The State of the State Economy

Plus Case Study: Biosource, Inc.

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

Tuesday, December 14, 2004, 6-9 p.m.
Worcester Polytechnic Institute, Campus Center Odeum

WORCESTER, MA - November 17, 2004 - Financing, cash flow, sales, intellectual property -- launching a new business is a major undertaking. Robert Diamond, CEO and Chairman of Xanboo, a provider of Internet-enabled devices for the consumer and business markets, will provide insights into the variety of issues that swirl around starting and running a business. He will cover funding, developing a plan, picking a team, and the characteristics of successful entrepreneurs. He will also provide a number of real world tips that will be helpful to anyone thinking about embarking upon a new venture.

Prior to founding Xanboo, Bob Diamond served as Chairman of the Board of CIDCO Incorporated, a manufacturing company of telecommunication products that he co-founded. He is the holder of a Caller ID engineering patent and, in 1996, was the recipient of the Ernst and Young Entrepreneur of the Year Award. Prior to CIDCO, Mr. Diamond was President of Robert Diamond Inc., an engineering consulting and manufacturer's representative firm he founded in 1971. He was previously Director of Marketing for North American Philips' Broadcast TV Division and Senior Engineer at Philco Research. He holds a BSEE from WPI.

Case Presentation: SRS Medical Systems, Inc.

Following Mr. Diamond, the case presentation will be by David Mahoney, Executive Vice President of SRS Medical Systems, a Billerica, MA, company that designs, manufactures, and markets proprietary medical devices for the diagnosis and conservative treatment of incontinence, a condition that affects the quality of life for more than 30,000,000 adults.

The WPI Venture Forum meeting will be held on Tuesday, December 14, 2004, at the Odeum Campus Center on the WPI campus in Worcester, MA. Registration begins at 6:00 p.m. and the meeting begins at 6:30 p.m. Registration cost is $10 individual, annual, and lifetime members; and $20 nonmembers.


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.