The Efactory named five companies to its fourth business accelerator cohort.
The startups, Collaboarator, Compat.io, Fletch, ModBox and Optikal Care, will participate in the three-month program, according to a news release. Each will receive $30,000 in startup capital in exchange for 8% equity held by a subsidiary of Springfield Innovation Inc., which, like the Efactory, is a Missouri State University entity.
Starting May 13, the startups also will receive dedicated office space inside the downtown Efactory, access to mentorships and training through industry professionals and the Small Business & Technology Development Center, and introductions for future funding, among other resources. The accelerator culminates with the Aug. 12 Demo Day, during which the companies will pitch their businesses and talk about next steps.
The companies are led by entrepreneurs from Springfield, elsewhere in Missouri, Ohio, Georgia and as far as India, according to the release.
The company is creating a social media platform for musicians, allowing artists to write embedded music posts for others to see, collaborate with or buy within a certain GPS distance.
Co-owner Michael Costello works out of the Washington, D.C., area for Walmart Labs, a subsidiary of Walmart Inc. (NYSE: WMT). Co-owner Seth Kitchen, who’s relocating to Springfield from Rolla for the accelerator, has been a teaching assistant at Missouri University of Science and Technology and had a brief stint as a software engineer for Garmin International.
The startup’s software enables dealers and merchants to sell customized products and services, such as bicycle tools, gear and components, according to the release and the company’s website.
Founder and CEO Tim Baynes, who relocated to the Springfield area from Ohio several years ago, has nearly 11 years of past experience as a technical solutions director for Oracle Corp. (NYSE: ORCL).
The company’s attendance system for schools uses Bluetooth and other technology to create reports that integrate with management systems, according to the release.
Co-founder Marquett Burton is coming to Springfield from Cincinnati, Ohio, after previously working for school technology firm EverFi Inc. in San Francisco. Co-founder Aditya Halan, who lives in India, has worked for several startups, including his own cloud-based employee expense claim system called Zento.in.
The company’s smart accessories for drones are designed to help save time and frustration in operating the devices, according to the release.
Founders SueAnn Hollowell and Norman Stuart III are creating a subscription service for glasses and contacts, according to the release.
Hollowell previously served as the liaison for Communique USA Inc.’s marketing efforts with Chick-fil-A, and Stuart’s experience includes eight years in customer service roles for Verizon Wireless. Both are relocating from Atlanta.
The community’s architectural and engineering professionals present these 25 projects as an insight into their portfolios.
Vineese Knight with the Massengale Group Of Keller Williams says when she was a young salesperson the biggest mistake she made was looking at people as numbers. She started experiencing real success when she made the mental shift to thinking of her customers as people and genuinely caring about their needs above her own.
Cody Ritter, owner of Base Construction & Management LLC, attributes the company's fast growth in part to keeping customers happy. Base Construction & Management LLC is one of the Springfield Business Journal 2019 Dynamic Dozen companies, recognizing the 12 fastest growing companies in the area.
"You are a leader," says Carrie Richardson, Executive Director of Leadership Springfield. She gives suggestions as to how you can develop your leadership skills.
Michael Wehreberg, Wehrenberg Design Company, discusses the shift in the last five years in web site design to mobile-first designs. Ultimately, you have to think of the human first and serve them with ease, and Google will give you credit for being mobile friendly.
Ömer Önder, owner of Springfield Diner, struggles with the process of renaming his restaurant. The process led by Dustin Myers and Jeremy Wells, owners of the branding agency Longitude LLC. Ömer expresses all of the emotions he is going through as they work together to revise his seating, menu, hours, and a name to reflect those changes.
It is projected that 10,000 people in the United States will turn 65 years old everyday for 19 years, and non profits are going to be competing over the coming years in a fierce labor market. Give Five was developed as a civic matchmaking program to help connect capable retirees with charitable organizations that need help. Greg Burris outlines the problems the program addresses, opportunities for individuals and organizations, as well as how United Way of the Ozarks is licensing to the program to share with other communities.
Jamie Kinkeade noticed most of the women in her fitness classes at The Studio were wearing Lululemon. She knew her clients were driving to Kansas City to purchase the brand, so she approached the athletic apparel company to stock their merchandise in her store, The Movement. They said "no" at first because they were not looking to expand into the Springfield market, but her persistence paid off.
With more job openings than people to fill them, it is time for your company to evaluate how you are motivating and engaging your team to help you retain and attract the best talent. Sherry Coker, Executive Director at the OTC Center for Workforce Development, walks you through tangible and intangible incentives that encourage employee engagement, performance enhancement, and higher job satisfaction.
"When we first started we thought we could pretty much do this on our own," discloses Vera Gibbons with Baby Foot®. "We thought we knew what would be great...that's not really what happened." Gibbons recommends partnering with a strong marketing partner early and give them a budget.
With four generations in the workplace, understanding the strengths and weaknesses of how each approaches brainstorming can make all the difference in arriving at the best idea. Boomer Kay Logsdon, Director of Applications at CultureWaves, and self-described fossil Millennial Locke Hilderbrand share what their trends research at CultureWaves tells us about generational differences and tips on how to bridge the gaps. Generations in the Workplace is an ongoing multi-episode series tackling the issues of generational conflict.