Forecasting the Future: What's In Store For The Massachusetts Entrepreneur?

FOR IMMEDIATE RELEASE/November 12, 2001
Contact: WPI Venture Forum, +1-508-831-5075

Worcester, MA - Tuesday, December 11, 2001 - The WPI Venture Forum, an organization devoted to developing technology-based entrepreneurship, welcomes Worcester Business Journal's acting editor Christina L. Pappas. Originally scheduled for the kick-off meeting of the 2001-2001 Venture Forum session, Ms. Pappas will deliver the keynote speech at the upcoming December forum. She will address the steps entrepreneurs can take to overcome obstacles as they attempt to succeed in this bleak economy. As part of her journalistic work with the WBj, Ms. Pappas deals with a variety of business owners, venture capitalists, economists and other professionals. Through these extensive contacts, she has developed a familiarity with the local and regional business climate.

WBJ's "Startups" column and its Top Growth Companies project has afforded Ms. Pappas the opportunity to interact with many startup compnaies. From her observations of the business community, as well as her associations and the numerous research resources available to her through the WBJ, Ms. Pappas has drawn a perspective on business environment in the next six months to two years. She will offer some practical tips on how start-ups, as well as established businesses, can weather stormy times ahead.

The WPI Venture Forum meeting will be held on Tuesday, December 11, 2001, at 6:30 p.m. in Campus Center Odeum (please note the change in location of the meeting), on the WPI campus with registration beginning at 6:00 p.m. Admission is $10 for individual annual and lifetime members, $20 for non-members and no cost for discounted members. To register, call 508-831-5075 or visit www.wpiventureforum.org. This meeting is the second in a monthly series for 2002 academic year.

Case Study

In addition to the keynote speech by Ms. Pappas, there will also be a case presentation. Mr. Walter Stock, c-founder of Vayusa Inc., will present its innovative technology that allows quick and easy point-of-sale purchases to be made using cell phones and wireless networks. This technology is currently available in Scandinavia and Japan; Vayusa intends to initiate a similar product in this country.

Vayusa's Founder, Ajay Bam, Walter Stock, Troy Chen and Anshu Dua, have extensive experience working with start-ups and technology companies as well as expertise in software engineering, operations management and business development. They will explain how Vayusa's payment platform allows consumers to access and use their checking account as well as debit, credit and loyalty/discount cards through their cell phones. The company promotes the system as convenient, easy to use and secure.

Following the presentation and a short networking break, a panel will review the presentation as well as Vayusa's written busines plan and provide constructive feedback.

Originally scheduled for the kick-off meeting of the 2001-2002 Venture Forum season, Worcester Business Journal's acting editor Christina L. Pappas will deliver the keynote speech at the upcoming December forum. She will address the steps entrepreneurs can take to overcome obstacles as they attempt to succeed in this bleak economy. As part of her journalistic work with the WBJ, Pappas deals with a variety of business owners, venture capitalists, economists and other professionals. Through these extensive contacts, she has developed a familiarity with the local and regional business climate.

WBJ's "Startups" column and its Top Growth Companies project has afforded Pappas the opportunity to interact with many startup companies. From her observations of the business community, as well as her associations and the numerous research resources available to her through the WBJ, Pappas has drawn a perspective on business environment in the next six months to two years. She will offer some practical tips on how start-ups, as well as established businesses, can weather stormy times ahead.


About the WPI Venture Forum

The WPI Venture Forum was created in 1990 to promote the entrepreneurial spirit and to serve those who engage in technology- based entrepreneurial enterprises by providing advice, support and education tailored to meet their needs. The forum fosters entrepreneurship through such activities as monthly programs, a business plan contest, a weekly radio show on News Radio WTAG (Saturdays, 5-7 pm, 580am), and a monthly newsletter.

The Venture Forum, as part of the Collaborative for Entrepreneurship & Innovation in the Department of Management at WPI, serves individuals who are seeking to begin their own technology-based businesses; founders, presidents, and senior managers of start-up or early-stage companies; senior managers of companies that are restarting or making a transition for one mode of operation to another; and employees leaving large companies due to a reduction in force or to start businesses.