ITEN monthly newsletter Dec. 2013 version.

1. 12/20/13
ITEN Monthly Newsletter- December 2013
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ITEN: Catalyst for Tech Startups
Happy Holidays
December 2013
In This Issue
Happy Holidays
Sign Up For Startup Digest
Washing U Students Available for Free Consulting to Startups
Yale Summer Interns
Featured Company of the Month: DIMS
Featured Job Opening
2014 InvestMidWest Application Deadline Approaching
Happy Holidays!
The staff at ITEN want to wish you all the best as the year winds down and you
spend time with family and friends. However, before you drink too much egg nog
and eat too many cookies we want to remind you the ITEN January 2nd Thursday
will be January the 9th. The topic will be on all those New Year's resolutions you
made to be better catalysts for the tech startups. Just kidding(kind of). The topic
of the 2nd Thursday will be: ITEN Initiatives for 2014.
While we feel that 2013 was a stellar year in the St. Louis start up community we
know that 2014 will be even more exciting and productive.
Cheers!
e
StartupDigest
The personalized insider newsletter for all
things startup in our area.
Subscribe to the FREE weekly St. Louis edition of
Startup Digest, providing a menu of the best events
for tech startups in our town. With the ever­growing
array of startup activities in St. Louis, it's hard to
know which to attend. Startup Digest can help. We
curate the events and point you to the best ones for
the week ahead.
Featured Company: DIMS
St. Louis, MO: (DIMS) Dead Inventory Management System's first online
marketplace, Manufacturers' Inventory, is proud to announce they have reached
their 30th Seller on the site. DIMS was founded in 2011 with the same concept
of reselling idle electrical component level inventory online with a proprietary
handheld scanner. 2013 has proven to be a big year of changes for this
company. Starting off the year with a new partnership group, the company
began developing its cloud­based system of generating product descriptions at a
rate of 5,000 parts per hour. They were able to build out the Manufacturers'
Inventory (MI) marketplace with the seed funding granted through the Capital
Innovators program. They have grown their customer base, hired their first set
of employees, and had their first sales with the new marketplace. The online
marketplace and its features are fully functional, with over 3,000 products on
the site, valued upwards of $1.8M, with customers ranging from California, to
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Wash U Students Available
for Free Consulting to
Startups

2. 12/20/13
Clifford Holekamp, senior lecturer in entrepreneurship
at Olin Business School
Wash U business students will be performing
management consulting projects for St. Louis early
stage ventures. Possible project ideas could be
market analysis, competitive research,
pricing/revenue model analysis, evaluation/exit
analysis, etc. Any company associated with ITEN,
Arch Grants, T­Rex, or Cultivation Capital is eligible
to apply for student support.
Please submit project nominations directly to Brian
Harting at Harting@WUSTL.EDU by January 3rd.
Project applications can be in simple email format
and should include the name of the company,
ITEN Monthly Newsletter- December 2013
the site, valued upwards of $1.8M, with customers ranging from California, to
Montreal, Canada; consisting of primarily Electrical Distributors, and Original
Equipment Manufacturers.
Their innovative way of dealing with excess inventory has helped them reach an
early agreement with a MRO Supply management company; they manage over
200 plants around the world and will use MI's services to help alleviate some of
the estimated $200M worth of dead inventory from some of their customers.
MI has signed on their first two Manufacturers' Representative organizations,
covering four states, to help bring more customers to the site. As 2013 draws to
a close and the manufacturing industry is tallying their inventory for year­end
reports, they are expecting many more sellers to join the site at the start of the
year.
Beginning in early 2014, DIMS will replicate the MI model to launch their second
online marketplace to serve the commercial lighting industry. They have
already signed on multiple companies to use the site, who have excess
inventory valued at over $1.2M. The marketplace will consist primarily of
commercial fixtures, ballasts, and other various components.
DIMS continues to develop new technological advances and features to add to
their marketplaces, including integration with Enterprise Resource Planning
(ERP) systems to allow for real time updates of quantities and automatic order
entry. DIMS is currently raising funding and always looking for resources and
interested parties help.
About Dead Inventory Management System: they are a start­up company based
out of St. Louis, MO. They have developed technology to quickly list, market,
and sell large quantities of inventory online. Their first marketplace,
Manufacturers' Inventory is targeted to the industrial manufacturing industry.
www.deadinventorymanagement.com or www.manufacturersinventory.com
Featured Job Opening
contact person and contact information, a one
sentence description of the business, and a one to
three sentence description of the proposed project.
The students will be asked rank their preferred
projects and the selected companies will be notified
in mid­January. Projects will be completed by the
students by April 11.
Yale Summer Internships:
Bulldogs by the Big Muddy
Bulldogs by the Big Muddy sponsored by The Yale
Club of St. Louis, is bringing Yale summer interns to
St. Louis.
Internships:
­ are offered during Summer break, and typically
last 8­10 weeks
­may be full or part time
­should allow for a current employee to serve as a
professional mentor while supervising the intern
­should provide payment if the organization's
industry is anything other than non­ profit or
government
­have clear learning objectives for students to
pinpoint personal goals and positional expectations
GoodMap is seeking a part­time Data Specialist with data management
experience. Please review the details of this position and share with colleagues
and friends who might be interested in this position. As well, please review
other current openings at https://www.itenstl.org/latestjobs/job­list
2014 InvestMidWest: Final Application
Deadline Approaching
The 2014 InvestMidwest is scheduled for March 26­27 in St. Louis.
InvestMidwest provides an opportunity for high growth companies from
throughout the Midwest to present to an audience of over three hundred
attendees including 60 ­70 venture capital investors. The conference includes
three presentation tracks: life sciences, technology and food/ag/bioenergy.
If you are interested in it, please follow the
The main criteria for a company to be considered are:
instruction below to create your job posting:
­­Project $20M in revenue within five years (varies with industry)
­­Seeking funding from $1M to $20M
­Log in at https://csm­yale.symplicity.com
­­Located within the broader Midwest
­If you have not previously used the system, select
The final application deadline is January 10. To apply to present at the 2014
"Register" on the home page
InvestMidwest click here .
­Once your registration is approved by our office,
For more information visit www.investmidwestforum.com .
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3. 12/20/13
­Once your registration is approved by our office,
you will be able to post jobs & internships directly to
the system
­Upon logging in, go to 'Create Job Posting', found
under the 'Job Postings' header on the bottom right
of your homepage
ITEN Monthly Newsletter- December 2013
For more information visit www.investmidwestforum.com .
­Make certain to select the position type "UCS
Sponsored Domestic Internship Program" in order
for your position to be properly posted
­Follow the prompted instructions and please be
thorough when submitting information for the
position
­Contact Ted Fouke at edward_fouke@me.com with
any questions you might have regarding this process
Get involved
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4. 12/20/13
ITEN Monthly Newsletter- December 2013
Questions? Email Jing Stiffler at jstiffler@itenstl.org or visit www.itenstl.org
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