WPI Venture Forum taps DataPacT as Biz Plan winner

Milford, NH-based DataPacT Systems LLC won out over two other finalists for the WPI Venture Forum’s Business Plan Contest. At the meeting, held November 13, three finalists vied for a prize worth $15,000 in cash and professional services. They’d been chosen from a field of 16 semifinalists last month.

John H. Lai, founder and CTO of DataPacT, has a business concept to which many of us can relate – the need to compress large image files into smaller ones for easier sharing among users, without significantly compromising image quality. Lai estimates that the medical image data storage market totaled $6 billion last year and will grow to $10 billion by next year.

DataPacT Systems LLC is located at 10 Wheeler Street, Milford, New Hampshire 03055. The company can be reached at 603-672-8748; email is john.lai@datapactsystems.com

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.