2007 WPIVF Business Plan Contest Finalists

Congratulations and good luck to the 2007 WPI Venture Forum Business Plan Contest Finalists who will present on November 13, 2007 to the WPI Venture Forum Monthly Program audience. Click here for program detail. Finalists are displayed alphabetically. Prize will be awarded that evening.

Corum Medical, Inc.

Alan R. Kivnik

Corum Medical, Inc., founded in 2006, is a development stage company entering the medical instrumentation market. Corum Medical will create a for profit business, leveraging patent pending technology exclusively licensed from Brown University and Rhode Island Hospital. Corum Medical’s first products will be a family of medical instruments for the measurement of blood hemoglobin (Hgb). These instruments will differ from other products on the market in that they are noninvasive, diagnostic quality, cost effective and provide results in real time. Preliminary trials at Rhode Island Hospital have demonstrated the efficacy of this technology, ease of use and patient acceptance.

Team

Alan R. Kivnik - President and CEO

President and CEO of 4 successful high tech startup companies - 2 in medical devices
BSEE and MSEE in Electrical Engineering - more than 200 designs into production

Olga Cherniavsky - Chief Marketing Officer

Strategic marketing consultant in the medical device industry.
She has more than 20 years of professional experience with 10 years dedicated to global strategic market planning, new product development, and business management
Senior marketing positions in Zoll Medical, Haemonetics Corporation, Cadent Medical and others

John McMurdy - Chief Technical Officer

Completing his Ph.D in biomedical engineering at Brown University under NASA Fellowship
Expertise is in spectroscopic techniques and spectral processing, liquid crystal optics, and biomedical optical diagnoses methods
Nine peer-reviewed publications and has presented his research at numerous conferences

Mort Rosenberg - Chief Financial Officer

CFO on a part-time basis for companies from $0 to $10 M
Career includes State Street Bank, Eastern Gas and Fuel Associates and Waters Associates/Millipore
More than 40 years of senior financial strategy and management

Customers

Hospitals, physicians offices, medical clinics, blood banks, EMTs, Home Healthcare Organizations, Military long-term care facilities, consumer for self care, surgical suite.

Market Size

US $5 billion

Competitors

Old technology. No competitors offering a non-invasive, point-of-care solution.

Seeking

Funding: US $3,500,000
Management team: Established
Board of Advisors: Established

DataPacT

John Lai

DataPacT Systems, LLC, is engaged in the field of medical image data compression. The product is a revolutionary software application (patent pending) that reduces very large digital medical image data files from about one tenth to one one-hundredth of their original size. Data loss from compression ranges from zero data lost to no significant data lost.

Team

John Lai - Founder & CTO

Product concept developments, prototype development and market research for the this venture
Author of the patent (US and international) submitted to USPTO
10 plus year in software development (communications and satellite imaging), research and development and teaching

Remi Depommier - Business and Marketing

Currently, president of Setrix AG (US subsidiary)
Project manager at Siemens Corporate Research, Princeton, NJ
20 years of experience in bring new technologies to market

Tony Stannizi - Medical Marketing and Sales

Currently, a strategic business development manager with a multi-national healthcare company
Experience with successful medical imaging startups
25 plus years in diagnostic imaging industry taken on roles such as regional sales manager, VP of sales and marketing

Customers

Hospitals, medical imaging clinics, medical image data management facilities. The Picture Archive and Communication System (PACS) vendors and the image acquisition original equipment manufacturers (OEMs).

Seeking

Funding: US $3,500,000
Management: CEO, CFO
Board of Advisors: Seeking

Kevin H. Mulvey

Vipcort

Vipcort is an integrator of VoIP wireless & wire line applications, services and hardware currently disseminated across hundreds of companies focused on niche products and services for the VoIP (Voice over Internet Protocol) market. Vipcort provides a collaborative managed-service for wireless and wire line; developers, service providers, resellers, interconnects and enterprises. Vipcort will accelerate the adoption of VoIP services within the SMB (Small and Medium size Businesses) market. Vipcort’s suite of integrated third party applications and hardware allows service providers and enterprises to migrate to VoIP at varying degrees. Vipcort has a three-phase process for penetrating the SMB market and aggressively obtaining market share. Vipcort is positioned to obtain customers and generate revenues within the first 90 days.

Team

Kevin H. Mulvey - Founder

Executive team member of 3 start up companies
Launched 6 markets for two public companies
18 years in telecom/wireless/software

Cornelius J. Connolly - VP Engineering

Founder of IP Bridges
Launched first Speech Recognition & Text to Speech platforms / Brite Voice Systems
Launched series of VoIP gateway & media server products for carrier & SMB markets

Erin Golden - VP Marketing

VP Marketing, SAP
VP Marketing, Aptium
VP Marketing, Software 2000

Customers

Vipcort will acquire IP Bridges llc, a small technology company developing leading edge integrated VoIP platforms. Currently IP Bridges has 15,000 lines under management. This strategic acquisition will allow Vipcort to leverage an established partnership with CranComm, Inc.’s distribution network. CranComm is the AAA of the telecommunication industry. Vipcort will be in the position to sign Vipcort Dealership agreements with the 3,500 interconnect companies, representing 30,000 agents across the United States. This service will be marketed under the name; IP Bridges - "Hardware that Works with - Everything"

Market Size

Midsize firms (100-999 employees): 9,000
Small businesses < 100 employees): 8.0 million
Home office households: 32.5 million

Seeking

Funding: US $5,000,000
Management: CTO
Board of Advisors: Established

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Last modified: Nov 09, 2007, 14:19 EST