IUPUI Innovation to Enterprise Showcase & Forum
Thursday, November 20, 2014
Campus Center Theater
1:30 pm Registration
2:00 pm Welcome
2:10 pm Panelist Presentations
3:00 pm Questions for the panel
4:00 pm Networking/Posters in lobby
Funding Innovation—Alternatives Funding Options for New Ventures
There are more funding options open to startups than ever before as new services have emerged to fill the gap created as banks and conventional venture capital firms pull away from riskier early stage investments. An expert panel will provide insights on how new firms can explore options for raising funds, even in the earliest stages—while the company is still small, and even when the company does not yet have a marketable product.
- Learn about the new Indiana investment crowdfunding law
--Insight into how businesses can work with an investment crowdfunding platform to raise capital
--Pros and Cons of using investment crowdfunding to raise capital—
--How businesses are succeeding using Kickstarter and Indigogo.
--How should I structure my crowdfunding deal? A "crowdvested" security, (equity or debt?) or traditional non-security crowdfunding.
- How to prepare to raise funding from investors
--Do you need capital?
--When should you raise capital, and when should you NOT.
--What do I spend that capital on?
- Additional options for funding
--Pursuing technology and product development through SBIR grants
--IU Spinup Program
--State resources to help with non-traditional funding
Nick Carter, Founder of Husk Foods
Kevin Hitchen, Founder of Localstake
Polina Osherov, Co-founder of Pattern, and the editor-in-chief of Pattern Magazine
Jacob Schpok, Executive Director for the Lt. Governor's Office of Small Business and Entrepreneurship
Joseph Trebley, Head of Startup Support and Promotion, IU Research & Technology Corporation
Nick Carter is a serial entrepreneur—founder of over a half a dozen businesses, currently the acting CEO of 2 startups and an active partner or board member in 4 other established companies. Starting his first business at the age of 16, Nick is truly an entrepreneur at heart. Born as a farm boy, Nick has a rich heritage in entrepreneurship and a firm understanding of hard work. Nick is the author of “Twelve Seconds,” which teaches entrepreneurs to get their small business off the ground. He describes his vocation not as a farmer, a software engineer, or a foodie, but simply as a person whose sole job is to see opportunities in the marketplace and create businesses to seize them.
Kevin Hitchen and his two partners co-founded Localstake in 2011 to provide growing businesses a new solution for raising capital. Since its launch in 2013, the online investment marketplace for investing in private businesses has been featured in national media publications like TechCrunch, YahooFinance, and Investopedia. Entrepreneur highlighted Localstake in its Reinvention 2013 article on “Indy’s Innovators”. Kevin is an active speaker and advocate for entrepreneurship, increased access to capital for businesses, and private business investing. He has spoken in Washington D.C. to Whitehouse executive leadership about entrepreneurship in Indiana, has been seen on Inside Indiana Business, and has been quoted in the Indianapolis Business Journal (IBJ) and BizVoice.
Polina Osherov is Co-founder of non-profit fashion industry networking and advocacy group Pattern, and the editor-in-chief of Pattern Magazine, an award winning, internationally distributed publication about fashion, design and creativity in Central IN. She is also a commercial photographer, working with corporate clients, advertising agencies and marketing companies.
Jacob Schpok is the Executive Director of the Office of Small Business and Entrepreneurship. This newly created office, housed under the Lieutenant Governor, was established to ensure Indiana is a state that works for entrepreneurs. Under his new role, Jacob continues to serve as State Director of the Indiana Small Business Development Center, Indiana’s business consulting organization focused on helping entrepreneurs start stronger, grow faster, and work smarter. Last year alone, the ISBDC helped Indiana businesses raise $70 million in capital and create over 1,600 full-time jobs. Prior to his two current positions, Jacob worked for the ISBDC in a number of roles, co-founded two businesses, earned an entrepreneurship and small business management degree from Ball State University’s entrepreneurship program, and spent his youth in South Bend Indiana cutting his teeth working for a family business.