BIOTECH INDUSTRY VETERAN ANALYZES HOW LEADERSHIP WORKS

FOR IMMEDIATE RELEASE...
Contact: Gina Betti,
WPI Venture Forum
+1-508.831.5075,

Plus Case Presentation: CHI Scientific -- Molecular & Cellular Materials for Life Science Research

Tuesday, May 9, 2006, 6-9 p.m.
Worcester Polytechnic Institute, Campus Odeum Room

Worcester, MA - April 19, 2006 - Entrepreneurial organizations need leadership to succeed, yet the fundamentals of leadership are difficult to identify as a discipline. On May 9, 2006, David Stone will dissect real-life examples of entrepreneurial leadership to demonstrate how business owners can be better prepared to recognize and value this success-driving activity.

Stone is the Founder and Managing Director of Liberty Tree Advisors, LLC, a consulting firm that helps emerging life sciences companies grow. He is also a Partner of Flagship Ventures, an early-stage venture capital firm focused on creating, financing, and building innovative companies in the Life Science and Technology sectors. In addition, he is an independent director and Chairman of Oscient Pharmaceuticals, a commercial-stage biopharmaceutical company.

The case presentation will be by Dr. Alfred L. Chi, the founder and Interim Chief Executive Officer of CHI Scientific, Inc. CHI Scientific develops and commercializes midrange to high-end proprietary research materials that accelerate research and discovery in life sciences. Products include their Primacell technology for standardizing primary cell culture processes, a line of low cost and high quality recombinant proteins, and molecular biology and cell biology reagents for molecular medical research.

The WPI Venture Forum meeting will be held on Tuesday, May 9, 2006, at the Campus Center, Odeum Room, 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 (http://www.wpiventureforum.org), part of the Collaborative for Entrepreneurship & Innovation in the Department of Management at WPI, was created in 1990 to promote the entrepreneurial spirit and to serve those who engage in technology-based entrepreneurial enterprises. The group provides advice, support, and education tailored to meet the needs of entrepreneurs through such activities as monthly programs, a business plan contest, a weekly radio show on News Radio WTAG (Saturdays, 5-7 pm, 580am), networking events, and a monthly newsletter.

- END -

WPI Venture Forum
Worcester Polytechnic Institute
100 Institute Road
Worcester, MA 01609
508.831.5075
ventureforum@wpi.edu

PR Contact:
Shari Worthington
Telesian Technology Inc.
49 Midgley Lane
Worcester, MA 01604
508.755.5242



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.