“HOW TO MAKE WEALTH”

 
 

For anyone who is an entrepreneur thinking about starting a company or who already has one, it is important to keep in mind the words of Paul Graham in his article “How to Make Wealth”. For any start-up, keeping your efforts specific, direct, and organized always proves to be invaluable. Not only are you erecting an idea from the ground up, but you are also facing the pressure of larger corporations constantly breathing down your neck; you can’t afford to trip up. Your greatest asset is your ability to stay ahead of the curve by innovating and harnessing your specialized team of driven professionals. Graham highlights key points that start-ups should always be aware of, and offers insight on how you can ensure to remain one step ahead as your business bursts forwards. Follow this link to Paul Graham’s “How to Make Wealth”

XENOMA INC. HEADS TO SOUTH BY SOUTHWEST (SXSW)

 
 

March 11, 2016 – Worcester, Mass. – Xenoma Inc., will be unveiling its new “e-skin” at SXSW from March 13-16, 2016. Xenoma’s e-skin demo will be available in the Todai to Texas booth of SXSW. Since e-skin’s debut at CES2016, developers and users have taken notice of its ease of use and wearing comfort for free-form motion capture applications.

As the Virtual Reality (VR) gaming market continues its growth path, software developers and system integrators will need a user-friendly solution to freely track motion in any environment. Xenoma’s e-skin is the answer. Using four sensors per arm, e-Skin can detect the user’s motion necessary for fluid and accurate representation in a variety of game simulations.

About Xenoma

Founded in November 2015 as a spin-off from the Someya Lab at the University of Tokyo, Xenoma combines user-friendly electronic interfaces with state-of-the-art materials development and leverages existing apparel manufacturers in Japan to create the next generation in smart wearable apparel. Xenoma has offices in Japan (Tokyo), and has recently announced the opening of their U.S. office in Worcester, MA at the Worcester Clean Tech Incubator (www.wcti.org).

 

For more information on e-skin:

Email info@xenoma.com or go to www.xenoma.com
Call: +1-401-225-7442(US) or +81-3-3830-7977(Japan)

Japan Office
Xenoma Inc.
The University of Tokyo UCR Plaza #402
7-3-1- Hongo, Bunkyo-ku
Tokyo 113-0033 Japan

U.S. Office
Worcester CleanTech Incubator
c/o Xenoma U.S.
44 Portland St, 4th floor
Worcester, MA 01608

STARTUP PRESS RELEASE

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By Paula J. Owen
Telegram & Gazette Correspondent

As software engineer Novall Y. Kahn of Worcester saved up money last year to pursue a career building a mobile app for dating on her own, she had no idea that her entrepreneurial endeavor would get a major boost from an incubator for new businesses.

StartUp Worcester, an initiative of the Worcester Regional Chamber of Commerce’s Higher Education-Business Partnership, The Venture Forum and Worcester CleanTech Incubator, helped Ms. Kahn get her company off the ground, and it has assisted with marketing. 

“I’m excited that they will help me get off the ground and with marketing,” Ms. Kahn said. “Everything they are doing totals $12,000, and I will also have a cohort and will be working with other people starting businesses.”

Now in its third year, StartUp Worcester provides support as well as space for young entrepreneurs in the region.

The initiative aims to incubate new businesses and retain bright, young graduates of the area’s colleges and universities, according to Karen L. Pelletier, director of higher education-business partnerships at the Chamber. StartUp Worcester, she said, encourages them to grow their business in Worcester, where they have “access to everything they need to succeed.”

Each year, StartUp awards 12 full-year memberships to the Chamber, The Venture Forum and the Worcester CleanTech Incubator, or WCTI. It also provides access to resources, a network and publicity, all valued at more than $12,000.

The program is free to participants, who are chosen after submitting applications and presenting to judges.

Each year, a cluster of game developers are chosen for StartUp Worcester. Other businesses are in fields ranging from landscaping and to renewable energy.

StartUp Worcester is operating in a city recently recognized by TechNet as one of the top 20 emerging startup hubs in the country. Research from TechNet, a network of technology executives, and the Progressive Policy Institute suggests that encouraging the creation of dynamic startups can create 1 million new jobs per year.

Chemist Stacy L. Chin, 27, is moving from Boston to Worcester in a few months to set up her startup at WCTI. The 2012 Holy Cross graduate recently completed her PhD at Boston University.

“During my doctoral studies, I developed a self-lubricating condom coating that we have now spun out of BU as a startup called HydroGlyde Coatings LLC,” Ms. Chin said.

Condoms are 98 percent effective against sexually transmitted diseases and pregnancy, she said, but there is inconsistent usage globally because of design drawbacks, including inadequate lubrication.

“We’ve made them more comfortable for a better user experience,” she said. “Condoms are so cheap and the only prophylactic prevention out there to protect against STDs and pregnancy. It is important and valuable to have a new, fresh outlook on condom usage.”

HydroGlyde incorporated in 2015. Backed by agencies like the World Health Organization that want to increase condom use globally, Ms. Chin has raised $240,000 to finish her prototype and go onto the next phase.

Ms. Chin said she searched for prototyping space in Boston, but it was “crazy expensive” and challenging to find because of competition. Her time at Holy Cross, she said, gave her a “soft spot” for Worcester, and StartUp gave her the incentive she needed to return.

“I’m excited to move to Worcester. There is a lot of innovation going on in Worcester,” she said. “It is a great community, and I can expand my network and get my prototype in place. I like the entrepreneurial aspect, the great resources in Worcester and the growing opportunities in STEM fields. Startup is helping spur more females in the STEM fields, and that is something we need to promote more in general.”

Ms. Kahn, 29, is launching her dating app called Arrow next month. It will allow single people to invite their close friends and family to offer suggestions for potential matches and to act as a support network for first dates.

“They are providing the workspace and assign a mentor for the duration of a year,” Ms. Kahn said. “We’re advised on all levels of our business. I was bootstrapping my company as a software engineer, so it helps to have another view on running a business, rather than just building software.”

Working in the co-working space is also beneficial, she said, because she is around others who are also starting businesses, such as the co-founders of The Hum, a digital media company also working out of the WCTI.

“I contributed a piece to The Hum last month,” Ms. Kahn said. “We’re all helping each other out. I think it’s great to have the community aspect, because I feel like I’m not doing this isolated and alone and feel like other people hold me accountable when we check in with each other weekly.”

The Hum co-founder Hum Bonham “Bo” J. Pierce, 22, said StartUp boosted the company’s growth.

The digital media company produces content for millennials “excited by the thought of living outside the 9 to 5,” Mr. Pierce said, as well as entrepreneurs, content creators and “adventurers.”

Mr. Pierce and co-founders David M. Powers, 22, and Timothy P. O’Neil, 25, all from Worcester, craft honest, enthusiastic and comedic stories and interviews about what it is like to start a company, Mr. Pierce said. They distribute the stories in a daily email.

“One of the biggest things for us as a media company about entrepreneurs is meeting people,” Mr. Pierce said. “The Chamber of Commerce and WCTI have increased our breadth of scope. We meet other entrepreneurs, see what they are doing and give readers the most accurate description of what it means to be an entrepreneur today.”

The co-working space, with offices, shared conference rooms and working tables, is perfect for The Hum, he said.

“A lot of entrepreneurs work out of coffee spaces, and it is cool to be that kind of entrepreneur, but having our own work space legitimized the company,” Mr. Pierce said. “We wanted to be surrounded by entrepreneurs and submerse ourselves in that lifestyle. Plus, free wifi and coffee helps.”

Corporate sponsors help pay for the physical working space for the 12 StartUp Worcester companies.

Companies participating in StartUp Worcester are in different phases of development, Ms. Pelletier said. Some have raised money. Some are ready to “pitch” investors for funding. Some are in “friends and family mode,” relying on cash from those they know. Some are earning money from side work.

Most of the businesses chosen in the program’s first and second years are still in business in Worcester, she said, with some products already on the market.

“Research tells us that one in 10 startups are actually successful,and one in 10 investments pay off,” Ms. Pelletier said. “Some drop out or come to the conclusion they really need to have a full-time job or don’t have time. One was acquired by a company in New York (and) is doing really well. The best part, is activating that culture here in the city that was maybe here, but not noticed.”

NATIONAL GRID OFFICE HOURS

 
 

Jim Cleary – Lead Engineer for Green Energy and Distributed Generation Interconnections offers in-house office hours at WCTI

Jim is available to meet with companies that are seeking guidance on working with the utilities from both a technical and strategic standpoint. Making sure that startups align their efforts to comply with industry standards and best practices can alleviate major road blocks down the line. His breadth of knowledge and familiarity with he local distribution system is an invaluable resource to our community.

Jim Cleary received his BSc in Electrical Engineering and MBA from WPI and has 24 years of experience as a distribution engineer at National Grid USA in Massachusetts. In recent years his focus has been on system integration of distributed generation on 35kV systems and below, including solar, wind (1, 2), hydro, flywheels (3), co-generation and landfill gas. His main interests are system impacts due to high penetration distributed generation, particularly voltage and power quality (4, 5).

By helping startups navigate the complexities of the energy sector, National Grid is driving new technology adoption. WCTI is proud to be partnered with National Grid to ensure that we have clean, reliable energy now and for the future.
 
Contact WCTI to find out more.

STARTUP WORCESTER 2017-2018 COMPANIES

 
 

StartUp Worcester is an initiative of the Worcester Regional Chamber of Commerce’s Higher Education – Business Partnership, The Venture Forum, and Worcester CleanTech Incubator to launch and to provide support as well as space for the region’s young entrepreneurs. Each year, StartUp Worcester awards 12, full year memberships to both the Chamber, The Venture Forum, and WCTI. There is no charge for applications or winners. Each StartUp Worcester membership awarded is valued at over $12,000 (Chamber, WCTI shared office and The Venture Forum memberships), but the access to resources, network and publicity are invaluable to help companies get to the next level.
 
We are pleased to announce the 12 winning companies:

  1.  Arrow is a novel mobile dating app founded by Novall Khan who graduated from Harvard Graduate School of Education in 2012.
  2. AsanaRa is a line of natural, holistic  skincare products, founded by Daysha Williams, a  Clark University aluma of 2016.
  3. Box Mountain Games is a digital media design and development studio, founded by Jacob Peltola, a 2016  Becker College graduate.
  4. Dropwise, a mobile platform for social good, was founded by Marc Printz, a rising Junior at WPI.
  5. FRWD Inc, an automatic savings mobile application, was founded by H. Anthony Moore, a 2016 graduate from Howard University.
  6. GeoStage, focusing on digital game design, was founded by WPI senior Brian Keeley-DeBonis.
  7. The Hum, a company creating digital media crafted for young entrepreneurs, was Founded by David Powers, a senior at WPI.
  8. HydroGlyde Coatings LLC, a medical device company producing consumer products, was founded by Stacy Chin, a 2012 graduate from Holy Cross.
  9. Psychoactive Entertainment is a mobile app and software contract development studio, founded by Tyler Haddad, a rising Junior at Becker College.
  10. PW Industries, producing promotional and marketing content, was founded by Paul Wiley, a rising sophomore at Holy Cross.
  11. Simplicity Tech, a technology and software company, was founded by Angelo Padin from the US Marine Corps.
  12. WooRides, zero emission transportation for the general public, was founded by WPI alumnus Shahbaz Soofi.

 
Make sure to be on the lookout for updates as these exciting companies grow with WCTI.