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

Nominations Are Now Being Accepted For The 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.

The Fuse Business Innovation Awards recognize businesses that are "brands to watch," focusing on entrepreneurs in the community that are making an impact. Completed
nomination forms should be sent to Terri Brown via email or
faxed to 812-335-7352. The deadline for nominations is 5pm on September 14th. For more information about the Fuse Business Innovation Awards call (812) 339-8937.

What: Third Annual Fuse Business Innovation Awards Luncheon
Award Categories:

• Entrepreneur of the Year
• Entrepreneurial Growth Award
• Innovative Business of the Year
• Microenterprise of the Year
• Social Entrepreneur of the Year
• Small Business Advocate of the Year
• Community Service Award

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.

Icebreakers Returns, Features Mike Gentile
Icebreakers, the monthly networking group for technology companies, will resume meeting in September after a summer hiatus. This month's Icebreakers will be held on September 19th from 5:30-7:30pm on the second floor of The Irish Lion. Mike Gentile of Crane Technology Inc. will kick off this event by speaking about Crane's Economic Diversification Study. RSVP to this event.

Ivy Tech Opens New Learning Center In Bloomington
Ivy Tech Community College-Bloomington will launch its Center for Lifelong Learning at the Stone Age Institute north of Bloomington.

The new center will offer noncredit learning opportunities, ranging from cooking classes to U.S. history to health and wellness activities.

The center replaces the college’s continuing education program. Center director Susie Graham, hired in January, has developed courses to appeal to lifelong learners and first-time students.

For the complete article, see The Herald Times. For more information, see a complete list of noncredit lifelong learning courses or call 812-330-6041.

Plan Outlined For Bloomington Tech Park Expansion
A plan to develop the largest area left in downtown Bloomington would meet a demand for office space in the city’s certified technology park.

The 7.96 acre site at 11th and Morton streets is at the northern end of the 66-acre tech park approved by the state in 2005.

In addition to a four-story “tech park office building,” the proposed Morton North calls for scattered residential buildings and some commercial space at the site — a former Oldsmobile/Honda car dealership.

The proposed tech park office building would offer 42,000 square feet — four times larger than the nearby 10,000 square foot incubator.

Morton North isn’t the only plan designed to free up space in the certified tech park.

Indiana University announced last month that it’s taking steps to sell properties near downtown Bloomington, opening the way for a surge of development in the tech park.

For the complete article, see The Herald Times.

Entrepreneurs Will Deliver Restaurant Food To Your Door
As an Indiana University student, Jason Moldoff would have loved to order different types of food and have it delivered. As an entrepreneur, he saw a niche.

Last year, he and business partner Dylan Benjamin launched Straight 2 Your Door, a delivery service for area restaurants. So far, hungry Bloomington residents can order online from more than a dozen local restaurants and have the food delivered right to their doorsteps.

“I think it’s a pretty neat concept,” Moldoff said. “Pizza, sandwiches and Chinese are usually the only things you can get delivered.”

Restaurants on the list are Buffalo Wild Wings, El Norteno, Esan Thai, TGI Fridays, Japanee, Macri’s, Moe’s, Nomad’s Buffet, Opie Taylor’s, Quiznos, Roots, Scholars Inn Bakehouse, Sushi Bar, Tutto Bene, Uptown Cafe and Yogi’s. Moldoff said the service has already inked deals with another six restaurants and is working on getting those menus online.

Customers using the service should expect to pay an extra $3.99 delivery fee for all orders under $40 or 10 percent of larger orders. And it could take about an hour for your food to arrive, depending on how busy the service is or how far out you live, Moldoff said. Group orders and advance ordering are also available.

For more information, please visit The Herald Times.

Microsoft Uses Ball State In Marketing Campaign
Ball State is educating the first wave of graphic designers to work in the interactive news industry, where the viewer — not a news producer, reporter or anchor — is in control.

Instead of a news story being told in linear fashion with an anchor introducing a subject followed by a reporter in the field giving a 90-second explanation, interactive television will allow the viewer to examine a story in depth by using a remote control to click on a graphic element that leads to additional information.

Students also are learning to create graphic elements that will work on a variety of platforms in addition to television, including cell phones, personal digital assistants and iPods, said Palilonis.

"There are certainly many professional outlets exploring these concepts, but we are the first student group in the world to explore iTV design in a classroom setting," Palilonis said.

The class is a collaborative effort by Ball State's College of Information, Media, and Communication and the College of Science and Humanities.

For the complete article, please visit Inside Indiana Business.

 
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!

Designscape Horticultural Services, Inc.

Designscape Horticultural Services, Inc. is a private, full service landscape business that offers its commercial and residential clients a wide range of services including arborculture, designing, installation, maintenance, irrigation sales and repairs, Scag and Echo equipment sales and service, pond and water feature services.

Dan and Deb Gluesenkamp started the company in 1986 with a solid foundation of their Christian beliefs, and now employ over 50 team members during the busy summer season. Their view is to develop leaders who have a purpose in life greater than themselves. That view has resulted in having over 75% of the team members being with Designscape for over 5 years. Summer jobs for college students have turned into full time positions after graduation, and several high school students work through the summer and during their college years.

Training is critical to this company. Better trained people offer better services because of the training they receive. The licenses team members hold are Pesticide applicators, Certified Arborist, Certified Landscape Irrigation Auditor, Certified Lighting Installer, Certified Retaining Wall Installer, Indiana Accredited Horticulturalists, Home Security EMT, etc.

Our clients are our life-blood. Our goal is to keep them delighted by delivering the best quality service possible, using the best technologies and procedures available.

Dan and Deb serve in landscape associations and community service areas. A visit to the web site will provide more information and some great pictures of what Designscape offers - www.designhort.com

For more information, please contact Dan Gluesenkamp at 812-988-8900.

 
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!

DoD 2007.3 SBIR Soliciation
The Air Force, Navy, MDA, and NGA, hereafter referred to as DoD Components, invite small business firms to submit proposals under this solicitation for the Small Business Innovation Research (SBIR) program. Firms with the capability to conduct research and development (R&D) in any of the defense-related topic areas described in Section 8.0, and to commercialize the results of that R&D, are encouraged to participate.

Objectives of the DoD SBIR Program include stimulating technological innovation in DoD's Critical Technology Areas, strengthening the role of small business in meeting DoD research and development needs, fostering and encouraging participation by minority and disadvantaged persons in technological innovation, and increasing the commercial application of DoD-supported research or research and development results.

For more information, visit the solicitation.

 
Upcoming Events

September 4: 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

September 5: 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)

September 5: Internetworking
What: A monthly series dedicated to helping Bloomington and Monroe County companies generate more business using Internet Marketing. With the mission of "Bringing together people, ideas, and the Internet to make your business better."
Where: 501 N. Morton St., Suite 100B
Time: 7:30 AM - 9:00 AM
Cost: Free
Contact: Please RSVP to Hanapin Marketing.

September 7: 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

September 11: 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

September 18: 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

September 18: 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

September 19: Icebreakers :: GET CONNECTED
What: Bloomington's new after-hours networking event for entrepreneurs' tech-based businesses.
Topic: Economic Diversification Study, Mike Gentile of Crane Technology Inc.
Where: The Irish Lion, 212 W. Kirkwood Ave.
Time: 5:30 - 7:30 pm
Cost: Free
Contact: inVenture, 812-335-7356, RSVP

September 25: Artists After Hours Workshop
What: Bloomington Area Arts Council monthly Artists After Hours
Where: John Waldron Arts Center, 122 S. Walnut
Time: 5:15 pm

September 25: 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 2: 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 3: 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)

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

 

USeful Links
Web sites to help your business succeed.

 
Tips of the Month

What Do Investors Look for in a Business Plan?
Investors expect to see a business plan that paints a realistic financial picture of the anticipated growth of the company. If the plan is overly aggressive and not consistent with growth in the industry, your plan may be shelved. Be realistic with your financial projections, and be prepared to explain how you arrived at the numbers.

To find out more, visit AllBusiness.com.

 

SBDC Business Solutions

Business Check-up (BizBench)
Wonder how your business compares to others in your industry? There are a wide range of factors that go into the valuation process – from the company’s book value to a host of tangible and intangible elements. In general, the value of the business will rely on an analysis of the company’s cash flow. Its ability to generate consistent profits will ultimately determine its worth in the marketplace.

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