Dynamic Duo: Edwin the Duck Creators Named 2016 Dynamic Leaders of the Year

If it looks like a duck, walks like a duck … it’s likely a duck – as the idiom conveys. However, if it syncs with mobile apps, teaches life lessons and takes the Internet of Things to a whole new level, it might be better described as a groundbreaking, transformational gadget the likes of which the children’s toy industry has never seen.

That was the hope when Don Inmon and Matt MacBeth, two innovators with minds for engineering and a collective desire to navigate the turbulent skies of the tech spectrum, developed pi lab and its flagship product – Edwin the Duck.

Edwin is a rubber duck that includes a Bluetooth speaker, a thermometer that gauges bath water, a night light that works in tandem with apps and much more, allowing children to follow along with interactive stories, play games and enjoy sing-alongs.

Tens of thousands of units have been sold (via online and brick and mortar stores like Amazon, Apple Store, Best Buy, Target and Toys ‘R Us) and are already in the hands of children around the globe.

Read the full story in BizVoice.

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Engage Indiana: Event Shines Light on Using Business for Good

logo-400Our BizVoice magazine has highlighted corporate social responsibility throughout 2016. Here are some of those articles to date:

Prominent speakers will also be on hand Nov. 18 in Indianapolis at the Engage Indiana event to discuss the benefits of effective community engagement and advocacy strategy on the bottom line. Find out more information and register online.

U.S. Senate: Young, Bayh Speak Out in BizVoice

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BizVoice talked to both men separately this summer, asking them the same questions on policies critical to Indiana Chamber member companies and the business community at-large. (NOTE: The Indiana Chamber’s Congressional Affairs Committee has endorsed Rep. Todd Young in this race.) 

BV: What is your view on the federal tax code … are there areas you feel need attention? If so, what reforms do you see as the most important?

YOUNG: “We need to simplify the tax code. Washington needs to stop picking winners and losers through the tax code. We need to stop the double taxation of overseas income so that hundreds of billions of dollars of U.S. profit can be repatriated and invested in places like Indiana to create jobs and raise wages.

“We need to lower the corporate tax rate; we have the highest rate in the industrialized world – that clearly undermines our competitiveness and has even been causing our major corporations, with all their jobs, to relocate their operations overseas. And we need to lower the individual tax rate so that families and small businesses can participate actively in the economy.”

BAYH: “We need a tax code that is certainly simpler; it costs way too much to comply with it; it’s way too complicated. One of the areas I think we can get some bipartisan agreement on would be in the area of corporate tax reform – to get the tax rate down to make us globally competitive. Currently we have one of the highest corporate tax rates in the world, which leads to a couple of negative consequences. Number one: A lot of businesses that are globally competitive have stranded profits abroad. I think it’s in excess of a trillion dollars. So by making the corporate rate globally competitive, we would allow them to bring those profits home to invest in their U.S. operations.

“Number two: The fact that our tax code is not globally competitive creates an incentive for foreign companies to buy U.S. companies basically as a tax arbitrage (profiting from differences in how income or capital gains are taxed); it also leads to U.S. companies to re-domicile themselves overseas. By getting the tax rate down and making it globally competitive, you do away with that phenomenon.”

Read the full Q&A online.

Tech Thursday: Parker’s Pointers

EDITOR’S NOTE: BizVoice® has featured technology/innovation stories throughout its 18-year history. Look for these flashbacks each Thursday. Here is a 2014 favorite.

Kent Parker’s story is not unique. He grew up in Indiana (a sixth-generation Hoosier in Gibson County), attended school here (the University of Evansville with a 1983 degree in mechanical engineering) and began his working life (three years with United Technologies Corporation) in Indianapolis. Parker returned (with a home in New Harmony and numerous business and civic involvements) years later after a highly successful career that included key roles at Caribou Coffee in Minneapolis and Ariba (a software and information technology firm) in Sunnyvale, California.

The entrepreneur and investor admits, “I never once considered after I left Indiana in 1985 that I would come back here to try and make a living. It just never crossed my mind.” But Parker is back now.

BizVoice: You mentioned that people are the most important factor for growing successful businesses. Does Indiana have enough people – entrepreneurs, members of the workforce?

Kent Parker: “I think there are. Entrepreneurism is locally driven. It requires an entrepreneurial community; within that community, there are layers of people and their roles. When we started Caribou Coffee, the managers and employees we hired – not classic entrepreneurs, but people with skills who were interested in this new kind of activity, new kind of company and the excitement around that.

“What makes an entrepreneurial venture successful is the ability to attract the people who are motivated to have the kind of career experience that truly is much different than working in a larger company or long-established company. You need this entire ecosystem.”

Read the full story online.

And learn more about the Indiana Chamber’s new Technology & Innovation Council. Want to participate? Contact Mark Lawrance at mlawrance(at)indianachamber.com.

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Gubernatorial Race: John Gregg, Eric Holcomb Offer Policy Insights in BizVoice

The 2016 election season has been like no other – nationally and in Indiana. In the September/October issue, the Indiana Chamber’s BizVoice® magazine talks with some of the leading candidates as the road to November winds toward a close.
Gubernatorial race: John Gregg, Eric Holcomb offer policy insights:

greggBV: What areas might we be in disagreement?

Gregg: “I don’t think there are those issues that exist. That’s why I referred to the old fights. Let’s throw those elephants on the table. Right to work would have been one in the past, but that is the past. That’s not going to change. You know the makeup of the Legislature. I think you’ll find we share a lot of common goals together.

“We may disagree from time to time on how to get there, but the truth of the matter is that in our administration we’re going to be dealing with an overwhelming Republican Legislature. Having a check and balance – right now there is not one – is good.”

Read the full story online.


holcombBV: Why is Indiana having such success attracting tech companies?

Holcomb: “I would say don’t just ask me, but the CEOs that are making the decisions that are creating not just the hundreds, but the thousands of new high-tech jobs coming to Indiana – not Austin, Texas; not Boston, Massachusetts; not San Francisco, California; not Chicago. They’re choosing to locate in Indiana, a state that has traditionally been known as a manufacturing state, because of those low tax rates, the reasonable
regulatory environment. We have the great communities that are offering hungry, world-class university graduates a good opportunity and a good job.

“(Our momentum will increase) if we continue to get the basics right and don’t make promises we can’t keep, start writing checks we can’t cash, start raiding the kitty – if we stick to the successful practices that we’ve experienced over the last 12 years and we offer good government service that operates at the speed of business.”

Read the full story online.

TECH THURSDAY: Words of Advice from Business Founders

36886821EDITOR’S NOTE: BizVoice® has featured technology/innovation stories throughout its 18-year history. Look for these flashbacks each Thursday. Here is a 2013 favorite.

Lee Lewellen has concentrated on economic and business growth throughout a 30-year Central Indiana business career. Recently, that focus honed in on entrepreneurs – how they have grown their businesses and what they have learned along the way.

In a series of one-hour iFounders’ interviews, Lewellen tapped into the mindsets of 26 Indiana business leaders. They range from “veterans” such as Bill Mays (Mays Chemical) and Jeff Smulyan (Emmis Communications) to “newcomers” throughout the state, including Ryan Hou of LHP Software (Columbus) and Pete Bitar of XADS (Anderson).

“I was just incredibly humbled that these people who are very successful would spend an hour of their time talking about this,” Lewellen states. It was also a reminder of “how much really cool stuff is taking place in the state of Indiana, both in terms of the innovation and some of the connections these folks have all over the word in selling Indiana products, services and technologies. We kind of take it for granted.”

Lewellen points to Greenville-based Techshot, long known for its work with NASA and more recent diversification into different areas. “It’s out in the middle of nowhere doing some really incredible stuff. They’re there because Mark Deuser wanted to be close to where he grew up. You get a different geographic view of where people are doing these great things. It’s all about networks and mentoring.”

Read the full story online.

And learn more about the Indiana Chamber’s new Technology & Innovation Council. Our first meeting was in August, and was well-attended. Want to participate? Contact Mark Lawrance at mlawrance(at)indianachamber.com.

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TECH THURSDAY: Innovation ‘Critical Part’ of Kosciusko Brand

k countyEDITOR’S NOTE: BizVoice® has featured technology/innovation stories throughout its 18-year history. Look for these flashbacks each Thursday. Here is a 2015 favorite.

George Robertson wanted to know the answer to a pretty significant question: “Why is a small city in Northern Indiana (Warsaw) the Orthopedic Capital of the World?”

When Robertson came on board five years ago as the first fulltime executive director of the Kosciusko Economic Development Corporation (KEDCo), he began researching but didn’t have to look far to determine the answer.

“You see it in the stories of the companies, DePuy Synthes, Zimmer Biomet and Dane Miller (founder of Biomet). You see a trend of innovation and entrepreneurship. … Why is one of the largest automated material handling companies – CTB Inc. – in Milford? It’s entrepreneurship and innovation. And it just struck me that that was a critical part of our brand,” he emphasizes.

Read the full story online.

And learn more about the Indiana Chamber’s new Technology & Innovation Council. Our first meeting was earlier this month, and was well-attended. Want to participate? Contact Mark Lawrance at mlawrance(at)indianachamber.com.

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TECH THURSDAY: Scott Dorsey: Business Leader of the Year

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EDITOR’S NOTE: BizVoice® has featured technology/innovation stories throughout its 18-year history. Look for these flashbacks each Thursday. Here is a 2012 favorite.

Speaking with those who’ve risen with the tide of Indianapolis-based e-mail/digital marketing juggernaut ExactTarget, a unique picture is painted of CEO Scott Dorsey’s leadership style.

“One of the things I’ve always found so impressive is that he’s an atypical CEO,” asserts director of product management Joanna Milliken, who holds the distinction of being the company’s first official hire in 2001. “When you think of these hotshot CEOs who are very verbose or demanding, (he’s different because) he’s unassuming and has an amazing balance.

“He’s an incredible risk taker, but he’s not rash. He’s compassionate, but he’s not emotional. He can be both very strategic and knows when to jump in and when to be tactical. That’s a combination you don’t often find.”

Dorsey remembers the company’s humble beginnings, striving to emerge at a precarious time for Internet businesses.

“The Internet bubble had burst; money was not flowing into Internet companies,” he conveys. “We were three entrepreneurs with no software experience. The capital-raising process was really difficult. We went down the friends and family route. It was great, but a little unconventional.”

He adds that building software products with no technical background was a challenge, and the trio was fortunate to find strong developers to help with the early generations of the product.

“We really bootstrapped the company; it was thinly capitalized,” Dorsey offers. “Three of us worked without salaries for nearly the first year we were in business. We were incredibly frugal and watched every dollar very carefully. We didn’t have much to work with. That was a good thing though, because we had to be very sales driven, and built a small product – small enough that we could start to sell it and deliver value in many ways.”

Read the full story online.

Learn more about the Indiana Chamber’s new Technology & Innovation Council. Want to participate? Contact Mark Lawrance at mlawrance(at)indianachamber.com.

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TECH THURSDAY: Mickey’s Mantra

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EDITOR’S NOTE: BizVoice® has featured technology/innovation stories throughout its 18-year history. Look for these flashbacks each Thursday. Here is a 2011 favorite.

Michael S. “Mickey” Maurer says a common piece of advice for entrepreneurs is “find something you do well, you like, and do that forever.”

But all entrepreneurs do not fit into a nice, neat, one-size-fits-all package. The definition of the term, after all, typically includes the words “initiative” and “risk.”

Maurer follows his initial comment with this self-description. “I just don’t seem to follow that good advice. I have a short attention span, a big curiosity and I like to do things I’ve never done before. What I try to do is find something I’ve never done, do that and learn all I can, and then move on and do something else I’ve never done. And that makes every deal fascinating … and it makes every deal fraught with risks if you’re doing everything for the first time.”

Maurer’s business career has included cable television, racquetball facilities, film production, radio broadcasting, newspaper publishing, banking and much more. He served in the early days of the Daniels administration, making deals for the state as leader of the Indiana Economic Development Corporation.

In one 30-minute conversation, Maurer offers these recollections and pieces of advice.

Read the full story online.

And learn more about the Indiana Chamber’s new Technology & Innovation Council. Want to participate? Contact Mark Lawrance at mlawrance(at)indianachamber.com.

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