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Posts Tagged ‘startup’

The Mass Challenge Awards Ceremony takes place tomorrow night at the Boston Convention Center. Erik is one of the 26 entrepreneurs who are finalists in the Class of 2012. He first read about Mass Challenge on this very blog the day before the deadline for applying!

The whole family is excited that Erik has done so well. Suzanne and John (both entrepreneurs) will be sitting at his table at the big event. Erik’s mother, lately arrived from Sweden, will be strolling the baby around South Boston with a little help from yours truly.

The Awards Ceremony includes Governor Deval Patrick. Orlando Jones will moderate. And I am a particular fan of speaker Gerald Chertavian.

A native of Lowell, Chertavian so appreciated the mentoring he received in high school that he served as a Big Brother in college and for years after. Having sold his own entrepreneurial company, he decided to give back by building an organization to give young low-income but motivated people a paid year to prepare for the workforce through internships and training.

For more on the unique approach of Chertavian’s nonprofit YearUp, now in many U.S. cities, look here.

YearUp photograph of Gerald Chertavian

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Fun time at Mass Challenge!​

Mass Challenge is an incubator “accelerator” for entrepreneurial companies, perhaps the biggest worldwide. I’ve blogged about it before.

Of the 125 finalists in this year’s challenge, 48 gave one-minute pitches last night to an audience of about 200 friends, family, and investors at 1 Marina Park on the Boston waterfront.

Besides being entertaining, it was inspiring. So many people working hard on so many great ideas!

A couple noteworthy presentations were from MIT people. Helmet_Hub tapped the skills of MIT materials science students to create a helmet-vending machine. They have already partnered with the City of Boston’s Hubway, which lends bikes point to point. Another MIT-based organization, Global Research Innovation & Technology (GRIT), uses bicycle parts to make inexpensive wheelchairs for Third World patients. Very impressive. (More on GRIT here.)

I also wrote down that soundfest has a better kind of hearing aid. Prime Student Loan screens students so banks can make a safe loan even if graduates have no FICO score.

Wanderu was one of the few female-run companies. It does for ground travel what kayak and others do for air. Zoomtilt creates ads that are said to be so funny and entertaining, people actually want to watch them. Guided Surgery Solutions helps oral surgeons drill into the right place.

Roameo helps you find out what’s going on near where you are right now. Newartlove helps artists sell their work. Social Made Simple helps small businesses with social networking. (Check it out, Luna & Stella.) CellanyxDiagnostics has a more precise test for prostate cancer than the PSA.

I will likely follow up on a worthy-cause business called Bootstrap Compost. They teach you to compost, give you the bucket, pick it up, deliver it to farms, and give leftover compost to schools. You can have some, too. Bootstrap is very low-tech, doing most travel on bikes. It is proud of keeping tons of food scraps out of landfills.

I was also impressed at the Mass Challenge diversity — men, women (OK, not many women), old, young, scientists, artists, business types, different races, different nationalities, humorous, solemn.

No need to worry about the economy long term. Not with the joy of invention alive and well.

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Meet Matthew Slipper, “just 18, a founding member of the Paly Entrepreneurs Club, an extracurricular group at [a Palo Alto] high school that sprang into existence last September — the brainchild of about a dozen students committed to inventing the future. …

“While budding moguls in high school clubs like the Future Business Leaders of America invest make-believe money in the stock market or study the principles of accounting, the Entrepreneurs Club members have a distinctly Silicon Valley flavor: they want to create start-ups,” writes Quentin Hardy in the NY Times.

“They have met weekly during the school year to discuss their ventures and ideas, explore matters like money-raising strategies and new markets, and host guest speakers. Once, they held a Skype chat with a software engineer in Sweden who described the intricacies of running an online music business.” More here.

The kids sound incredibly intense, glad to have more time for business when they get their gym requirement out of the way.

I envision this generation’s counterculture emerging — probably in California, probably soon. With three entrepreneurs in my family, I know starting a business takes a lot of time and energy. Can’t help wondering if high school is too early. Focus is not bad, but by definition it means shutting other things out.

Photograph of Paly Entrepreneurs Club: Peter DaSilva for the NY Times

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John pointed me to an article on the kinds of work environments that encourage innovation.

Aimee Groth at Business Insider writes, “In his article, Groupthink, the New Yorker‘s Jonah Lehrer says there are two types of brainstorming — a free-for-all exchange of ideas in a structured environment, and a random, unplanned debate. Only the second type really works.

“He says M.I.T.’s famous Building 20 … became one of the most innovative spaces in the country because it fostered the best kind of brainstorming.

“The building was created to provide extra room for scientists during WW II, reports Lehrer, and ‘violated the Cambridge fire code, but it was granted an exemption because of its temporary status. … The walls were thin, the roof leaked, and the building was broiling in the summer and freezing in the winter. Nevertheless Building 20 quickly became a center of groundbreaking research, the Los Alamos of the East Coast.’

“It wasn’t demolished after the war because there were too many students and too little space on campus. So the building became a hodgepodge of offices, with professors and students from all different departments squeezed in small spaces and long corridors. …

” ‘Walls were torn down without permission; equipment was stored in the courtyards and bolted to the roof. … The space also forced solitary scientists to mix and mingle.’ “

More.

Makes me think of the layout at Mass Challenge, the accelerator incubator for entrepreneurs that I blogged about here. (Did I mention that a family member read that post, sent in an application under the wire, powered through layers of screening, and is now working away as part of the class of 2012?)

The Mass Challenge space is not dangerous like Building 20, but the founders probably heard about the benefits of Building 20′s layout through their connection to MIT. The Mass Challenge work space is an unfinished floor in an upscale office building on the waterfront, 1 Marina Park. Everything is open and interactive.

The harbor views are a bonus unknown at Building 20.

 

 

 

 

 

 

 

 

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Here’s another nice lead from the Christian Science Monitor, which highlights a cool story by Rachel Signer of Dowser.org (a media organization that reports on social innovation).

The article is about Ethikus, which “provides vouchers for small businesses whose practices embody principles of sustainability.”

Writes Signer, “From May 3-10, hundreds of New Yorkers will participate in the first Shop Your Values Week, a project of the New York City-based startup Ethikus. The aim of Ethikus is to generate more business for small enterprises whose practices embody certain principles of sustainability in the realms of product-sourcing, employee relations, community engagement, and environmental impact or mitigation efforts. By looking at those four criteria, Ethikus identifies businesses they want to invite into their network, which functions as a sort of ethics-focused Groupon by providing consumers with vouchers to use in those businesses.” Read more.

Even though small businesses have all they can do to keep their heads above water right now, I think this idea has legs. Should be a great way for those already incorporating the Ethikus ideals to get visibility with the customers they want to reach. I’m spreading the word.

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Connecticut seems to be doing quite a lot for entrepreneurs — even rather young ones. So thanks to an annual competition for young inventors in the state, Mallory Kievman is getting her hiccup-suppressing lollipop patented and marketed by experts.

Writing for the NY Times, Jessica Bruder quotes one of Mallory’s benefactors.

“ ‘It’s very rare, when you’re evaluating businesses, that you can envision a company or product being around 100 years from now,’ said Danny Briere, a serial entrepreneur and the founder of Startup Connecticut, which nurtures new companies, including Hiccupops, and is a regional affiliate of the Startup America Partnership. ‘Hiccupops is one of those things. It solves a very simple, basic need.’

“Mallory met Mr. Briere last spring at the Connecticut Invention Convention, an annual competition for kids. ‘I went there, and I knew it would either be a hit or a miss project,’ she said. ‘People would either like it, or they would think I was crazy.’ ” Read more.

I love reading about simple but valuable solutions to everyday challenges. Think paper clip. Think Post-it note. It takes a special kind of imagination. Nowadays, given the valuation of apps, you would think solving everyday challenges was too uncool for the inventive mind. But Hiccupops will likely bring Mallory checks in the mail long after Instagram is forgotten.

Photograph: Andrew Sullivan for the NY Times

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I took a tour of Mass Challenge today, an accelerator incubator program. And what is an accelerator incubator program? you ask. An incubator helps small businesses get launched and grow. An accelerator helps them get launched and grow really fast.

The program I visited may be the biggest anywhere. It has a whole floor of a gorgeous new building overlooking Boston Harbor, which the landlord has provided rent-free at least until 2014. It has zillions of sponsors and supporters, including the mayor and the governor, who don’t always see eye to eye on other matters.

Enter by tomorrow to be in the running for this year’s program and the top prize. Every entrant, whether chosen for the program or not, gets three to five professional reviews. You can enter from anywhere in the world. Caveats: there is an entry fee of $200, and your startup has to have made less than $1 million so far. Click here to enter.

From the website: “MassChallenge is the largest-ever startup accelerator and competition, and the first to support high-impact, early-stage entrepreneurs with no strings attached. Benefits for startups include:

* 3 month accelerator program. World-class mentorship and training, free office space, access to funding, media and more.
* $1M in Cash Awards. $4M+ in-kind support.
* Open to all. Any startup can enter, from anywhere, in any industry.
* No equity taken. No restrictions applied.”

And while we’re on the subject of small business, I also saw a great presentation about a new City of Boston website that walks people through all the things they need to do to get a business started in Boston. A wonderful, user-friendly site.

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