Startup summit Calendar Continued from Page 1 Entrepreneurship Events for Spring 2012 Center for Entrepreneurship wealth, and take their place as future business, Sign up to receive event notifications via email at www.rochester.edu/entrepreneurship/ 1-211 Carol Simon Hall community, and philanthropic leaders.” signup. Register for select events online at www.rochester.edu/entrepreneurship/registration. innovations P.O. Box 270360 The two-day summit provided a unique www.rochester.edu/entrepreneurship • VOLUME 4, ISSUE 2 • Spring 2012 Rochester, NY 14627-0360 opportunity for the participating universities Thursday, March 29–Friday March 30 Thursday, April 19 to share and discover how other schools are Summit for Supporting Student Startups: Rochester Regional Business Plan Contest supporting, guiding, and preparing their stu- Entrepreneurship faculty, staff, and students Finals and the 4th Annual Celebration Change Service Requested dents who are interested in creating business- from more than a dozen colleges and of Entrepreneurship Luncheon: Duncan T. Moore Vice Provost es. Organizers reiterated the many benefits universities discuss best practices and 9 a.m. – 1:30 p.m.; Hyatt Regency, 125 E. for Entrepreneurship of sustaining student startups—they provide challenges in educating aspiring student Main St., Rochester; Online registration and exciting experiential curriculum for students, entrepreneurs and advancing student fee for luncheon required at htr.org Spring is an exceptionally busy time of year. economic development in the community, enterprises; Sheraton Syracuse University Saturday, April 21–Sunday, April 22 The technical entrepreneurship and manage- and a reason for graduates to stay in the area. Hotel; By invitation only 5th Annual ArtAwake*: Art and music ment (TEAM) master’s degree admissions Bruce Kingma, associate provost for entre- Thursday, April 5 festival in an urban space, founded by committee recently extended offers to more preneurship and innovation at Syracuse Uni- CEIS University Technology Showcase: a KEY student group; 2 p.m.–12 a.m.; than 100 applicants to the program—up from versity, required attending faculty and center The annual CEIS University Technology Rohrbach Brewing Co., 97 Railroad St., 64 offers last year. The quality of candidates directors to nominate student entrepreneurs Showcase provides a meeting place Rochester; Learn more at artawake.org significantly improved as well. We also hosted to join the conference. He requested these stu- for industry and universities to share the first-ever spring open campus for prospec- dents develop a “wish list” of courses and pro- Monday, April 23 P ho t o b y Ma ureen Konop ka information, identify new technical spotlight tive TEAM students at the end of March, grams that they believe would increase their Charles and Janet Forbes Entrepreneurial Scott Zorn ’12 (center) discussed the UR Consulting Group alongside opportunities and needs, and form new featuring a keynote lecture called “Recharging chances for success. He also asked students to Competition Entries Due: 5 p.m.; Submit University of Rochester student entrepreneurs from universities across New York at the partnerships; 1– 6 p.m.; Doubletree Hotel, Your Batteries,” delivered by Arunas Chesonis point out areas that need improvement. electronic copy to maureen.konopka@ Young Entrepreneurs Academy grads: where are they now? Summit for Supporting Student Startups in Syracuse. 1111 Jefferson Rd., Rochester; Free and ’91S (MBA), CEO and chairman at Sweetwater Scott Zorn ’12 (BA), president of the stu- rochester.edu; Open to Hajim School Not knowing much about business or “I was exposed to different big open to the public; Register online at www. Cover Story Energy and founder of PAETEC Holding Corp. dent-run UR Consulting Group, represent- undergraduate students only entrepreneurship, Eric Meyer ’12 (BA) business leaders in the Rochester ceis.rochester.edu/pages/showcase2012 Additionally, I am pleased to announce that ed Rochester on the summit’s student panel. was 15 when he saw a newspaper ad community,” said Lantuh. “They were Entrepreneurship Networking Night*: This Friday, April 27–Sunday, April 29 the TEAM program received the 2011 Award Presenting alongside students from Clarkson in the Democrat and Chronicle for a really inspiring and displayed a lot of event will bring together undergraduates, Inaugural Rochester Startup Weekend: L a n t uh hryn : K at A summit in support for Excellence in Specialty Entrepreneurship University, Rensselaer Polytechnic Institute, program called the Young Entrepre- drive and confidence, which really graduate students, faculty, alumni, and local Startup Weekend is an intense 54-hour Education, presented at the Global Consor- Rochester Institute of Technology, and Syra- neurs Academy (YEA!) at the University ignited the business spirit within me.” entrepreneurs to provide an opportunity for event that focuses on forming the basis tium of Entrepreneurship Centers during its cuse, he discussed the challenges of complet- of Rochester. YEA!, founded in 2004 Lantuh, a senior at Rochester of student startups networking and socializing; Refreshments of a credible business over the course of a annual conference in October. ing pro-bono project-based work for such with support from the Kauffman Foun- majoring in psychology with a minor provided; Sponsored by the undergraduate weekend; Eastman Business Park, 200 W. Applications are expected to be strong in organizations as Hayes Asset Management, dation, is a ground-breaking program in music, was accepted into the Guar- aculty, staff, and students from more than a dozen colleges and

UR Entrepreneurs Club; 6:30 –8:30 p.m.; Ridge Rd., Rochester; Registration required : E ric M . eyer; Bo tt om R igh t the sixth annual Mark Ain Business Model AHEAD Energy, and Gilda’s Club of Roch- that guides middle and high school stu- anteed Rochester Accelerated Degree entrepreneurship organizations from across New York, Cana- Schlegel Hall, Eisenberg Rotunda; RSVP to online at rochester.startupweekend. Competition. We encourage you to attend ester. He believes the support of faculty and dents through the process of launching in Education BA/BS + MS program for da, and as far away as Osaka, Japan, gathered in Syracuse at the [email protected] org; Cost is $99 or $49 for students F the finalists’ presentations on May 16 see( local mentors is vital in creating feasible solu- a real business over the course of an educational policy and reform at the end of March to discuss best practices in giving aspiring student entre- using promotional code “STUDENT” calendar on page 5). The winning team will be tions for his clients. Thursday, April 12 academic year. Warner Graduate School of Education preneurs a head start. The inaugural Summit for Supporting Student * (first 20 students will receive $25 toward offered a spot in the University’s new student

Other topics focused on different models F.I.R.E. Lecture Series : “Positive and With a passion for film, Meyer t esy oF YE A!; Bo tt om Le ft and Human Development. Startups highlighted the good, bad, and ugly of student incubation. the registration fee by contacting cfe@ incubator space at High Tech Rochester. of incubation, legal structures supporting stu- Negative Data in Patent Procurement— started Spotlight Video Productions, a “YEA! taught me that I can com- “By supporting students in starting ventures while in college, we are rochester.edu) This winter, the University completed an dent businesses, and funding sources. Duncan When to Provide It and Why It Matters”; full-service production company that bine my love for business with my staying true to our mission as educators,” said Stacey Keefe, executive essay outlining the impact of the Kauffman

Moore, vice provost for entrepreneurship and Tina McKeon, founding partner of Thursday, May 3 specializes in weddings, corporate Top P ho t os cour passion for education. I’m finding director of ExCEL (Center for Entrepreneurship Experiential Learn- Campuses Initiative, a $3.6 million Ewing Mar- the Rudolf and Hilda Kingslake Professor of McKeon Meunier Intellectual Property Law Mark Ain Business Model Competition promotional materials, and resort and Top left: Eric Meyer ’12 (BA) at the YEA! Trade Show in the May out that I can do both and that they Entrepreneurship ing) at Syracuse University. “They are learning skills that can be taken ion Kauffman Foundation grant with a $7.2 Optical Engineering at Rochester, spoke on in Atlanta, Ga.; 9 –10 a.m.; Class of ‘62 Semi-Final Presentations: 4–6 p.m.; travel videos, while enrolled in YEA!. Room, Wilson Commons; below: Meyer today. Top right: Kathryn complement each other,” she said. outside of college to create opportunities.” million University match awarded in 2004. models of education, including the Universi- Auditorium (G-9425 & 1-9425), Medical Schlegel 107; Free and open to the public; Through a projects-based curriculum, Lantuh ’12 (BA), ’13W (MS) filing DBAs at the Monroe County Lantuh is also the captain of the Syracuse University led the organization of the summit after receiv- In President Joel Seligman’s introduction, he ty’s new student incubator space at High Tech Center; RSVP to (585) 784.8856 or email RSVP to (585) 276-3500 or register online Meyer learned how to write a concise Clerk with fellow YEA! classmates; below: Lantuh today. women’s crew team and is in her sec- ing a $500,000 award from the U.S. Commerce Department’s Economic declared, “The breadth of the grant enabled Rochester, the technical entrepreneurship and [email protected] and formal business plan, pitch his idea ond year as a Resident Advisor. She Entrepren Development Administration (EDA) and the designation as an EDA Friday, May 4 for the University to establish entrepreneurship management master’s degree, and the Kauff- to investors, and market his company at a trade for YEA!, overseeing the program’s joint ventures has worked at the Mount Hope Family Center for University Center. The grant aims to ignite innovation, accelerate en- Wednesday, April 18 Charles and Janet Forbes Entrepreneurial as an enduring educational enterprise.” The man Entrepreneurial Year program. show. Shortly after graduating from the acad- and partnership with the U.S. Chamber of Com- three years and tutored first-graders at Rochester trepreneurship, and launch student ventures. Syracuse was one of 21 Mark Ain Business Model Competition Competition Presentations and piece included contributions from the deans Susanna Virgilio ’12 (BA), president of the emy, Meyer launched a second business, Young merce, publicizing the program among teachers City School No. 36. universities nationwide—and the only one in New York state—to re- Entries Due: 4 p.m.; Submit electronic Judging*: 1–4 p.m.; Schlegel 207; Free and and senior administrators at each school, UR Entrepreneurs Club and an entrepreneur- Scholar Adventures LLC, that organizes, launches, and parents, and establishing new sites. “We couldn’t be more proud of what our ceive the designation. copy to [email protected] open to the public; RSVP to (585) 276-3500 detailing the effects of the initiative and its ship major, enjoyed learning about other col- and manages youth academic day camps. Kathryn Lantuh ’12 (BA), ’13W (MS) was a YEA! graduates are achieving,” said Gayle Jagel, “This project leverages the most valuable asset in Upstate New Center for Entrepreneurship Lecture or register online future direction. leges’ program offerings. She also networked After visiting River Campus for his YEA! class junior in high school when she was accepted into founder and CEO of YEA!. “Eric and Katie are York—the intellectual capital of our colleges and universities,” said Series*: Nick Lantuh, president and director, Rochester is in a great position to drive eco- with like-minded students from Syracuse, Wednesday, May 16 each week, Rochester was Meyer’s top choice for the YEA! program at Rochester. She was moti- shining examples of how the academy helps stu- Linda Hartsock, director of community engagement and economic de- NetWitness Corporation; 4:40–5:45 p.m.; nomic growth. I am working to communicate Cornell University, and the State University Mark Ain Business Model Competition his college career. He enrolled on a scholarship vated by the idea of starting a real business and dents realize their full potential. I couldn’t imag- velopment at Syracuse University. “It will help the region retain our Gleason 318/418; Reception to follow in the many opportunities that the University and of New York at Albany. Finalists’ Presentations and Judging: from the McKelvey Foundation for Entrepreneur- interacting with local companies and clients. ine a better spot for them than at the University best and brightest, and provide the support system to launch and grow Schlegel Hall, Eisenberg Rotunda; Free the community offer (for example, see The Keefe agrees that this was a primary objec- 4–5:45 p.m.; Schlegel Hall, Eisenberg ial Spirit. Currently a senior majoring in political As a YEA! student, Lantuh and her sister, Chris- of Rochester, and it comes as no surprise that new ventures. We look forward to working with our academic partners, and open to the public; Register online at New York Times op-ed reprint on page 3). This tive of the event. “Hopefully, out of the sum- Rotunda; Free and open to the public; RSVP science, he has been involved in the 2012 Class tina, cofounded the company Beadnik, which they both have excelled on campus and beyond.” along with the many community mentors who support this program, simon.rochester.edu/alumnievents summer, look for my blog posts online at the mit will come further collaborations with to (585) 276-3500 or register online Council, UR Entrepreneurs Club, and College sold do-it-yourself beading kits and pre-made Today YEA! has served more than 600 students to grow a new generation of entrepreneurs who will create jobs and Democrat and Chronicle.

more people—not only at the faculty and ad- Republicans. In addition to his academic load jewelry and taught jewelry-making classes for in nine states across the country. Learn more Center Continued on Page 5 ministrative level—but among students.” * Check www.rochester.edu/entrepreneurship/events for the latest information. and extracurricular activities, Meyer is working birthday parties and other special occasions. about the program at yeausa.org.

CENTER FOR ENTREPRENEURSHIP/Spring 2012 5 www.rochester.edu/entrepreneurship CENTER FOR ENTREPRENEURSHIP/Spring 2012 6 www.rochester.edu/entrepreneurship University-wide and Community Profile Originally Published in the New York Times on February 3, 2012 IN BRIEF ALUMNI Notes Professor researches Jonny Trade joins incubator Koning breast scanner Richard C. Ling (BA), founder of a Startup Weekend to debut at Rochester’s Eastman Business Park No Rust in Rochester: Survival Lessons 1960 manufacturing consulting and educa- entrepreneurs in China An op-ed by Duncan T. Moore The University of Rochester student incubator receives EU approval tion company and current partner at Ling-Coldrick, A lot can be accomplished in a weekend, in- “The Startup Weekend in Syracuse was a at High Tech Rochester recently added a new With extensive knowledge of the Chi- After years of decline, Eastman Kodak, once leaves. In fact, it’s the very presence of a single Koning, a University of Rochester Medical was recently a featured speaker at the Industry Week cluding spring cleaning, a short camping trip, great learning opportunity for me,” he said. company, Jonny Trade, founded by Jonathan event “The Evolution of Sales & Operations Plan- nese language and culture, John Osburg, the largest employer in Rochester, filed for big company that can keep smaller ones from Center startup company that developed and even launching a company. Startup Week- “All business students can benefit from see- Markowicz ’13S (MBA). The online brokerage ning: Moving Beyond the ‘Single Plan.’” now an assistant professor in the Uni- bankruptcy protection last month. But rather taking root. an imaging system to detect breast cancer, end will debut in Rochester from April 27 to ing a side of entrepreneurship that can only be and investment firm differentiates itself by versity’s Department of than following Detroit, Cleveland and other Recognizing this risk, two decades ago announced it has obtained a key regulatory American Academy of Nursing Fellow 29 at Eastman Business Park. These intense experienced. For that reason, I want to see the using a unique pricing structure as the foun- Anthropology, traveled to once-bustling industrial cities into decay, Roch- Rochester began a network of private and approval from the European Union. This will 1965 Madeline Schmitt (N, BS), ’70 (MA) 54-hour events bring together software devel- program happen here in Rochester.” dation for all transactions, and the patent Chengdu, China, to begin ester continues to grow at a healthy clip. Why? nonprofit partnerships to diversify its economy. allow for its Koning Breast CT scanner to will represent the organization at the Institute of opers, designers, marketers, product manag- Walker enjoyed working with profession- on the business system is currently pending. Medicine’s Global Forum on Innovation in Health his doctoral research for The question goes beyond the city limits of Organizations like High Tech Rochester and be marketed and sold throughout the EU. ers, students, and entrepreneurship enthusiasts als with non-business backgrounds like web Markowicz says the firm has the potential to Professional Education, which aims to bring together the University of Chicago what was once called “Snapshot City.” Why Greater Rochester Enterprise work with local The technology combines the advantages of to share ideas, form teams, build products, and development and graphic design. He found grow into the algorithm and software devel- interdisciplinary leaders to address challenges in 2002. As a foreigner does Pittsburgh prosper while Detroit sputters? government and academia to train entrepreneurs digital x-ray with computed tomography to in health professional education and support the ultimately launch businesses. the high-energy and casual atmosphere at the opment markets using its proprietary index of who spoke the language How did San Diego make the transition from and support new business ventures. Since 1996, produce three-dimensional pictures without incubation and evaluation of new solutions. “The Startup Weekend model takes every- event made it easy to connect with people and behavioral data. Jonny Trade joins other incu- fluently, he was consid- a Navy town to a diversified economic success 51 start-ups—38 of which are still active— having to compress the breast tissue. Ruola thing a startup entrepreneur could want and meet mentors and investors in the area. bator businesses, Aught9 and MediTel Health Press Ganey Associates, an industry ered a novelty among the many people while Fresno, Calif., has one of the country’s were created based on University of Rochester Ning, a professor of Radiology at URMC, brings it all under one roof for the weekend,” In addition to UNYstartups and the Simon Solutions. Rochester students interested in 1980 leader in health care performance he met while studying and taking classes highest home foreclosure rates? technologies alone. invented the imaging system and serves as said Michael Kruk, cofounder of UNYstart- Graduate School of Business, the Rochester applying can download an application at improvement based in South Bend, Ind., announced t esy o f Ea s m a n Kod ak at the provincial university. He was often The answers are complex and unique to each. The state and federal governments have been president of Koning. The company is also it hired Patrick T. Ryan (BA), a 30-year health care ups.com and venture analyst at Excell Partners Startup Weekend planning committee is led rochester.edu/entrepreneurship/incubator. asked to emcee corporate events and But the latest city to struggle with economic dis- a big help, too. In 2006, the region around Roch- seeking approval from regulatory authorities industry veteran, as its new chief executive officer. Inc., who is also part of the Rochester Startup by CenterState CEO, Excell Partners, High

P ho t o C our even co-hosted a televised variety show. location shows how good policy making, entre- ester received a four-year federal Department in the United States, Canada, and China. Weekend planning committee. Tech Rochester, Rochester Institute of Tech- Bradford Berk (M, MD, PhD), chief Rochester Startup Weekend will take place Through these interactions, Osburg forged preneurship and a little luck can ensure that a of Labor grant to finance economic develop- Chem professors named Close to 500 Weekends have taken place nology, and the University of Rochester Cen- 1981 executive officer of the University of at Eastman Business Park from April 27–29. relationships with the locals, allowing city doesn’t just survive, but thrive. ment initiatives—which in turn paved the way across the globe since the first event was held ter for Entrepreneurship. CenterState CEO is latest Tech Development Entrepreneurship gains Rochester Medical Center, has been appointed to the him to conduct ethnographic fieldwork in While no one here is glad to see Kodak go for almost $70 million in projects awarded in Board of Directors for Raland Therapeutics Inc., a in Boulder, Colo., in 2007. A whopping 5,000 PluggedIN, iCardiac, and Merrill Lynch will working to initiate Startup Weekends in cities southwest China for three years. bankrupt, it’s hardly the catastrophe many 2011 from Gov. Andrew M. Cuomo’s Regional Fund recipients popularity in dissertations transformational medical device company with head- startups have been created through the orga- help teams develop their concepts and presen- across upstate and central New York, includ- Osburg’s research revolved around imagine. Indeed, while over three decades Economic Development Council initiative. Todd Krauss and Lewis Rothberg, both One recent graduate and two doctoral quarters in Fairport, N.Y. nization, and 45,000 people call themselves tations. The Weekend culminates in a compe- ing Buffalo, Binghamton, and Albany. China’s new rich, who have emerged over Kodak’s Rochester-area employment dropped Creative destruction will continue to wreak professors of chemistry, are the latest to candidates—representing three disciplines— Startup Weekend alumni. Even more impres- tition—participants pitch their startups to a “There is a lot of good happening in the The Korea Foundation, an organization the past three decades since China began to fewer than 7,000 jobs from 61,000, the com- havoc across the global economy. The experi- receive grants from the University’s Tech- have each centered their dissertation research sive, 36 percent of businesses developed at the panel of judges on Sunday evening. Rochester startup ecosystem, but it is spread 1988 that aims to enhance the image of market-oriented economic reforms in the munity itself gained a net 90,000 jobs. That’s ence of Rochester, San Diego, Pittsburgh and nology Development Fund. The fund was on entrepreneurial themes. Sally Ellis Fletcher Korea in the world and also to promote academic events still exist three months out, and about Javaree Walker ’12S (MS) was part of a six- out both geographically and politically,” said late 1970s. He was interested in how the because the Rochester economy is more diverse other cities in surviving offers several lessons. launched to help University scientists advance ’10N (PhD) studied nursing faculty and stu- and cultural exchange programs, recently named 80 percent of participants continue to work to- member team to win first place and $2,500 at Kruk. “A main goal of the event is to connect Woosang Kim Chinese were making sense of the rise than most realize — in part, surprisingly, be- The first is to make better use of local intel- technologies closer to the stage where they dents’ behavioral intentions and perceptions (PhD) as its new president. Kim also gether long after the weekend is over. the Syracuse Startup Weekend in November the hubs that are truly passionate about entre- serves as a political science professor at Sookmyung of new social groups, especially business cause of Kodak. The high-skilled workers it let lectual capital, starting with universities. One can be transferred to the market. Krauss led toward entrepreneurship in nursing. Nikhil The Rochester weekend will feature key- 2011. The group developed StatusQ, a mobile preneurship and to show how much we can University and Yonsei University. owners with newfound wealth. He studied go over the years created a valuable labor pool challenge Rochester faces is replacing the young a team in creating a procedure to engineer Varerkar, a doctoral candidate at the Warner note speakers Monroe County Executive Mag- application that allows diners to check in at accomplish by collaborating as a whole.” their devotion to network building in all for start-up companies, particularly in optics people who once came to work in Kodak’s labo- high-quality, inexpensive semiconductor School, is currently working on his disserta- Kenneth K. Conte (S, MBA) joined gie Brooks and David Koretz, president and restaurants and receive a text when their table To participate, register online at rochester. aspects of their lives—from making deals and photonics. ratories. Here’s where higher education comes nanocrystals. These materials, none currently tion, focusing on human capital development Frontier Oilfield Services Inc., an oil- CEO of Mykonos Software Inc. and CEO of is ready. Walker is now helping to organize the startupweekend.org. Tickets are $99 for gen- 2004 to advancing their social status. It also helps that Rochester has a strong high- in handy: public and private organizations commercially available, can be used in the and the role of higher education in eco- field services company with operations focused pri- BlueTie Inc. Mentors from such companies as Rochester Weekend. eral admission and $49 for students. marily in Texas, as the company’s new vice president Finding that many, if not all, of the new er-education sector, which has likewise been should build connections with students through biomedical imaging industry. Rothberg and nomic growth. Political science PhD student and chief financial officer. rich in China are entrepreneurs, Osburg supported by Kodak. The University of Roch- internships and other efforts that give graduates his researchers are working to develop a diag- Jonathan Klingler is investigating the role that examined the considerable amount of time ester became a leading research center through a reason to stick around. nostic platform for the on-site testing of fruit club goods play in encouraging individuals to Forbes named Joshua Pollard (BA), vice Simon Graduate School of Business they spent cultivating relationships with gifts from Kodak’s founder, George Eastman, Moreover, universities provide stability in a and vegetable pathogens. This tool will allow join and remain in organizations, specifically 2005 president at Goldman Sachs, to its 30 Simon alumnus says startup success begins with a strong value proposition state officials and other entrepreneurs. The who also gave generously to the Rochester In- rough economy by drawing in state and federal growers to get results much faster and at a studying how mission uncertainty affects indi- Under 30 list in finance. strength of these networks was remark- stitute of Technology. dollars, which can compensate for the decline of cost of up to 20 times less per sample than vidual behavior, which can help entrepreneurs Robert Bates (S, MBA), David After graduating from the Simon Graduate “Nine employees have MBAs,” said Chaun- like the Rochester Angel Network offer seed able. They provided support in every aspect These universities have an immense impact a major employer. off-site laboratory testing. optimize certainty about their goals. 2008 Chauncey ’09S (MBA), and Benjamin School of Business with a triple concentration cey. “That’s a lot for a technical company.” funding and access to executives that can men- of business from financial backing to ar- on the regional economy. The University of Of course, private companies need to be part Randisi ’09S (MBA) were recently issued U.S. Patent in finance, entrepreneurship, and competitive Fellow classmate Nick Elliott ’09S (MBA), a tor aspiring entrepreneurs. Several universi- ranging meetings with powerful contacts. Rochester, along with its medical center, is now of the game as well. Those left behind when a No. 8,044,794 for technology that blocks mobile and organizational strategy, David Chauncey software engineer at the firm, saw joining the ties in the area have technology available to “Social networks provided a safety net the area’s largest employer. Over the last five dominant employer disappears must be will- phone use while inside a car. They developed the idea as Simon School students in ENT 422, taught by ’09S (MBA) decided to leverage his advanced startup as a great avenue for personal growth. commercialize while also supplying a highly and allowed them to take risks they might years it has received more than $1.9 billion in ing to pivot to a longer view, as Kodak did for innovations Volume 4, Issue 2 • Spring 2012 Professor Mark W. Wilson. knowledge by launching his second company, “You get a lot more exposure here than at a skilled technical workforce. He notes that his not otherwise take,” said Osburg. research money, most of it from the federal gov- generations. Instead of managing quarter to Vnomics. The firm offers a proprietary soft- big company,” he said. “You see business from firm’s telematics software is licensed from a However, he also observed tremendous ernment, which has in turn fueled local growth quarter, they must help reinforce the local work Editor/Layout Supervisor Entrepreneurship Are you an entrepreneur? Natalie Yager Antal University-wide ware system to fleet owners of heavy commer- a different angle and come to respect what core technology developed at Rochester Insti- pressure on the entrepreneurs to maintain beyond the campus gates. force, as well as invest in the community so as to Stay connected. Key to School Abbreviations Senior Staff Reporter • Eastman School of Music Address correspondence to: cial vehicles. On-board computers communi- happens behind the scenes to make everything tute of Technology. their social networks and status. Business- Yet another asset is Rochester’s cultural keep it attractive to new high-skilled workers. E Eastman School of Music Maureen Konopka • Hajim School of Engineering The University of Rochester cate the performance status of trucks, tractor run smoothly.” Chauncey also likes to emphasize the im- men often complained about having to institutions. Many highly skilled former Kodak Put differently, there is no single answer for and Applied Sciences Center for Entrepreneurship M School of Medicine and Dentistry Contributor portance of presenting an overwhelming value participate in ritualized entertainment, Innovations trailers, and military vehicles in real time. Both Chauncey and Elliott returned to the workers chose to stay because of the amenities cities facing the departure of a major employer, Leslie Orr • School of Arts and Sciences N School of Nursing 1-211 Carol Simon Hall Today Vnomics has grown its revenue by a Simon School this past winter quarter as guest proposition to customers. His product pays for night after night. These elite groups were inspired by Eastman’s philanthropy, including and there are many things unique to Rochester, • School of Medicine and Dentistry S Simon Graduate School of Business Photos Provided By P.O. Box 270360 also bound by countless obligations, oper- factor of 10 each year for the past three years speakers for ENT422 Generation & Screen- itself in six months and has an average lifespan the Eastman School of Music, the Rochester Pittsburgh and San Diego that have allowed Eastman Kodak • School of Nursing Rochester, NY 14627-0360 W Warner Graduate School of Education and has gone from Chauncey on his own op- ing Entrepreneurial Ideas, taught by Professor of five to seven years. It is a value he hopes to ating under an informal moral code—one Philharmonic and the International Museum them to thrive where others have foundered. Kathryn Lantuh Center for Nursing Entrepreneurship Phone (585) 276-3500 Eric Meyer erating the company virtually to employing Mark W. Wilson. As students, they found lis- bring to new clients as the company starts to that other Chinese found questionable. of Photography. But long-term investments in education, culture • Simon Graduate School Young Entrepreneurs Academy of Business Administration Email [email protected] Send us CLASS notes If you have an announce- 31 with headquarters in Pittsford, N.Y. Four tening to real-world experiences to be one of expand internationally this year. Osburg is currently working on a book True, many Rust Belt cities have fine uni- and community have made all three postindus- ment you’d like to share with your fellow alumni, please Vnomics staff members are Simon School the most valuable aspects of the program. “You never really know if your idea for a based on his research, Anxious Wealth: versities and cultural institutions. What they trial success stories, and there is no reason such Vice Provost for Entrepreneurship • Warner Graduate School of Website Duncan T. Moore Education and Human Development www.rochester.edu/entrepreneurship submit your professional news to Innovations at 1-211 alumni, and one will complete the school’s Chauncey tells students that Rochester is a business is a good one until someone is willing Money, Morality, and Social Networks lack, however, is a fertile entrepreneurial class a strategy can’t help the next city hit by a big- Carol Simon Hall, P . O . Box 270360, Rochester, NY EMBA program in June. great place to start a company. Organizations to pay you for it,” he said. among China’s New Rich. to move in as the dominant employer fades and business bankruptcy to follow their lead. To receive this publication on a regular basis, please submit your name, company, and address to Innovations via phone, email, or mail. 14627–0360 or email [email protected].

CENTER FOR ENTREPRENEURSHIP/Spring 2012 2 www.rochester.edu/entrepreneurship CENTER FOR ENTREPRENEURSHIP/Spring 2012 3 www.rochester.edu/entrepreneurship CENTER FOR ENTREPRENEURSHIP/Spring 2012 4 www.rochester.edu/entrepreneurship University-wide and Community Profile Originally Published in the New York Times on February 3, 2012 IN BRIEF ALUMNI Notes Professor researches Jonny Trade joins incubator Koning breast scanner Richard C. Ling (BA), founder of a Startup Weekend to debut at Rochester’s Eastman Business Park No Rust in Rochester: Survival Lessons 1960 manufacturing consulting and educa- entrepreneurs in China An op-ed by Duncan T. Moore The University of Rochester student incubator receives EU approval tion company and current partner at Ling-Coldrick, A lot can be accomplished in a weekend, in- “The Startup Weekend in Syracuse was a at High Tech Rochester recently added a new With extensive knowledge of the Chi- After years of decline, Eastman Kodak, once leaves. In fact, it’s the very presence of a single Koning, a University of Rochester Medical was recently a featured speaker at the Industry Week cluding spring cleaning, a short camping trip, great learning opportunity for me,” he said. company, Jonny Trade, founded by Jonathan event “The Evolution of Sales & Operations Plan- nese language and culture, John Osburg, the largest employer in Rochester, filed for big company that can keep smaller ones from Center startup company that developed and even launching a company. Startup Week- “All business students can benefit from see- Markowicz ’13S (MBA). The online brokerage ning: Moving Beyond the ‘Single Plan.’” now an assistant professor in the Uni- bankruptcy protection last month. But rather taking root. an imaging system to detect breast cancer, end will debut in Rochester from April 27 to ing a side of entrepreneurship that can only be and investment firm differentiates itself by versity’s Department of than following Detroit, Cleveland and other Recognizing this risk, two decades ago announced it has obtained a key regulatory American Academy of Nursing Fellow 29 at Eastman Business Park. These intense experienced. For that reason, I want to see the using a unique pricing structure as the foun- Anthropology, traveled to once-bustling industrial cities into decay, Roch- Rochester began a network of private and approval from the European Union. This will 1965 Madeline Schmitt (N, BS), ’70 (MA) 54-hour events bring together software devel- program happen here in Rochester.” dation for all transactions, and the patent Chengdu, China, to begin ester continues to grow at a healthy clip. Why? nonprofit partnerships to diversify its economy. allow for its Koning Breast CT scanner to will represent the organization at the Institute of opers, designers, marketers, product manag- Walker enjoyed working with profession- on the business system is currently pending. Medicine’s Global Forum on Innovation in Health his doctoral research for The question goes beyond the city limits of Organizations like High Tech Rochester and be marketed and sold throughout the EU. ers, students, and entrepreneurship enthusiasts als with non-business backgrounds like web Markowicz says the firm has the potential to Professional Education, which aims to bring together the University of Chicago what was once called “Snapshot City.” Why Greater Rochester Enterprise work with local The technology combines the advantages of to share ideas, form teams, build products, and development and graphic design. He found grow into the algorithm and software devel- interdisciplinary leaders to address challenges in 2002. As a foreigner does Pittsburgh prosper while Detroit sputters? government and academia to train entrepreneurs digital x-ray with computed tomography to in health professional education and support the ultimately launch businesses. the high-energy and casual atmosphere at the opment markets using its proprietary index of who spoke the language How did San Diego make the transition from and support new business ventures. Since 1996, produce three-dimensional pictures without incubation and evaluation of new solutions. “The Startup Weekend model takes every- event made it easy to connect with people and behavioral data. Jonny Trade joins other incu- fluently, he was consid- a Navy town to a diversified economic success 51 start-ups—38 of which are still active— having to compress the breast tissue. Ruola thing a startup entrepreneur could want and meet mentors and investors in the area. bator businesses, Aught9 and MediTel Health Press Ganey Associates, an industry ered a novelty among the many people while Fresno, Calif., has one of the country’s were created based on University of Rochester Ning, a professor of Radiology at URMC, brings it all under one roof for the weekend,” In addition to UNYstartups and the Simon Solutions. Rochester students interested in 1980 leader in health care performance he met while studying and taking classes highest home foreclosure rates? technologies alone. invented the imaging system and serves as said Michael Kruk, cofounder of UNYstart- Graduate School of Business, the Rochester applying can download an application at improvement based in South Bend, Ind., announced t esy o f Ea s m a n Kod ak at the provincial university. He was often The answers are complex and unique to each. The state and federal governments have been president of Koning. The company is also it hired Patrick T. Ryan (BA), a 30-year health care ups.com and venture analyst at Excell Partners Startup Weekend planning committee is led rochester.edu/entrepreneurship/incubator. asked to emcee corporate events and But the latest city to struggle with economic dis- a big help, too. In 2006, the region around Roch- seeking approval from regulatory authorities industry veteran, as its new chief executive officer. Inc., who is also part of the Rochester Startup by CenterState CEO, Excell Partners, High

P ho t o C our even co-hosted a televised variety show. location shows how good policy making, entre- ester received a four-year federal Department in the United States, Canada, and China. Weekend planning committee. Tech Rochester, Rochester Institute of Tech- Bradford Berk (M, MD, PhD), chief Rochester Startup Weekend will take place Through these interactions, Osburg forged preneurship and a little luck can ensure that a of Labor grant to finance economic develop- Chem professors named Close to 500 Weekends have taken place nology, and the University of Rochester Cen- 1981 executive officer of the University of at Eastman Business Park from April 27–29. relationships with the locals, allowing city doesn’t just survive, but thrive. ment initiatives—which in turn paved the way across the globe since the first event was held ter for Entrepreneurship. CenterState CEO is latest Tech Development Entrepreneurship gains Rochester Medical Center, has been appointed to the him to conduct ethnographic fieldwork in While no one here is glad to see Kodak go for almost $70 million in projects awarded in Board of Directors for Raland Therapeutics Inc., a in Boulder, Colo., in 2007. A whopping 5,000 PluggedIN, iCardiac, and Merrill Lynch will working to initiate Startup Weekends in cities southwest China for three years. bankrupt, it’s hardly the catastrophe many 2011 from Gov. Andrew M. Cuomo’s Regional Fund recipients popularity in dissertations transformational medical device company with head- startups have been created through the orga- help teams develop their concepts and presen- across upstate and central New York, includ- Osburg’s research revolved around imagine. Indeed, while over three decades Economic Development Council initiative. Todd Krauss and Lewis Rothberg, both One recent graduate and two doctoral quarters in Fairport, N.Y. nization, and 45,000 people call themselves tations. The Weekend culminates in a compe- ing Buffalo, Binghamton, and Albany. China’s new rich, who have emerged over Kodak’s Rochester-area employment dropped Creative destruction will continue to wreak professors of chemistry, are the latest to candidates—representing three disciplines— Startup Weekend alumni. Even more impres- tition—participants pitch their startups to a “There is a lot of good happening in the The Korea Foundation, an organization the past three decades since China began to fewer than 7,000 jobs from 61,000, the com- havoc across the global economy. The experi- receive grants from the University’s Tech- have each centered their dissertation research sive, 36 percent of businesses developed at the panel of judges on Sunday evening. Rochester startup ecosystem, but it is spread 1988 that aims to enhance the image of market-oriented economic reforms in the munity itself gained a net 90,000 jobs. That’s ence of Rochester, San Diego, Pittsburgh and nology Development Fund. The fund was on entrepreneurial themes. Sally Ellis Fletcher Korea in the world and also to promote academic events still exist three months out, and about Javaree Walker ’12S (MS) was part of a six- out both geographically and politically,” said late 1970s. He was interested in how the because the Rochester economy is more diverse other cities in surviving offers several lessons. launched to help University scientists advance ’10N (PhD) studied nursing faculty and stu- and cultural exchange programs, recently named 80 percent of participants continue to work to- member team to win first place and $2,500 at Kruk. “A main goal of the event is to connect Chinese were making sense of the rise than most realize — in part, surprisingly, be- The first is to make better use of local intel- technologies closer to the stage where they dents’ behavioral intentions and perceptions Woosang Kim (PhD) as its new president. Kim also gether long after the weekend is over. the Syracuse Startup Weekend in November the hubs that are truly passionate about entre- serves as a political science professor at Sookmyung of new social groups, especially business cause of Kodak. The high-skilled workers it let lectual capital, starting with universities. One can be transferred to the market. Krauss led toward entrepreneurship in nursing. Nikhil The Rochester weekend will feature key- 2011. The group developed StatusQ, a mobile preneurship and to show how much we can University and Yonsei University. owners with newfound wealth. He studied go over the years created a valuable labor pool challenge Rochester faces is replacing the young a team in creating a procedure to engineer Varerkar, a doctoral candidate at the Warner note speakers Monroe County Executive Mag- application that allows diners to check in at accomplish by collaborating as a whole.” their devotion to network building in all for start-up companies, particularly in optics people who once came to work in Kodak’s labo- high-quality, inexpensive semiconductor School, is currently working on his disserta- Kenneth K. Conte (S, MBA) joined gie Brooks and David Koretz, president and restaurants and receive a text when their table To participate, register online at rochester. aspects of their lives—from making deals and photonics. ratories. Here’s where higher education comes nanocrystals. These materials, none currently tion, focusing on human capital development Frontier Oilfield Services Inc., an oil- CEO of Mykonos Software Inc. and CEO of is ready. Walker is now helping to organize the startupweekend.org. Tickets are $99 for gen- 2004 to advancing their social status. It also helps that Rochester has a strong high- in handy: public and private organizations commercially available, can be used in the and the role of higher education in eco- field services company with operations focused pri- BlueTie Inc. Mentors from such companies as Rochester Weekend. eral admission and $49 for students. marily in Texas, as the company’s new vice president Finding that many, if not all, of the new er-education sector, which has likewise been should build connections with students through biomedical imaging industry. Rothberg and nomic growth. Political science PhD student and chief financial officer. rich in China are entrepreneurs, Osburg supported by Kodak. The University of Roch- internships and other efforts that give graduates his researchers are working to develop a diag- Jonathan Klingler is investigating the role that examined the considerable amount of time ester became a leading research center through a reason to stick around. nostic platform for the on-site testing of fruit club goods play in encouraging individuals to Forbes named Joshua Pollard (BA), vice Simon Graduate School of Business they spent cultivating relationships with gifts from Kodak’s founder, George Eastman, Moreover, universities provide stability in a and vegetable pathogens. This tool will allow join and remain in organizations, specifically 2005 president at Goldman Sachs, to its 30 Simon alumnus says startup success begins with a strong value proposition state officials and other entrepreneurs. The who also gave generously to the Rochester In- rough economy by drawing in state and federal growers to get results much faster and at a studying how mission uncertainty affects indi- Under 30 list in finance. strength of these networks was remark- stitute of Technology. dollars, which can compensate for the decline of cost of up to 20 times less per sample than vidual behavior, which can help entrepreneurs Robert Bates (S, MBA), David After graduating from the Simon Graduate “Nine employees have MBAs,” said Chaun- like the Rochester Angel Network offer seed able. They provided support in every aspect These universities have an immense impact a major employer. off-site laboratory testing. optimize certainty about their goals. 2008 Chauncey ’09S (MBA), and Benjamin School of Business with a triple concentration cey. “That’s a lot for a technical company.” funding and access to executives that can men- of business from financial backing to ar- on the regional economy. The University of Of course, private companies need to be part Randisi ’09S (MBA) were recently issued U.S. Patent in finance, entrepreneurship, and competitive Fellow classmate Nick Elliott ’09S (MBA), a tor aspiring entrepreneurs. Several universi- ranging meetings with powerful contacts. Rochester, along with its medical center, is now of the game as well. Those left behind when a No. 8,044,794 for technology that blocks mobile and organizational strategy, David Chauncey software engineer at the firm, saw joining the ties in the area have technology available to “Social networks provided a safety net the area’s largest employer. Over the last five dominant employer disappears must be will- phone use while inside a car. They developed the idea as Simon School students in ENT 422, taught by ’09S (MBA) decided to leverage his advanced startup as a great avenue for personal growth. commercialize while also supplying a highly and allowed them to take risks they might years it has received more than $1.9 billion in ing to pivot to a longer view, as Kodak did for innovations Volume 4, Issue 2 • Spring 2012 Professor Mark W. Wilson. knowledge by launching his second company, “You get a lot more exposure here than at a skilled technical workforce. He notes that his not otherwise take,” said Osburg. research money, most of it from the federal gov- generations. Instead of managing quarter to Vnomics. The firm offers a proprietary soft- big company,” he said. “You see business from firm’s telematics software is licensed from a However, he also observed tremendous ernment, which has in turn fueled local growth quarter, they must help reinforce the local work Editor/Layout Supervisor Entrepreneurship Are you an entrepreneur? Natalie Yager Antal University-wide ware system to fleet owners of heavy commer- a different angle and come to respect what core technology developed at Rochester Insti- pressure on the entrepreneurs to maintain beyond the campus gates. force, as well as invest in the community so as to Stay connected. Key to School Abbreviations Senior Staff Reporter • Eastman School of Music Address correspondence to: cial vehicles. On-board computers communi- happens behind the scenes to make everything tute of Technology. their social networks and status. Business- Yet another asset is Rochester’s cultural keep it attractive to new high-skilled workers. E Eastman School of Music Maureen Konopka • Hajim School of Engineering The University of Rochester cate the performance status of trucks, tractor run smoothly.” Chauncey also likes to emphasize the im- men often complained about having to institutions. Many highly skilled former Kodak Put differently, there is no single answer for and Applied Sciences Center for Entrepreneurship M School of Medicine and Dentistry Contributor participate in ritualized entertainment, Innovations trailers, and military vehicles in real time. Both Chauncey and Elliott returned to the portance of presenting an overwhelming value workers chose to stay because of the amenities cities facing the departure of a major employer, Leslie Orr • School of Arts and Sciences N School of Nursing 1-211 Carol Simon Hall Today Vnomics has grown its revenue by a Simon School this past winter quarter as guest proposition to customers. His product pays for night after night. These elite groups were inspired by Eastman’s philanthropy, including and there are many things unique to Rochester, • School of Medicine and Dentistry S Simon Graduate School of Business Photos Provided By P.O. Box 270360 also bound by countless obligations, oper- factor of 10 each year for the past three years speakers for ENT422 Generation & Screen- itself in six months and has an average lifespan the Eastman School of Music, the Rochester Pittsburgh and San Diego that have allowed Eastman Kodak • School of Nursing Rochester, NY 14627-0360 W Warner Graduate School of Education and has gone from Chauncey on his own op- ing Entrepreneurial Ideas, taught by Professor of five to seven years. It is a value he hopes to ating under an informal moral code—one Philharmonic and the International Museum them to thrive where others have foundered. Kathryn Lantuh Center for Nursing Entrepreneurship Phone (585) 276-3500 Eric Meyer erating the company virtually to employing Mark W. Wilson. As students, they found lis- bring to new clients as the company starts to that other Chinese found questionable. of Photography. But long-term investments in education, culture • Simon Graduate School Young Entrepreneurs Academy of Business Administration Email [email protected] Send us CLASS notes If you have an announce- 31 with headquarters in Pittsford, N.Y. Four tening to real-world experiences to be one of expand internationally this year. Osburg is currently working on a book True, many Rust Belt cities have fine uni- and community have made all three postindus- ment you’d like to share with your fellow alumni, please Vnomics staff members are Simon School the most valuable aspects of the program. “You never really know if your idea for a based on his research, Anxious Wealth: versities and cultural institutions. What they trial success stories, and there is no reason such Vice Provost for Entrepreneurship • Warner Graduate School of Website Duncan T. Moore Education and Human Development www.rochester.edu/entrepreneurship submit your professional news to Innovations at 1-211 alumni, and one will complete the school’s Chauncey tells students that Rochester is a business is a good one until someone is willing Money, Morality, and Social Networks lack, however, is a fertile entrepreneurial class a strategy can’t help the next city hit by a big- Carol Simon Hall, P . O . Box 270360, Rochester, NY EMBA program in June. great place to start a company. Organizations to pay you for it,” he said. among China’s New Rich. to move in as the dominant employer fades and business bankruptcy to follow their lead. To receive this publication on a regular basis, please submit your name, company, and address to Innovations via phone, email, or mail. 14627–0360 or email [email protected].

CENTER FOR ENTREPRENEURSHIP/Spring 2012 2 www.rochester.edu/entrepreneurship CENTER FOR ENTREPRENEURSHIP/Spring 2012 3 www.rochester.edu/entrepreneurship CENTER FOR ENTREPRENEURSHIP/Spring 2012 4 www.rochester.edu/entrepreneurship University-wide and Community Profile Originally Published in the New York Times on February 3, 2012 IN BRIEF ALUMNI Notes Professor researches Jonny Trade joins incubator Koning breast scanner Richard C. Ling (BA), founder of a Startup Weekend to debut at Rochester’s Eastman Business Park No Rust in Rochester: Survival Lessons 1960 manufacturing consulting and educa- entrepreneurs in China An op-ed by Duncan T. Moore The University of Rochester student incubator receives EU approval tion company and current partner at Ling-Coldrick, A lot can be accomplished in a weekend, in- “The Startup Weekend in Syracuse was a at High Tech Rochester recently added a new With extensive knowledge of the Chi- After years of decline, Eastman Kodak, once leaves. In fact, it’s the very presence of a single Koning, a University of Rochester Medical was recently a featured speaker at the Industry Week cluding spring cleaning, a short camping trip, great learning opportunity for me,” he said. company, Jonny Trade, founded by Jonathan event “The Evolution of Sales & Operations Plan- nese language and culture, John Osburg, the largest employer in Rochester, filed for big company that can keep smaller ones from Center startup company that developed and even launching a company. Startup Week- “All business students can benefit from see- Markowicz ’13S (MBA). The online brokerage ning: Moving Beyond the ‘Single Plan.’” now an assistant professor in the Uni- bankruptcy protection last month. But rather taking root. an imaging system to detect breast cancer, end will debut in Rochester from April 27 to ing a side of entrepreneurship that can only be and investment firm differentiates itself by versity’s Department of than following Detroit, Cleveland and other Recognizing this risk, two decades ago announced it has obtained a key regulatory American Academy of Nursing Fellow 29 at Eastman Business Park. These intense experienced. For that reason, I want to see the using a unique pricing structure as the foun- Anthropology, traveled to once-bustling industrial cities into decay, Roch- Rochester began a network of private and approval from the European Union. This will 1965 Madeline Schmitt (N, BS), ’70 (MA) 54-hour events bring together software devel- program happen here in Rochester.” dation for all transactions, and the patent Chengdu, China, to begin ester continues to grow at a healthy clip. Why? nonprofit partnerships to diversify its economy. allow for its Koning Breast CT scanner to will represent the organization at the Institute of opers, designers, marketers, product manag- Walker enjoyed working with profession- on the business system is currently pending. Medicine’s Global Forum on Innovation in Health his doctoral research for The question goes beyond the city limits of Organizations like High Tech Rochester and be marketed and sold throughout the EU. ers, students, and entrepreneurship enthusiasts als with non-business backgrounds like web Markowicz says the firm has the potential to Professional Education, which aims to bring together the University of Chicago what was once called “Snapshot City.” Why Greater Rochester Enterprise work with local The technology combines the advantages of to share ideas, form teams, build products, and development and graphic design. He found grow into the algorithm and software devel- interdisciplinary leaders to address challenges in 2002. As a foreigner does Pittsburgh prosper while Detroit sputters? government and academia to train entrepreneurs digital x-ray with computed tomography to in health professional education and support the ultimately launch businesses. the high-energy and casual atmosphere at the opment markets using its proprietary index of who spoke the language How did San Diego make the transition from and support new business ventures. Since 1996, produce three-dimensional pictures without incubation and evaluation of new solutions. “The Startup Weekend model takes every- event made it easy to connect with people and behavioral data. Jonny Trade joins other incu- fluently, he was consid- a Navy town to a diversified economic success 51 start-ups—38 of which are still active— having to compress the breast tissue. Ruola thing a startup entrepreneur could want and meet mentors and investors in the area. bator businesses, Aught9 and MediTel Health Press Ganey Associates, an industry ered a novelty among the many people while Fresno, Calif., has one of the country’s were created based on University of Rochester Ning, a professor of Radiology at URMC, brings it all under one roof for the weekend,” In addition to UNYstartups and the Simon Solutions. Rochester students interested in 1980 leader in health care performance he met while studying and taking classes highest home foreclosure rates? technologies alone. invented the imaging system and serves as said Michael Kruk, cofounder of UNYstart- Graduate School of Business, the Rochester applying can download an application at improvement based in South Bend, Ind., announced t esy o f Ea s m a n Kod ak at the provincial university. He was often The answers are complex and unique to each. The state and federal governments have been president of Koning. The company is also it hired Patrick T. Ryan (BA), a 30-year health care ups.com and venture analyst at Excell Partners Startup Weekend planning committee is led rochester.edu/entrepreneurship/incubator. asked to emcee corporate events and But the latest city to struggle with economic dis- a big help, too. In 2006, the region around Roch- seeking approval from regulatory authorities industry veteran, as its new chief executive officer. Inc., who is also part of the Rochester Startup by CenterState CEO, Excell Partners, High

P ho t o C our even co-hosted a televised variety show. location shows how good policy making, entre- ester received a four-year federal Department in the United States, Canada, and China. Weekend planning committee. Tech Rochester, Rochester Institute of Tech- Bradford Berk (M, MD, PhD), chief Rochester Startup Weekend will take place Through these interactions, Osburg forged preneurship and a little luck can ensure that a of Labor grant to finance economic develop- Chem professors named Close to 500 Weekends have taken place nology, and the University of Rochester Cen- 1981 executive officer of the University of at Eastman Business Park from April 27–29. relationships with the locals, allowing city doesn’t just survive, but thrive. ment initiatives—which in turn paved the way across the globe since the first event was held ter for Entrepreneurship. CenterState CEO is latest Tech Development Entrepreneurship gains Rochester Medical Center, has been appointed to the him to conduct ethnographic fieldwork in While no one here is glad to see Kodak go for almost $70 million in projects awarded in Board of Directors for Raland Therapeutics Inc., a in Boulder, Colo., in 2007. A whopping 5,000 PluggedIN, iCardiac, and Merrill Lynch will working to initiate Startup Weekends in cities southwest China for three years. bankrupt, it’s hardly the catastrophe many 2011 from Gov. Andrew M. Cuomo’s Regional Fund recipients popularity in dissertations transformational medical device company with head- startups have been created through the orga- help teams develop their concepts and presen- across upstate and central New York, includ- Osburg’s research revolved around imagine. Indeed, while over three decades Economic Development Council initiative. Todd Krauss and Lewis Rothberg, both One recent graduate and two doctoral quarters in Fairport, N.Y. nization, and 45,000 people call themselves tations. The Weekend culminates in a compe- ing Buffalo, Binghamton, and Albany. China’s new rich, who have emerged over Kodak’s Rochester-area employment dropped Creative destruction will continue to wreak professors of chemistry, are the latest to candidates—representing three disciplines— Startup Weekend alumni. Even more impres- tition—participants pitch their startups to a “There is a lot of good happening in the The Korea Foundation, an organization the past three decades since China began to fewer than 7,000 jobs from 61,000, the com- havoc across the global economy. The experi- receive grants from the University’s Tech- have each centered their dissertation research sive, 36 percent of businesses developed at the panel of judges on Sunday evening. Rochester startup ecosystem, but it is spread 1988 that aims to enhance the image of market-oriented economic reforms in the munity itself gained a net 90,000 jobs. That’s ence of Rochester, San Diego, Pittsburgh and nology Development Fund. The fund was on entrepreneurial themes. Sally Ellis Fletcher Korea in the world and also to promote academic events still exist three months out, and about Javaree Walker ’12S (MS) was part of a six- out both geographically and politically,” said late 1970s. He was interested in how the because the Rochester economy is more diverse other cities in surviving offers several lessons. launched to help University scientists advance ’10N (PhD) studied nursing faculty and stu- and cultural exchange programs, recently named 80 percent of participants continue to work to- member team to win first place and $2,500 at Kruk. “A main goal of the event is to connect Woosang Kim Chinese were making sense of the rise than most realize — in part, surprisingly, be- The first is to make better use of local intel- technologies closer to the stage where they dents’ behavioral intentions and perceptions (PhD) as its new president. Kim also gether long after the weekend is over. the Syracuse Startup Weekend in November the hubs that are truly passionate about entre- serves as a political science professor at Sookmyung of new social groups, especially business cause of Kodak. The high-skilled workers it let lectual capital, starting with universities. One can be transferred to the market. Krauss led toward entrepreneurship in nursing. Nikhil The Rochester weekend will feature key- 2011. The group developed StatusQ, a mobile preneurship and to show how much we can University and Yonsei University. owners with newfound wealth. He studied go over the years created a valuable labor pool challenge Rochester faces is replacing the young a team in creating a procedure to engineer Varerkar, a doctoral candidate at the Warner note speakers Monroe County Executive Mag- application that allows diners to check in at accomplish by collaborating as a whole.” their devotion to network building in all for start-up companies, particularly in optics people who once came to work in Kodak’s labo- high-quality, inexpensive semiconductor School, is currently working on his disserta- Kenneth K. Conte (S, MBA) joined gie Brooks and David Koretz, president and restaurants and receive a text when their table To participate, register online at rochester. aspects of their lives—from making deals and photonics. ratories. Here’s where higher education comes nanocrystals. These materials, none currently tion, focusing on human capital development Frontier Oilfield Services Inc., an oil- CEO of Mykonos Software Inc. and CEO of is ready. Walker is now helping to organize the startupweekend.org. Tickets are $99 for gen- 2004 to advancing their social status. It also helps that Rochester has a strong high- in handy: public and private organizations commercially available, can be used in the and the role of higher education in eco- field services company with operations focused pri- BlueTie Inc. Mentors from such companies as Rochester Weekend. eral admission and $49 for students. marily in Texas, as the company’s new vice president Finding that many, if not all, of the new er-education sector, which has likewise been should build connections with students through biomedical imaging industry. Rothberg and nomic growth. Political science PhD student and chief financial officer. rich in China are entrepreneurs, Osburg supported by Kodak. The University of Roch- internships and other efforts that give graduates his researchers are working to develop a diag- Jonathan Klingler is investigating the role that examined the considerable amount of time ester became a leading research center through a reason to stick around. nostic platform for the on-site testing of fruit club goods play in encouraging individuals to Forbes named Joshua Pollard (BA), vice Simon Graduate School of Business they spent cultivating relationships with gifts from Kodak’s founder, George Eastman, Moreover, universities provide stability in a and vegetable pathogens. This tool will allow join and remain in organizations, specifically 2005 president at Goldman Sachs, to its 30 Simon alumnus says startup success begins with a strong value proposition state officials and other entrepreneurs. The who also gave generously to the Rochester In- rough economy by drawing in state and federal growers to get results much faster and at a studying how mission uncertainty affects indi- Under 30 list in finance. strength of these networks was remark- stitute of Technology. dollars, which can compensate for the decline of cost of up to 20 times less per sample than vidual behavior, which can help entrepreneurs Robert Bates (S, MBA), David After graduating from the Simon Graduate “Nine employees have MBAs,” said Chaun- like the Rochester Angel Network offer seed able. They provided support in every aspect These universities have an immense impact a major employer. off-site laboratory testing. optimize certainty about their goals. 2008 Chauncey ’09S (MBA), and Benjamin School of Business with a triple concentration cey. “That’s a lot for a technical company.” funding and access to executives that can men- of business from financial backing to ar- on the regional economy. The University of Of course, private companies need to be part Randisi ’09S (MBA) were recently issued U.S. Patent in finance, entrepreneurship, and competitive Fellow classmate Nick Elliott ’09S (MBA), a tor aspiring entrepreneurs. Several universi- ranging meetings with powerful contacts. Rochester, along with its medical center, is now of the game as well. Those left behind when a No. 8,044,794 for technology that blocks mobile and organizational strategy, David Chauncey software engineer at the firm, saw joining the ties in the area have technology available to “Social networks provided a safety net the area’s largest employer. Over the last five dominant employer disappears must be will- phone use while inside a car. They developed the idea as Simon School students in ENT 422, taught by ’09S (MBA) decided to leverage his advanced startup as a great avenue for personal growth. commercialize while also supplying a highly and allowed them to take risks they might years it has received more than $1.9 billion in ing to pivot to a longer view, as Kodak did for innovations Volume 4, Issue 2 • Spring 2012 Professor Mark W. Wilson. knowledge by launching his second company, “You get a lot more exposure here than at a skilled technical workforce. He notes that his not otherwise take,” said Osburg. research money, most of it from the federal gov- generations. Instead of managing quarter to Vnomics. The firm offers a proprietary soft- big company,” he said. “You see business from firm’s telematics software is licensed from a However, he also observed tremendous ernment, which has in turn fueled local growth quarter, they must help reinforce the local work Editor/Layout Supervisor Entrepreneurship Are you an entrepreneur? Natalie Yager Antal University-wide ware system to fleet owners of heavy commer- a different angle and come to respect what core technology developed at Rochester Insti- pressure on the entrepreneurs to maintain beyond the campus gates. force, as well as invest in the community so as to Stay connected. Key to School Abbreviations Senior Staff Reporter • Eastman School of Music Address correspondence to: cial vehicles. On-board computers communi- happens behind the scenes to make everything tute of Technology. their social networks and status. Business- Yet another asset is Rochester’s cultural keep it attractive to new high-skilled workers. E Eastman School of Music Maureen Konopka • Hajim School of Engineering The University of Rochester cate the performance status of trucks, tractor run smoothly.” Chauncey also likes to emphasize the im- men often complained about having to institutions. Many highly skilled former Kodak Put differently, there is no single answer for and Applied Sciences Center for Entrepreneurship M School of Medicine and Dentistry Contributor Both Chauncey and Elliott returned to the portance of presenting an overwhelming value participate in ritualized entertainment, Innovations trailers, and military vehicles in real time. workers chose to stay because of the amenities cities facing the departure of a major employer, Leslie Orr • School of Arts and Sciences N School of Nursing 1-211 Carol Simon Hall Today Vnomics has grown its revenue by a Simon School this past winter quarter as guest proposition to customers. His product pays for night after night. These elite groups were inspired by Eastman’s philanthropy, including and there are many things unique to Rochester, • School of Medicine and Dentistry S Simon Graduate School of Business Photos Provided By P.O. Box 270360 also bound by countless obligations, oper- factor of 10 each year for the past three years speakers for ENT422 Generation & Screen- itself in six months and has an average lifespan the Eastman School of Music, the Rochester Pittsburgh and San Diego that have allowed Eastman Kodak • School of Nursing Rochester, NY 14627-0360 W Warner Graduate School of Education and has gone from Chauncey on his own op- ing Entrepreneurial Ideas, taught by Professor of five to seven years. It is a value he hopes to ating under an informal moral code—one Philharmonic and the International Museum them to thrive where others have foundered. Kathryn Lantuh Center for Nursing Entrepreneurship Phone (585) 276-3500 Eric Meyer erating the company virtually to employing Mark W. Wilson. As students, they found lis- bring to new clients as the company starts to that other Chinese found questionable. of Photography. But long-term investments in education, culture • Simon Graduate School Young Entrepreneurs Academy of Business Administration Email [email protected] Send us CLASS notes If you have an announce- 31 with headquarters in Pittsford, N.Y. Four tening to real-world experiences to be one of expand internationally this year. Osburg is currently working on a book True, many Rust Belt cities have fine uni- and community have made all three postindus- ment you’d like to share with your fellow alumni, please Vnomics staff members are Simon School the most valuable aspects of the program. “You never really know if your idea for a based on his research, Anxious Wealth: versities and cultural institutions. What they trial success stories, and there is no reason such Vice Provost for Entrepreneurship • Warner Graduate School of Website Duncan T. Moore Education and Human Development www.rochester.edu/entrepreneurship submit your professional news to Innovations at 1-211 alumni, and one will complete the school’s Chauncey tells students that Rochester is a business is a good one until someone is willing Money, Morality, and Social Networks lack, however, is a fertile entrepreneurial class a strategy can’t help the next city hit by a big- Carol Simon Hall, P . O . Box 270360, Rochester, NY EMBA program in June. great place to start a company. Organizations to pay you for it,” he said. among China’s New Rich. to move in as the dominant employer fades and business bankruptcy to follow their lead. To receive this publication on a regular basis, please submit your name, company, and address to Innovations via phone, email, or mail. 14627–0360 or email [email protected].

CENTER FOR ENTREPRENEURSHIP/Spring 2012 2 www.rochester.edu/entrepreneurship CENTER FOR ENTREPRENEURSHIP/Spring 2012 3 www.rochester.edu/entrepreneurship CENTER FOR ENTREPRENEURSHIP/Spring 2012 4 www.rochester.edu/entrepreneurship Startup summit Calendar Continued from Page 1 Entrepreneurship Events for Spring 2012 Center for Entrepreneurship wealth, and take their place as future business, Sign up to receive event notifications via email at www.rochester.edu/entrepreneurship/ 1-211 Carol Simon Hall community, and philanthropic leaders.” signup. Register for select events online at www.rochester.edu/entrepreneurship/registration. innovations P.O. Box 270360 The two-day summit provided a unique www.rochester.edu/entrepreneurship • VOLUME 4, ISSUE 2 • Spring 2012 Rochester, NY 14627-0360 opportunity for the participating universities Thursday, March 29–Friday March 30 Thursday, April 19 to share and discover how other schools are Summit for Supporting Student Startups: Rochester Regional Business Plan Contest supporting, guiding, and preparing their stu- Entrepreneurship faculty, staff, and students Finals and the 4th Annual Celebration Change Service Requested dents who are interested in creating business- from more than a dozen colleges and of Entrepreneurship Luncheon: Duncan T. Moore Vice Provost es. Organizers reiterated the many benefits universities discuss best practices and 9 a.m. – 1:30 p.m.; Hyatt Regency, 125 E. for Entrepreneurship of sustaining student startups—they provide challenges in educating aspiring student Main St., Rochester; Online registration and exciting experiential curriculum for students, entrepreneurs and advancing student fee for luncheon required at htr.org Spring is an exceptionally busy time of year. economic development in the community, enterprises; Sheraton Syracuse University Saturday, April 21–Sunday, April 22 The technical entrepreneurship and manage- and a reason for graduates to stay in the area. Hotel; By invitation only 5th Annual ArtAwake*: Art and music ment (TEAM) master’s degree admissions Bruce Kingma, associate provost for entre- Thursday, April 5 festival in an urban space, founded by committee recently extended offers to more preneurship and innovation at Syracuse Uni- CEIS University Technology Showcase: a KEY student group; 2 p.m.–12 a.m.; than 100 applicants to the program—up from versity, required attending faculty and center The annual CEIS University Technology Rohrbach Brewing Co., 97 Railroad St., 64 offers last year. The quality of candidates directors to nominate student entrepreneurs Showcase provides a meeting place Rochester; Learn more at artawake.org significantly improved as well. We also hosted to join the conference. He requested these stu- for industry and universities to share the first-ever spring open campus for prospec- dents develop a “wish list” of courses and pro- Monday, April 23 P ho t o b y Ma ureen Konop ka information, identify new technical spotlight tive TEAM students at the end of March, grams that they believe would increase their Charles and Janet Forbes Entrepreneurial Scott Zorn ’12 (center) discussed the UR Consulting Group alongside opportunities and needs, and form new featuring a keynote lecture called “Recharging chances for success. He also asked students to Competition Entries Due: 5 p.m.; Submit University of Rochester student entrepreneurs from universities across New York at the partnerships; 1– 6 p.m.; Doubletree Hotel, Your Batteries,” delivered by Arunas Chesonis point out areas that need improvement. electronic copy to maureen.konopka@ Young Entrepreneurs Academy grads: where are they now? Summit for Supporting Student Startups in Syracuse. 1111 Jefferson Rd., Rochester; Free and ’91S (MBA), CEO and chairman at Sweetwater Scott Zorn ’12 (BA), president of the stu- rochester.edu; Open to Hajim School Not knowing much about business or “I was exposed to different big open to the public; Register online at www. Cover Story Energy and founder of PAETEC Holding Corp. dent-run UR Consulting Group, represent- undergraduate students only entrepreneurship, Eric Meyer ’12 (BA) business leaders in the Rochester ceis.rochester.edu/pages/showcase2012 Additionally, I am pleased to announce that ed Rochester on the summit’s student panel. was 15 when he saw a newspaper ad community,” said Lantuh. “They were Entrepreneurship Networking Night*: This Friday, April 27–Sunday, April 29 the TEAM program received the 2011 Award Presenting alongside students from Clarkson in the Democrat and Chronicle for a really inspiring and displayed a lot of event will bring together undergraduates, Inaugural Rochester Startup Weekend: L a n t uh hryn : K at A summit in support for Excellence in Specialty Entrepreneurship University, Rensselaer Polytechnic Institute, program called the Young Entrepre- drive and confidence, which really graduate students, faculty, alumni, and local Startup Weekend is an intense 54-hour Education, presented at the Global Consor- Rochester Institute of Technology, and Syra- neurs Academy (YEA!) at the University ignited the business spirit within me.” entrepreneurs to provide an opportunity for event that focuses on forming the basis tium of Entrepreneurship Centers during its cuse, he discussed the challenges of complet- of Rochester. YEA!, founded in 2004 Lantuh, a senior at Rochester of student startups networking and socializing; Refreshments of a credible business over the course of a annual conference in October. ing pro-bono project-based work for such with support from the Kauffman Foun- majoring in psychology with a minor provided; Sponsored by the undergraduate weekend; Eastman Business Park, 200 W. Applications are expected to be strong in organizations as Hayes Asset Management, dation, is a ground-breaking program in music, was accepted into the Guar- aculty, staff, and students from more than a dozen colleges and

UR Entrepreneurs Club; 6:30 –8:30 p.m.; Ridge Rd., Rochester; Registration required : E ric M . eyer; Bo tt om R igh t the sixth annual Mark Ain Business Model AHEAD Energy, and Gilda’s Club of Roch- that guides middle and high school stu- anteed Rochester Accelerated Degree entrepreneurship organizations from across New York, Cana- Schlegel Hall, Eisenberg Rotunda; RSVP to online at rochester.startupweekend. Competition. We encourage you to attend ester. He believes the support of faculty and dents through the process of launching in Education BA/BS + MS program for da, and as far away as Osaka, Japan, gathered in Syracuse at the [email protected] org; Cost is $99 or $49 for students F the finalists’ presentations on May 16 (see local mentors is vital in creating feasible solu- a real business over the course of an educational policy and reform at the end of March to discuss best practices in giving aspiring student entre- using promotional code “STUDENT” calendar on page 5). The winning team will be tions for his clients. Thursday, April 12 academic year. Warner Graduate School of Education preneurs a head start. The inaugural Summit for Supporting Student * (first 20 students will receive $25 toward offered a spot in the University’s new student

Other topics focused on different models F.I.R.E. Lecture Series : “Positive and With a passion for film, Meyer t esy oF YE A!; Bo tt om Le ft and Human Development. Startups highlighted the good, bad, and ugly of student incubation. the registration fee by contacting cfe@ incubator space at High Tech Rochester. of incubation, legal structures supporting stu- Negative Data in Patent Procurement— started Spotlight Video Productions, a “YEA! taught me that I can com- “By supporting students in starting ventures while in college, we are rochester.edu) This winter, the University completed an dent businesses, and funding sources. Duncan When to Provide It and Why It Matters”; full-service production company that bine my love for business with my staying true to our mission as educators,” said Stacey Keefe, executive essay outlining the impact of the Kauffman

Moore, vice provost for entrepreneurship and Tina McKeon, founding partner of Thursday, May 3 specializes in weddings, corporate Top P ho t os cour passion for education. I’m finding director of ExCEL (Center for Entrepreneurship Experiential Learn- Campuses Initiative, a $3.6 million Ewing Mar- the Rudolf and Hilda Kingslake Professor of McKeon Meunier Intellectual Property Law Mark Ain Business Model Competition promotional materials, and resort and Top left: Eric Meyer ’12 (BA) at the YEA! Trade Show in the May out that I can do both and that they Entrepreneurship ing) at Syracuse University. “They are learning skills that can be taken ion Kauffman Foundation grant with a $7.2 Optical Engineering at Rochester, spoke on in Atlanta, Ga.; 9 –10 a.m.; Class of ‘62 Semi-Final Presentations: 4–6 p.m.; travel videos, while enrolled in YEA!. Room, Wilson Commons; below: Meyer today. Top right: Kathryn complement each other,” she said. outside of college to create opportunities.” million University match awarded in 2004. models of education, including the Universi- Auditorium (G-9425 & 1-9425), Medical Schlegel 107; Free and open to the public; Through a projects-based curriculum, Lantuh ’12 (BA), ’13W (MS) filing DBAs at the Monroe County Lantuh is also the captain of the Syracuse University led the organization of the summit after receiv- In President Joel Seligman’s introduction, he ty’s new student incubator space at High Tech Center; RSVP to (585) 784.8856 or email RSVP to (585) 276-3500 or register online Meyer learned how to write a concise Clerk with fellow YEA! classmates; below: Lantuh today. women’s crew team and is in her sec- ing a $500,000 award from the U.S. Commerce Department’s Economic declared, “The breadth of the grant enabled Rochester, the technical entrepreneurship and [email protected] and formal business plan, pitch his idea ond year as a Resident Advisor. She Entrepren Development Administration (EDA) and the designation as an EDA Friday, May 4 for the University to establish entrepreneurship management master’s degree, and the Kauff- to investors, and market his company at a trade for YEA!, overseeing the program’s joint ventures has worked at the Mount Hope Family Center for University Center. The grant aims to ignite innovation, accelerate en- Wednesday, April 18 Charles and Janet Forbes Entrepreneurial as an enduring educational enterprise.” The man Entrepreneurial Year program. show. Shortly after graduating from the acad- and partnership with the U.S. Chamber of Com- three years and tutored first-graders at Rochester trepreneurship, and launch student ventures. Syracuse was one of 21 Mark Ain Business Model Competition Competition Presentations and piece included contributions from the deans Susanna Virgilio ’12 (BA), president of the emy, Meyer launched a second business, Young merce, publicizing the program among teachers City School No. 36. universities nationwide—and the only one in New York state—to re- Entries Due: 4 p.m.; Submit electronic Judging*: 1–4 p.m.; Schlegel 207; Free and and senior administrators at each school, UR Entrepreneurs Club and an entrepreneur- Scholar Adventures LLC, that organizes, launches, and parents, and establishing new sites. “We couldn’t be more proud of what our ceive the designation. copy to [email protected] open to the public; RSVP to (585) 276-3500 detailing the effects of the initiative and its ship major, enjoyed learning about other col- and manages youth academic day camps. Kathryn Lantuh ’12 (BA), ’13W (MS) was a YEA! graduates are achieving,” said Gayle Jagel, “This project leverages the most valuable asset in Upstate New Center for Entrepreneurship Lecture or register online future direction. leges’ program offerings. She also networked After visiting River Campus for his YEA! class junior in high school when she was accepted into founder and CEO of YEA!. “Eric and Katie are York—the intellectual capital of our colleges and universities,” said Series*: Nick Lantuh, president and director, Rochester is in a great position to drive eco- with like-minded students from Syracuse, Wednesday, May 16 each week, Rochester was Meyer’s top choice for the YEA! program at Rochester. She was moti- shining examples of how the academy helps stu- Linda Hartsock, director of community engagement and economic de- NetWitness Corporation; 4:40–5:45 p.m.; nomic growth. I am working to communicate Cornell University, and the State University Mark Ain Business Model Competition his college career. He enrolled on a scholarship vated by the idea of starting a real business and dents realize their full potential. I couldn’t imag- velopment at Syracuse University. “It will help the region retain our Gleason 318/418; Reception to follow in the many opportunities that the University and of New York at Albany. Finalists’ Presentations and Judging: from the McKelvey Foundation for Entrepreneur- interacting with local companies and clients. ine a better spot for them than at the University best and brightest, and provide the support system to launch and grow Schlegel Hall, Eisenberg Rotunda; Free the community offer (for example, see The Keefe agrees that this was a primary objec- 4–5:45 p.m.; Schlegel Hall, Eisenberg ial Spirit. Currently a senior majoring in political As a YEA! student, Lantuh and her sister, Chris- of Rochester, and it comes as no surprise that new ventures. We look forward to working with our academic partners, and open to the public; Register online at New York Times op-ed reprint on page 3). This tive of the event. “Hopefully, out of the sum- Rotunda; Free and open to the public; RSVP science, he has been involved in the 2012 Class tina, cofounded the company Beadnik, which they both have excelled on campus and beyond.” along with the many community mentors who support this program, simon.rochester.edu/alumnievents summer, look for my blog posts online at the mit will come further collaborations with to (585) 276-3500 or register online Council, UR Entrepreneurs Club, and College sold do-it-yourself beading kits and pre-made Today YEA! has served more than 600 students to grow a new generation of entrepreneurs who will create jobs and Democrat and Chronicle.

more people—not only at the faculty and ad- Republicans. In addition to his academic load jewelry and taught jewelry-making classes for in nine states across the country. Learn more Center Continued on Page 5 ministrative level—but among students.” * Check www.rochester.edu/entrepreneurship/events for the latest information. and extracurricular activities, Meyer is working birthday parties and other special occasions. about the program at yeausa.org.

CENTER FOR ENTREPRENEURSHIP/Spring 2012 5 www.rochester.edu/entrepreneurship CENTER FOR ENTREPRENEURSHIP/Spring 2012 6 www.rochester.edu/entrepreneurship Startup summit Calendar Continued from Page 1 Entrepreneurship Events for Spring 2012 Center for Entrepreneurship wealth, and take their place as future business, Sign up to receive event notifications via email at www.rochester.edu/entrepreneurship/ 1-211 Carol Simon Hall community, and philanthropic leaders.” signup. Register for select events online at www.rochester.edu/entrepreneurship/registration. innovations P.O. Box 270360 The two-day summit provided a unique www.rochester.edu/entrepreneurship • VOLUME 4, ISSUE 2 • Spring 2012 Rochester, NY 14627-0360 opportunity for the participating universities Thursday, March 29–Friday March 30 Thursday, April 19 to share and discover how other schools are Summit for Supporting Student Startups: Rochester Regional Business Plan Contest supporting, guiding, and preparing their stu- Entrepreneurship faculty, staff, and students Finals and the 4th Annual Celebration Change Service Requested dents who are interested in creating business- from more than a dozen colleges and of Entrepreneurship Luncheon: Duncan T. Moore Vice Provost es. Organizers reiterated the many benefits universities discuss best practices and 9 a.m. – 1:30 p.m.; Hyatt Regency, 125 E. for Entrepreneurship of sustaining student startups—they provide challenges in educating aspiring student Main St., Rochester; Online registration and exciting experiential curriculum for students, entrepreneurs and advancing student fee for luncheon required at htr.org Spring is an exceptionally busy time of year. economic development in the community, enterprises; Sheraton Syracuse University Saturday, April 21–Sunday, April 22 The technical entrepreneurship and manage- and a reason for graduates to stay in the area. Hotel; By invitation only 5th Annual ArtAwake*: Art and music ment (TEAM) master’s degree admissions Bruce Kingma, associate provost for entre- Thursday, April 5 festival in an urban space, founded by committee recently extended offers to more preneurship and innovation at Syracuse Uni- CEIS University Technology Showcase: a KEY student group; 2 p.m.–12 a.m.; than 100 applicants to the program—up from versity, required attending faculty and center The annual CEIS University Technology Rohrbach Brewing Co., 97 Railroad St., 64 offers last year. The quality of candidates directors to nominate student entrepreneurs Showcase provides a meeting place Rochester; Learn more at artawake.org significantly improved as well. We also hosted to join the conference. He requested these stu- for industry and universities to share the first-ever spring open campus for prospec- dents develop a “wish list” of courses and pro- Monday, April 23 P ho t o b y Ma ureen Konop ka information, identify new technical spotlight tive TEAM students at the end of March, grams that they believe would increase their Charles and Janet Forbes Entrepreneurial Scott Zorn ’12 (center) discussed the UR Consulting Group alongside opportunities and needs, and form new featuring a keynote lecture called “Recharging chances for success. He also asked students to Competition Entries Due: 5 p.m.; Submit University of Rochester student entrepreneurs from universities across New York at the partnerships; 1– 6 p.m.; Doubletree Hotel, Your Batteries,” delivered by Arunas Chesonis point out areas that need improvement. electronic copy to maureen.konopka@ Young Entrepreneurs Academy grads: where are they now? Summit for Supporting Student Startups in Syracuse. 1111 Jefferson Rd., Rochester; Free and ’91S (MBA), CEO and chairman at Sweetwater Scott Zorn ’12 (BA), president of the stu- rochester.edu; Open to Hajim School Not knowing much about business or “I was exposed to different big open to the public; Register online at www. Cover Story Energy and founder of PAETEC Holding Corp. dent-run UR Consulting Group, represent- undergraduate students only entrepreneurship, Eric Meyer ’12 (BA) business leaders in the Rochester ceis.rochester.edu/pages/showcase2012 Additionally, I am pleased to announce that ed Rochester on the summit’s student panel. was 15 when he saw a newspaper ad community,” said Lantuh. “They were Entrepreneurship Networking Night*: This Friday, April 27–Sunday, April 29 the TEAM program received the 2011 Award Presenting alongside students from Clarkson in the Democrat and Chronicle for a really inspiring and displayed a lot of event will bring together undergraduates, Inaugural Rochester Startup Weekend: L a n t uh hryn : K at A summit in support for Excellence in Specialty Entrepreneurship University, Rensselaer Polytechnic Institute, program called the Young Entrepre- drive and confidence, which really graduate students, faculty, alumni, and local Startup Weekend is an intense 54-hour Education, presented at the Global Consor- Rochester Institute of Technology, and Syra- neurs Academy (YEA!) at the University ignited the business spirit within me.” entrepreneurs to provide an opportunity for event that focuses on forming the basis tium of Entrepreneurship Centers during its cuse, he discussed the challenges of complet- of Rochester. YEA!, founded in 2004 Lantuh, a senior at Rochester of student startups networking and socializing; Refreshments of a credible business over the course of a annual conference in October. ing pro-bono project-based work for such with support from the Kauffman Foun- majoring in psychology with a minor provided; Sponsored by the undergraduate weekend; Eastman Business Park, 200 W. Applications are expected to be strong in organizations as Hayes Asset Management, dation, is a ground-breaking program in music, was accepted into the Guar- aculty, staff, and students from more than a dozen colleges and

UR Entrepreneurs Club; 6:30 –8:30 p.m.; Ridge Rd., Rochester; Registration required : E ric M . eyer; Bo tt om R igh t the sixth annual Mark Ain Business Model AHEAD Energy, and Gilda’s Club of Roch- that guides middle and high school stu- anteed Rochester Accelerated Degree entrepreneurship organizations from across New York, Cana- Schlegel Hall, Eisenberg Rotunda; RSVP to online at rochester.startupweekend. Competition. We encourage you to attend ester. He believes the support of faculty and dents through the process of launching in Education BA/BS + MS program for da, and as far away as Osaka, Japan, gathered in Syracuse at the [email protected] org; Cost is $99 or $49 for students F the finalists’ presentations on May 16 (see local mentors is vital in creating feasible solu- a real business over the course of an educational policy and reform at the end of March to discuss best practices in giving aspiring student entre- using promotional code “STUDENT” calendar on page 5). The winning team will be tions for his clients. Thursday, April 12 academic year. Warner Graduate School of Education preneurs a head start. The inaugural Summit for Supporting Student * (first 20 students will receive $25 toward offered a spot in the University’s new student

Other topics focused on different models F.I.R.E. Lecture Series : “Positive and With a passion for film, Meyer t esy oF YE A!; Bo tt om Le ft and Human Development. Startups highlighted the good, bad, and ugly of student incubation. the registration fee by contacting cfe@ incubator space at High Tech Rochester. of incubation, legal structures supporting stu- Negative Data in Patent Procurement— started Spotlight Video Productions, a “YEA! taught me that I can com- “By supporting students in starting ventures while in college, we are rochester.edu) This winter, the University completed an dent businesses, and funding sources. Duncan When to Provide It and Why It Matters”; full-service production company that bine my love for business with my staying true to our mission as educators,” said Stacey Keefe, executive essay outlining the impact of the Kauffman

Moore, vice provost for entrepreneurship and Tina McKeon, founding partner of Thursday, May 3 specializes in weddings, corporate Top P ho t os cour passion for education. I’m finding director of ExCEL (Center for Entrepreneurship Experiential Learn- Campuses Initiative, a $3.6 million Ewing Mar- the Rudolf and Hilda Kingslake Professor of McKeon Meunier Intellectual Property Law Mark Ain Business Model Competition promotional materials, and resort and Top left: Eric Meyer ’12 (BA) at the YEA! Trade Show in the May out that I can do both and that they Entrepreneurship ing) at Syracuse University. “They are learning skills that can be taken ion Kauffman Foundation grant with a $7.2 Optical Engineering at Rochester, spoke on in Atlanta, Ga.; 9 –10 a.m.; Class of ‘62 Semi-Final Presentations: 4–6 p.m.; travel videos, while enrolled in YEA!. Room, Wilson Commons; below: Meyer today. Top right: Kathryn complement each other,” she said. outside of college to create opportunities.” million University match awarded in 2004. models of education, including the Universi- Auditorium (G-9425 & 1-9425), Medical Schlegel 107; Free and open to the public; Through a projects-based curriculum, Lantuh ’12 (BA), ’13W (MS) filing DBAs at the Monroe County Lantuh is also the captain of the Syracuse University led the organization of the summit after receiv- In President Joel Seligman’s introduction, he ty’s new student incubator space at High Tech Center; RSVP to (585) 784.8856 or email RSVP to (585) 276-3500 or register online Meyer learned how to write a concise Clerk with fellow YEA! classmates; below: Lantuh today. women’s crew team and is in her sec- ing a $500,000 award from the U.S. Commerce Department’s Economic declared, “The breadth of the grant enabled Rochester, the technical entrepreneurship and [email protected] and formal business plan, pitch his idea ond year as a Resident Advisor. She Entrepren Development Administration (EDA) and the designation as an EDA Friday, May 4 for the University to establish entrepreneurship management master’s degree, and the Kauff- to investors, and market his company at a trade for YEA!, overseeing the program’s joint ventures has worked at the Mount Hope Family Center for University Center. The grant aims to ignite innovation, accelerate en- Wednesday, April 18 Charles and Janet Forbes Entrepreneurial as an enduring educational enterprise.” The man Entrepreneurial Year program. show. Shortly after graduating from the acad- and partnership with the U.S. Chamber of Com- three years and tutored first-graders at Rochester trepreneurship, and launch student ventures. Syracuse was one of 21 Mark Ain Business Model Competition Competition Presentations and piece included contributions from the deans Susanna Virgilio ’12 (BA), president of the emy, Meyer launched a second business, Young merce, publicizing the program among teachers City School No. 36. universities nationwide—and the only one in New York state—to re- Entries Due: 4 p.m.; Submit electronic Judging*: 1–4 p.m.; Schlegel 207; Free and and senior administrators at each school, UR Entrepreneurs Club and an entrepreneur- Scholar Adventures LLC, that organizes, launches, and parents, and establishing new sites. “We couldn’t be more proud of what our ceive the designation. copy to [email protected] open to the public; RSVP to (585) 276-3500 detailing the effects of the initiative and its ship major, enjoyed learning about other col- and manages youth academic day camps. Kathryn Lantuh ’12 (BA), ’13W (MS) was a YEA! graduates are achieving,” said Gayle Jagel, “This project leverages the most valuable asset in Upstate New Center for Entrepreneurship Lecture or register online future direction. leges’ program offerings. She also networked After visiting River Campus for his YEA! class junior in high school when she was accepted into founder and CEO of YEA!. “Eric and Katie are York—the intellectual capital of our colleges and universities,” said Series*: Nick Lantuh, president and director, Rochester is in a great position to drive eco- with like-minded students from Syracuse, Wednesday, May 16 each week, Rochester was Meyer’s top choice for the YEA! program at Rochester. She was moti- shining examples of how the academy helps stu- Linda Hartsock, director of community engagement and economic de- NetWitness Corporation; 4:40–5:45 p.m.; nomic growth. I am working to communicate Cornell University, and the State University Mark Ain Business Model Competition his college career. He enrolled on a scholarship vated by the idea of starting a real business and dents realize their full potential. I couldn’t imag- velopment at Syracuse University. “It will help the region retain our Gleason 318/418; Reception to follow in the many opportunities that the University and of New York at Albany. Finalists’ Presentations and Judging: from the McKelvey Foundation for Entrepreneur- interacting with local companies and clients. ine a better spot for them than at the University best and brightest, and provide the support system to launch and grow Schlegel Hall, Eisenberg Rotunda; Free the community offer (for example, see The Keefe agrees that this was a primary objec- 4–5:45 p.m.; Schlegel Hall, Eisenberg ial Spirit. Currently a senior majoring in political As a YEA! student, Lantuh and her sister, Chris- of Rochester, and it comes as no surprise that new ventures. We look forward to working with our academic partners, and open to the public; Register online at New York Times op-ed reprint on page 3). This tive of the event. “Hopefully, out of the sum- Rotunda; Free and open to the public; RSVP science, he has been involved in the 2012 Class tina, cofounded the company Beadnik, which they both have excelled on campus and beyond.” along with the many community mentors who support this program, simon.rochester.edu/alumnievents summer, look for my blog posts online at the mit will come further collaborations with to (585) 276-3500 or register online Council, UR Entrepreneurs Club, and College sold do-it-yourself beading kits and pre-made Today YEA! has served more than 600 students to grow a new generation of entrepreneurs who will create jobs and Democrat and Chronicle.

more people—not only at the faculty and ad- Republicans. In addition to his academic load jewelry and taught jewelry-making classes for in nine states across the country. Learn more Center Continued on Page 5 ministrative level—but among students.” * Check www.rochester.edu/entrepreneurship/events for the latest information. and extracurricular activities, Meyer is working birthday parties and other special occasions. about the program at yeausa.org.

CENTER FOR ENTREPRENEURSHIP/Spring 2012 5 www.rochester.edu/entrepreneurship CENTER FOR ENTREPRENEURSHIP/Spring 2012 6 www.rochester.edu/entrepreneurship