Stories indexed with the term ‘entrepreneurs’

University of Michigan Board of Regents meeting (Dec. 17, 2009): The December meeting of the UM Board of Regents was packed with presentations – on entrepreneurship, a new enrollment policy for Ph.D. students, and environmental sustainability efforts on campus.

Tom Kinnear talks with University of Michigan regent Julia Darlow. Regent Denise Ilitch is seated to the left. Kinnear is head of UM's Zell Lurie Institute for Entrepreneurial Studies, and spoke to regents about programs for student entrepreneurship. (Photo by the writer.)

Regents also approved the naming of the Von Voigtlander Women’s Hospital, reflecting a $15 million gift to the institution – part of the massive $754 million C.S. Mott Children’s Hospital and Women’s Hospital complex being built and expected to open in 2012.

The board signed off on several facilities projects, including interior work on offices at the former Pfizer site, now called the North Campus Research Complex (NCRC), as well as the next step in renovations of the Couzens Hall dormitory.

Also approved was a letter making UM’s annual operating request to the state, which laid out why legislators should appropriate funds to support the university in fiscal 2011. The letter, under the signature of UM president Mary Sue Coleman, did not request a specific dollar amount.

Coleman kicked off the meeting, as she typically does, with some opening remarks that led to news about plans to hold the April 2010 regents meeting in an unusual location: Grand Rapids. [Full Story]

Jeremy Canfield and Sergio Mendez of the tech start-up Phonagle study their iPhones as they search for virtual game pieces in Ingalls Mall during the art fairs on Thursday. (Photo by the writer.)

Sergio Mendez was meandering through the art fairs crowd in downtown Ann Arbor. Walking down Washington toward Main Street, Mendez saw something worth picking up. It was the left arm – just the left arm – belonging to a guy he knows, Eric Garcia. So Mendez  grabbed it and put it in his backpack.

That left arm wasn’t some sculpture in the art fair. But no worries, it also wasn’t Garcia’s literal left arm. It was a virtual arm, part of a multi-player iPhone game that Mendez and Garcia are developing, along with their colleagues at Phonagle, Jeremy Canfield and Ben Malley.

Phonagle LLC is a tech start-up. This week they’re using the art fairs as the setting to test out the game they’re developing. The object of this game: Find and collect virtual objects set up around the city – this version included their own virtual body parts. [Full Story]

The TechArb offices are accessible via a graffiti covered door in the alley next to the Michigan Theater. (Photo by the writer.)

Behind a graffiti-covered door, at the end of the alley next to the Michigan Theater and one floor below street level, a handful of entrepreneurs are working at all hours in some pretty unusual office space.

Under the umbrella of TechArb, a coworking space for University of Michigan students, 10 start-up technology companies have set up shop in 30,000 square feet of commercial basement space that has been vacant for years. With 18-foot ceilings, imposing columns and no natural light, there is feeling of total isolation from the hubbub of Liberty Street, just one story up. The seclusion allows the 30 entrepreneurs to focus intensely on building their businesses.

They’re hard at work because the clock is ticking. They’ve got the rent-free space for this summer, and this summer only. [Full Story]

Phil Power talks to UM students on Friday afternoon as part of the MPowered lecture series on entrepreneurship.

Here’s what Phil Power believes: “There is nothing in life that is more challenging or more of an art form than being an entrepreneur.”

The former UM regent and newspaper publisher was talking to a group of University of Michigan students on Friday afternoon, giving them some insights on his own experiences founding Hometown Communications Network as well as his newest venture in social entrepreneurism, the Ann Arbor-based Center for Michigan. His talk was part of a series hosted by MPowered, a student entrepreneur group.

Power said he’d read Friday’s Detroit News article reporting that more than half of UM’s graduates leave the state after graduation. People have told him there’s nothing here for them in Michigan, he said, “which I think is a load of bull.” [Full Story]

Ted Dacko, CEO of HealthMedia, was named the 2008 Entrepreneur of the Year at the New Enterprise Forum's annual awards event Thursday night.

HealthMedia, says Ted Dacko, is “a company that shouldn’t be here.”

Just a few years ago, the Ann Arbor firm was left for dead. They had 85 employees, a burn rate of $685,000 a month, and very little revenue. Venture capital funding had dried up. Dacko was working there as vice president of sales and marketing when the previous CEO quit – two weeks before the firm would literally run out of money.

The board asked Dacko if he wanted the job. If he took it, he had two choices: Make a go of it, or lock the doors.

If you know the rest of the story, you know why Dacko was honored Thursday night with the New Enterprise Forum’s Entrepreneur of the Year award. [Full Story]

A page from Mary Wessel Walker's handmade recipe book.

The Masonic Temple on West Liberty seems an unlikely place to find a food entrepreneur, but when The Chronicle arrived there one Tuesday morning earlier this month, Mary Wessel Walker was already aproned and baking at the commercial kitchen there.

“I’m experimenting a lot with recipes I haven’t tried in large quantities,” she says, opening a jar of honey that had crystallized from the cold. Those large quantities are for her customers –  eight families who’ve signed up to buy a weekly amount of baked goods from CFK Bakery, Wessel Walker’s newest venture. [Full Story]

Ann Arbor is considered a regional hub for food system entrepreneurship. Along with an incredible diversity of grocery and restaurant businesses, Ann Arbor attracts a large collection of emerging ventures. As an agricultural innovation counselor with the Michigan State University Product Center, I help entrepreneurs get their products to market, and I’d like to highlight some of these ventures to provide insights into both entrepreneurship and the potential of developing our local food system. [Full Story]

Christopher Ilitch and Doug Rothwell speak to the Entrepreneurship Club at UM's Stamps Auditorium. Some things never change – no one likes to sit in front.

It’s hard to know how many of the 200 or so students who attended Friday’s Entrepreneurship Hour lecture will become entrepreneurs. Maybe not the ones playing video games on their laptops or texting on their cellphones – but you never know.

Those who were listening to Christopher Ilitch and Doug Rothwell gleaned a fair bit of advice on what it takes to succeed, and on what some community leaders are doing to support entrepreneurs in southeast Michigan. [Full Story]