WPI Venture Forum - Creating a Useful Business Plan and Funding Basics

When: Tue November 13, 2012 5:30 pm

Organization: WPI Venture Forum

Location: Worcester Polytechnic Institute Campus Center - 3rd floor - Odeum Room, 100 Institute Road (general address), Worcester, MA 01609

Website: http://www.wpiventureforum.org/monthly111312.html

Creating a Useful Business Plan and Funding Basics 

Part 2 of our four-part series on developing your idea into a business

The November program is the 2nd in a 4 part series designed to assist entrepreneurs starting companies.  Michael Schrader, CEO of Vaxess Technologies, will give the Keynote address on how to develop a business plan.  Michael and his team won the Harvard Business Plan Competition as well as the Harvard University President’s Challenge, a social enterprise competition with a focus on developing entrepreneurial solutions to global social problems. Vaxess was also a MassChallenge Finalist. Come and hear about Michael’s experience in developing a winning business plan.

The November Case Presenter is Marc Girolimetti, Founder of Red Raider Studios, a mobile game developer.  Their first game, Silo, is a strategy/speed game where you have to move a certain number of balls through the silo, before your opponent. Players can quickly grasp the gameplay, because it requires math to execute the moves.  Current platform plans are iOS, Android, Windows 8 and Facebook. Marc will present his business plan to our expert panel and take questions from the audience.  It’s an event not to be missed for any entrepreneur in the business plan and fundraising stages.

Michael Schrader

Keynote Speaker - Michael Schrader, CEO, Vaxess Technologies

Michael Schrader is co-founder and CEO of Vaxess Technologies where he focuses primarily on corporate strategy, business development, and managing financial performance. Prior to founding Vaxess, Michael worked in both R&D and manufacturing in a variety of different industries ranging from automotive to telecommunications to technology. Michael holds an MBA from Harvard Business School and a BS in Mechanical Engineering from Purdue University.  Vaxess Technologies is working to commercialize a Tufts University platform technology that stabilizes vaccines so they can be stored and shipped around the world without refrigeration – eliminating the need for the cold chain. The technology will stabilize vaccines in a silk matrix. Vaxess will lower the cost of distribution and storage for all vaccines while expanding access in areas with poor cold chain infrastructure.  Upon delivery to the end health care worker, the vaccine can be reconstituted and delivered to the patient in the traditional manner.

Marc Girolmetti

Case Presenter - Marc Girolimetti, Founder, Red Raider Studios

Marc Girolimetti, founder of Red Raider Studios, is a16-year veteran of the interactive agency and software worlds. He’s founded three companies and been part of four more start-ups covering news, entertainment, advertising and gaming. A graduate of Babson College, Marc believes pinball is the source of world peace. His newest venture, Red Raider Studios, is focused on designing a series of smarter, strategy games that incorporate the use of math within the gameplay.

Jean Hammond

Panelist - Jean Hammond, Entrepreneur and Investor

Jean Hammond is the founder of JPH Associates and co-founder of LearnLaunch. She serves on the boards of Thompson Island Outward Bound and Boston Rising supporting the growth of science education and entrepreneurial jobs in the inner city.  Jean is an active angel investor focusing on early stage high-tech and high-growth start-ups.   She is an investor and member of Hub Angels and Launchpad Venture Group and the founder of the Boston Forum of Golden Seeds. She has served as a board member or board observer for over 25 start-up companies. She supports growth of entrepreneurial companies and serves on the board of The Technology Capital Network (TCN), teaching entrepreneurs about the investment process. A serial entrepreneur, she co-founded AXON Networks, which was acquired by 3Com, lead 3Com WAN marketing activities and also founded Quarry Technologies.  She earned a M.S. from the MIT Sloan School of Management and a BS in Biology at Boston University.

Brennan Mulcahey

Panelist - Brennan Mulcahey, Brook Venture Partners, LLC

As an associate at Brook Venture, Brennan Mulcahey is responsible for leading the team due diligence efforts, and supporting their existing portfolio companies through financial modeling and strategic analysis. Brennan draws on his strong quantitative and analytical skills to help portfolio companies make data driven decisions, and add shareholder value. Brennan earned his BA in Financial Economics from the University of Rochester, where he graduated cum laude with distinction in three years. He went on to receive his MBA from the Simon Graduate School of Business at the University of Rochester, completing concentrations in Finance, Entrepreneurship, and Corporate Accounting. While at the Simon School, Brennan worked with the Rochester Angel Network to evaluate potential investment opportunities within the medical technology space. Brennan chose the Venture Capital industry for the opportunity to help passionate entrepreneurs and their companies navigate the financial and operational hurdles associated with a growing business, and achieve their full potential. Brennan is currently a board observer at RSI content solutions and Member Benefits Inc.