Columbus : Innovation + Job News

After 22 years as a surgeon at Riverside Methodist Hospital in Columbus, Wayne Poll, M.D., turned in his surgical scrubs to become an inventor and entrepreneur. 

The former urologist, who did mostly laparoscopic surgeries, wanted to tackle an equipment problem that he – and his fellow surgeons – repeatedly encountered with laparoscopes.

“Hospitals pay millions of dollars for high-definition video systems, but surgeons don’t get the clear image they need,” he explains. “Fat, blood and water particles settle on the lens. Surgeons have to pull the laparoscope out of the patient and manually clean the lens about ten times every hour.”

Poll knew there had to be a better way, and he set out to create it. He established Minimally Invasive Devices, Inc. in 2007 with two employees. “For ten years, I tried going to companies with my ideas,” he recalls. He was constantly frustrated. Things started to happen when he won a business plan competition sponsored by Ohio State University’s Fisher College of Business.

He subsequently received help from TechColumbus, a technology business incubator serving a 15-county area in Central Ohio. Dr. Poll raised $200,000 in start-up capital and also received $2.4 million in angel funds, a portion of which came from funds supported by the Ohio Third Frontier program.

His invention – FloShield – received FDA approval, and about 600 of the devices were sold. The FloShield has air flowing around the end of the scope to blow away debris and provide a clear image of the surgical site. Surgeries can be performed more safely and in less time, he notes, which benefits patients, surgeons and hospitals.

Dr. Poll subsequently created FloShield PLUS.  “It uses the same invisible air curtain to protect the lens from floating debris, but it also has a saline solution that flushes fat off the lens.”

Approximately 30 facilities are using FloShield PLUS, which is manufactured and assembled in Franklin, Ohio. The company has 14 employees.


Source:  Wayne Poll
Writer:  Lynne Meyer

The Ohio STEM Learning Network (OSLN) recently received a $50,000 grant from the Walmart Foundation.  STEM refers to the teaching of science, technology, engineering and math. In addition to supporting overall OSLN operations, the funding will be used to facilitate the launch of new STEM schools in rural Ohio, including an academy that focuses on biosciences. Battelle, a global research and development organization in Columbus, supports and manages the OSLN.

According to Courtney Howard Hodapp, program manager of education and STEM learning at Battelle, Senator Chris Widener of Springfield and his staff have been working closely with Battelle, the OSLN and The Ohio State University to develop a bioscience high school to be located in or around Springfield.

“The school will work in partnership with Ohio State, much like the Metro Early College High School in Columbus, to provide learning opportunities, such as research, internships and classes, for students,” she explains. The school is still in the early planning stages.

“This grant from Walmart will allow the OSLN to continue to support the development of high-quality STEM schools across the state of Ohio,” Hodapp states. “We are able to assist with planning and curriculum development, not only for the Springfield biosciences school, but for other schools around the state in the start-up phase.”

Metro Early College High School was established in 2006 as a partnership among Battelle, The Ohio State University and the Education Council, which represents Franklin County’s 16 school districts.

“Metro’s first class of seniors graduated in 2010,” Hodapp says. “One hundred percent of seniors graduate and are accepted into college.” Metro was the first STEM school, both in Ohio and nationwide, and has become a model for STEM schools in Ohio and the United States.

The Ohio STEM Learning Network was developed by Battelle and the Ohio Business Roundtable -- with support from the Bill and Melinda Gates Foundation, the State of Ohio and other partners and stakeholders -- as the nation’s first-ever statewide network for STEM education.
 

Source: Courtney Howard Hodapp
Writer:  Lynne Meyer

More than 50 Ohio companies have received export assistance from the Ohio Department of Development’s International Market Access Grant for Exporters (IMAGE) program.
 
“The Office of Business Assistance leads the initiative to strengthen Ohio’s exporting economy and advance its leadership position in the global marketplace,” says Assistant Deputy Chief of Export Assistance, Wesley Aubihl. “Specifically, export assistance strives to increase international sales of Ohio-made goods and services, creating more and better jobs for Ohioans.”
 
Designed to increase exports and create jobs, IMAGE helps companies promote their products and services in new international markets. Best of all, IMAGE will reimburse companies a maximum of $6,000 or 50 percent on qualifying expenditures up to $12,000 for activities associated with new international marketing initiatives, such as trade shows and foreign marketing material translation.
 
Airstream Inc., developers of lightweight travel trailers in Jackson Center, is just one example of a company that has taken off (no pun intended) thanks to assistance from IMAGE grant funds. Explains Aubihl, “[The funds] offset the costs of participating in a State of Ohio-Council of Great Lakes Governors trade mission to Brazil. The trade mission enabled Airstream to meet potential key customers in the Brazilian market.”

Justin Humphreys, Vice President of Sales at Airstream, has credited the Ohio Department of Development with playing a special role in their ability to meet with key players in Brazil to assess the potential of doing business abroad.
 
Aubihl is hopeful a slew of Ohio businesses will follow in Airstream’s footsteps and experience similar international success. “Since the program began in January, the Ohio Department of Development has awarded 15 trade mission stipends, supported 37 international trade shows, 10 U.S. Commercial Service projects, 20 translations of websites or printed materials, and three export education activities,” he explains. “The participating companies have reported more than $5 million in actual export sales, with additional sales expected over the next 12 months."


Source: Wesley Aubihl
Writer: Joe Baur

Polymers are big business in Ohio. According to Wayne Earley, CEO of PolymerOhio,  “Ohio is definitely a leader in the production and use of polymers.” According to its website, PolymerOhio is an Ohio Edison Technology Center focused on “enhancing the Ohio polymer industry company's global competitiveness and growth.”

Earley’s comments came on the eve of the two-day Ohio Polymer Summit, which was held June 6-7 in Columbus and attended by more than 150 people from throughout Ohio. This was the Ninth Annual Biennial Ohio Polymer Summit.

A presentation on innovation engineering leadership was one of the summit highlights, according to Earley. There was also a segment on shale gas and its impact on Ohio’s polymer industry. “Shale gas is very significant to our industry here in Ohio by lowering energy costs and also lowering the cost of basic polymer materials,” he explains.

Another important session was the introduction of the new computational methods program. “Small- and medium-size companies can’t afford to acquire the software needed for such things as mold design and extruder simulation,” Earley says. “With the assistance of a federal grant, Polymer Ohio is now making these tools available to smaller companies.” 

The polymer industry is Ohio’s largest manufacturing industry, he states. “More than 130,000 people are employed in Ohio’s polymer industry. It’s a growing industry here.

There’s high growth in several specific segments, including conductive and electronic polymer materials, polymer nanocomposites, biomaterials and feed stocks and recyclable polymers.”

Earley points out that polymers aren’t just plastic. “They’re also in adhesives, sealants, paints, coatings and composites of other materials.”

He says that Ohio is the world leader in compounding of polymers – combining different materials to achieve a set of specifications. PolyOne in Avon Lake is the state’s largest compounder, according to Earley. “They’re successful because they have the technology and the capabilities to develop materials and compounds that are specific to certain important applications. They’re also very innovative,” he adds.

Source:  Wayne Earley, PolymerOhio, Inc.
Writer:  Lynne Meyer

The founders of Commuter Advertising – wife Katie Hill and husband Russell Gottesman --  came up with the idea for their company while going home from a White Sox game on the “L” train in Chicago.

“We were approaching the stop for Chinatown and thought it would be a good idea to have a 10- or 20-second audio message there to get people into the restaurants,” recalls Hill.

Hill was with an ad agency and Gottesman worked at a company that sells traffic reports to radio stations. “He was familiar with short, quick audio segments, and I was in advertising, so coming up with the concept was a blend of both our backgrounds,” she notes.

Commuter Advertising produces audio announcements over bus and train sound systems. The announcements advertise products, services and sales of companies located near the bus or train stops. That means advertising messages can be timed to match the location of advertisers, and special promotions can be tailored to passengers.

Hill and Gottesman landed their first contract in 2008 with the Greater Dayton RTA. “They had a request for proposals out at the time,” Hill says. “It was for traditional print advertising, but they were open to other ideas.” 

The couple moved from Chicago to Dayton and have several patents for their concept. They’ve  expanded their market share to reach 100 million riders per year in Toledo, Ohio; Chicago and Champaign, Illinois; Seattle, Washington; Kansas City, Missouri; Rockland County, New York; and Jacksonville, Florida.

According to Hill, the ads cost $250 to $300 per location per month. “That’s typically about 4,000 plays a month of 10- to 20-second audio messages and a scrolling ticker at the front of the vehicle,” she says. “We professionally produce all the ads, and they can contain music, special effects, a variety of voices and languages.”

Very importantly, the transit authorities share in the profits and receive much-needed revenue. “Passengers benefit because this helps keep the cost of fares stable,” Hill notes.

Commuter Advertising has received financial assistance from the Ohio Third Frontier. They’ve expanded from a staff of two to 22 and plan to hire more employees by the end of the year.


Source: Katie Hill, Commuter Advertising
Writer: Lynne Meyer

Getting real-time feedback from customers via social media might be very valuable for restaurant owners. Thanks to VenueSeen, which launched on April 17, that information is now easily available to them.

VenueSeen shows restaurant owners who is saying what about their business on FourSquare, Instagram, Foodspotting and other social media websites. The software also aggregates any photos that are taken at the restaurant.

Family or friends dining out might take a photo and make a positive comment or give the venue a big thumbs down. What diners post may present a marketing opportunity or the need to remedy an unpleasant dining experience.

“Photos and comments form a brand’s social identity,” explains Brian Zuercher, ceo of FlyMuch, the parent company of VenueSeen. “What we’re offering is original content and photos to restaurant owners. It’s good to be aware of what’s being said about your business, and photos add visual content.”
 
According to Zuercher, VenueSeen gathers what’s posted about a restaurant on those three social platforms so that the owners can see, track, analyze, connect and compare the information in a meaningful way. “Owners can use this content to help them have a consistent message communicated across the board,” he notes. “The information can also help them collect feedback, show appreciation, respond to suggestions and interact with their customers online.”

FlyMuch began in the consumer travel industry. Based on feedback gleaned from its experiences in that field, the company launched VenueSeen for restaurants.  VenueSeen's clients currently include some independent restaurants, the Macaroni Grill restaurant chain and a food store in London.

FlyMuch has three full-time and two contract employees and plans to hire five more full-time employees by the end of 2012. The company has received funding from the Ohio TechAngels Fund.


Source:  Brian Zuercher
Writer:  Lynne Meyer

Two budding Central Ohio entrepreneurs have identified a problem in the bankruptcy marketplace and  developed a streamlined solution -- a new company called One Exchange Street.

One Exchange Street is an online bankruptcy claims trading engine that Todd Zoha and Sean O’Riordan established in January of this year. The startup company is designed to be a one-stop shop for both buyers and sellers of bankruptcy claims.

While working together in the turnaround and restructuring advisory unit of a global business consulting firm, Zoha and O’Riordan noticed something critical.

“We were working on the Lehman Brothers bankruptcy and saw how the marketing for unsecured bond positions was very transparent and liquid,” explains Zoha, President and CEO of the company. “We wondered why there wasn’t that same kind of transparency and liquidity for other types of bankruptcy claims, specifically general unsecured claims and administrative claims.”

Buyers of bankruptcy claims are generally sophisticated about the process, he notes. “If you’re a claims seller, however, you’re getting all these calls and contacts from buyers, and you have no way to evaluate whether the price you’re being offered is fair and reasonable,” Zoha says. “This is a big problem for sellers.”

With One Exchange Street, Zoha and O’Riordan have opened up and streamlined the process for bankruptcy market participants. “Claims sellers can list their claims and see recent transaction amounts for similar claims,” Zoha explains. They can also see prices at which bidders are willing to buy. “An important advantage we offer is that all members on our exchange agree to transact using a standardized claim transfer agreement. This enables real-time execution of transactions. These two things differentiate us from our competitors."

There are advantages for buyers of bankruptcy claims as well. “First, we’re a source of information for them about claims sellers,” Zoha says. “Buyers can also aggregate and buy multiple claims at once. Finally, buyers can turn around and sell a claim to other institutional buyers.”

Zoha and O’Riordan raised approximately $600,000 from friends and family for their startup and received a $300,000 investment from TechColumbus in April.

Source:  Todd Zoha, One Exchange Street
Writer:  Lynne Meyer

The Central Ohio-based company e-Cycle wants you and your business to understand the importance of responsibly recycling your mobile devices.
 
“A lot of our clients don’t even know that they might be sitting on a goldmine,” says Founder and CEO Christopher Irion, who launched the campaign after receiving feedback from corporate leaders who were unaware a company like his existed. “If a company has 1,000 used blackberries, that could be worth $50,000 of access to sensitive corporate information.”
 
Irion wants e-Cycle’s current and prospective clients to know there is a solution to safely disposing sensitive information. “e-Cycle will not only pay you for all the used devices, but also make sure that all your personal and corporate information is deleted from the devices.”

Best of all, they’re able to do so in an environmentally friendly manner. “The last thing we want any individual or corporation to do is get rid of these devices by disposing them in a trash can, because of the environmental risks associated with it.” All mobile phones are shredded at their facility with the shredded materials recycled in an ISO Certified, EPA-registered facility where the materials are reclaimed for reuse.
 
e-Cycle has been hosting events with current partners and targeting prospective clients through email and marketing campaigns to help spread the good word. The response from the business community has been strong. With over 14,000 corporate customers, e-Cycle is continuing to grow.

“Based on the amount of phones we’ve received from this initiative, this will be the best month in company history,” explains Irion. “We’re really excited about not only this month, but obviously the impact this is having on our future business.”


Source: Christopher Irion
Writer: Joe Baur

The statistics for obesity in the United States are staggering.  According to the Centers for Disease Control and Prevention, obesity is common, serious and costly -- more than one-third of adults (35.7 percent) and approximately 17 percent of children and adolescents are obese. Obesity-related conditions include heart disease, type 2 diabetes, stroke and certain types of cancer.

Matthew During, Ph.D., founder of Obgenex, is well aware of these sobering statistics.  The professor and full-time researcher at The Ohio State University is working to develop an effective treatment for obesity.

“When investigating environmental manipulation to control cancer, we discovered that so-called enriched environments reduced body fat and made animals resistant to obesity," During explains. "We then discovered the molecular pathways in the brain that made these animals obesity resistant.”

That led to developing the Obgenex treatment. “Our product will be the first biological and neurosurgical therapy for obesity,” he notes. “We essentially reset that part of the brain that regulates appetite and metabolism.”

Obgenex recently received a grant of $100,000 from Ohio Third Frontier to conduct a proof-of-concept study. “The study will take six to 12 months and will demonstrate efficacy and safety, which means effective weight loss with no adverse events,” During says. He is using a specific type of mice in the study. “They have an identical mutation that is found in the subgroup of human subjects who we plan to enroll in our Phase I clinical trial.”

The successful completion of the study is necessary for FDA approval to move forward on clinical trials with humans and will be used to lure investors to fund larger scale trials.  The technology will be licensed from The Ohio State University.

 
Source:  Matthew During
Writer:  Lynne Meyer

With current technology, retailers must negotiate each site individually on which they want to sell, requiring a lot of extra time and coordination.

Yet the Columbus-based company nChannel has come up with a way to simplify the process. It has created a cloud-based service that allows retailers to connect all the sites and channels they must negotiate every day, making it easier and faster for retailers to navigate the system.

“It’s a unique technology that no one else is using in the marketplace, and a unique approach to multi-channel management,” says Lisa Steinhart, Vice President of Marketing for nChannel.

Steinhart explains how the new technology helps retailers function better from day to day. “I have to go to Amazon, enter all my images, prices, inventory, etc., and then do the same thing on eBay, Walmart, my retail store, and so forth," she says. "If you really want to be a retailer you have to be both online and at your store, and you’re also trying to compete with everyone else who has web presence.  We help connect all those systems, knit them together.”

Steinhart says, “Today, companies have two options. They either hire a developer (expensive, time-consuming, a major disruption), or choose products that already work with what they have. Maybe they’re not the best products, but the integration is possible. The advantage of nChannel is that it’s low-cost, quick, and gives companies the ability to use the system in which they’ve invested.

The nChannel site was launched in January of this year, and can be purchased directly from nChannel or through resellers. The company has landed two large customers -- one is an NFL team and the other is a large triathlon organization. nChannel will enable the latter to connect all their race locations and inventory.


Source: Lisa Steinhart
Writer: Catherine Podojil

Last year, one of the attendees at the annual Ohio Growth Summit in Columbus "quit his job the day before the summit, came to the summit and started his business the next day," says Mike Bowers, District Director of the Ohio Small Business Development Center at Columbus State Community College.

That summit attendee is Timothy Wolf Starr, who founded the Small Business Beanstalk, a "local-first" company that connects small retailers to a base of active consumers in the Columbus area. A Small Business Beanstalk card allows shoppers to obtain discounts at independent retailers. The company is now booming, and Starr says, “I send a lot of my clients to the Summit each year.” 

That's why Bowers and Starr encourage all Ohio small business entrepreneurs or hopefuls to attend this year’s summit, which will be held on May 24th at CSCC.

This year’s summit, Bowers says, “is focused on those small business owners who are either starting or growing their businesses. An individual coming to the event can customize their day -- whether it's an owner getting tools and techniques to use immediately, someone having only an idea and not knowing anything about business, or the person who’s been in business for years and is looking to grow."

Summit reakout sessions will address such diverse issues as financing, online social media, marketing and later-stage change. The Ohio Growth Summit is made possible due to a grant from the Small Business Administration.


Source: Mike Bowers
Writer: Catherine Podojil

Pat Valente, executive director of  the Ohio Fuel Cell Coalition, is convinced that fuel cells are the future of energy. The OFCC is a group of industry, academic and government leaders who seek to propel Ohio into a global leadership position in fuel cell technology.
 
Ohio has a competitive advantage in fuel cell technology, says Valente. “We have the supply chain (components), a skilled workforce, and ongoing research on college campuses and in business. We like to say that every fuel cell manufactured in the U.S. has an Ohio component.”
 
Valente touts the clean energy of hydrogen fuel cells. “The only emission that comes out of the tailpipe is water vapor,” he says, referring to the use of fuel cells in vehicles.
 
But fuel cells aren’t just for cars, trucks and buses anymore. Honda is working on an advanced fuel cell that could power a conventional household for six days. Stationary fuel cells are in the works that can power a shopping center or a small community, completely off the grid.
 
In late April, Valente was preparing for the Ohio Fuel Cell Symposium, which took place from May 1st-2nd at Lorain County Community College. “We’re expecting Honda, GM, Daimler, Hundaii, and Toyota,” among others. He thinks government needs to step up with stricter emission requirements, which would further encourage the fuel cell technology.
 
With a rising middle class in China and India, Valente believes it’s just a matter of time before the oil runs out to power all those cars. “We need wind, solar, fuel cells, a little bit of everything. “


Source: Pat Valente
Writer: Catherine Podojil

Students at 21 Ohio colleges and universities can currently seek course help through an e-Tutoring program run by the Ohio Board of Regents. Next year, new funding from the Ohio Tech Consortium, eStudent services, and the Ohio State Fund will enable every student enrolled in all 107 colleges and universities in Ohio to access this service.
 
Karen Boyd, Ohio eTutoring Coordinator, says, “There are other e-Tutoring programs in the country, but Ohio is the only statewide collaborative program.”
 
According to John Charlton, Deputy Director of Communications at the Ohio Board of Regents, “Ohio is a perfect place for such a program because of our '30-mile promise.' There’s a college within thirty miles of every citizen.”
 
E-tutoring is offered in accounting, anatomy and physiology, biology, calculus, chemistry, math, and statistics. Most students also seek guidance in writing.
 
Balee Peth studies marketing and communication at the University of Toledo. She praises the friendly and quick response of her eTutor, who helped her express herself  through her writing.
 
Kyle Steele, a biomed major at Capital University, says, “Even with a science background, it helps me to get advice [with my writing]. You submit your writing and your eTutor reviews it and sends back suggestions for improvement.”
 
ETutors need not be at the same institution as the student seeking help. For example, three students in China, who currently study online at the University of Akron, use eTutoring for their papers. Next year, two of them will spend the academic year in Akron, where they will attest to the value of the eTutoring program. They will also be able to demonstrate their ability to use technology as teachers when they return to China.


Source: Karen Boyd, John Charlton, Balee Peth, Kyle Steele
Writer: Catherine Podojil

Getting face time with the right decision-makers is priority # 1 for any would-be entrepreneur. A terrific idea for a much-needed product may never become reality if it can’t presented to the right people.

Unfortunately, getting face time with the right decision makers doesn’t come easily for entrepreneurs. Fortunately, a one-year-old program in Columbus called First Customer is helping to change that for Central Ohio entrepreneurs. 

First Customer is a joint initiative of Tech Columbus, whose mission is to accelerate the growth of Central Ohio's innovation economy, and Columbus 2020, an economic development organization.  The new organization is currently focusing its efforts on helping qualified entrepreneurs get access to decision makers at established medical device and software businesses.

Such access comes through a steering committee of eight chief information officers from a wide range of industries and fields, such as real estate, utilities, city government, restaurants, hospitals, insurance and fashion.

“To qualify, the entrepreneur must have a clear concept, a written business plan, a team in place and a previous funding source,” explains Parker MacDonell, who is facilitating First Customer. “The individual must also have completed a beta or clinical test and be ready to commercialize the product or service.”

According to MacDonnell, First Customer has had some 35 startups begin the vetting process since the program launched. “Three have gotten business so far, and there are another four or five that will over time,” he notes.

The idea for First Customer came from Columbus laparoscopic surgeon Dr. Wayne Poll. Dr. Poll invented a medical device to help doctors maintain clear sight during a laparoscopic procedure. While his device is now a success, Dr. Poll discovered that hospitals can be difficult to navigate when it comes to new products.

He hoped to see an organization created to help entrepreneurs get access to decision makers. First Customer is the result of his farsighted idea.
 
Source:  Parker MacDonell
Writer:  Lynne Meyer

Peter Greco and his cofounders, Rush Bartlett and Arthur Chlebowski, have just moved their startup company, LyoGo, to Columbus from Indiana.

LyoGo, which was one of the winners of last year’s 10xelerator program at the Fisher College of Business at the Ohio State University, has created a drug delivery system that makes it possible for patients to give themselves their own injectable medications. This technology cuts out trips to a physician’s office and thereby shrinks healthcare costs..

LyoGo's technology accommodates drugs that remain unstable in solution form and must either be refrigerated or lyophilized (freeze-dried) to be stored. The existing process for such drugs leaves room for error in the mixing and injection process. LyoGo streamlines and simplifies the process, leading to greater ease and safety in the self-medication process. The company name LyoGo was derived from a shortened version of the phrase, “Lyophilized products to Go."

Greco says that a major draw of Columbus is the Battelle Memorial Institute, the world’s largest, independent R&D organization. “Battelle will provide services to refine the LyoGo device,” which was made possible through a million-dollar investment from an investor who was present at the 2011 10X accelerator program, at which LyoGo was one of the ten funded teams.

Greco and his team are excited about the possibility of eventually seeing their device on the market. Greco says “LyoGo is gathering test data which the pharmaceutical companies can use to assess the compatibility of our device with their drugs. We expect to be working soon with a pharmaceutical company to pair their drug with our device so that it may improve patients’ lives.”


Source: Peter Greco
Writer: Catherine Podojil