterprise Forum of the Great Lakes would like to thank these leading sponsors. They are investing in this region's growth entrepreneurs and provide important critical services and collaboration. These Gold MIT Enterprise Forum sponsors offer specialized services to MITEF members and friends:
Quinn Law Group: A leading innovation patent attorney firm for Great Lakes region startups and innovative growth companies.
http://www.quinnlawgroup.com
Safford and Baker, PLLC: Business, corporate and venture law firm including finance transactions and commercial litigation.
http:/www.saffordbaker.com
Our chapter appreciates past corporate sponsors for their generous support. We encourage new sponsors to contact us at info@mitgreatlakes.org to learn more about sponsorship options.
Over $1 Trillion Annual Sales By MIT Entrepreneurial Eco-System
Kauffman and MIT team up to research the economic impact of MIT entrepreneurial eco-system.
New innovations, new wealth creation and new approaches to help society are part of the MIT DNA.
The MIT Enterprise Forum is happy to share this executive summary of the research. Include an interesting story about A123 Batteries, the new parent company of the local successful startup TJ Technologies.
Let us know your thoughts on how we can continue to help improve our regional entrepreneurial eco-system in Michigan, SW Ontario and Northern Ohio at mitefgl@gmail.com
MIT Entrepreneurial EcoSystem Impact Summary
With a prestigious grant from the Massachusetts Institute of Technology, a team of students at Williamston High School in Williamston has been working on an invention that they hope will prevent drownings in the Great Lakes.
In the process, they're also learning about engineering and business.
The road from MIT to mid-Michigan was paved in 2003 with a pilot program designed to foster a passion for innovation in high school students. The Lemelson-MIT InvenTeam Initiative has grown to now hand out $10,000 grants to 16 high schools across the U.S. every year. Williamston High is the only school in Michigan to earn one of the grants this year, for a student project called the Offshore Rip Current Alert, or ORCA, system.
Full article:
http://www.freep.com/apps/pbcs.dll/article?AID=2012203250502
Chapter Newsletter
Read the latest issue of CURRENT - the newsletter of the Great Lakes Chapter of the MIT Enterprise Forum featuring articles and reports relevent to entrepreneurs, links to area resources, and local high-tech entrepreneurial success stories.
