Lean, Seen, and from Beantown – TiECON East 2013 Women’s Panel April 24, 2013
Posted by TiE Boston- "The Network for Entrepreneurs" in Entrepreneurship, Women.Tags: boston, business, cambridge, CEO, entrepreneur, Entrepreneurs, Entrepreneurship, executives, female leaders, keynotes, leaders, Startup, startups, success, TiE, TiECON East, women, women in business
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What is common across global giants like Lockheed Martin, Guardian Life, Pepsi, IBM, Xerox, Mylan, Yahoo! and Campbell Soup? They all have female CEOs!
Women hold more power than you think. It is estimated that there are 8.1M women-owned businesses in the US generating $1.3T in revenues and employing 7.7M people. Over the last 15 years, start-up activity by women has leaped 54% and American women are opening 550 new businesses a day. Successful startups had more women in senior positions than unsuccessful ones and more than twice as many women in top jobs than their unsuccessful counterparts.
Yet, women account for just over a third of those starting new businesses. Women receive lower equity funding than men, and only 11% of investing partners at VC firms are women. Only 14% of S&P 1500 board seats are filled by women, while of the more than 1,800 directorships currently held by women, nearly 40% joined their respective boards in the last five years. Although there is a big push to drive change and recognize the impact that women managers have on an organization, we have a long way to go.
With Massachusetts electing its first female senator last year, we are proud to discuss the success of women in business as well as consider ways to increase the rate of change for the next generation of women leaders. Clearly we are celebrating the many paths to success for women.
This diverse panel features Anita Brearton (Executive Chairman, FashionPlaytes.com), Janet Kraus (CEO, Circles & Spire), and Zenobia Moochala (Co-founder, Care.com) and is moderated by Jean Hammond (Founder, LearnLaunch). These leading ladies from Boston will discuss ways to ensure that the next generation of women can fully leverage their potential and contribute to the future. Come to our Friday afternoon Women’s Keynote Panel to hear their stories, celebrate their accomplishments, and get empowered on your unique journey!
Harnessing Clean Energy for a Greener Future! April 30, 2010
Posted by TiE Boston- "The Network for Entrepreneurs" in Clean Energy Sources – What is the future?, CleanTech and Energy.Tags: Clean Tech, Entrepreneurship, TiE, TiECON East
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Clean Tech Track @ TiECON East 2010
Renewable or Clean energy has gained significant momentum worldwide with rapid innovation and credible implementations. Efficiencies in energy-storage will have a major impact on energy needs and CO2 emissions. In one of the worst economic crisis, a “Green Economy” approach is underway to address challenges of energy security & resource efficiency. Investments have grown from a mere $22B in 2002 to $190B in 2009 worldwide and anticipated to reach half a trillion by 2020 (Source: United Nations Environment Programme). The United States has witnessed a generous fiscal stimulus package ($180 billion), which has benefited new and existing clean technology firms in addition to spurring venture capital investing in new energy modes.
The call for global environmentally sustainable policies and underlying economic structures continues to be a hot issue. Come play a part in cutting through the maze of information with industry experts on opportunities for the future in renewable energy sources, and innovation in energy storage, and transportation technologies for efficient energy management.
Extract from TiECONEast Mailer – April 15th 2010
In Conversation with P.(Laxmin) Laxminarain – WW President of Codman & Shurtleff (a J&J Company) by Rajit Kamal April 29, 2009
Posted by TiE Boston- "The Network for Entrepreneurs" in Life Sciences & Healthcare.Tags: Entrepreneurship, Medical Devices, TiE, TiECon
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Laxmin is the WW president of Codman & Shurtleff which focuses on the global neurosurgical market. Laxmin has been with J&J for over 20 years and has held positions of increasing responsibility in marketing and general management. He has worked in India, Singapore, South Korea and the United States. He also sits on the DePuy Global Management Board.
Following are his comments on Entrepreneurship, TiE, TiECon and the trends in the Medical Devices industry. Laxmin is a Charter Member of TiE and is the sponsor (through DePuy) of the Medical Devices panel at TiECon East 20009.
These are Laxmin’s personal views and don’t represent the views of DePuy or Johnson & Johnson.
Entrepreneurship:
Entrepreneurship is the engine of growth in any economy. Entrepreneurship thrives on innovation, risk taking and the passion of people who dream big and refuse to accept “No” as an answer. You don’t have to work in a start up to be an entrepreneur. Entrepreneurship is more of a mindset. People with entrepreneurial spirit exist at all levels in big and small companies and play an important role in their organizations.
J&J is structured in a unique way. It is a big company but has de-centralized operating companies within it which keeps the entrepreneurial culture alive. Each of the DePuy companies, DePuy Orthopedics, DePuy Spine, Codman and Mitek have entrepreneurial beginnings and strive to maintain a customer insight focused management style.
Startup companies play a critical role in bringing life saving innovation in the Medical Devices industry. Big devices players such as J&J are constantly looking at technology coming out of small companies and aspire to working with them to bring these technologies to market.
TiE
TiE is an enabler of entrepreneurship. Creating an environment conducive for entrepreneurship is in a way paving the path for innovation and economic growth, two essential elements of any 21st century economy.
TiE brings together aspiring entrepreneurs with Venture Capitalists and creates an environment where they work together to create successful companies. TiE’s activities range from panel discussions and speaker events to entrepreneurship workshops, which are very informative on trends in different industries and what it takes to be an entrepreneur.
TiE mentoring program is a great opportunity for a budding entrepreneur to work with an experienced professional and hone his/her business skills.
The TiE membership is an excellent group of people who are at the vanguard of innovation and entrepreneurship.
TiECon
TiECon is a unique conference that brings together people from four different sectors: Life Sciences, Clean Tech, Information Technology and Social Entrepreneurship. The panel discussions are of a very high quality and it is a great place to meet and network with likeminded people who are passionate about building successful companies.
This year’s conference on “Sustainable Innovation” addresses the core question about what it takes to build an enduring company. We have some many examples of start ups with what seem like great ideas go under. Innovation is not just about doing things differently or a coming up with a new idea. It’s about being able to execute these effectively and to nurture them through good times and bad.
The Medical Devices panel has great panelists who bring different perspectives: VC, Academic, Regulatory Person, Physician and a corporate investing. It promises to be an engaging discussion about the opportunities and challenges in the Medical Devices industry.
Trends in the Medical Devices Industry
Healthcare debate in Washington could bring major changes in the Medical Devices industry. The focus on Evidence Based Medicine and Comparative Effectiveness data for regulatory and reimbursement approval would not only put the patient at the center of innovation but would also raise the bar for “sustainable innovation”. It would create interesting opportunities for entrepreneurship and could mean closer collaboration between start ups, VC’s, and big companies in the future to foster innovation and bring them to market in a timely fashion.
Medical Device industry will continue to be an exciting industry for people who are driven by wanting to make a difference in people’s lives and who thrive in an innovative and entrepreneurial environment.
You can also read this blog at http://rajitkamal.blogspot.com
Innovation ideas in Medical Devices at TiECon April 16, 2009
Posted by TiE Boston- "The Network for Entrepreneurs" in Life Sciences & Healthcare.Tags: Entrepreneurship, Innovation, TiE, TiECon
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Innovation is the engine of growth for any industry. In general, the labs at academic institutions, R&D from big private enterprises and government sponsored research centers are usually the center of innovation.
Innovation in the Medical Devices industry is fueled by the entrepreneurs. These entrepreneurs could be the surgeons trying to make a surgical procedure more effective, an engineer who refuses to accept the status quo and insists on developing a better device or a business school student who declines job offers from big industry houses to pursue her dream of improving the lives of patients. Whoever they might be, they all have the audacity to think big and foresight to spot an opportunity.
Spotting an opportunity is usually the first step on the road to entrepreneurship. The healthcare industry is poised for a radical change in the coming years, change, that will present challenges and opportunities. To help us identify these opportunities, TiECon (www.tieconeast.com), the flagship conference of TiE Boston is organizing an excellent Medical Devices panel on May 22nd to discuss the future of the Medical Devices Industry.
The panelist are experts in their field and represent different segments of the Medical Device industry. Aaron Sandowski from Norwich Ventures brings the perspective of a early stage start up. Start up companies have been a feeder of new technologies to big Medical Devices companies for decades. Device sales model is a high touch sales model which requires substantial investment to develop an effective sales organization. Venture funded start ups usually prefer to tap into existing sales channel of an established player in return for royalties or through an acquisition.
Brad Vale, VP at Johnson & Johnson Development Corporation, a venture arm of J&J will bring the perspective of a big player in the industry. His insights into the role that start ups play or could play would provide fodder for entrepreneurship opportunities.
Rich Toselli, VP of Evidence Based Medicine, would talk about the growing trend of comparative effectiveness in the industry. The healthcare reform in the US could require device companies to submit evidence of clinical superiority over standard of care for regulatory and reimbursement approval. What does this mean for start ups? Rich’s views would be extremely useful in understanding the impact of this trend.
Finally, one always needs a professor to sort things out and provide clarity. There is no one better equipped to talk about the future of entrepreneurship than Dr. Bhaskar Chakravorti, professor of entrepreneurship at Harvard Business School.
Overall, this promises to be an excellent panel and I am sure the audience would come out with lot of promising ideas. You never know how many companies would be started from these ideas. And TiE won’t take any royalty for these ideas……what a great deal!! Seriously, if you aspire to be a Medical Devices entrepreneur, this panel and the TiECon (for amazing networking opportunities) is a must attend event. See you at the conference.
Rajit Kamal
Convergence…..- By Pravin Chaturvedi, Co- April 15, 2009
Posted by TiE Boston- "The Network for Entrepreneurs" in General.Tags: Entrepreneurship, Innovation, TiE, TiECon, TiECON East
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Convergence of High-Tech, Life Sciences, Clean-Tech and Social Enterprises in today’s global environment provides the ideal opportunity for creation of new enterprises of the future – By Pravin Chaturvedi, Co-Chair for the Life Sciences & Healthcare track
In today’s world, the walls around various disciplines continue to fall as technology and innovation create new opportunities that can be exploited to meet ever-increasing global demands. Technology and innovation are also the key tools to combat the threats faced by the world today from economic downturn to terrorism. In addition, with the increase in life spans and decreased mortality rates, the population of the world has now crossed six billion and there remains a continued increase in demand for food, fuel and medicine. With the explosion of information technology, one can learn a lot about new technologies available to us, but it requires a basic understanding of the various underlying scientific disciplines to be able to apply such technologies towards new and innovative products. But this “disciplinary” requirement can be easily transcended through attending a premier entrepreneurship conference – TiECON (East) in Waltham, MA on May 21 and 22, 2009.
At TiECON (East), one finds a convergence of all the innovative and cutting edge developments in the fields of Hi-Tech, Cleantech, Life Sciences and Social Enterprises. In one broad sweep, the conference pulls together experts in these diverse disciplines under one roof allowing the participant to avail of the knowledge and advances made in these fields that will lead to the creation of new enterprises. TiE is well-respected and known organization in the field of Entrepreneurship and accordingly affiliation with TiE has created millions of jobs and economic value around the world. This conference provides the attendee with the ability to network and meet successful entrepreneurs who are looking for their next venture or those that are sustaining and continuing to build their ventures. Indeed, in this harsh economic climate the theme of “Sustainable Innovation” resonates with many of us – both from a standpoint of survival through the economic hardships faced, and remaining “green and earth-friendly” to ensure that the future generations have an earth just as green as we found it.
There are so many success stories that one hears in the hallways at TiECON, so much so that at times, the attendee misses out on listening to a panel, while networking with a successful entrepreneur whose venture is exactly what the attendee was looking for. In that regard, the return-on-investment (ROI) for the small registration fee associated with this one and a half day conference is a great value and an investment in oneself. Furthermore, as one thinks about one’s own future, the opportunity to learn about entrepreneurship or the latest developments in the field of one’s interest and cross-pollinating that with other technological developments and coming out with new ideas is the primary reason to attend TiECON East 2009. It is rare, if not improbable, that one would find educators, industrialists, entrepreneurs, technocrats and support and service providers in a single location. I would encourage you to register and attend the event and see what connections can be forged and what opportunities to learn and share can be experienced.