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Entrepreneur Profiles
2005 MN VC Conference
Sheraton Bloomington Hotel
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Investor
Profiles
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Speaker Profiles
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Companies Selected to Present (To Date) |
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Richard Mueller, CEO
3388 Mike Collins Drive
Eagan, MN 55121
651.675.0300
rmueller@biotherapharma.com
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Biothera is a biotechnology
company dedicated to improving immune health. The company's
primary focus is developing pharmaceuticals whose unique
mechanism of action engages immune cells not normally involved
in the fight against cancer. In addition, Biothera¹s healthcare
group manufactures and markets food-grade, immune-enhancing
ingredients for the nutritional supplement, functional food,
cosmetic and the animal feed and nutrition markets. Web:
www.biotherapharma.com |
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John Barrow, CEO
4206 Park Glen Road
St. Louis Park, MN 55416
952.922.1445 x10
jbarrow@coolibar.com
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Coolibar designs and markets sun
protective clothing. Sun protective clothing has been a highly
successful concept in Australia where it is 3 times the size of
the sunscreen market - implying a potential US market of $2 to
$3 billion per annum. Coolibar's customer is a well educated,
baby boomer women who has experienced health problems with the
sun. Coolibar targets these customers using its catalog and web
site. Coolibar's net sales were $600,000 in 2003 and $1.5
million in 2004. Coolibar is the only company in America to have
products recommended by The Skin Cancer Foundation and in 2004
was rated "Best Overall" sun protective swimwear company by the
Wall Street Journal. To date, the company has raised a total of
$2.5 million in 3 private rounds. |
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John Haaland, Ph.D., CEO
614 McKinley Place NE
Minneapolis, MN 55413
612-656-4484
johnh@discoverygenomics.net
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Discovery Genomics (DGI), a spin-off of the University of
Minnesota, is a therapeutics company whose focus is on gene
therapy. DGI raised $3.9 million in 2001, became operational in
2002, and is now poised to begin clinical trials with children
suffering from a rare, fatal genetic disease - Fanconi
Anemia. We have the potential to greatly improve quality of
life and add decades to the expected lifetime of these
children. We are also conducting preclinical research in order
to begin clinical trials in Hemophilia A, where we offer
a potential cure for these patients. Because of its rare orphan
disease status, the Fanconi Anemia clinical trials can be
completed within two years and could permit DGI to breakeven and
target a public offering within three years. The treatments of
diseases that can currently be addressed by gene therapy have an
estimated market of about $2 billion, which is expected to grow
to exceed $20 billion. DGI intends to
become a market leader in gene therapy by leveraging its
patented Sleeping Beauty Transposon™ System and producing
SB-Transposon therapeutics for treatment of blood diseases,
cancers, and AIDS. We seek $5 million to be used to complete
clinical trials in Fanconi Anemia and initiate Hemophilia A
trials. |
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Gale Ward,
President
7475 Flying Cloud Drive, #537
Minneapolis, MN 55344
612.810.7062
gale@entropysolutionsinc.com
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Entropy Solutions, Inc. is a thermal
management technology company that has engineered low-cost,
high-performance packaging solutions for temperature sensitive
products. The Company's initial market focus is cold-chain
management for the pharmaceutical, vaccine and blood markets.
Follow on markets include food for cold shipment, quick serve
restaurant (QSR) packaging for heat maintenance and the personal
cooler market. Employing new materials and patent-pending
technology, Entropy's solutions are unique in the market in that
they are low-cost, environmentally-friendly, one-way shippers
that deliver improved temperature management and significantly
enhanced performance. The company's goal is to redefine how
temperature-sensitive products are shipped worldwide. |
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Dan Miller, CEO
739 Kasota Avenue
Minneapolis, MN 55414
612.331.9009
dan.miller@excorp.com
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Excorp Medical has developed a
bioartificial liver system for the temporary metabolic support
of patients in serious liver failure. The bioartificial liver
will be used to sustain a patient until recovery of native liver
function or until a transplant becomes possible. This is the
first such system, worldwide, which has been used successfully
in both controlled animal studies and in human clinical trials.
As many as 350,000 patients could benefit from bioartificial
liver support annually in the US with a comparable number in the
European Community. Worldwide, the number of patients is much
larger due in part to the prevalence of viral hepatitis. |
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Drew McCartney,
CEO
530 North 3rd Street, #400
Minneapolis, MN 55401
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First Circle
Medical is a development stage company pursuing a unique,
patentable treatment for Hepatitis C. To date, preliminary
studies have demonstrated outcomes showing that First Circle’s
hyperthermic treatment – heating blood to induce fever –
combined with existing drug therapy – can virtually eliminate
the Hepatitis C virus in many drug-resistant patients. Founded
in 1999, First Circle is addressing a large and growing market
with a promising technology that appears capable of providing
clinicians with a new therapeutic tool to treat this devastating
disease. |
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Bill Dennis,
CEO
11222 St. Johns Industrial Pkwy
Jacksonville, FL 32416
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Gyrx™,
LLC, a Jacksonville manufacturer, lead by a proven management
team, has developed new surgical devices. The devices have
several advantages over devices currently available. The devices
are less invasive, reduces postoperative pain, improves patient
cosmesis and utilize patent pending titanium clip technology.
The surgical ligation product, Visu-Loc™ has been released to
market. The male sterilization device, TiClip™, will be marketed
six months after funding The company is seeking $1 million to
fund the production and roll out of the general surgery and male
sterilization devices. |
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HEALTH CAPITAL MANAGEMENT |
picture not available |
Bill Casey,
CEO
329 Kleinpell Arts & Science
UW-River Falls
410 South 3rd Street
River Falls, WI 54022
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Health Capital Management's business
is about planning and mentoring health care for the elite
client. America has a dysfunctional health care system with
ballooning costs and decreasing and increasingly aggravating
quality of service. HCM has developed and filed a patent on a
new model which utilizes layers of mentors and advocates who
buffer, supervise and plan all of the client's (and their
families') interactions with the medical community. Every client
contact starts with a toll free call 24/7 from anywhere in the
world. The person answering is part of a team who service a
limited number of high net worth family offices and corporations
and knows them and their families well. Appointments may
be made, specialized expertise may be conferenced in, or even
emergency services dispatched. This is where HCM's Mentors for
Living Program will change paradigms. Managing wealth is not
just about managing money, it's also about managing the human
capital. The most important component of that is managing
wellness. HCM is dedicated to managing the human capital
of our clients, especially their wellness and that of their
families. |
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David Mead,
CEO
2120 W. Greenview Drive, Suite 9
Middleton, WI 53562
608.831.9011
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Founded in
1998, Lucigen Corporation (Middleton, WI) has developed unique
specialty products for gene cloning and genomics; and innovative
technologies for enzyme discovery. The Company currently
manufactures and sells more than 50 gene cloning products and
services to customers world wide, including major genome
centers, universities, government research institutions, and
industrial R&D facilities. Using its proprietary and patented
gene cloning technologies, Lucigen is in the process of
discovering and manufacturing unique enzymes for use in many
markets, including: biomedical research, diagnostics,
pharmaceuticals, and bioethanol production (manufacturing
ethanol from crops for use in gasoline). In 2004, the Company
had more than $1M in revenues from sales and SBIR grants, and
has little long-term debt. Lucigen successfully raised over $1M
in its first SEC Regulation D equity private placement round. |
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Tim Belisle,
CEO (right)
Nathan Clevenger, Chief SW Architect (left)
8400 Normandale Blvd, #920
Bloomington, MN 55437
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Mobiliam is the leader in mForce Automation, the fusion of
powerful and cost-effective mobile technologies (PDAs, Tablets,
and Smartphones) with user- and process-centric applications
that draw from and synchronize data with your existing systems
(CRM, ERP, SCM, etc.) to increase productivity and maximize
profits. Mobiliam’s consulting and custom development services
leverage that expertise to bring you the quickest return on
investment available in the mobile paradigm. |
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Gary Heyer,
CEO
7018 Cheyenne Trail
Chanhassen, MN 55317
612.834.1199
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Via NeighborhoodNetwork.com,
every existing home within a metropolitan area will always
be available for prospective home buyers to browse and indicate
interest. All homeowners will have the opportunity to claim,
manage and monitor their property profile through a Realtor
sponsor. Realtors will pay for exclusive buyer collection and
marketing sponsorships enabling homeowners to “Click2Sell™”,
thus inviting "hot", interested, preapproved buyers to tour
their home on a specific day with second showings on the second
day. All offers are considered on the second day thus increasing
the opportunity for a multiple offer situation. On day three, a
"For Sale" sign with a "Sold" sign attached is placed in front
of the home until closing. |
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Thomas Mozer,
CEO
453 Union Road
Brooklyn, WI 53521
608.712.2172
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Business Description: Nerites
Corporation develops novel tissue repair products as well as
advanced coatings for implanted medical devices based on unique
“wet” adhesive compounds. These synthetic compounds are a
breakthrough advance in biologically-compatible adhesives that
provide completely new options for tissue repair and device
coatings. Two patent applications have been filed, along with
four provisional patents. The start-up team has arranged
contract manufacturing and preliminary toxicology and
pre-clinical testing. The Company is in discussions with
potential device partners.
Technology Description: Synthetic
“wet” adhesive compounds based on Mussel Shell Adhesive Proteins
(MAPs). Developed technologies include multiple adhesive
formulations to adhere to both devices and various body
tissues. Various polymers have been developed as coatings of
devices to reduce or eliminate biofouling. Other polymers have
been developed that result in formation of various hydrogels in
situ that are bound to specific tissues.
Proprietary Description: Company
produces the only known synthetic compounds with “wet” adhesive
properties that offer provide: biocompatibility, in situ
adhesion, adhesion to both wet and dry surfaces, flexible
coating thickness and composition, drug-eluting capability, and
multiple hydrogel formulations.
Market Size: Current tissue repair
products are generally accepted as suboptimal: cyanoacrylates
are toxic and fibrin-based adhesives are weak adhesives. Despite
this, the current market for tissue adhesives is approximately
$500M worldwide. An effective tissue sealant (replacing sutures)
or bone adhesive (for small bone fractures) could tap un-met
market needs exceeding $1B/yr. An effective anti-adhesion spray
(to prevent post-surgical adhesions) would tap an un-met market
need that could be as large as $10B/yr. Medical device coatings
are currently a $250M market in the U.S., growing more than
25%/yr. The market for anti biofouling coatings is for surgical
devices and implants is greater than $1B |
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James Bernstein,
MD,
CEO
5335 Wisconsin Ave. NW, #440
Washington, DC 20015
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NOXILIZER, Inc. is an early stage medical
technology company which is developing a unique gas-based
sterilization and disinfection system. The Company's initial
products will provide medical offices, hospitals, and
manufacturers with safer and more flexible systems for
sterilizing medical devices and instruments. Unlike
alternatives, Noxilizer's system is fast, portable, scalable,
and safe for a wide variety of plastics, metals, and
electronics. The Company was founded in April 2004 by three
serial entrepreneurs to commercialize Noxilizer's proprietary
sterilization technology. They have fielded a seasoned
management team of executives, scientists, and engineers with
extensive experience building businesses from ideas through IPO,
and taking medical products from the lab through FDA to market. |
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Kai Kroll,
CEO
6901 East Fish Lake Rd, #190
Maple Grove, MN 55369
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OncoStim Inc. is a privately held
medical device company developing products to treat patients
with solid tumors. The StimGen SXT, is an innovative, patented
system designed to ablate non-resectable solid tumors using
low-level direct current (DC). The StimGen SXT system is
significantly more effective and can address a much larger pool
of unresectable patients than thermal based ablation systems.
OncoStim is initially focusing on non-resectable liver (primary
and secondary), pancreatic and lung tumors. Pre-clinical results
have been very positive and the company plans to submit a 510(k)
application next year. |
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Bill Haworth,
CEO
12925 16th Ave. North
Plymouth, MN 55441
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PlaCor, Inc. is a development stage company with proprietary
technology for measuring the effect of anti-platelet drugs. The
company was formed in 2003 by four former executives from AVECOR
Cardiovascular, Inc. to further develop a novel device to
measure platelet reactivity. In the US alone, tens of millions
of people take aspirin and other anti-platelet drugs daily to
prevent heart attacks and strokes. Testing to ensure that these
drugs are indeed working is a large, emerging market area. The
company has raised over $1.6 million in initial financing and is
now seeking an additional $2.5 million (or greater) in 2005.
Proceeds will be used to complete product development, finish
laboratory and clinical studies and obtain 510(k) approval.
Commercial launch is expected early in 2006. |
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Mark Underwood,
COO
455 Science Drive, #120
Madison, WI 53711
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QRG Bioscience is a
biopharmaceutical company focused on the discovery, development
and commercialization of novel medicines to treat the diseases
of aging. The company's therapeutic products focus on
alleviating the consequences of impaired calcium homeostasis -
the imbalance of calcium ions commonly thought to be related to
neurodegenerative diseases such as Alzheimer's and Parkinson's
diseases. QRG Bioscience is set apart by its cutting-edge
applications of the calcium-binding protein aequorin, breaking
new ground in the fight against neuronal degeneration. |
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Robert Keller,
CEO
1000 Westgate Drive, #260
St. Paul, MN 55114
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Silicon Informatics, Inc. Desktop
Supercomputing, Workstation Prices Silicon
Informatics, Inc, is developing technology that will deliver the
power of supercomputing to the desktop – directly to users of
high value engineering, scientific and business applications.
Currently, these users rely upon servers or clusters of
computers that are typically installed within corporate or
departmental IT data centers. Through our DSA-5000 deskside
server appliance, users will be able to customize and launch
compute-intensive and data-intensive applications within their
own PC environment – independent of their IT data centers. Our
platform will offer the performance of large cluster computing
at a fraction of the cost. |
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DJ Paxton,
CEO
312 Van Buren Avenue South
Minneapolis, MN 55343
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Prospects and
customers connect with
corporate clients and their products and services
using Through the Box® Incorporated's marketing solutions that
combine master teaching techniques, marketing best practices and
interactive computer-based technology. Three secondary
service e-learning lines
diversify risk, represent niche audiences with large,
underserved, stable markets and provide stability with large
growth opportunity. |
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George Reese,
CEO
333 South 7th Street, #1330
Minneapolis, MN 55402
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Founded by technology professionals
from the ad agency J. Walter Thompson, Valtira has built a
portfolio of software products that address the needs of
marketing, communications, and sales managers. This portfolio
includes the only ad agency-focused content management system,
Simplicis, and the only software that enables sales
professionals to build targeted sales web sites from existing
marketing collateral, Spotlite. |
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Frank Solomon,
CEO
1853 Buerkle Road
St. Paul, MN 55110
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Islet
Technology, Inc. (ITI) is a cell
therapy company focused on enabling the transition of
islet transplantation from its current success within the
context of human research trials to full clinical availability
as a curative therapy for diabetes. ITI’s two patent
protected technologies, islet isolation and islet
encapsulation, are essential in preparing islet cells for
successful transplantation. The market potential of
providing islets for transplant center use is estimated to be
$131 million in 2006, growing to $415 billion by 2015.
ITI plans to
file its Biologic License Application (BLA) to the FDA in 2H05
and gain approval to launch its first product, InsCellsÔ,
in 2H06. InsCells are islet
isolated from deceased human donors.
Our follow-on product, CapCellsÔ,
will launch in 2H10. CapCellsÔ
are islets sourced from deceased and living donors and protected
by a proprietary coating that allows islet transplantation
without the use of immunosuppressive drugs.
CapCellsÔ
also enable the transplantation of islets sourced from
non-humans (pigs) and from advances in bioengineering.
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Jennifer Wood,
CEO
438 Main Street South
Dover, MN 55929
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Jenny's Country Kitchen is a
manufacturer of gourmet food products. Having started from
a Local Farmer's Market in 1991, JCK has now grown to over 1.2
million in sales having secured such prestigious accounts such
as Crate & Barrel, Von Maur, Le Gourmet Chef, Cabela's, Bass Pro
and many gift shops across the Country including many hospital
gift shops. In addition, JCK has been featured in QVC's best 50
in 50, Taste of Home magazine, and on the Food Network. After 14
years of perfecting the products and building brand awareness,
Jenny's Country Kitchen is now positioned for tremendous growth,
like it has never seen before. |
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