Entrepreneurs honored during campus event

Thu, 2012-07-26 11:27 -- univcomm
Three entrepreneurs’ businesses recently received $10,000 each as winners of the 2004 Business Plan Competition. Sponsored by the Flagship Enterprise Center in partnership with Anderson University and the City of Anderson, 10 judges picked one business plan in each of three categories: manufacturing, technology and service and retail. One Anderson firm, AirLift Services International, and two Indianapolis firms received the money after competing with more than 25 others for the cash awards. The three were among 10 finalists chosen earlier this month from all the business plans submitted. Fortune 500 companies haven’t produced a new job in decades, said Charles Staley, Flagship Enterprise Center president. “Growth is in small entrepreneur incubators,” Staley said. “This is the American dream in action.”

Narrowing the field down to the list of 10 was not easy, he said. The job of the Flagship is to nurture and encourage entrepreneurs and that is what the competition was meant to do.

One reason the judges chose these three businesses was the energy and potential they saw, said James Edwards, president of Anderson University.

“The future begins with a dream and gets put into place by those with vision and energy,” he said.

The community is on the cusp of great things, he added.

AirLift Services won manufacturing, Clarion Sensing Systems took the technology prize and Medical Reporting Solutions won the service and retail money.

“It’s a huge boost for our company,” said Patrick Jamieson, M.D., chief executive officer for Medical Reporting Systems. “We still have development to do, but this will get us closer to launching our product.”

His firm plans to grow to more than $50 million in sales in the next five years. It provides a new innovative type of speech recognition software for the medical reporting industry, RadSpeak 3.0.

It improves the medical reporting industry by reducing cost through lost time in correction, he said. Currently radiologists using speech recognition software make 15 percent errors and RadSpeak 3.0 saves time by reducing errors, he said.

The firm may relocate its corporate offices in Anderson and intends to employ 10 to 15 new employees, said Lori Rumreich, vice president of marketing.

“We have to find a headquarters. We’re glad to hear the Flagship has a (business) incubator,” she said. “I didn’t know they had one here.”

Rumreich also discovered new contacts while at the presentations. Two people approached her as potential investors, she said.

Clarion Sensing Systems provides an Internet-based remote monitoring system to continuously observe municipal water systems and pipelines for contamination or tampering.

Every dollar is important, said Martin Harmless, founder of Clarion. There are very few people in the field providing a complete monitoring system. The system provides more security and early warning to increase homeland security.

Dr. John Marvel accepted the award for Airlift Services, which developed an oil pumping system utilizing compressed air that dramatically increases oil well production.

--Writer Avon Waters is a reporter with the Anderson Herald-Bulletin