inVenture: Advancing Innovative Businesses November '08 
Small Business Spotlight

Fuse logoSouth 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!

Fuse Business Innovation Awards celebrates the accomplishments of local, small businesses

The Fuse Business Innovation Awards are co-sponsored by the Small Business Development Center and inVenture, Bloomington’s technology business incubator.

Congratulations to the winners!

  • Bill & Gayle Cook Entrepreneur of the Year: Cullen McCarty of Smithville Digital, LLC
  • Entrepreneurial Growth Award: Bloom Magazine
  • Innovative Business of the Year: Vascular Access Specialists, LLC
  • Microenterprise of the Year: 39 Degrees North, LLC
  • Community Service Award: Bloom Magazine
  • Social Entrepreneur of the Year: BCT Management, Inc./ Buskirk-Chumley Theater
  • Small Business Advocate of the Year: Coffman Proactive CPA Services, LLC

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The Small Business Development Center would like to once again, thank our sponsors for their generous support of the 2008 Fuse Business Innovation Awards.

 
News in a Flash

Fuse logo

Cook unveils catheter

Officials at Cook Medical say they’ve opened up more jobs in Bloomington to accommodate the assembly of a new product whose U.S. debut was Monday, the Advance 18LP Balloon Dilatation Catheter.

The catheter’s final assembly is done in Bloomington, from parts made in other Cook facilities, said Rob Lyles, vice president and global business unit leader for Cook Medical’s peripheral intervention business unit. The catheter allows doctors to inflate a tiny balloon inside blocked leg arteries, reopening them.

The Advance 18LP, he says, also heralds the upcoming arrival of more products for use in leg arteries. “New positions have been added and will be added to accommodate the rest of the line,” he said.

The Advance 18LP is meant for use in the thigh area and behind the knee. This product, Lyles said, is smaller than similar catheters, so doctors can make a smaller hole to enter the artery being worked on. He said Cook is developing a new set of products that will allow doctors to move throughout a patient’s legs.

In addition to the upcoming leg therapy devices, Lyles said Cook Medical is set to open its first-ever sales office and warehouse in mainland China in a month and a half.

The Cook Pharmica site off of Patterson Drive is expected to grow in 2010. The $80 million expansion will handle new production lines that will fill and pack medical vials.

A company spokesperson said the number of future hires for the new leg therapy device series has yet to be determined as it will depend on product demand.

Upcoming Events

October 28: Fuse of CATS
What: Fuse Business Innovation Awards Ceremony
Where: http://catstv.net/pa_make_show.html
Time: 10:00 p.m.
Cost: free
Contact: SBDC, 812-330-6272

October 29: Fuse of CATS
What: Fuse Business Innovation Awards Ceremony
Where: http://catstv.net/pa_make_show.html
Time: 9:00 p.m.
Cost: $free$
Contact: SBDC, 812-330-6272

November 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: 10:00 am - 12:00 pm
Cost: $25
Contact: SBDC, 812-330-6272 (registration required)

November 7: New Economy, New Rules Seminar
What: Indiana's New Tech Highs:  A 21st Century Education Progress Report
Where: IU Research Park, 501 N. Morton
Time: 8:00 am - 9:30 am
Contact: SBDC, Terri Brown 812-330-6272

November 4, 11, 18, 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 pm - 8:30 pm

November 19: 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 - 5:00 pm
Cost: $25
Contact: SBDC, 812-330-6272 (registration required)

 

USeful Links
Web sites to help your business succeed.
Answers.com
Monroe County History Center
GSI US
Patent, Trademark and Copyright Assistance
Market Research Resources

Management Tips

 
Tips of the Month

Want to improve the way you run your business?  Entrepreneurs, academics, and consultants from diverse industries offer practical advice on a variety of topics each business day. {more»} 

Effective Business Planning
When your business is still in the planning stages, it is important to know your mission. Start by clearly defining your business idea and being able to articulate it succinctly. Then examine your motives. Make sure that you have a...{more»} 

 

SBDC Business Solutions

Using Optimist to Understand and Grow Your Bottom Line

Developing and refining strategic planning initiatives from financial statements has long been a time-consuming challenge. Today there is an easier way to develop powerful strategies from your latest financial data.
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Thank you to the financial supporters and partners of inVenture and the South Central IN SBDC: Bloomington Economic Development Corporation, Bloomington Urban Enterprise Association, 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   Site logo

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