The S&P 500 on June 1 set a rally high of 1,540. Now, it sits at 1,507. That’s the longest stretch of no forward progress since last summer. So, does that mean anything? There is no shortage of professionals telling us the next bear market is upon us. And with more than a few industries not participating for a while, it might seem the bears have a valid point. Before you pull out the lifeboats, though, there are a few…
Five leaders of Indiana’s life sciences industry offered their perspectives at the Indiana Convention Center June 26 as part of the Indianapolis Business Journal’s Power Breakfast Series. The panelists: Mike Arpey, managing director of global investment bank Credit Suisse’s Asset Management Division and manager of the $73 million Indiana Future Fund for BioCrossroads, the state’s life sciences economicdevelopment initiative. Ron Ellis, co-founder, president and CEO of Lafayettebased Endocyte Inc., a biotechnology company focused on the treatment of cancer through receptor-targeted…
Who asked for televisions to be installed in every restaurant in central Indiana? I’ve been to a lot of them, standing in lines, overhearing conversations with wait staff, chatting with the bartender, and never once, not a single time in my whole life, did any customer ever say anything like, “You know, what this joint really needs is a TV!” I can understand places where you’d expect to find TVs, and indeed where you go to watch TV on special…
A startup firm using Indiana University medical research to treat a fatal lung disease is raising money for clinical trials and has recruited a prominent life sciences veteran to lead the effort. Michael Klemsz, an associate professor at the IU School of Medicine, and Dr. David Wilkes, director of the school’s Center for Immunobiology, founded Immune Works LLC in January 2006 along with Ronald Meeusen. Meeusen, a former Dow-AgroSciences researcher and BioCrossroads executive, served as a part-time president and CEO…
At first thought, people might assume most attorneys have undergraduate degrees in political science or criminal justice. And while many do, those with backgrounds in engineering, chemistry, physics, and other sciences are being drawn more and more to law because of the growth of interest from businesses in intellectual property. Some IP attorneys decided to take the leap from working in the science world to the legal one, and those who did it say their time working in a lab…
Anchor Lou Dobbs of CNN is a pest to some folks and a hero for others. His recurring economic message laments a view of U.S. workers losing out as companies send jobs overseas. Dobbs’ critics, of course, cite his convenient omission of the many interna tional companies that invest in U.S. communities through new manufacturing plants, research facilities and other initiatives. Love the debate or detest it, but consider this: Hasn’t Dobbs helped stir a discussion about how the new…
Regenstrief Institute continues to fine-tune a medical-records system that many think could someday become a national model The Regenstrief Institute is a racing team. Only instead of drivers and grease monkeys, the Indianapolis-based medical research group has doctors and computer geeks. And instead of a race car, Regenstrief runs a massive computer database with 35 years of medical records from Indianapolis-area patients. But Regenstrief’s mission is still all about speed. The not-for-profit is driving to discover better ways to care…
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I thought it was a joke. You know, like, “How is a sneeze like a drum solo?” And the answer would be something like, “You know it’s going to happen, but you’re powerless to stop it.” So here it is, straight: How is business technology like the invention of electricity? But it’s not a joke. It’s an article in Slate magazine online (www.slate.com/id/2167909/). That article opens with a bit of surprising history. Electricity was widely available starting in the late…
Companies receiving a Phase 1 SBIR match from the state need to apply for second-stage funding by July 20. Applications can be downloaded on the IEDC Web site. The proposal for funds should be no longer than 12 pages and include a commercialization plan describing how the product would be moved to market and any challenges that would need to be overcome. The proposal also should include a budget describing the funds required for The Indiana Economic Development Corp. has…
When Bryan Anderson sold part of Autobase Inc. in 2004 to a venture capital firm, the owner of the marketing-software maker felt as though he had sent his unruly youngster off to boarding school to become more responsible. Three years later, after convincing results and a subsequent sale to Virginia-based Dominion Enterprises, Robinson’s offspring has turned into a much more mature and disciplined child. The financial backing of Boston-based VC firm Summit Partners and the guidance of veteran technology executive…
After years languishing as a ratings bottom feeder, WEDJ-FM 107.1 is quickly moving up the radio charts with its Hispanic format and is positioned to crack the market’s top 10 stations. Since local radio veteran Russ Dodge was hired as general manager in late April 2006, WEDJ’s rating for area listeners 12 and older has more than doubled, from 1.0 to 2.1, according to New York-based Arbitron Co. WEDJ’s morning show is ranked No. 3 with listeners ages 18 to…
It read, “The hurrier I go, the behinder I get.” That’s the way I feel about technology. For every step I take forward, I fall two behind. A couple of weeks back, my trusty home laptop computer broke down. So, nearly, did I, especially as I pitched myself into the world of repair (it could’ve been fixed, but it was price-prohibitive) and then into retail (did the salespeople notice how my eyes glazed over as they launched into their wi-fi,…
“What’s that?” she asked, looking over my shoulder as I logged into my Google account and opened my personalized page. When I told her that this was my iGoogle page, replete with all of the news, weather, stock quotes, information, blogs-everything-that I like to have at my fingertips, she was dumbstruck. “How did you get that?” she asked. I was dumbstruck, too. Is it possible that she-and, maybe, you-haven’t heard about iGoogle? Well, that changes today, and you can thank…
Beside a marble counter in the Appellate Clerk of the Courts office at the Indiana Statehouse, a one-room storage area known as “the vault” is the storehouse for paper case files. Each is bound by string and has case numbers written on an attached tag, and they only move to be carted between floors and buildings when a court needs to review a file. While the clerk creates an electronic docket at the appellate level, that system remains largely unconnected…
After unwrapping gifts on Christmas Day 2005, Colleen Fanning got something else from her dad: an offer to run the small inn he bought in 2002. Bill Fanning spent more than two years tearing down, rebuilding and expanding the Brick Street Inn, a fixture on Main Street in Zionsville. But it struggled financially after reopening in the fall of 2004, and his patience was at an end. “He told me: ‘Either I’m going to sell the inn or you can…
STARTUP MOBIUS LABS Software tester tries training, too Type of business: software testing Location: 9229 Delegates Row, Suite 290 Phone: 218-7709 E-mail: info@mobiuslabs.com Web site: www.mobiuslabs.com Founded: March 2007 Owner: Alan Wlasuk Owner’s background: Alan Wlasuk, 56, has a bachelor’s degree in math from Drexel University and a master’s in computer science from Ohio State University. About 20 years ago, the software developer founded two local enterprises for AT&T. Then 14 years ago, he created software-development firm Wlasuk, Delporte and…
Investors the world over are in an uproar about the increase in U.S. interest rates over the last month. Fundamental guys are screaming that the cost of capital is now prohibitive to further growth. Technical guys are screaming that 25- year support levels were broken and now the floodgates are open to much higher rates. Somewhere a voice of reason needs to be heard. You’ve come to the right place. The fact is that interest rates have been trending higher…
Here’s one way to send your company’s revenue through the roof: Push your product into 70 countries around the world. That’s easier said than done, of course. But it’s exactly the path Polymer Technology Systems Inc. took to help quadruple sales of its cholesterol-checking device in the last three years. How Indianapolis-based PTS pulled off the feat shows how even small companies in Middle America can become global enterprises in today’s economy. In fact, the possibility of worldwide expansion is…
I thought I’d explored just about every purpose to which computer hardware and software would lend themselves, but Neil Taflinger of Intake magazine tossed me a new one in the May 17 issue. Technology, he says, is a tool for retaining young employees. Could be, I suppose. Taflinger is one of those young employees he talks about, a real Gen X’er, so he might have some insight here. According to Taflinger, Gen X’ers partly judge any company they work for…
