The Missouri Innovation Center (MIC) is proud to be awarded one of six Missouri Technology Corporation (MTC) Physical Infrastructure Grants. MIC, in collaboration with the University of Missouri, manages and operates the MU Life Science Business Incubator. As Central Missouri’s only provider of wet labs and full-cycle, life science commercialization services available to high-growth ventures, this grant is a great win for our entrepreneurs from the community, the University of Missouri, and anyone from afar wanting to take advantage of the outstanding resources available at MIC. Funds from the grant will help us operate, maintain, and improve the 33,000 sq. ft. life science business incubator. MTC grant support is critical in helping us offer below-market rates while delivering exceptional tech commercialization and incubation services. Read more about the MTC grant and recipients at the following link: MTC Announces Physical Infrastructure Grant Recipients – Missouri Technology Corporation
Mediacom Business quenches the thirst of tech startups at the Missouri Innovation Center with a dedicated Gigabit fiber connection.
Bill Turpin, President and CEO of the MIC, said there are minimums for his facility to be a player in the high-tech startup business. “It’s critical for next generation companies to have uninhibited access to the Internet along with reliability, and Mediacom Business has provided the broadband infrastructure that has allowed us to be a player in this space.”
To read the full press release, click here.
One of the biggest challenges facing our local healthcare providers is that small, suburban and rural hospitals, including those in Columbia, have great difficulty sourcing and procuring customized drugs as big pharmaceutical companies focus primarily on large, urban markets. Apollo Care founder James Krogman, along with Jarred Dudding, recognized this problem and are addressing it by launching Apollo Care to provide Missouri hospitals with solutions tailored for their needs. This attention to the needs of customers in smaller markets is one of the things that sets Apollo Care apart from the competition.
Hospitals, eldercare facilities and other customers will definitely enjoy a great deal of benefits when starting a partnership with Apollo Care. The company will be their dedicated, local supplier for identifying and customizing medications including those that might not be commercially available, providing on-demand ordering and flexible door-to-door delivery. With the support from Apollo, the workloads of in-hospital production will be significantly lessened and in return, hospitals will have more resources to invest in patient-care directed activities. Additionally, Apollo also offers the patient-specific compounding, which can be made exclusively for one patient on a one-time basis. This service is filling unmet needs of mid-Missouri healthcare centers, surgery centers and long-term care facilities for drug customizations at patient levels.
What makes Apollo Care unique is not only the niche market they are currently targeting, but the level of commitment and investment they have made in product testing and high-tech compounding infrastructure that enables them to also produce standardized drugs. Along those lines, Apollo engaged a third-party quality assurance agency in their product testing process to ensure that their products are, at a minimum, in compliance with FDA regulations or exceed industry standards such as USP 797. The company’s commitment is to provide a reliable, local delivery while still being able to achieve the highest of patient safety.
The Missouri Innovation Center accepted Apollo Care as a client in September, 2015 and the company became a resident member in January, 2016. After just nine short months, the company graduated and now has two facilities. Apollo Care currently has approximately 4,500 ft² at one location, which includes a 1500 ft² cleanroom/lab. The second location is approximately 750 ft² featuring a 400 ft² cleanroom/lab. The company initially expects to supply four to six products (IV antibiotics, analgesics and oncology medications) growing to provide more than a dozen different types of drugs in the upcoming years. Further in the future, Apollo Care will expand their business to include veterinary applications.
Post written by MBA candidate Yen Le while on assignment to MIC.
As of today, you can download the StoryUP VR application from the Apple Store or Google Play Store (in addition to the Oculus GearVR store), a major step for the growth of the virtual reality start-up that began its journey at the Missouri Innovation Center. Sarah Hill, StoryUP’s founder and CEO, describes the company as a positive media platform that utilizes virtual reality technology to immerse users in stories and experiences that have a positive influence on the user and society. StoryUP, is currently focused on utilizing the platform to relieve baseline symptoms of anxiety in hospitals, Veterans homes, and chemotherapy clinics.
StoryUP’s most recent VR film, See Beyond Labels, commissioned by Facebook, premiered at the Oculus House during this year’s Sundance Film Festival. Are You Listening, supported by Empowered by Light and the Leonardo DiCaprio Foundation, premiered a month earlier at the Dubai Film Festival. The company has also succeeded in securing clients including Google, Facebook, and Humana for their immersive media experiences. The StoryUP crew recently returned from Haiti, where they captured the impact of the Haitian Earthquakes on children who lost their music school and instruments. This spatial audio VR film, in association with London’s Aurelia Soundworks, will be released later this year on all VR platforms.
In November of 2016, one of StoryUP’s many philanthropic projects, Honor Everywhere, made national news. This virtual reality experience, supported by Jaunt and Central Missouri Honor Flight, aims to give veterans who are unable to travel an opportunity to experience memorials built in their honor. Since the CBS news story, the response has been overwhelming. In response, StoryUP is teaming up with National Honor Flight to ensure that the hundreds of requests pouring in from the family and friends of WWII, Korea, and Vietnam Veterans do not go unheard.
Whether it be through positive media stories, full-length VR films, virtual memorials, or immersive therapy, StoryUP is making an impact on the emerging virtual reality market – one that Missouri Innovation Center is proud to be a part of.
Post written by MBA candidate Sean Miller while on assignment to MIC.
Mediacom Business, a division of Mediacom Communications Corporation, today announced an agreement to provide a dedicated fiber connection with Gigabit internet speeds to the Missouri Innovation Center. The agreement with the MIC is due in part to a company-wide initiative called Project Open Road, a significant capital expenditure to proactively connect more businesses to their network and provide the level of broadband capacity that is critical for commercial and research facilities like the MIC. Mediacom Business’ Gigabit+ Fiber SolutionsTM will provide the 1-Gig internet speeds to power next-level technology like precision agriculture, live augmented reality and other cloud-based services.
You can view the press release here.
The Missouri Innovation Center has completed the second investment round of investments from the MIC Accelerator Fund. The investment committee approved funding of five additional companies. At this point, 10 investments have been approved since the MIC Accelerator Fund was formed in July 2016.
The most recently selected companies include:
- Lifeblood by Adam Weber and Philip Rawson – Lifeblood is a software development firm that builds a suite of business tools that apply well-known gaming principles to business processes.
- StaffedUp by Billy Giordano – StaffeUp is a web-based staffing solution for the hospitality industry, focusing on application tracking, management and networking.
- Ulytic by Billy Martin – Ulytic uses proprietary computer vision software to turn ordinary traffic cameras into sophisticated traffic sensors.
- Maply by Jeff Orr and other students from the Journalism School – Maply is a location-based platform for sharing and viewing nearby events. It makes it easy to create interactive maps for large events such as festivals and conferences.
- PlusOne by Josh Kaplan – PlusOne is an event based dating app with the goal of promoting actual dates.
All of the new companies focus in digital technologies, internet services, data analytics and software. All of them have their roots in Mid-Missouri.
More information on the MIC Accelerator Fund and the online application can be found here.
Clients of the Missouri Innovation Center are eligible for a valuable package of training and credits from Amazon Web Services. Amazon markets AWS as a service to provide large computing capacity quicker and cheaper than a client company building an actual physical server farm. Some of the world’s hottest startups, including Airbnb, Slack, and Robinhood, have leveraged the power of AWS to quickly scale.
MIC has become part of the AWS Activate program available to select accelerators, incubators, and VC funds. Clients who receive funding from the MIC Accelerator Fund can receive the AWS Activate Portfolio Plus Package. This package includes up to $15,000 in AWS Promotional Credit for 2 years or $100,000 for 1 year. All other clients can receive the AWS Activate Portfolio Package which includes up to $5,000 in AWS Promotional Credit for up to 1 year. Both packages also include AWS Business Support, web-based training, and self-paced labs.
The Missouri Innovation Center recently hired David Frahm as an Entrepreneur In Residence (EIR). Based on David’s experience as a lead developer at numerous startups, he has real-world experiences to share with entrepreneurs as they are developing their product or service. As an EIR, David’s role is to provide coaching to clients on tech development issues including product architecture, development tools and methodologies, and project staffing. He can also provide advice on market fit and new product introduction. David will also organize and attend ecosystem events that touch on development including networking events for developers in Mid-Missouri.
Missouri Innovation Center (MIC) is branching out from life science startups to create the Mid-MO Tech Accelerator. The associated $2+ Million “MIC Accelerator Fund” will support new companies with an initial investment of $25,000 – $50,000 focusing on innovations in digital technologies, internet services, and software.
The first generation of startups to receive an investment was announced at a media event at MIC on Oct. 12, 2016. The initial four startups have Missouri roots and have been developing innovative tech products for widespread commercial use. These companies include:
- NVision Ag by Peter Scharf – This software is a precision agriculture product that helps farmers make data-driven decisions about fertilizer applications.
- Recordly by a team of MU journalism and engineering students − This iOS app provides annotated transcripts of interviews for journalists.
- EloScout by Connor Hall – This collegiate eSports recruiting service helps build varsity competitive gaming programs at universities.
- AdSwapper by Amos Angelovici − This personalized advertisement firewall enables users to control their ad viewing experience and earn money by doing so.
MIC has a proven track record of incubating successful life science startups. Bill Turpin, CEO of MIC, is using his background as a serial entrepreneur and angel investor in Silicon Valley, to continue this success in Missouri.
More information and a link to the on-line application is at: Mid-MO Tech Accelerator.
Entrepreneur.com recently included Columbia, Missouri on their list of “15 Best U.S. Cities for Entrepreneurs to Live and Launch”. The entry for Columbia notes that Columbia is “one of the best college towns” and is “great for entrepreneurs, with an ecosystem that connects entrepreneurs and investors.” The listing links to the MIC website which has a new “ecosystem map” for Mid Missouri. Other cities in the list included Austin, Boulder, and Orlando.