Articles

Lemonade Day generates almost $812,000 in sales

The results of Scott Jones’ experiment in junior entrepreneurship are in. The “Lemonade Day” event he helped
bring to central Indiana May 2 raised $811,672 here via the sale of 545,207 glasses of lemonade.

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Indy firm launches bedsore weapon

The latest idea from Dr. James Spahn, an Indianapolis health care entrepreneur, should help hospitals and nursing homes do
a better job of preventing severe bedsores, or pressure ulcers. That’s good, because Medicare and private health insurers
increasingly won’t pay to treat them.

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Bloomington candy store eyeing ambitious expansion

After a great first few months in Bloomington, Campus Candy’s co-owners hope to replicate that success, rolling out a plan
that calls for opening 50 college-town stores
across the country in the next 18 months and a total of 125 within five years.

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In-car spy device could drive sales

Carmel-based CarCheckup LLC has created a cell-phone-size device that plugs into a car’s “OBD II” diagnostic port to track
a plethora of data, such as speed ranges, graphs of RPM, and numbers on how hard the car accelerated and braked. The company
is marketing the device to parents of teen drivers, among others.

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Entrepreneurs lose clout as VC funds get stingier

Most local venture funds are standing pat because the economy is weak and they’re no longer
in fund-raising mode. Having invested most of their funds, the firms have shifted to the nurturing, or “harvesting”
stage, to try to improve investment returns.

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