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Archive for November, 2009

Economists group says job growth is on the way

Wednesday, November 25th, 2009

WASHINGTON, DC – The National Association for Business Economists forecast panel says the recovery will not be jobless for long.

The NABE says the so-called “Great Recession” is over.

It’s most recent report says the housing recovery is expected to lag growth in the overall economy, but it will be uninterrupted and gain momentum.

“While the recovery has been jobless so far, that should soon change,” said NABE president Lynn Reaser, chief economist at Point Loma Nazarene University. “Within the next few months, companies should be adding instead of cutting jobs.”

Online: www.nabe.com

3-day NC forum will look at heathcare innovation & personalized medicine

Wednesday, November 25th, 2009

WINSTON-SALEM, NC – The Translational Regenerative Medicine Foundation will hold a 3-day forum in April on “Drivers & Strategies for Healthcare Innovation and Personalized Medicine.

More than 40 speakers and panelists are booked for the event.

The Foundation was foudned in 2005 by Dr. Anthony Atala, of Wake Forest University’s Institute for Regenerative Medicine.

Atala and the Institute are pioneeering in the field of regenerative medicine, which uses tissue engineering and stem cells to replace human organs.

For more information on the conference see: www.regenerativemedicinefoundation.org

SC-based 3D Systems acquires AdvaTech

Wednesday, November 25th, 2009

ROCK HILL, SC – 3D Systems, (Nasdaq:TDSC), a company that makes 3D prototypes and working parts for a variety of industries, has acquired the assets of AdvaTech Manufacturing.

Financial details of the deal were not disclosed.

Indiana-based AdvaTEch sells prototyping and manufacturing services to the aerospace and defense sectors.

SEBIO names BIO/PLAN finalists

Wednesday, November 25th, 2009

Southeast BIO (SEBIO), a regional nonprofit organization has named four finalists in its third annual BIO/Plan Competition.

The final four competitors are: EpiEP (University of Virginia); NeuroScience Pharmaceuticals (Duke University); Restorative Physiology Group (Medical University of South Carolina); and Compliant Therapeutics (Vanderbilt University).

The BIO/Plan Competition is a year-long program developed to promote the creation of new, fundable life science companies based in the Southeast.

Working closely with technology transfer offices and entrepreneurs throughout the region, the competition brings forward opportunities from leading Southeastern research universities and research centers. The BIO/Plan Competition received over fifty applications earlier this year.

The applicant pool included applications from Alabama, Arkansas, Florida, Georgia, North Carolina, South Carolina, Tennessee, and Virginia.

“BIO/Plan is helping create a more fertile environment for life sciences venture investment in the Southeast by pulling forward technologies to build the pipeline and encouraging entrepreneurialism,” said Aaron Davidson, Managing Director, H.I.G. Ventures.

“The program is of the highest value to each of its participants, regardless of the competition results.”

The final four competitors were selected from nine semifinalists who completed a rigorous mentoring process to develop an executable business strategy and associated written plan.

The mentoring teams included three or four experienced professionals from active venture funds or angel groups, biotech entrepreneurs and managers, and service providers with relevant start-up expertise.

Each mentoring team worked together for six months. The resulting business plans were judged by a panel of experts who selected the four finalists.

“This year’s BIO/Plan Competition has been incredibly successful and we thank all of the mentors for their time and effort to develop these plans,” said Garheng Kong, Chairman of SEBIO.

“Again this year, it has been very obvious that the selected semifinalists took advantage of the skills and expertise of their assigned mentors and, over the past six months, they jointly produced commercialization strategies that are well conceived and genuinely executable,” added Frank Hunt, BIO/Plan Competition Co-Chair.

“The end products of their efforts were business plans that should go a long way towards securing the funding they need to launch their new enterprise and a significant level of exposure to the venture community.”

The finalists will present at the Eleventh Annual SEBIO Investor Forum, December 3-4, 2009 at the Charleston Place Hotel in Charleston, South Carolina.

They will present to the full conference audience, which includes approximately 400 industry leaders from across the region, and investors from the Southeast and around the world.

One BIO/Plan Competition winner will be announced and recognized in a special ceremony at the Forum.

The winner will be awarded a substantial prize valued at $100,000.00 in cash and services with which to implement its winning plan.

Inmarsat acquiring Virginia-based Segovia for $110M

Wednesday, November 25th, 2009

HERNDON, VA – Inmarsat, a UK-based satellite communications services company, is acquiring Herndon, VA-based Segovia, which sell Internet services that allow the U.S. military to deploy secure networks rapidly.

The deal could result in more money for Segovia, depending on its performance over the next three years.

Inmarsat says the deal will bolster its ties to key government clients.

Online: www.seqoviaip.com; www.inmarsat.com

Keating Capital will lead pre-public financing round for Atlanta’s Industrialplex

Wednesday, November 25th, 2009

ATLANTA – Keating Capital, Inc. has entered into a letter of intent to serve as lead investor in a pre-public round of financing to Industriaplex, Inc., an Alpharetta, Georgia provider of outsourced supply chain management solutions to small and medium enterprises. The terms of the prospective transaction have not been disclosed.

The completion of the proposed transaction is subject to certain customary conditions, including but not limited to, the completion of satisfactory due diligence, the negotiation and execution of a definitive agreement, and consummation of the financing.

Founded in 1999 by former GE executives, Industriaplex is a global sourcing, supply chain management and branded products company that is growing rapidly as US companies move to reduce product and supply chain costs.

Industriaplex supplies commercial products such as material handling, retail fixtures, foodservice systems in addition to consumer products such as consumables, building materials, plumbing fixtures, specialty vehicles and accessories for vehicles.

Online: www.Industriaplex.com

For the holidays: gadgets & gizmos for under $100

Wednesday, November 25th, 2009

By JESSICA MINTZ
AP Technology Writer

No one’s going to blame you for keeping holiday gifts minimal this year. But if you want to round out your handmade cards, scarves, pickles and jam with a gadget or gizmo, here are a handful of our $100-and-under favorites.

Wii MotionPlus

Wii MotionPlus accessory for Nintendo Wii ($20, or $50 with a game, available at bestbuy.com and elsewhere)

For many families, “Wii Sports,” the game that’s been bundled with the Nintendo Wii since its 2006 launch, remains a favorite. By letting people swing a controller to play virtual rounds of bowling, golf, tennis, baseball and boxing, it has changed how we play video games and made more of us into gamers.

The Wii MotionPlus is an attachment for the original “Wiimote” controller. The MotionPlus makes the motion-sensing controls more sensitive and precise, so a flick of a wrist can turn your virtual tennis racket and spin your bowling ball. If your gift recipient doesn’t already own “Wii Sports Resort,” it’s worth throwing that in, too _ it adds frisbee-throwing with a dog, water-scooter racing, sword fighting and other new games and comes with one MotionPlus attachment.

Roku SD Netflix Player ($80, roku.com)

If someone you know uses Netflix, he or she needs Roku. In less than five minutes, I had this little black box plugged in to my television, connected to the Wi-Fi in my home and synched to my Netflix queue.

Netflix lets members who pay at least $9 per month stream more than 17,000 movies and TV shows using Roku or a computer, and the list is growing. I still had to use my computer to add new titles to my queue, but it was easy to scroll through them on the TV screen and pick something to watch.

The Roku SD is $20 less than the original model. It would be a good bet for someone like me, who still has an old-school boxy television. By the time I get a flat-screen TV, this kind of feature will come built in. If you’re shopping for someone who already has a house full of high-definition TVs, this isn’t the right Roku. Instead, pick the $100 Roku HD, which can stream high-def video, or the $130 Roku HD-XR, which uses the latest Wi-Fi technology to send that video to farther-away TVs in the house.

WikiReader ($99, thewikireader.com)

This pocketable gadget contains nearly all of the text of Wikipedia, the online community-built encyclopedia, and displays it on a monochrome LCD. It works anywhere, and can be updated through downloads every few months.

Using the WikiReader is faster than searching Wikipedia on a cell phone. Too bad the WikiReader’s on-screen keyboard makes it difficult to type search terms, and scrolling through long entries is slow. Wikipedia’s images and tables are missing. Still, a cool gift for the curious. Comes with two AAA batteries, which Openmoko Inc., the gadget’s maker, says will power the reader for about a year.

Magic Mouse for Macs ($69, store.apple.com)

Apple’s new wireless mouse comes nestled in a clear case like some artifact in an alien museum. It’s flatter than most mice, which is nice for my small hands. It also has no buttons or wheels, just a shiny white surface that clicks and responds to various fingertip gestures.

It took three software updates and reboots to get my iMac and mouse working together. Once that was done, I found it intuitive to use gestures for scrolling and panning: Just drag one finger across the surface of the mouse, in any direction.

I still haven’t mastered the “two-finger swipe,” a side-to-side gesture that can mean “go back” or “go forward” in programs such as Web browsers or digital photo collections. The movement is uncomfortable and the mouse keeps creeping to one side under my fingertips.

This is a good-looking addition to my desktop setup at home, though it isn’t a revolution. Buy it for die-hard Apple fans who love bragging about their latest iGadget.

PC speakers

Avid M-Audio Studiophile AV 30 and LaCie Sound2 computer speakers ($100 for either set, m-audio.com; lacie.com)

Playing music at any significant volume on built-in computer speakers gives me a headache _ the desk seems to vibrate with the tinny racket. I’m no audiophile, but these speaker sets allowed me to enjoy listening to music in my home office again.

The minimalist black-and-white LaCie set looks more at home with my iMac. It’s also capable of drawing power from the computer over a USB connection if an outlet isn’t available. But to my amateur ears, the blockier black M-Audio ones sounded richer.

For the Web connoisseur
“FAIL Nation: A Visual Romp Through the World of Epic Fails” ($12, in bookstores)

The Web-trend connoisseur will recognize the source of this book, 2-year-old failblog.org, as the online pictorial compendium of things going horribly wrong. Even technophobes should be amused by the bloopers and awkward wordings captured in this slim volume, published in October by Harper Paperbacks.

The book reprints more than 100 of the Failblog’s reader-submitted photos. Marvel at signs that say “keep right” while pointing left, or that direct diners to the “drive-thur.” Snort at the ATM that asks you to withdraw multiples of $20 _ to a maximum of $250. And so on.

The blog is run by Pet Holdings Inc., the same folks who brought you LOLcats, the art of writing funny captions for amateur cat photos (see icanhascheezburger.com).

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Tiny tripods ($10-$20)

Bottle Cap Tripod
Spontaneous group photos are better when one person isn’t stuck holding the camera. The Bottle Cap Tripod from Dynomighty Design Inc. ($10, dynomighty.com) has a rubbery base that stuck perfectly on top of a wine bottle and a maple syrup container, although it was wobbly atop a bottle of Perrier.

It’s common for cameras to have a hole on the bottom that screws onto tripods; I attached my point-and-shoot, tilted to get the right angle and set off the timer. Perfect.

Tabletop Tripod
The Manfrotto Modo Pocket ($20, bhphotovideo.com and elsewhere) is tabletop tripod that, when folded flat, is about half the size of a business card in length and width. Unfolded, it has four rubber-coated feet that grip nicely to most surfaces, and in the center, a threaded screw that works with digital cameras up to 17 ounces.

A key drive
LaCie iamaKey USB flash drive ($22-$100, lacie.com)

Most USB drives are ugly and easy to lose. This one caught my eye because it looks like a key, which makes it at home on my key chain (it’s smaller than my car key) and LaCie says the part that sticks into the computer is water- and scratch-resistant. The iamaKey comes in four sizes, from 4 gigabytes to 32 gigabytes, and works on both Macs and Windows PCs.

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AP Technology Writers Barbara Ortutay and Peter Svensson in New York and Associated Press Writer Ron Harris in Atlanta contributed to this report.

RUAGAMER shoots for wider game audience for LAN Centers

Tuesday, November 24th, 2009

By Allan Maruer

CARY, NC – Most local area network (LAN) Centers for gamers are spartan, offering folding tables and chairs with nonexistent decor. “They’re mancaves, really,” says Jeff Torello, CEO and founder of Cary-based RUAGAMER, who wants to increase their appeal to a wider audience, including women. That led him to open what is the largest LAN Center on the East Coast.

A LAN Center provides gamers access to consoles, games, and the Internet, team play and social interaction. “This concept exists in a lot of places,” says Torello. “The concept has been around ten years or so.”

LAN Centers started with college students, usually men, bringing games to an empty corner of a school cafeteria or other space, then moved to small strip mall centers with gamers still bringing their own games.

RUAGAMER opened in May and Torello says, “I think the LAN Center can appeal to a wider audience.” He quotes studies that say 40 percent of women are interested in games, for instance.

Most other LAN centers simply are not the types of places women will be spending money in, he says.

His large space, 5,600 square feet, includes room to expand if business warrants and the economy’s effect on lease prices helped Torello decide to open this year. “In the last year space has been available and lease prices have been good from a tenant point of view,” he says.

So, he set out to create a center amenable to hard core gamers that also appeals to a more general audience. While it has the variety of equipment and games for popular systems suchh as xBox, it also sports good lighting and a lot of space with 55 stations and decent decor.

While not currently looking for investors or planning to franchise, Torello says he does have a plan to open more LAN Centers on the same model.

The whole idea is to make it a space where people like playing together. While game play will be faster than on home networks, it will likely feature the same games that can be played in a living room. “The key is that here you can play with people next to you and interact with your friends.”

He says he likes to compare it to people who have a pool table in their basement. “That never stops them from going to a pool hall with buddies,” he notes. “You do that for the social environment.”

Things are going well. “We’ve been open three weeks and already have about 200 accounts open. Grand opening day drew 300 people and contests are pulling in teams to compete for prizes.

There is one drawback to running RUAGAMER. He likes to play himself and cites Diablo as a favorite game. “But I don’t have much time to play anymore,” he says.

Online: www.ruagamer.net

HHS making $80M available to support health IT workforce

Tuesday, November 24th, 2009

WASHINGTON, DC – Dr. David Blumenthal, HHS’ National Coordinator for Health Information Technology, today announced plans to make available $80 million in grants to help develop and strengthen the health information technology workforce.

The grants that will be made available include $70 million for community college training programs and $10 million to develop educational materials to support these programs.

Both programs will support the immediate need for skilled health information technology (health IT) professionals who will enable the broad adoption and use of health IT throughout the United States.

Authorized by the American Recovery and Reinvestment Act (ARRA), the grants are the first in a series of programs to help strengthen and support the health IT workforce. Additional details regarding the grant programs for these and other key resource and training areas will be announced over the next several weeks.

“Ensuring the adoption of electronic health records (EHRs), information exchange among health care providers and public health authorities, and redesign of workflows within health care settings all depend on having a qualified pool of workers,” Dr. Blumenthal said.

“The expansion of a highly skilled workforce developed through these programs will help health care providers and hospitals implement and maintain EHRs and use them to strengthen delivery of care.”

Any U.S. non-profit institution of higher learning currently engaged in providing training in health IT that is interested in drafting curriculum or establishing a consortium that includes community colleges may apply for the grants. Information about grant applications will be available shortly at http://healthIT.HHS.gov/HITECHgrants.

Clemson Restoration Institute nabs $98M for wind turbines

Tuesday, November 24th, 2009

CHARLESTON, SC – The Clemson University Restoration Institute has received a $45 million grant from the U.S. Department of Energy and $35 million in matching funds to build and run a large wind turbine drive train test facility at the former Naval base in Charleston.

The facility is expected to create hundreds of jobs.

Drive trains use energy from wind turbine blades to run electric generators.

University partner on the facility include: Charleston Naval Complex Redevelopment Authority; the South Carolina Department of Commerce; the State of South Carolina; South Carolina Public Railways; the South Carolina State Ports Authority; and RENK AG, Tony Bakker and James Meadors as private partners.