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Meeting Location:
Emerging Enterprise Center at
Foley Hoag the Bay Colony Corporate Center
1000 Winter Street, Suite 4000 (North Entrance)
Waltham, MAMeeting Time: 6:30 - 9:30 pm
Meeting Cost:
$25 public, $10 students
and active military; Promotional Registrations
Tuesday, June 21, 2011
6:30 - 9:30 PM
Location: Emerging Center at Foley Hoag the Bay Colony Corporate Center, Waltham, MARaising Money II: Government and Alternative Sources of Funding in a New Era of Fiscal Austerity
In trying to launch or grow a startup business... Do you need money but just can't find it? Where do you go to get the funding to get that critical “prototype proof-point” built when investors pretty much demand that prototype be there already in order to seriously further investment action with you?
Knowing how companies were launched, funded, and grown using alternative sources of funding, including strategic partnering, customer funded development, and government grants...without the need for VC or angel funding can be key for your own business accomplishment. Or how do you continue to fund your company’s growing customer base with working capital when the modest capital you need is not large enough for conventional capital providers or their stringent conditions deem you un-bankable?
The June 21st EntreTech Panel will focus on identifying sources of initial money from non-traditional sources when venture capital doesn’t apply, where angels won't help and friends and family are tapped out.
The panelists with experience from government, industry and entrepreneurial companies will plan to highlight how SBIRs and governmental grants, strategic partnering, corporate strategic investment, corporate venture capital, and customer funded development have been used to fund emerging and growing companies. They will review current State and Federal governmental programs and including developments in private foundations and universities.
Moderator:
Lawrence C. Grumer, Co-founder & President – Energy Harvesters LLCPanelists:
Martha C. Farmer, PhD – President and CEO, North Shore InnoVenturesLawrence S. Nannis, C.P.A. - Levine, Katz, Nannis + Solomon, P.C.
Jason D. Harry, Ph.D. - Founder and CEO of Lucidux, LLC
Robert G. Kispert - Director of Cluster Development, John Adams Innovation Insitute, division of the Massachusetts Technology Collaborative (MTC)
Moderator:
Lawrence C. Grumer – Co-founder & President – Energy Harvesters LLC, Managing Director – TAA Corp. (http://www.energyharvesters.com, http://www.taacorp.com)
Larry is an expert in the commercialization of technology. He has partnered to launch ten companies, across wireless internet, web 3.0, mobile power sources, propulsion systems, software defined test and measurement, corporate marketing, and a 30-person engineering consultancy. He is a Phase 2 proposal Grant Reviewer for the National Science Foundation.
His latest company Energy Harvesters LLC is commercializing an off-the-grid personal electronics mobile power source. The device will charge portable electronic device batteries as you walk or directly power applications such as footwear heaters and
GPS locators without the need for batteries.TAA is the management advisory and investment firm Larry formed in 1994 that commercializes and capitalizes technology for early-stage technology ventures and corporate spin-outs. He is Managing Partner of iVEST Partners LLC providing corporate development, finance advisory and investment banking affiliation, Chairman of the EntreTech Forum and Chairman Emeritus of the Boston Entrepreneur’s Network and. He has held management positions at Arthur D. Little, Textron and Foster-Miller, led a US-CDN joint venture and managed business restarts, turnarounds and restructures. Larry received a BSME and an MBA from Northeastern University. He has held a Top Secret clearance.
Panelists
Martha C. Farmer, PhD – President and CEO, North Shore InnoVentures (NSIV) http://www.nsiv.org/about
NSIV with their Biotech InnoVenture Center and Cleantech InnoVenture Center is dedicated to the successful growth of young, dynamic technology companies with the goal to turn out highly successful Biotech and Cleantech technology companies that will add value to a growing cluster in Massachusetts and the North Shore. NSIV programs are designed to have immediate impact and accelerate portfolio companies’ revenue trajectory.
NSIV Centers provide the benefit of a comprehensive set of on-site and off-site shared professional and administrative services, access to their extensive network of industry affiliations, and a structured mentoring program. The NSIV board of directors and advisory board add to portfolio companies’ in areas of venture capital and seed funding, business development, marketing, legal, operational and educational services.
Previously Dr. Farmer was a consultant in medical ethics and biologics/drug development, is an affiliate of the Harvard Stem Cell Institute and a recent Fellow in Medical Ethics at Harvard Medical School where she served as a consultant to the Harvard Embryonic Stem Cell Research Oversight Committee. She is on the Board of Directors of the North Shore Technology Council, chairing the Council’s Biomedical Section. She also serves on both the Institutional Review Board and Ethics Committee of Northeast Hospital Systems and the Ethics Committee of Hospice of the North Shore.
Formerly with Baxter Healthcare’s Hemoglobin Therapeutics Division for eleven years, Dr. Farmer transitioned from managing the research laboratory to directing product development, marketing and communications. Subsequently she co-founded the radiopharmaceutical start-up, BetaGamma LLC, serving as Vice President of Marketing.
Dr. Farmer earned a BS in zoology and PhD in physiology and pharmacology from Duke University, was a postdoctoral fellow in biophysics at Johns Hopkins University, and is an author on more than 30 publications and three patents.
Lawrence S. Nannis , C.P.A. Levine, Katz, Nannis + Solomon, P.C. http://www.lknscpa.com/
(Larry) has more than 40 years of experience serving small, privately-held businesses and their principals. His primary focus is in providing growth, financial and tax management advice to entrepreneurial companies at all levels of the growth curve. In addition, he works with many small businesses who receive their research and development funding from the government through the SBIR program, Broad Agency Announcements and direct budget appropriations (Plus-Ups and Earmarks).
Within these areas of expertise, he has developed financial management systems to help companies transition from Researching technologies to Manufacturing a product. These financial management systems not only provide information to help the company manage their growth but also meet the requirements of accounting for Federal awards and the Internal Revenue Service.
Larry is the Chair of National Small Business Association, the oldest small business advocacy organization in the county, and serves as an officer and director of the Northeast Chapter of the National Defense Industrial Association. As a member of these groups, Larry has been active in advocating for legislation that will insure that Small Business remains the economic engine of today's economy. He is a member in the AICPA and MSCPA.
Larry has been a speaker at national conferences on Accounting for Federal Awards and was also named National Small Business Accountant Advocate of the Year by the Small Business Administration.Larry received a Bachelor’s Degree in Accounting from Boston University School of Management and a Master’s Degree in Taxation from Bentley College.
Jason D. Harry, Ph.D. - Founder and CEO of Lucidux, LLC
Lucidux, LLC, an early-stage company developing advanced visualization technologies for minimally invasive surgery. Jason has 30 years of commercial, academic and start-up experience in the medical device field. He has deep experience in start-up financing, including the process of winning and managing millions of dollars in research funding from NIH SBIR and other grant programs, and in company equity financings.
Previously, Jason was founder and CEO of Afferent Corporation, which focused on neurostimulation technologies to treat chronic dysfunction stemming from stroke, aging, and diabetes. Afferent raised $10m from; seed, angel, venture capital equity financings, multiple SBIR and State grants programs, federal loans, and strategic partners. Prior to founding Afferent, he was employee #5 and VP of Research Engineering at NMT Medical, Inc., Boston, MA, a company in the field of minimally invasive cardiovascular implants that went public. NMT utilized grant financing, technology transfer licensing, and $8.5 in private placement financing to help support their business growth.
Jason received his PhD from Harvard University, MS from MIT, and BS from Georgia Tech. He was on the engineering faculty of Brown University, where his research areas were functional neural stimulation and muscle mechanics.
Robert G. Kispert - Director of Cluster Development, John Adams Innovation Insitute, division of the Massachusetts Technology Collaborative (MTC)
MTC is a quasi-public state organization focused on economic development for the technology intensive sectors of the Massachusetts economy. Mr. Kispert manages collaborative research partnerships and cluster development projects supporting the growth of a broad cross-section of the Commonwealth’s innovation economy. Mr. Kispert brings a broad background in technology development and commercialization to assist the Innovation Institute’s clients in identifying and developing Federal R&D funding opportunities. Mr. Kispert also manages the Innovation Institute’s development assistance activities for small businesses, which provide program information, workshops, and networking opportunities to Massachusetts’ “innovation cluster.” He conducts regular analyses of federal policies which affect the research community, particularly with respect to federal support for research and development.
Prior to joining MTC, Mr. Kispert provided consulting services to a variety of domestic and international technology based firms in the software, instrumentation, consumer electronics, energy, and environmental business sectors. These services included market entry research and strategy development, technology assessment, pre-acquisition due diligence, and business plan development. He has served on source evaluation panels for federal and industrial organizations. Mr. Kispert is the former President of Dynatech Scientific, Inc., a research and development services, testing, and instrumentation manufacturer serving government, institutional and industrial markets.
Mr. Kispert holds SB and SM degrees from the Massachusetts Institute of Technology and is the author or co-author of a number of technical and management reports and papers.
