Entrepreneurship

Northern Kentucky Entrepreneurial Alliance formed

The Northern Kentucky Entrepreneurship Alliance, part of Vision 2015's entrepreneurial strategy for the region, has been established to market Northern Kentucky as a hub of innovation.The idea was developed by NKU associate provost for economic initiatives and dean of the university's Haile/US Bank College of Business John Beehler, who saw the need for collaboration and unity among the many entrepreneurial agencies in the area.Participating agencies include the business school, ezone Innovation and Commercialization Center, Northern Kentucky Area Development District, Northern Kentucky Chamber of Commerce, Small Business Development Center, SCORE, Southbank Partners, Northern Kentucky Tri-ED, and the Williamstown ICC.The alliance has begun work on key issues such as establishing a one-stop clearinghouse for entrepreneurs; facilitating education, training, and mentoring; increasing available capital; developing an entrepreneurial community, and promoting the region as an entrepreneurial hub.Read the full article here.

Latest in Entrepreneurship
Electric car company chasing $2.5M national prize

Advanced Mechanical Products Inc. (AMP), a Blue Ash-based company that is converting Saturn Skys into all-electric vehicles, has been accepted into the $10 million Progressive Insurance Automotive X Prize.The national competition, held to promote the development of next-generation, super fuel-efficient vehicles, is expected to include up to 140 teams of competitors ranging from university engineers to entrepreneurs to automobile manufacturers."We think a head-to-head competition is definitely the way to go," Steve Burns, one of AMP's founders and its CEO, tells the Enquirer.AMP was one of the first 40 teams accepted into the competition and could collect $2.5 million if it wins.The company has applied for a $20 million loan from the U.S. Department of Energy that would allow them to employ 300 people and to produce 30,000 electric vehicle kits over five years.Read the full article here.

Abstract Displays’ Eng named Ohio Small Business Person of the Year

Carla Eng, owner of Abstract Displays Inc., has been named Ohio Small Business Person of the Year by the U.S. Small Business Administration.Founded in 2001, Abstract Displays designs and produces exhibits for sales, marketing, and corporate events and has seen revenues grow 54 percent over the past three years.The company was also ranked by Diversity.com as one of the Top 100 Women-Owned Businesses in Ohio and a Top 100 Diversity-Owned Business in Ohio.A national winner from among all 50 states, the District of Columbia, Puerto Rico, and Guam will be announced during National Small Business Week, May 18-22.Read the full article here.

Rural American Onshore Sourcing among small companies seeing economy as opportunity

In the current economy, many small businesses are looking to get more efficient by seeking flexible staffing options.Cincinnati-based Rural American Onshore Sourcing Inc. is taking advantage of this trend, offering small- to mid-sized companies an alternative to outsourcing by matching them up with home-based workers in third-tier U.S. cities and rural areas where the hourly rate is lower than in major urban markets.And they don't have to worry about installing managers for those workers in lower-cost countries."The labor costs in India are increasing," founder Christopher Hytry Derrington tells Reuters. "We have talented people in rural areas and we match them up with companies that want to save."Read the full article here.

Farm Fresh Delivery expands to Cincinnati, donates one ton of organic produce to the Free Store

Today more people are waking up to the need for a healthy diet than ever before.  Thankfully there's a convenient new solution for those struggling to maintain a healthy, certified organic diet.  As of April 6, Indianapolis-based Farm Fresh Delivery delivers the organic goods needed for a balanced diet to your Cincinnati doorstep. Farm Fresh began in Indianapolis a year and a half ago.  Now the one-stop online organic shop has 1,000 weekly customers in Indianapolis – a loyal base built entirely by word of mouth. The secret of Farm Fresh's success is its locally focused approach to doing business.  Drawing from a network of farmers and artisans Farm Fresh delivers year-round fresh certified organic produce and artisan foods – local when possible – to its loyal customers on a weekly basis. Free of preservatives, additives and artificial flavors, "we provide over 300 products on our website that range from local frozen meats, dairy and cheeses, fresh baked bread, bulk products, farm fresh eggs, locally roasted fair trade organic coffee and much more," says Matt Ewer, co-owner of Farm Fresh.  Alongside these products, Farm Fresh has also launched its own line of order-made products called Feel Good Foods.  Items in this line include salsas, fresh hummus and dips, kasha bars (energy bars), and more; all made by Executive Chef Brandon Hamilton. And for those seeking guidance on healthy eating, Fresh Farm also offers a weekly newsletter, The Health Times, which features recipes devised by staff nutritionist and co-owner Beth Blessing and Hamilton. Ewer sees their expansion to Cincinnati as a natural progression for Farm Fresh.  Alongside building a Midwestern network of family-owned farms and food artisans, the founders of Farm Fresh have personal ties to Cincinnati. "We have friends and family in Cincinnati dedicated to helping us grow with community," Ewer says.  Included in these close ties are regional manager John Freeland and Ewer's high school friends Mike and Kristen Baker, who work for the Cincinnati United Way and the Center for Great Neighborhoods, respectively. These ties are more than personal.  Ewer credits this local focus for Farm Fresh's success and sees this approach as a significant engine for economic growth. "Organic produce is also geared more towards smaller family farms," Ewer says.  "Farm Fresh Delivery is a family run business that supports other family run businesses.  One of our main messages is local economy.  I think lack of support for our local businesses has been a source of the economic problems facing the United States." Walking the talk, Farm Fresh is dedicated to community giving.  In total, they have already donated over seven tons of food to the Gleaners Food Bank in Indianapolis.  And they're extending this generosity to Cincinnati as well.  "We take very seriously our commitment to giving back to community," Ewer says.  "Our first delivery to Cincinnati was a one ton fresh produce donation to the Free Store."   To check out the offerings and services available through Farm Fresh's customizable online shop, visit here.   Writer:  Jonathan DeHartSource:  Mike Baker, Matt Ewer

The dimple makes the difference

For Corwyn Thomas, head designer for Krimson by Kwame and designer/owner of Corwyn Apparel, crimson is the color that launched him from behind the desk of his office at P&G into the professional apparel design world.

NKY businesses get a crack at national fame through pioneering When Work Works program

This month the state of Kentucky is one of three states to kick off a statewide initiative called When Work Works, which offers the chance of prestige and national recognition for Kentucky's best and brightest empoloyers.And the Northern Kentucky Chamber of Commerce is playing an important part in this program.The NKY Chamber of Commerce and several other community organizations are joining forces as the Core Leadership Community Coalition (CLCC).  Together, they are guiding this initiative.When Work Works is a community-based program that stresses the importance of workplace flexibility through a variety of educational opportunities.  This is an important mission.  Flexibility in the workplace is more than a fad.  It's an emerging trend around the globe.    "State government is extremely pleased to partner with other pioneers to develop and implement integrated workplace strategies and research emerging global trends," says Governor Steve Beshear.  "Better workplace practices will help Kentucky become not only an employer-of-choice but also a state-of-choice."The program also gives employers the chance to apply for the Alfred P. Sloan Awards for Business Excellence in Workplace Flexibility, a feather in the cap that comes with recognition in a full-page advertisement in USA Today, the Congressional Record and other media outlets. "This is an excellent opportunity for the state's businesses to showcase their workplace flexibility practices and to get local, state and national publicity," says Jennifer Swanberg, executive director of the Institute for Workplace Innovation at the University of Kentucky.  Ultimately, flexible employers make for happy employees.  “Employers who create innovative workplaces with flexibility have an advantage in recruiting and retaining top talent," Swanberg says.  And happy talented people are the foundation of thriving businesses. "This is also an opportunity to present the Commonwealth on a national stage as a state with innovative employers who strive to promote a culture that is supportive of employees and their families while simultaneously achieving business success," Swanberg says. Interested Kentucky employers can apply online for the Sloan Awards until April 20. Writer:  Jonathan DeHart Source:  Lee Ann Walton, University of Kentucky

Thinkronize to add 25 jobs, hit $10 million in sales by 2012

Thinkronize is going strong.The Sharonville-based educational content internet services company has just been approved for a job creation incentive from the State of Ohio to create 25 new jobs and hit the $10 million sales mark by 2012. This is no surprise considering INC Magazine twice recognized Thinkronize as one of the fastest growing companies in the country.Since graduating from Hamilton County's Business Incubator eight years ago, Thinkronize went on to develop an award-winning suite of internet search products used by over 12 million students in all 50 states."We are very proud that they started with us and have continued to keep Hamilton County as their headquarters," says Patrick Longo, Director of the Hamilton County Business Center.  "They are by far, one of the fastest growing ventures we have graduated from our incubation program."  In order to reach its goals, Thinkronize has created a growth strategy to increase sales in the US and abroad as well as expanding its products and services through acquisitions of other companies.These successes and ambitious plans have put Thinkronize in the business limelight.  Lt. Governor Lee Fisher met with Thinkronize management last year to recognize the company as a model for growing, successful technology-services businesses in the state.  Since meeting Thinkronize officials, Lt. Governor Fisher has mentioned Thinkronize in many speeches as the type of company Ohio wants to see thrive.  "They are the type of knowledge based company that I see Greater Cincinnati creating and assisting more of in the future," Longo says.  "It is a great motivator for our current incubation clients to have such a successful client as an alumnus of the program." Writer:  Jonathan DeHartSource:  Patrick Longo

Sharonville Business Advocacy Committee launched, poised to help local businesses thrive

Thanks to a proactive effort by the city of Sharonville to inject a competitive edge into the local business climate, area firms have a new advocate.And the newly launched Sharonville Business Advocacy Committee (SBAC) is already busy.The SBAC defines its mission as fourfold: be a business resource for area business, gather feedback for strategic planning, create a venue for dialog and open the door for local businesses to engage in policy-making and economic development initiatives."As a result of this collaboration and strategic planning, we will serve local businesses, bringing insight, focus and energy needed in this competitive environment," says Sharonville Chamber of Commerce President Rich Arnold. Despite current economic conditions, Sharonville is faring well."Sharonville (Cincinnati) can always rely on our strengths," says Tammy Riddle, Economic Development Specialist at the Sharonville COC.  "Sharonville’s number one strength is our location. We can always rely on that not to change. Another one of our strengths is the cost of doing business in Sharonville. Sharonville property taxes are some of the lowest in the region."Sharonville's low taxes and central location continue to work their magic."The Convention Center expansion is moving forward and we continue to get leads on businesses looking to locate in this area," Riddle says.And the SBAC is more than theory.  Due to the nature of its membership the SBAC is tuned into Sharonville's unique conditions and provides a valuable bridge between local businesses and city officials. "The BAC is made up of business leaders that have lived in most of our businesses shoes previously, and have expertise in addressing most business challenges," Riddle says.  "This group has a direct link to the City of Sharonville and the Sharonville Chamber, so it allows businesses’ collective voice to be heard by City decision makers, so needs can be addressed." To arrange an interview with the SBAC call Tammy Riddle at (513) 563-0033.  And for more information, visit the Sharonville COC website here.  Writer:  Jonathan DeHartSource:  Sharonville Chamber of Commerce, Tammy Riddle

NKU College of Informatics expands into brave new world

In speaking with Dr. Douglas Perry, the Dean of the College of Informatics, it only takes a matter of time before one begins to share his excitement for Northern Kentucky University's new $50.8 million Center for Informatics.  Drawings show a state-of-the-art facility that will serve as both a new home for the College of Informatics as well as a gateway to the campus' West Quad.The 110,000-square-foot facility, designed by lead architect Goody Clancy and local architecture firm McGill Smith Punshon Inc., is made up of a central Informatics Common and "digitorium," flanked on two sides by four-story loft-style academic buildings.One enters the structure through the Informatics Common, designed to serve as an intersection between the social and digital worlds contained within the center. This space will house a "genius bar", complete with a multi-discipline technology help desk, research flex space, and a café.Within the Informatics Common sits the impressive two-story glass digitorium, the fully reconfigurable technological heart of the center equipped with audio/visual technology using high-quality LED, digital projection, and intelligent digital displays that allow users to watch, interact with, create and share information. The digitorium's transparent skin is designed to reflect the center's purpose by allowing those outside to witness human interaction, the most basic – yet most complex – of information sharing systems."With the digitorium we are going to be able to create or recreate anything digital including simulations of war rooms, gaming contests, 3D film festivals, mercantile trading houses or even a performance space," says Dr. Perry.What does the College of Informatics need with a performance space? Dr. Perry is happy to explain that his vision for informatics goes well beyond the "hardcore bit-level computer science." Although that research is important, Dr. Perry wants to reach much further… "all the way to a whole human-affected domain – including writing, communication, music, performance, even dance."Preliminary conversations have taken place with area arts leaders including Cincinnati Ballet CEO and Artistic Director, Victoria Morgan about using the College's resources in new and different ways."The digitorium will be saturated with high definition cameras that can take images of a performance, synthesize, render into a new image, and project onto the digitorium wall, all in real time. The artistic possibilities are endless," says Dr. Perry.Opening things we take for granted into a realm of endless possibility is at the very heart of the study of informatics. Dr. Perry continues, "We want to transcend the college to offer something so unique that it will draw in as many people as possible. I want people to walk in and understand immediately what informatics could mean to them."Lining the Informatics Common sits a pair of glass and metal lofts housing classrooms and labs arranged on the lower two floors, administrative functions stacked on the third floor, and faculty offices on the fourth floor.Construction of the Center for Informatics is expected to begin within the next two months, with completion occurring by July 2010.The Kentucky legislature has approved $35.5 million for the new center, with the remainder being funded by a mix of grants and private, government, and corporate funding."Currently there are very few colleges of informatics in the country," says Dr. Perry.  In fact NKU can boast it has one of less than a dozen like it around the nation."The University conducted a study five years ago where they looked at the surrounding economy and area and said, 'where can we go from here?'"The study showed that NKU was already graduating a number of students in the informatics field even without a program dedicated to it."The real reason we got the program started was because of the surrounding business community," says Perry.It turns out Northern Kentucky's industries and businesses possess a very real and practical need for talent honed in programs such as these. "85 percent of our graduates stay right here," says Perry who believes the new facility will help supply the skilled workforce needed for the region's information economy by attracting and retaining artists, musicians, entrepreneurs, and scientists.Currently a leader in Kentucky's e-health network through the modernization of the delivery of health care through technology, the college is looking to expand its study of electronic information to other disciplines. A $2 million investment into a virtual "cave" will open doors to a number of area companies wanting to perform simulated market research. "Most companies, even the larger ones, can’t make that kind of investment into that kind of technology," says Dr. Perry. "We'll be the only facility in the region that will be able to offer this kind of space to a wide array of companies."Writer: Kevin LeMaster and Jeff SyroneySource: Northern Kentucky University College of InformaticsRendering provided

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