In his five years as executive director of the United Nations World Food Programme, Jim Morris saw global
hunger from an uncomfortably close vantage point.
So, one might expect him to criticize the idea of turning corn and soybeans into alternative…
Some high-tech companies are so risky that even venture capitalists quiver. That’s when they turn to angels, who aren’t afraid to fly to the rescue of cash-strapped innovators with chancy yet possibly lucrative ideas. Last year, two dozen of central Indiana’s most successful business veterans decided to intercede on behalf of Hoosier entrepreneurs. They formed HALO Capital Group, a network of angel investors who seek to speculate on promising Indiana startups. Every other month, the HALO group meets at a…
Four years ago, attorney Greg Maurer decided he wanted to try his hand at venture capital. So he began calling everyone he knew in Indianapolis for help. It took several years. But eventually, Maurer attracted a team of experienced venture managers to his side. He also assembled two expert boards: one filled with scientists to help analyze the technical side of new business plans, and another composed of veteran investors to consider their market potential. Maurer, 31, is the son…
Leadership has its rewards Health info exchange is exhibit A Being the best isn’t everything, but it goes a long way when you’re trying to attract money and expertise. That’s why it’s significant that the Indiana Health Information Exchange is taking its show on the road. As IBJ reporter J.K. Wall reported last week, those who oversee the platform for sharing patient records and test results electronically are preparing to make it available in other states. Hospitals and physicians in…
As I write this, I’m learning to use my new Microsoft Office 2007. I’m finding out that having Office 2007 is kind of like being the first guy in town with a fax machine; it’s shiny, exciting, hard to use, and it can’t be shared with anybody else. There are several problems with Office 2007, but one of the most irritating is the new file format. Word documents, for example, used to have a .doc extension, and most sentient beings…
Like most of the rest of the sporting world and to some extent beyond, I had awakened on that Sunday morning to the delightful news that, overnight in faraway Japan, Patrick had broken through to secure her first Indy Racing League victory in 50 tries. She now is something more than a pretty face and, to some, a sexual object who also just happened to drive race cars. She is a champion. Now this isn’t, as one gearhead suggested, along…
A weak dollar. Lost jobs. Liquidity challenges. These and other perceived barriers tend to unfortunately mute short-term considerations for Indiana businesses thinking about international expansion. The reality? Globalization of U.S. businesses is alive and well, and proceeding at a breakneck pace. In fact, America and the world remain embroiled in likely the greatest commercial transformation since the Industrial Revolution with the full integration of U.S. markets in an open era of innovation and productivity. How does this play out in…
Economists call it a “virtuous cycle” when successful entrepreneurs plow their gains into new businesses. Jim Pearson calls
it another day on the job. The former Suros Surgical Systems Inc. CEO is attempting to repeat what he already has done: Build
a company to bring a promising medical device all the way from the drawing board to the market.
Less than a week after ATA Airlines Inc. filed for bankruptcy and shut down April 3, Barbara Greene, a 24-year employee, was feeling good about finding a new job. The 52-year-old former government affairs worker coordinated the issuance of permits planes needed for landing in or flying over other countries. Her years with the airline included work with international agencies and travel to foreign locales. She credits her positive outlook to the help she’s receiving from a WorkOne training center…
The computer and information technology department where I teach part time has been experiencing dropping enrollment for a long time now, ever since the dotbomb. It’s hardly alone, though, as just about every computer science and technology school in the country has seen enrollment leak away. Our students have supposedly been frightened off by myths about offshoring and employment gluts. Apparently, they hadn’t heard the anguished moans from IT managers nationwide as they hunt in vain for employees. Gartner (www….
Ask Cathy Molchan the cost of installing the electronic medical record system in a doctor’s office she administers, and she gives a clear, quantified answer: $80,000. Ask her whether the system saves the practice any money, and her answer is less concrete. “It can definitely save money because of the time savings,” said Molchan, practice administrator for Dr. Leo Bonaventura, an infertility specialist at Clarian North Medical Center. “You can actually be focused more on what you need to do,…
The intensity of the Democratic presidential contest is propelling expectations that Indiana primary voters will influence the selection of the Democratic presidential nominee. The question is, will Indiana conduct a fair election? Elections are the heart of democracy and the instrument for the people to choose leaders and hold them accountable. The validity of the elected depends upon the integrity of the voting process. If elections lack integrity, the entire democratic system is at risk. Since 2000, polls have consistently…
The Indy Racing League was the first North American race series to use an alternative fuel to power its cars. Now it appears NASCAR might follow suit-news that has the attention of race fans and sponsors alike. “We’re looking at eight or nine different alternative fuels,” said Andrew Giangola, NASCAR director of business communication. “Ethanol is one of the alternatives we’re looking at.” NASCAR has put no timetable on adopting an alternative fuel. Because the league switched from leaded, petroleum-based…
The state’s largest beer and wine distributor is considering a long-abandoned drive-in theater in Lawrence for a new headquarters.
Monarch Beverage Co. has outgrown its home along Interstate 465 just east of the airport and has been looking for a place
to move for a year.
College entrepreneurs in Indiana are sharpening their business plans and practicing their pitches in hopes of convincing experts-the possibly funders-that they’ve come up with the next big idea. The venue: the increasingly highstakes competitions that universities here and elsewhere sponsor to give them practice selling themselves and their ideas. Success can come with more than bragging rights, since judges often include venture capitalists who can help transform finalists’ dreams into reality. “I can’t imagine a better way to train for…
I’ve been looking over some business polls from 2007 and 2008, and I have to tell you I’m disappointed. As a technology columnist, I’d hoped that companies would be perpetually lathered over all sorts of thorny technical issues that only new purchases could solve and that I could critique. Silly me. But still, I went into the exercise with high hopes. After all, isn’t every aspect of a business permeated by breakable, worrisome technology of all kinds? And doesn’t every…
Most free-lance writers eke out a living. The most fortunate live comfortable lives. But Mindy Mascaro turned her freelance writing business into a thriving company. Carmel-based ExaroMed LLC is now producing sales and marketing content for the like of Roche Diagnostics, Eli Lilly and Co. and Amgen Inc. It has also served smaller life sciences companies such as Indigo BioSciences Inc. and Cheetah Medical Inc. The company has zoomed from six employees to 20 in the last year. It’s already…
The growing threat of terrorism-both foreign and domestic -has alerted building owners to be much more concerned about security these days in the design of new and remodeled buildings. The recent murderous university rampages at Virginia Tech and Northern Illinois, for example, have become troubling reminders that developers and other building managers must carefully examine whether their structures make it easy or hard for would-be killers. It’s impossible to design a building that is completely safe under any and all…
New Orleans and Indonesia are worlds apart, yet linked by devastation from catastrophic floodwaters and by the outpouring of empathy that has ensued. An effort launched four years ago on the campus of IUPUI to involve design students in actual construction projects is responsible for a portion of the good will. The Global Design Studio is helping to rebuild areas ravaged by Hurricane Katrina and, to a lesser extent, the tsunami. Its projects also include renovating a boarding house in…
British investor Joe Lewis (who is still a billionaire, although after you find out what happened to him, you will wonder how he has any money left) started buying stock in Bear Stearns back in August when it fell to $120 a share. When the stock fell to $110 in October, he bought more, to the tune of $300 million. In November, Bear fell to about $90, and Joe was at it again. All told, he bought $1 billion of…
