inVenture: Advancing Innovative Businesses October '07 
News in a Flash

Third Annual Fuse Business Innovation Awards
Co-sponsored by the South Central Small Business Development Center (SBDC) and inVenture, Bloomington's technology business incubator. The Fuse Business Innovation Awards recognize small businesses for their innovation, creativity, energy, and growth.

For this year's Annual Fuse Business Innovation Awards Luncheon, we welcome Rebecca Ryan, as keynote speaker; presenting "Cool Communities".

Rebecca Ryan of Next Generation Consulting:
Fasten your seatbelts! Rebecca Ryan is progress in motion. Rebecca's keen eye for trends and irreverence in presenting them make her one of America's most in-demand consultants for clients who want to engage the next generation. Rebecca was named Entrepreneur of the Year by the U.S. Association for Small Business and Entrepreneurship and is currently writing her new book, Live First Work Second. Rebecca's passion is teaching today's leaders how to engage tomorrow's generation.

When: October 25th from 11:00am to 1:00pm
Where: Bloomington Convention Center, 302 S. College
Cost: $25.00 per person

Seats are limited; register today by calling Terri Brown at 812-339-8937.

BioConvergence Completes Expansion and Receives Safety Certification

BLOOMINGTON, INDIANA - September 25, 2007- BioConvergence LLC, an Indiana-based contract solutions provider to the biotech and pharmaceutical industries, announced two important milestones for its growing life sciences business today. It has received certification from Indiana's Safety & Health Achievement Recognition Program (INSHARP), making it the first life sciences company in Indiana to receive such certification and completed a 21,000 SF expansion of its headquarters in Bloomington.

BioConvergence was recently approved for the Indiana Department of Labor's INSHARP program, which recognizes small businesses that demonstrate exemplary occupational safety and health programs. In May of 2007, BioConvergence began working with INSafe, a division of the Indiana Department of Labor to achieve INSHARP certification, and received approval in July. An award was presented to BioConvergence on September 24th by Indiana Department of Labor Commissioner, Lori A. Torres.

"Both of these events are key milestones for our firm. We are grateful to receive certification from the INSHARP program for small Indiana businesses. Our employees are our most valuable assets and ensuring their health and safety is a top priority. This certification is recognition of their commitment and achievements in how we build our facilities and perform our work. Our physical expansion is the result of securing significant client contracts during our first year of business. These exceptional clients gave our small firm a chance to prove that we have the talent and experience to deliver the results we promise", said Alisa K. Wright, CEO, BioConvergence.

INSHARP is similar to the Voluntary Protection Program (VPP), designed for larger companies with longer operating histories. INSHARP participants are recognized by IOSHA for their proactive approach to occupational safety and health and are granted exemption from programmed OSHA compliance inspections. "Small businesses like BioConvergence are fortunate to have such an accessible, much-needed resource as INSHARP. The INSafe consultants that we worked with helped us to efficiently enhance our existing EHS program into a model program," said Alyson Norrick, EHS Coordinator, BioConvergence.

Also, BioConvergence has completed its first expansion of its Bloomington facility on time. The expansion increases capacity in areas already offered and adds new capacity to meet the needs of its global client base. Specifically, it includes ISO 8 compliant sampling and dispensing for active and inactive pharmaceutical ingredients as well as room temperature, refrigerated and frozen storage and related services. The expansion brings the total facility size to 71,000 SF. "We are very excited that we can now offer our client base new and improved services through use of these state of the art facilities. Our increased capacity will provide our clients with more options for supply chain and materials management at BioConvergence," said John Brooks, Chief Operating Officer, BioConvergence.

Applications Being Accepted For Pilot Program

Applications for the Indiana HomeTown Competitiveness pilot program are now being accepted. The program focuses on community and economic development in rural Indiana. It encourages rural residents to take part in leadership opportunities and support aggressive community and economic development plans.

For the complete article, please visit InsideIndianaBusiness.

Incubator for Arts Businesses Launched in Nashville

Brown County’s economic development commission has started an incubator for arts startup companies in the county seat of Nashville.

The Arts Industry New Business Incubator will have room for six arts-oriented companies, according to the Brown County Democrat. Possibilities include businesses involved in publishing, licensing, auctions, graphic arts and entertainment. Other targeted businesses are involved in marketing, digital arts and media.

National City Bank is sponsoring the incubator and making space available for tenants at its downtown location.

More than 250 artists work in the county. The colony was started in 1907 by Hoosier impressionist T.C. Steele.

In 2008, the commission also plans to open an incubator for artists. Working Artists Studio Incubator will expose artists and craftsmen to Nashville’s tourism trade while developing their talents.

For more information visit Indianpolis Business Journal or contact the Brown County Economic Development Commission at 988-8233.

Stay Informed on Top Employment Matters; Attend Indiana Chamber’s 43rd Annual HR Conference

Learn about the latest employment regulations and laws, plus hear real-life examples from HR professionals at the Indiana Chamber’s 43rd Annual Human Resources Conference & Expo on October 17-18 at the Indianapolis Marriott East.

Presented in partnership with the Human Resource Association of Central Indiana, this two-day event features concurrent sessions on timely topics so attendees can tailor the curriculum to best meet their needs. There are 25 breakout sessions and four education tracks to choose from: benefits/compensation, HR policy compliance, management and motivation, and wellness.

Attendees can also learn more about products and services to assist the HR professional at the exposition hall, which is open on October 18. In addition, on that day, the award for Ogletree Deakins/HR Dimensions Human Resources Professional of the Year will be presented at a luncheon.

Cost per person for both days of the conference is $299. An organization sending three employees to this entire event can receive a fourth registration at no charge.

The Indiana Chamber’s 43rd Annual Human Resources Conference & Expo is sponsored by the law firm of Locke Reynolds LLP and has been approved for continuing education credits though the Human Resources Certification Institute.

To register, visit Indiana Chamber or call (317) 264-6885 or (800) 824-6885.

Helping Indiana Businesses Succeed

That is the mission of the latest Indiana Chamber study – Accelerating Growth in Indiana’s Mid-Market Companies. Public and private sector partners are joining together to learn what makes these companies tick, and how practices and policies can be adjusted to produce even higher levels of achievement for these organizations and their employees.

For the complete article, please visit BizVoiceMagazine.

 

 
Small Business Spotlight

South Central Indiana's area economy is made up of many unique small businesses which often are overlooked. Each month learn about a local small business that you might have not known about!

Crane Technology, Inc.

Crane Technology Incorporated is a 501(c)3 incorporated in August 2004, focused on enhancing economic viability and diversifying the economic base in the NSA Crane's region. Crane's primary region consists of Daviess, Greene, Lawrence, Martin, Monroe and Orange counties.

Every day at NSWC Crane, nearly 5,000 Hoosiers go to work for our nation's defense. From ordnance, to night vision, to microwave tubes, scientists and engineers use Crane's state-of-the-art laboratories and testing facilities to develop cutting edge technologies for the war fighter.

Crane's vision is to be a nationally recognized public-private partnership and business development resource, which serves the nation's defense and the state and region's economic growth. Its mission is to develop technology-based business in the Crane region by leveraging its and its partners' technologies and capabilities, and substantially increase the impact of Crane on the Indiana economy.

Projects currently being pursued at Crane are establishing a Crane Learning and Education Center for Veterans with Disabilities, funding the Center for Coal Technology Research at Purdue University, establishing a regional economic development organization, and attracting small arms manufacturers to the region.

For more information, please visit CTI.

 
Tech News

Bloomington's downtown Certified Technology Park (CTP) is made up of many unique technology development businesses. Each month learn news about these innovative businesses and other initiatives impacting the Park tenants!

Certified Technology Park, Incubator Planned For Southern Indiana

Indiana State University and the Lawrence County Economic Growth Council are partnering on a new initiative to build a Certified Technology Park and incubator in south central Indiana. The Sycamore Initiative is still in the planning stages and no site has been chosen yet for the project. The groups say that the project will target a variety of industries, including defense, aerospace and homeland security.

For the complete article, please visit InsideIndianaBusiness.

Roche Diagnostics Launches New Device in U.S.

Indianapolis-based Roche Diagnostics has launched a new clinical chemistry analyzer in the U.S. that is designed for low- to medium-volume laboratories. The analyzer can run up to 80 chemistry and 150 electrolyte tests per hour. The company launched the device overseas last year.

For the complete article, please visit InsideIndianaBusiness.

 
Upcoming Events

October 5: New Economy, New Rules Seminar
What: Series of video conference presentations from industry leaders geared towards the information technology industry.
Where: inVenture, 501 N. Morton St., inVenture Conference Room
Time: 8:00 - 9:30 am
Contact: Marilyn Skirvin, Bloomington Economic Development Corporation, 812-335-7346

October 9: Community Chats
What: A weekly series to discuss issues facing Bloomington and the broader region.
Where: Village Deli, 409 East Kirkwood Ave.
Time: 7:30 - 8:30 am

October 16: Community Chats
What: A weekly series to discuss issues facing Bloomington and the broader region.
Where: Village Deli, 409 East Kirkwood Ave.
Time: 7:30 - 8:30 am

October 16: Tech Tuesday
What: A series of video conference presentations with a networking and educational component for Bloomington technology businesses.
Where: inVenture, 501 N. Morton St., inVenture Conference Room
Time: 7:30 - 9:00 am
Contact: Terri Brown, inVenture, 812-335-7356

October 16: Life Sciences Lunch Series
What: The Indiana Health Industry Forum and Barnes & Thornburg present a monthly seminar series on critical issues in life sciences.
Where: Ivy Tech Community College, Bloomington Campus
Time: 11:30 am - 1:00 pm
Contact: BEDC, 812-335-7346

October 17: Business Orientation Start-up Session (BOSS)
What: Learn what it takes to start your own business and become your own boss.
Where: SBDC, 501 N. Morton St., Suite 106A
Time: 3:00 pm- 5:00pm
Cost: $25
Contact: SBDC, 812-339-8937 (registration required)

October 17: Icebreakers
What: Bloomington's new after-hours networking event for entrepreneurs' tech-based businesses.
Topic: Intellectual Property Activity at IU and Patenting & Licensing News
Who: Mark Long, Indiana University Research & Technology Corporation
Where: Grazie Italian Eatery, 106 West Sixth St. Time: 5:30 - 7:30 pm
Cost: Free
Contact: inVenture, 812-335-7356, RSVP

October 23: Community Chats
What: A weekly series to discuss issues facing Bloomington and the broader region.
Where: Village Deli, 409 East Kirkwood Ave.
Time: 7:30 - 8:30 am

October 25: Annual Fuse Business Innovation Awards
What: The Fuse Business Innovation Awards recognize businesses that are "brands to watch," focusing on entrepreneurs in the community that are making an impact.
Where: Bloomington Convention Center, 302 S. College
Time: 11:00 am to 1:00 pm
Cost: $25/person
Contact: Terri Brown, 812-339-8937

October 30: Artists After Hours Workshop
What: Bloomington Area Arts Council monthly Artists After Hours
Where: John Waldron Arts Center, 122 S. Walnut, Rose Firebay
Time: 5:15 pm

October 30: Community Chats
What: A weekly series to discuss issues facing Bloomington and the broader region.
Where: Village Deli, 409 East Kirkwood Ave.
Time: 7:30 - 8:30 am

November 2: New Economy, New Rules Seminar
What: Series of video conference presentations from industry leaders geared towards the information technology industry.
Where: inVenture, 501 N. Morton St., inVenture Conference Room
Time: 8:00 - 9:30 am
Contact: Marilyn Skirvin, Bloomington Economic Development Corporation, 812-335-7346

November 7: Business Orientation Start-up Session (BOSS)
What: Learn what it takes to start your own business and become your own boss.
Where: SBDC, 501 N. Morton St., Suite 106A
Time: 10:00am - 12:00pm
Cost: $25
Contact: SBDC, 812-339-8937 (registration required)

 

 

USeful Links
Web sites to help your business succeed.

 
Tips of the Month

Are You A Good Decision Maker?
Decisions, decisions, decisions. It seems like every time we turn around, we have to make more decisions. The question is, "Are you a good decision maker?" If you aren't (or don't think you are), there is no need to worry. Decision-making is a skill that can be learned by anyone. Although some people may find this particular skill easier than others, everyone applies a similar process.

To find out more, visit SBA.gov.

 

SBDC Business Solutions

Loan Packaging

Because the South Central SBDC deals with numerous lenders and has the first hand knowledge of commercial loans, we can give the applicant insight into the needs and limitations of lending institutions.

Most new entrepreneurs do not realize that banks often have different lending practices when it comes to making small business loans. Many times the applicant's loan is rejected due to no fault of their own.

Contact the SBDC office at 812-339-8937 for more information.

View More Small Business Solutions

Thank you to the financial supporters and partners of inVenture and the South Central IN SBDC: Bloomington Economic Development Corporation, Bloomington Urban Enterprise Association, Cairril.com Design & Marketing, City of Bloomington, Indiana Economic Development Corporation, Indiana University, Ivy Tech Community College-Bloomington, Monroe County Government and the US Small Business Administration.

Sponsor:

Kiva

This newsletter is produced by the inVenture and is intended to keep our clients and partners informed of current programs and small business issues. Out of respect for your time, we will only send one announcement a month. If you would prefer not to receive this newsletter, please to be removed from our mailing list.

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inVenture: Advancing Innovative Businesses