|
eTravelExperts,
founded in 1997 specializes in providing high quality
customer support and service solutions for the travel market. The company
provides consulting, fulfillment and customer care services. E-Travel
Experts’ full-service fulfillment includes ticketing and distribution of
itineraries and receipts via e-mail, mail and courier, as well as refund and
reissue processing, back office accounting and settlement. The company
provides outsourced customer support center operations, including phone,
email, and chat support for the online travel distribution channel.
E-Travel Experts also provides technical and business process consulting to
the travel market. The company has 250 employees at two locations,
one in Eden Prairie, MN and one in Mankato, MN.
The company anticipates continuing its rapid growth at a sustainable 30%
compounded annual rate. It plans to accomplish this through a combination
of organic growth of existing business partners and the addition of selected
new business partners and service lines. E-Travel Experts received
the 2001 Tekne Start Up Company of the Year award. E-Travel Experts was
also named #2 in the Deloitte & Touche 2003 Minnesota Technology Fast 50
list for 2003.
www.etravelexperts.com
Cymbet is in business to mass produce
the most powerful and advanced thin film lithium ion micro- battery ever
developed. The product is based on proven science developed over a span of
15 years by the U.S. Dept of Energy (DOE) and significantly improved by
POWER FABT, a mass production technology developed and patented by Cymbet.
POWER FABT permits the direct integration of a permanently rechargeable
power source during the product manufacturing process, a capability never
before possible. This enables a high energy density, safe, flat/flexible and
durable energy source for portable applications. The business model is based
on an efficient direct sales linkage to strategic partners and OEMs in the
semiconductor, MEMS, RFID tag, implantable medical device smart/security
card, wireless, computer, nanotechnology and government markets.
www.cymbet.com
Harlan Jacobs
is the founder and president of Genesis Business Centers, Ltd., a
diversified high tech, for-profit incubator program. Mr.
Jacobs
is a seasoned CFO with over 20 years experience as a corporate controller
and treasurer prior to becoming involved in the fields of incubation and
early stage venture (seed) capital. He was the CFO for FilmTec Corporation,
a successful Minnesota high tech start-up company with a unique reverse
osmosis membrane technology. Formed in 1977 with only $100,000 of founders
capital, the company went public in 1979.
In 1985, with sales
of $10 million and net income of $1.5 million, FilmTec was sold to Dow
Chemical for $75 million in cash! Mr.
Jacobs
was actively involved in the acquisition negotiations. Over the years
he became interested in other early-stage, high tech companies like FilmTec.
Most of the companies in which he invested were having great difficulty
raising the first $250,000 of capital. Paying the rent and having adequate
business advisory services available early-on were common laments among the
management teams he interviewed for his prospective investments. A
business opportunity seemed obvious. In 1993 he founded one of the most
progressive high-tech business incubator programs in Minnesota, if not in
the U.S., by offering to barter rent and "Acting CFO" services for a
negotiated equity position in its incubatee companies. This bartering
program has become a cornerstone of the Genesis Incubator program.
Successful graduates of the Genesis Incubator program include SurVivaLink, a
manufacturer of portable battery operated defibrillators that was acquired
by Cardiac Sciences (stock symbol: DFIB), NT International, a specialty
sensor manufacturer that was acquired by Entegris (stock symbol: ENTG), and
Excorp Medical, a bioartificial liver company whose system recently received
FDA "orphan drug" designation, a significant approval step.
www.genesiscenters.com
Minnesota
Investment Network provides equity financing and business
expertise to help grow companies located in Minnesota. Minnesota Investment
Network manages a $15 million equity fund and establishes angel funds a.k.a.
RAIN® funds. We fill the void for equity capital that
exists outside the metropolitan area of Minneapolis and St. Paul. We are the
only equity fund that focuses on rural business opportunities statewide.
Investments must be capable of providing returns to investors and creating
quality jobs. What is a RAIN® fund?
Minnesota Investment Network builds local capacity to make equity
investments a reality by organizing RAIN funds in communities
throughout Minnesota. RAIN funds are a series of formal investment
funds that pool the intellectual and financial resources of accredited
individuals and institutional investors. They provide seed and growth equity
capital for emerging companies in their communities. RAIN funds are
structured as limited liability companies (LLC) and function like mini-quasi
venture funds. A RAIN fund must be capitalized at a minimum of
$500,000. Minnesota Investment Network participates as a member in each
fund by matching 10% of the capital raised locally, up to $100,000 per fund.
www.minncorp.org
Ennovato
is a startup venture dedicated to designing, manufacturing,
and selling flat panels for use in flat panel displays. Using a new
manufacturing technology to manufacture flat panels, Ennovato hopes to (i)
reduce variable manufacturing costs by 40%~60%, and (ii) realize a 90%
reduction in capital expenditure. In a fragmented industry projected to be
$48.3 Billion dollars in 2006 these two advantages will help Ennovato
compete against entrenched competitors. Ennovato has attracted well
respected and knowledgeable individuals to serve in its advisory board.
www.ennovato.com
|