12/20/13 ITEN Monthly Newsletter- December 2013 campaign.r20.constantcontact.com/render?llr=rirjeadab&v=001SZ1qw1gWteQ3nca3R8umAr6ypLvUcTqQ74L45FIzehv8k8BG5Svaq7b0wXR8qPTExN4qOHGn… 1/4 You're receiving this email because of your relationship with ITEN. Please confirm your continued interest in receiving email from us. Click here You may unsubscribe if you no longer wish to receive our emails. ITEN: Catalyst for Tech Startups Happy Holidays December 2013 In This Issue Happy Holidays Sign Up For Startup Digest Washing U Students Available for Free Consulting to Startups Yale Summer Interns Featured Company of the Month: DIMS Featured Job Opening 2014 InvestMidWest Application Deadline Approaching Happy Holidays! The staff at ITEN want to wish you all the best as the year winds down and you spend time with family and friends. However, before you drink too much egg nog and eat too many cookies we want to remind you the ITEN January 2nd Thursday will be January the 9th. The topic will be on all those New Year's resolutions you made to be better catalysts for the tech startups. Just kidding(kind of). The topic of the 2nd Thursday will be: ITEN Initiatives for 2014. While we feel that 2013 was a stellar year in the St. Louis start up community we know that 2014 will be even more exciting and productive. Cheers! StartupDigest The personalized insider newsletter for all things startup in our area. Subscribe to the FREE weekly St. Louis edition of Startup Digest, providing a menu of the best events for tech startups in our town. With the evergrowing array of startup activities in St. Louis, it's hard to know which to attend. Startup Digest can help. We curate the events and point you to the best ones for the week ahead. Wash U Students Available for Free Consulting to Startups e Featured Company: DIMS St. Louis, MO: (DIMS) Dead Inventory Management System 's first online marketplace, Manufacturers' Inventory, is proud to announce they have reached their 30th Seller on the site. DIMS was founded in 2011 with the same concept of reselling idle electrical component level inventory online with a proprietary handheld scanner. 2013 has proven to be a big year of changes for this company. Starting off the year with a new partnership group, the company began developing its cloudbased system of generating product descriptions at a rate of 5,000 parts per hour. They were able to build out the Manufacturers' Inventory (MI) marketplace with the seed funding granted through the Capital Innovators program. They have grown their customer base, hired their first set of employees, and had their first sales with the new marketplace. The online marketplace and its features are fully functional, with over 3,000 products on the site, valued upwards of $1.8M, with customers ranging from California, to
You're receiving this email because of your relationship with ITEN. Please confirm your continuedinterest in receiving email from us. Click here You may unsubscribe if you no longer wish to receive our emails.
ITEN: Catalyst for Tech Startups Happy Holidays
December 2013
In This IssueHappy Holidays
Sign Up For Startup Digest
Washing U Students Available for Free Consulting to Startups
Happy Holidays!The staff at ITEN want to wish you all the best as the year winds down and youspend time with family and friends. However, before you drink too much egg nogand eat too many cookies we want to remind you the ITEN January 2nd Thursdaywill be January the 9th. The topic will be on all those New Year's resolutions youmade to be better catalysts for the tech startups. Just kidding(kind of). The topicof the 2nd Thursday will be: ITEN Initiatives for 2014. While we feel that 2013 was a stellar year in the St. Louis start up community weknow that 2014 will be even more exciting and productive. Cheers!
StartupDigest The personalized insider newsletter for all
things startup in our area.
Subscribe to the FREE weekly St. Louis edition ofStartup Digest, providing a menu of the best eventsfor tech startups in our town. With the evergrowingarray of startup activities in St. Louis, it's hard toknow which to attend. Startup Digest can help. Wecurate the events and point you to the best ones forthe week ahead.
Wash U Students Availablefor Free Consulting to
Startups
e
Featured Company: DIMS
St. Louis, MO: (DIMS) Dead Inventory Management System's first onlinemarketplace, Manufacturers' Inventory, is proud to announce they have reachedtheir 30th Seller on the site. DIMS was founded in 2011 with the same conceptof reselling idle electrical component level inventory online with a proprietaryhandheld scanner. 2013 has proven to be a big year of changes for thiscompany. Starting off the year with a new partnership group, the companybegan developing its cloudbased system of generating product descriptions at arate of 5,000 parts per hour. They were able to build out the Manufacturers'Inventory (MI) marketplace with the seed funding granted through the CapitalInnovators program. They have grown their customer base, hired their first setof employees, and had their first sales with the new marketplace. The onlinemarketplace and its features are fully functional, with over 3,000 products onthe site, valued upwards of $1.8M, with customers ranging from California, to
Clifford Holekamp, senior lecturer in entrepreneurshipat Olin Business School
Wash U business students will be performingmanagement consulting projects for St. Louis earlystage ventures. Possible project ideas could bemarket analysis, competitive research,pricing/revenue model analysis, evaluation/exitanalysis, etc. Any company associated with ITEN,Arch Grants, TRex, or Cultivation Capital is eligibleto apply for student support. Please submit project nominations directly to BrianHarting at [email protected] by January 3rd. Project applications can be in simple email formatand should include the name of the company,
contact person and contact information, a onesentence description of the business, and a one tothree sentence description of the proposed project. The students will be asked rank their preferredprojects and the selected companies will be notifiedin midJanuary. Projects will be completed by thestudents by April 11.
Yale Summer Internships:Bulldogs by the Big Muddy
Bulldogs by the Big Muddy sponsored by The YaleClub of St. Louis, is bringing Yale summer interns toSt. Louis. Internships: are offered during Summer break, and typicallylast 810 weeks may be full or part time should allow for a current employee to serve as aprofessional mentor while supervising the internshould provide payment if the organization'sindustry is anything other than non profit orgovernment have clear learning objectives for students topinpoint personal goals and positional expectations
If you are interested in it, please follow theinstruction below to create your job posting: Log in at https://csmyale.symplicity.com
If you have not previously used the system, select"Register" on the home page
Once your registration is approved by our office,
the site, valued upwards of $1.8M, with customers ranging from California, toMontreal, Canada; consisting of primarily Electrical Distributors, and OriginalEquipment Manufacturers. Their innovative way of dealing with excess inventory has helped them reach anearly agreement with a MRO Supply management company; they manage over200 plants around the world and will use MI's services to help alleviate some ofthe estimated $200M worth of dead inventory from some of their customers. MI has signed on their first two Manufacturers' Representative organizations,covering four states, to help bring more customers to the site. As 2013 draws toa close and the manufacturing industry is tallying their inventory for yearendreports, they are expecting many more sellers to join the site at the start of theyear. Beginning in early 2014, DIMS will replicate the MI model to launch their secondonline marketplace to serve the commercial lighting industry. They havealready signed on multiple companies to use the site, who have excessinventory valued at over $1.2M. The marketplace will consist primarily ofcommercial fixtures, ballasts, and other various components. DIMS continues to develop new technological advances and features to add totheir marketplaces, including integration with Enterprise Resource Planning(ERP) systems to allow for real time updates of quantities and automatic orderentry. DIMS is currently raising funding and always looking for resources andinterested parties help. About Dead Inventory Management System: they are a startup company basedout of St. Louis, MO. They have developed technology to quickly list, market,and sell large quantities of inventory online. Their first marketplace,Manufacturers' Inventory is targeted to the industrial manufacturing industry.www.deadinventorymanagement.com or www.manufacturersinventory.com
Featured Job Opening
GoodMap is seeking a parttime Data Specialist with data managementexperience. Please review the details of this position and share with colleaguesand friends who might be interested in this position. As well, please reviewother current openings at https://www.itenstl.org/latestjobs/joblist
2014 InvestMidWest: Final ApplicationDeadline Approaching
The 2014 InvestMidwest is scheduled for March 2627 in St. Louis. InvestMidwest provides an opportunity for high growth companies fromthroughout the Midwest to present to an audience of over three hundredattendees including 60 70 venture capital investors. The conference includesthree presentation tracks: life sciences, technology and food/ag/bioenergy. The main criteria for a company to be considered are: Project $20M in revenue within five years (varies with industry) Seeking funding from $1M to $20M Located within the broader Midwest The final application deadline is January 10. To apply to present at the 2014InvestMidwest click here . For more information visit www.investmidwestforum.com .
