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Plum Analytics disrupts academic traditions with metrics that create fast track to prestige

Andrea Michalek is looking to take Publish or Perish down a notch. Dresher, Montgomery County-based Michalek and co-founder Mike Buschman have just launched Plum Analytics, and they've got traditional academia in the crosshairs.

"If you look at how prestige is measured now," says Michalek, "there is a time lag from when your academic article is published to reaching a critical mass. From the eureka moment to getting credit now takes about seven years." It takes about two years for an article to be published, then there's a review period, followed by researchers citing the work in their articles. Tenure and prestige are based on citation counts and links back to an article.
 
But, says Michalek, with all the data available online, a much earlier indicator of academic excellence is possible. Advancing from brilliant idea to academic prestige can become a near real time process. If a researcher gives a talk at a conference, he or she can post the deck to SlideShare, as well as tweet and blog about it. All of these sites have built in metrics that indicate traction and interest.

"We gather from fourteen different sources, including Facebook, CiteULike, LinkedIn and Wikipedia."
 
Michalek partnered with Buschman to form the bootstrapped startup while both were working in a distributed team for the academic research tool Summon, which has been purchased by over 400 libraries in over 40 countries worldwide in just three-and-a-half years. Buschman will remain in Seattle, while Michalek resides here in Philadelphia. Plum Analytics presents its startup tomorrow at a special education edition of Philly Tech Meetup at the Quorum of the University City Science Center.

Source: Andrea Michalek, Plum Analytics
Writer: Sue Spolan

Search church: NoLibs' Seer Interactive 'hiring at will'

Seer Interactive is a search engine optimization and management agency, but unlike its competitors, Seer says it doesn't game Google. While other SEO and SEM firms use any number of tricks to get clients to the top of search results, Seer, says CEO Wil Reynolds, relies on an ethic of caretaking. No tricks. Reynold's philosophy is to build popularity organically, not by creating thousands of dummy blogs that link back to the client homepage, a popular tactic.
 
Seer, housed in a former church in Northern Liberties, has built its reputation almost entirely by referral, according to Reynolds. "I've always had a belief that if you take care of each client to the nth degree, and you hire good people, over time you generate an avalanche of referrals," he says. "Cold calling is not my style. Instead, my style is to kick ass for you so you tell other people." 
 
Seer now counts 60 clients worldwide, in places like Brazil, South Africa, and most major US cities.
 
Reynolds just got back from San Francisco, the headquarters of eight clients. "I like that personal connection." While Seer was officially incorporated in 2002, it wasn't a real business until 2005, when Reynolds left his job at Aeon for quite altruistic reasons.

His job was getting in the way of volunteering three hours a week at CHOP, and four days after being denied permission to leave early to get to the hospital, Reynolds quit and took on Seer as a full time endeavor. Giving back is essential to the nature of the business. There are 24 logos of Seer supported non-profits displayed on the company website.
 
"We've been growing accidentally," says Reynolds. "This happened organically." Reynolds has gone so far as to tell clients not to pay when there have been delays in delivery. "We weren't taking on new SEO clients for the past 12 weeks so that we could ramp up hiring."

Seer just hired six new employees in the last six weeks, bringing the total to 44, with an additional half dozen contractors and part timers on the books as well. 
 
In the past year, says Reynolds, staff has doubled. In contrast to other tech firms, Seer hires marketing staff almost exclusively, with only one developer on board. Revenue, according to Reynolds, is up 50 to 70% annually for the past four years. "We hire at will. I will overhire on talent because I know it's easy for us to get new business." Seer accounts include Revzilla, LinkedIn, Wine Enthusiast, Intuit and Crayola, to name just a few.

Source: Wil Reynolds, Seer Interactive
Writer: Sue Spolan

Conshohocken's OpenDesks reaches 1,000 worldwide workspaces as it chases investment

Need a hangout in Honolulu? A desk in Des Moines? Conshohocken-based OpenDesks can get it for you. The startup just announced that it offers 1,000 temporary work spaces worldwide. Options for rentals range from a desk in a coworking space, to a private office, to meeting rooms. Chris DiFonzo, co-founder and CEO of OpenDesks, cites a recent statistic that coworking is up 88% and now accounts for over 1,300 spaces internationally, according to Deskmag.
 
DiFonzo, who originally created the OpenDesks concept after leaving his previous job in 2010, relaunched in June 2011 with partner Keith Dallara. "It's been a direct uphill climb," says DiFonzo. "We went from less than 100 spaces to over a thousand." 
 
To appeal to investors, OpenDesks recently registered as a C corporation. Revenue, says DiFonzo, comes from making a margin on the space. OpenDesks has access to offerings from international space providers Regus and Alliance Business Center Network, as well as regional provider American Executive Centers. "What we are working toward is delivering OpenDesks as Software as a Service," says DiFonzo. "A company would pay a fee, and the entire team would have easy access to flexible workspace anywhere in the world."
 
DiFonzo cites the example of client Readyforce, a California-based startup in First Round Capital's portfolio. The company needs offices all over the country for a month at a time to conduct remote interviews. "We've been able not only to get them locations that offer great service and are owner operated, but we've saved them 20 to 30% off list prices."

DiFonzo says it would be a lot of work for them to line up offices themselves. In contrast, space seekers on OpenDesks get real time confirmation with a well designed, easy to use interface.
 
The company's main competitors are LiquidSpace and LooseCubes, but DiFonzo says both of those companies' offerings are concentrated around headquarters on the west coast and New York City, respectively.
 
The OpenDesks website averages 300 to 500 searches a day, according to DiFonzo, and since June, has made close to 400 reservations worldwide. The app is also available as on both iPhone and Android platforms.

Source: Chris DiFonzo, OpenDesks
Writer: Sue Spolan
 

Wilco, Temple partner to bridge North Philly's digital divide

North Philadelphia is getting a digital makeover, thanks to a new initiative between Wilco Electronic Systems, Inc. and Temple University. "What we're trying to do is create a new urban ecosystem for digital entrepreneurship in North Philadelphia," says Brigitte Daniel, Executive VP of Wilco. 
 
Daniel, who just returned from an Eisenhower Fellowship-funded tour of some very impoverished areas of the world, sees mobile apps as the most effective way to bridge the digital divide.

"In Southeast Asia, people went right from landline phones to mobile phones, leapfrogging over fiber optics and wired technology and going right to wireless networks," she explains. "In the US, the majority of our apps are for gaming and entertainment. In the last two years, we've developed more social service and government apps. Very shortly, we're going to see in low income populations that the mobile phone and tablet will be the pre-eminent way for everyone to access broadband information and content."
 
Daniel says the new partnership with Temple, launched in the beginning of 2012 with the Urban Apps & Maps Studio and funded by a grant from the U.S. Department of Commerce's Economic Development Administration, will target Philadelphia Housing Authority residents.

"We are calling this a public-private-people partnership because it is a collaborative effort between an educational institution and a private company that puts North Philadelphia communities, including residents, right at the center of the development process," says Daniel. "This is an area that has not experienced the same renaissance as West Philadelphia. It's an interesting opportunity to have more impact on the surrounding community than any other school in Philadelphia."
 
Daniel cites not only the digital divide, but the cultural divide between Temple students and low income residents, who live side by side. "There's been some tension between the community and the school." The initiative both encourages students to solve nearby urban problems and offers training to PHA residents. The project could have implications on a national scale.
 
Daniel credits Temple Vice Provost for Research and Business Development Tony Lowman with helping to get the new initiative off the ground, and offering an opportunity not only to develop apps for PHA residents, but with their help as well. Lowman, previously at Drexel, was the leading academic partner in the Freedom Rings Sustainable Broadband Adoption Partnership. Drexel provided 5,000 laptops to PHA residents as part of the Freedom Rings Partnership.
 
Daniel says, "If we implement this well and get the community engaged, it will be inviting, not intimidating." Some of the ideas for apps to build include streamlining the way PHA residents can find social services, and get easier access to health care and educational materials. Daniel expects measurable results in two to three years.

Source: Brigitte Daniel, Wilco Electronic Systems, Inc.
Writer: Sue Spolan
 

Drexel engineers music, 3D technology innovations with separate Philly institutions

Drexel University looks at the entire region as an extension of its campus. Ideas flow like steam beneath Philadelphia's streets. Two professors in different departments are heading multidisciplinary teams that merge new technology with Philadelphia traditions. 
 
In collaboration with the Academy of Natural Sciences, the plan to print 3D dinosaurs has already gained national attention. In the area of music technology, Professor Youngmoo Kim is developing the first app to do real time annotation of Philadelphia Orchestra performances. The Drexel-generated iOS orchestra app will be the first of its kind in the world.
 
Paleontologist Ken Lacovara is in the process of reanimating dinosaurs. Before you jump to the obvious Jurassic Park conclusion, there are a lot of steps in between. Lacovara, a paleontologist, has teamed up with Dr. James Tangorra in Drexel's College of Engineering to scan and print out 3D dinosaur bones. 
 
Also on board is Drexel Mechanical Engineering prof Sorin Siegler, whose focus is biomechanics. "We don’t really know exactly how dinosaurs moved," says Lacovara, who wonders how a creature weighing 60 to 80 tons could move and trot. Not to mention lay an egg. 
 
With a birth canal opening at two and a half stories in the air, and an egg the size of a volleyball, Lacovara wonders how the massive dino would withstand the stress of squatting and getting up. With the help of his colleagues, creating 3D models and working out the biomechanics will answer literally tons of questions.
 
Over in Drexel's METLab, whch stands for Music, Entertainment and Technology, Youngmoo Kim takes a break from a robotics demonstration to talk about his collaboration with The Philadelphia Orchestra. It started a few years ago, when Kim made his students sit through a classical concert. "Those without classical training said, yeah, that was nice, but I didn't get it," recalls Kim. It was around the same time the iPhone came out, so he and students undertook a project to create an app that would tell listeners about the performance in real time. 
 
It was such a hit that Kim and students applied for and won the Knight Arts Challenge. While Kim cannot be specific about the date of the public rollout, he says it will be within the year. Perhaps the launch will coincide with the orchestra's 2012-2013 season opener this fall, but Kim remains mum.
 
Kim also says that not every concert will have an accompanying app, so concertgoers who find smartphone use distasteful can choose performances without the tech overlay.
 
"There used to be a brouhaha over supertitles at the opera," says Kim, who has dual training in music and engineering. "Ten to twenty years later no one cares. If you go to an opera now and there are no subtitles, something seems wrong. Likewise, 10 to 20 years from now, no one will care if someone uses a phone at the symphony."

Source: Ken Lacovara, Youngmoo Kim, Drexel University
Writer: Sue Spolan

TicketLeap CFO Raybould aims to fill in the blanks for entrepreneurs with Capography

There is no better feeling in the world. When you're a startup and those first investments start coming in, it's a heady combination of validation and responsibility. Suddenly, there's money to spend. But that good feeling deflates fast in the face of a blank Excel spreadsheet, and terms to make your head spin.
 
Capography, launched last week, simplifies and standardizes the process of keeping track of all that money. Founder Tim Raybould, who is also CFO of TicketLeap, hopes that Capography becomes the standard resource for startups and entrepreneurs to maintain and share cap tables. The cloud-based product has national and possibly international reach.
 
Capography, which is a separate business from TicketLeap, is available for a $199 annual fee, and includes three compelling features: instead of the blank slate of Excel, Capography provides a wizard, which guides the user through a series of questions. Next is a feature Raybould calls The Thinking Cap. "It's a widget at the bottom of the page," says Raybould. Open it up to get details on any term you don't understand. "It's more than just a definition. It cuts through the noise." There might be opinions from prominent figures in the industry, or examples of the term in action. 
 
The third feature is the waterfall report. It shows startups exactly how profits would be distributed among investors. "The report dwindles it all down to one number: how much I get if I sell the company for X," says Raybould. "There are complicated terms that dictate who gets paid what first. Usually, founders don't get access to the waterfall until they are ready to sell the company. Capography's waterfall report allows you to model it out anytime."
 
Raybould developed Capography during nights and weekends, and plans to remain in his position as TicketLeap's CFO, where he maintains records on the company's $7 million in investments.

Just days after Capography was launched at the February 2012 Philly Tech Meetup, Philadelphia based DocDep announced the launch of SmartCap, which seems to be a direct competitor to Capography, but is aimed at VCs as well as venture backed companies, with a more complex pricing structure with some services for free and a tiered pricing structure for advanced offerings.

Source: Tim Raybould, Capography
Writer: Sue Spolan
 

Women own IgnitePhilly9, Philadelphia Orchard Project wins $1,000

Like some kind of sustainable Vaudeville act, a giant check made out to The Philadelphia Orchard Project danced past Paul Kimport, co-owner of Johnny Brenda's, where Ignite Philly 9 was underway last Thursday. The Ignite 6 winner received $1,000 for its urban fruit tree initiative.
 
There are a few truly key vantage points with good sight lines to the stage at JB's, and Kimport stood at one of the best, with a view of the entire area. To the right, bathed in the blue light of a photo booth, speaker Yasmine Mustafa practiced her talk about bringing GirlDevelopIt to Philadelphia. Straight ahead, past the attentive bartenders, Jessica Moore was onstage talking about her startup, Philadelphia Cow Share.
 
This was one of the best Ignite Phillys we've done," says co-organizer Dana Vachon. "The speakers were diverse. The crowd was diverse. It was awesome! It's always exciting to see a couple hundred people get so excited about the good things in our city."

Co-organizer Geoff DiMasi adds, "I am really proud of the diversity of speakers. Some cities make Ignite into a tech and start-up event while ours is a celebration of the city."
 
Perhaps the most mind blowing moment came at the top of the program. Keya Dannenbaum, founder of ElectNext, opened IgnitePhilly not with a talk about politics or civics, as expected. In five minutes, with very simply illustrated slides, Dannenbaum brought the house to tears with a story about a bridge, a note, and a great love.
 
"I was pretty nervous since it was so personal, and I knew the expectation would be something different because, one, I'm always talking about ElectNext and two, because I felt that it would be more typical of an Ignite event to speak to a specific accomplishment directly relatable to Philadelphia," says Dannenbaum, who had absolutely no idea what the response would be. She'd only ever told the story once before, at her wedding. "I ultimately decided to tell it because I just really, really love that story." She intentionally left out all mention of ElectNext, which continues to grow from its headquarters at PMN's Project Liberty.
 
It was a night that went to the women. Pam Selle's speech, entitled Go the Fuck Home, was about finding a balance between work and life, and received dozens of twitter and real life accolades. Mustafa, who turns 30 this week, won for Best Overall presentation. Sisters Emaleigh and Aine Doley talked about their grassroots neighborhood renewal work in Germantown. Diana Lind of The Next American City asked us to consider blowing up Interstate 95, for real. 
 
Some pretty sharp guys also took the stage, like the Bicycle Coalition's Alex Doty, up and coming stand up comic Doogie Horner, the brilliant Dave Martorana, Tim Bennett of Bennett Compost, as well as Jeff Friedman and the Code for America fellows, who are in residence here this month. 
 
While  DiMasi could not get over the fact that he's already organized nine Ignites (when he can still recall creating the first) the packed room begged for Ignite 10. Says Vachon, "So far, we do not have a date for Ignite 10, probably sometime in the late spring."

As far as rumors of moving to a larger venue? Not true. "We love the venue and while we would love to accommodate more people, we think the impact of an intimate sold out event is perfect for now," replies DiMasi.

Source: Keya Dannenbaum, ElectNext, Dana Vachon, Ignite Philly
Writer: Sue Spolan

From ashes to microbes in Glen Mills: Organic lawn nutrient maker Holganix projects $3M in revenue

It's not Texas tea, but it's worth its weight in gold. Holganix, based in Glen Mills, Delaware County, has developed a sustainable and organic turf nutrient system derived from compost tea with a secret living ingredient: microbes. Holganix just received $200,000 in funding from Ben Franklin Technology Partners of Southeastern Pennsylvania, following a previous $250,000 funding round in February 2011 for its environmentally safe holistic and organic lawn fertilizer.

Today, Holganix, which employs 17, celebrates its second anniversary. Founded in 2010, the company made $200,000 its first year, and projects revenues of $3 million in 2012, according to founder and CEO Barrett Ersek.
 
Those lush green campus lawns and rolling golf courses come at a high price to the environment, sprayed with chemical fertilizers and pesticides which then run off into local waterways.
 
Ersek says his environmentally benign product dramatically reduces a major source of runoff pollution by eliminating the need for conventional pesticides and herbicides. He points to a dead zone the size of New Jersey in the Gulf of Mexico, which was brought about by chemical runoff from the Mississippi River. 
 
The secret in the Holganix formula is life. The lawn care spray actually contains beneficial microorganisms made without animal or human by-products. Right now, the liquid product requires refrigeration prior to application, and Ersek says his team is also working on a granulated formula, which will capture the other 50% of the lawn care market.
 
Ersek says the first round of Ben Franklin funding went to a validation study conducted at three universities. North Carolina State, Penn State and Purdue University all reported dramatic reduction, up to 88%, in the need to add nitrogen as a fertilizer following Holganix treatment. The Holganix formula also attacks weeds, drastically reducing the need for pesticides.
 
Ersek reports that his primary customer base is in the mid-Atlantic, with a rapidly growing clientele among the Amish and Mennonite communities, who appreciate the all natural formula. Holganix is also making its way south, now negotiating with companies in Florida. Holganix is primarily a B2B distributor, but also deals directly with large institutions.

The potential market for an organic lawn care product is huge. According to Ersek, there are 44 million acres of manicured turf in the US, and over a million acres of golf courses. The Holganix formula may also be applied to shrubs and crops.
 
The idea for the business literally rose from the ashes. Ersek, who had built and sold two lawn care companies, had stockpiled fertilizer in 2008, anticipating a 60% price spike. The warehouse went up in flames. "One of our core values is gratitude," says Ersek. "Look for greater potential in every situation. You can't control what happens to you. If you respond with gratitude, you'll be OK. The loss forced me to find a better alternative."

Source: Barrett Ersek, Holganix
Writer: Sue Spolan

Leadership Philadelphia's drive to stay current starts with connections

How does a 50 plus year old organization stay current with the latest trends? That's the challenge for Leadership Philadelphia, which has been around since the late 1950s.

Liz Dow, President and CEO, says the key is connecting the old guard with up and coming business leaders in Philadelphia. In 2012, Dow is bringing people like Geoff DiMasi of Indy Hall and P'unk Avenue and Michelle Freeman of YIP (and Flying Kite) into the fold, with plans for both to come speak at Leadership Philadelphia's Sunday Breakfast Club.
 
"It's our mission to mobilize and connect professionals," says Dow, with offerings like the Core Program and the Executive Program, which aim to train and provide networking for Philly's business community. To celebrate its 50th anniversary, Leadership Philadelphia launched the Connector Project, with the stated mission to  identify under-the-radar leaders, study them in order to teach others to connect, and celebrate their success.

At the end of 2011, Leadership Philadelphia announced the nomination of 76 creative connectors, which Dow terms "a funky wonderful group of entrepreneurial arts people who are trusted members of the community." 
 
There's also the Pay It Forward program, in which participants are given money to hand to someone else and then report back. The stories are now pouring in.

Fairmount Park Art Association's Executive Director Penny Balkin Bach writes that she "matched the $50 and sent it to Creative Connector Stanford Thompson at Play On, Philly to buy 100 reeds for the kids playing wind instruments." Irene Hannan, a Senior Vice President at Citizens Bank, donated the money to a single mom she found through Project HOME to use for her children’s Christmas gifts.

Leadership Philadelphia also launched This I Believe, which formed the basis for a national radio series produced out of WHYY and airing on NPR's All Things Considered and Weekend Edition Sunday.
 
Recruiting for Leadership Philadelphia's Core Program begins in March 2012, The Executive Program, now underway, concludes in June.

Source: Liz Dow, Leadership Philadelphia
Writer: Sue Spolan

Collegeville's GigiK helps beat the system with KOP-based Free Court Dockets

He has a big, long, hard to pronounce name, so Gigi Kizhakkechethipuzha generally goes by the moniker Gigi K in Philadelphia entrepreneurial circles. Kizhakkechethipuzha's website Free Court Dockets is, he says, the only place online to get a federal case docket for free. The site, with a brand new design, will relaunch on or before February 14.

Otherwise, attorneys and legal researchers must use the Public Access to Court Records (PACER) Case Records locator system, which is about to raise prices 25 percent, from $.08 to .10 per page, starting in April 2012.
 
Kizhakkechethipuzha explains that while researchers have been charged per page for US District Civil or Criminal, US Bankruptcy, US Appellate, US Federal Claims, or US International Trade records since 2005, 14 universities were exempt until 2009, when even that avenue was closed.

According to an article in Ars Technica, "PACER locks public documents behind a paywall, lacks a reasonable search engine, and has an interface that's inscrutable to non-lawyers."
 
While activist Carl Malamud and Senator Joe Lieberman fought for the public's right to access to the documents, the paywall remains, and the search function remains a hurdle for lay audiences. Two large firms, LexisNexis and Westlaw, offer a more user friendly interface, but that ease comes at a premium price.

The King of Prussia startup Free Court Dockets has a different pricing structure, explains Kizhakkechethipuzha. The cost of obtaining the records will be covered by advertising revenue on the site and user donations.
 
Kizhakkechethipuzha, who lives in Collegeville, originally got into legal information services via inspiration delivered nearly to his front door. His neighbor, an attorney, was explaining how court scheduling orders often got mixed up, and a lawsuit could result from a missed court date. Kizhakkechethipuzha developed Docket Digest, which was an automated system to download and extract court dates to keep attorney calendars straight. While Docket Digest is no longer in existence, Free Court Dockets grew out of it.

Kizhakkechethipuzha, whose office is in King of Prussia, also operates several other startups, including Courtport, for legal research, Gami LLC, which offers outsourced business processes and applications (Kizhakkechethipuzha works with developers based in India), and Talentoid, an online job recruitment resource.

Source: Gigi Kizhakkechethipuzha, Free Court Dockets
Writer: Sue Spolan

DreamIt startup accelerator in Israel to be first-of-its-kind hybrid program

It is now time to look toward the land of milk and honey for the latest in tech. "Israel is famous for its technology innovation, though many companies have difficulty expanding into the US and global markets," says Mitchell Golner, Managing Partner of DreamIt Israel, the latest expansion of the Philadelphia based startup accelerator. After adding a New York City program in 2011, DreamIt Ventures goes global in 2012.

On January 17, applications opened up for Israeli entrepreneurs. Noelle McHugh, DreamIt's office manager, says companies have already started applying, and DreamIt expects to choose five Israeli startups to accompany 10 US-based entrepreneurs this summer in Manhattan.

Golner, who has been living in Israel, says DreamIt has been interested in developing a program in the Israel market for a while. "We are focused on helping Israeli startups expand in the US and in global markets. We will consider a wide array of companies that can fit the lean startup model. Most are in the Internet and mobile space and include B2B an  B2C businesses." According to Golner, the new program is a hybrid and the first of its kind in Israel. DreamIt Israel will be based in the environs of Tel Aviv. A specific location has not yet been announced.

Companies will spend one month in Israel and then travel to the US to spend three months in New York. "After the NYC program, when the companies return to Israel, they are offered a workspace for up to 2 months," adds Golner. "The curriculum, coaching, community, and other fundamental aspects of the DreamIt program are consistent across the Israeli program and the NYC program, with specific curriculum elements for the Israeli startups in the first month."

The deadline to apply to the program is early March. The Israel program begins April 15, and participants start the New York segment on May 14, returning home in mid August.  There will be two demo days for the overseas participants: one in New York and one back home. The Israel program wraps up in October.

Source: Mitchell Golner, Noelle McHugh, DreamIt Ventures
Writer: Sue Spolan

Disaster plan: Philly startup Near-Miss Management is a guaranteed hit

It would be incredibly useful to predict disasters before they happen. That's the goal of Near-Miss Management, a new company co-founded by Ulku Oktem and Ankur Pariyani, who met at the University of Pennsylvania, where Oktem taught and Pariyani received his PhD. 
 
Suppose the BP Gulf oil spill could have been prevented. Or the disaster in Bhopal. Oktem and Pariyani have created the remarkable, patent pending, Dynamic Risk Predictor Suite, comprised of three software programs and four add-ons that are able to predict major problems before they happen, saving billions of dollars annually.
 
"It's an area I started to work on more than 10 years ago," recalls Oktem, who is a senior research fellow at the Wharton School in the Risk Management and Decision Processes Center. "We started out focusing on personal near misses." For example, if a worker slips, but doesn't fall down, that's considered a near miss and an indicator of future problems. 
 
Oktem says the science of close calls has been gaining momentum. It was her work with the chemical industry that sparked an interest in practical applications of a problem that was previously in the realm of academic theory. "Near misses are a leading indicator of accidents," says Oktem. If you look back at unfolding events in the aftermath, adds Pariyani, there will always be several near misses leading up to any major accident.
 
The software suite Near-Miss Management has developed is designed initially to address issues in the chemical industry, and will easily apply to a wide range of businesses, including airlines, pharmaceuticals, energy, defense, finance and insurance.
 
"We expect that once our software is running in a few plants, it will catch on very fast," says Oktem, who cites an annual loss of about $10 billion in the chemical industry due to accidents and unexpected shutdowns. "People who are responsible for risk management of chemical plants are a close knit group. The key is getting the first few companies, and we expect to do that this year."
 
The bootstrapped Near-Miss Management, based in Center City, includes three on the management team and five programmers. Near-Miss Management will demonstrate its software tomorrow at the upcoming Philly Tech Meetup at the Quorum of the University City Science Center.

Source: Ulku Oktem, Ankur Pariyani, Near-Miss Management
Writer: Sue Spolan

Zaahah! Collaborative search launches with South Jersey angel backing

Zaahah is a new collaborative search and online desktop that combines beauty and brains. James Sisneros, who created the recently launched site under the aegis of his company startUP Productions LLC, has just raised seed funding from a group of independent angel investors from South Jersey. The undisclosed sum will carry the startup for the next six months, according to Sisneros, who begins seeking a Series A round this week. 
 
Sisneros came up with the idea for Zaahah while taking an executive course at Wharton. The platform takes social search one step further. First, Zaahah allows users to separate work, personal and academic profiles, rather than lump them all into one massive favorites bin.
 
But the real genius of Zaahah is in the networking. When search results are returned, Zaahah lets users know who else is searching on the same topic. Users can communicate in a completely firewalled manner. Each user has an anonymous Zaahah email address. This functionality will be particularly helpful for researchers at different academic institutions or companies. 
 
"It will eliminate redundant effort," explains Sisneros. "If we are in different offices searching on the same problem, we will see that." Students across the country will be able to connect on shared topics. Zaahah also allows users to chat in real time as well as store search criteria, annotated results and related documents in the cloud.
 
Sisneros has teamed up with Edventure Partners to launch Zaahah through colleges and universities nationwide. "There are classes at 12 universities who will market Zaahah for the semester. They're responsible for market research and public campaigns. A team of 300 people is doing the marketing for me." Sisneros has a four year exclusive agreement with Edventures, which will be marketing his search engine at 66 universities over the next two years. Zaahah now employs three developers and two marketing specialists, all on a full time contract basis.
 
Zaahah, which can also be accessed via browser plug-in, does not look like any other search engine out there. As opposed to a blank slate, the landing page is filled with attractive images that correspond to popular search terms. Ads run down the right side of the page. Sisneros also plans to create a hybrid advertising and discount program for Zaahah users, who will receive eight email offers a month for deals on products and services based on search topics.

Source: James Sisneros, Zaahah
Writer: Sue Spolan

Science Center-housed biotech startup Ossianix a shark of innovation, hiring 10

The shark, it turns out, has an immune system worthy of human envy. Biotech startup Ossianix, located at the University City Science Center, is developing groundbreaking immune system treatments based on antibodies found specifically in the shark. "In terms of evolutionary biology, the shark has one of the the simplest immune systems. It is a much smaller antibody structure than in humans, but still very potent," says Ossianix founder and CEO Frank Walsh. "You can engineer that structure to attack a whole variety of pathologies."

Ossianix just announced a strategic investment by global pharmaceutical giant H. Lundbeck A/S in the form of a Convertible Promissory Note. While the exact dollar amount has not been disclosed, Walsh says the investment will cover the next three years in the life of his very early stage research company. Ossianix hopes to grow to 10 employees by the end of 2012. Walsh is also seeking standard funding from several pharmaceuticals.

After leaving Wyeth following its takeover by Pfizer, Walsh decided to start his own company, naming it after Ossian, a mythological Celtic figure. Says Walsh, "When you start a company, you can come up with a name aligned with the technology, or something unaligned so if you change strategic direction, you don't have to change the name."

The product Ossianix hopes to generate will be made entirely of synthetic compounds based on the naturally occurring structures in the shark. Walsh reports that while there have been a number of academic studies focusing on shark antibodies, Ossianix is the only biotech pursuing the application from a therapeutic point of view.

The shark based antibody is applicable to a variety of diseases, says Walsh, and initial research is two areas. "The first is being able to deliver antibodies to the brain in much higher concentrations than can be achieved by current technologies. There's a lot of interest in the pharmaceutical industry to attack the processes in Alzheimer's, MS and Parkinson's disease. Central nervous system disorders are a major area of focus," says Walsh. The second area is in ALS research, creating a strategy to build muscle to combat the loss of power associated with the ailment also known as Lou Gehrig's disease.

As far as larger trends in pharmaceutical research, Walsh says that for the first time in decades, R&D spending at pharmaceuticals like Pfizer is on the decrease. As a result, the big players are becoming much more dependent on outside companies for early innovation. "For me, that's one of the exciting things about starting Ossianix, building a credible small company in that early space."

Source: Frank Walsh, Ossianix
Writer: Sue Spolan

Wharton MBA candidates size up online clothes shopping experience

Size Seeker, you are blowing my mind. A new company about to launch out of University City has the potential to vastly improve the online clothes shopping experience. "Only about 7 percent of clothes are for sale online," says Ian Campbell, co-founder of Size Seeker, which uses Xbox 360 Kinect technology to find correctly sized clothing for online shoppers.
 
Size Seeker will officially launch at this month's Philly Tech Meetup. "It's not necessarily bad to be provocative when you are an entrepreneur," says Campbell. "Retail is about entertainment and being edgy." Campbell and partner Mona Safabakhsh met in the Wharton MBA program, where they are both currently enrolled.

"We each had clothing in closets that we'd bought online," recalls Campbell of the company's inception. "It's hard to find what size you are. Due to a vanity sizing problem, you don't know if you're a medium or a large. We both had clothes in our closet that were past the 30 day return window. We'd ended up with clothes that were never worn."
 
Settling upon the Kinect for Xbox 360 as a means to measure people accurately in the comfort of their own home, Size Seeker built a program that captures the shopper's entire body in a matter of seconds. Campbell compares that with other programs that may take five minutes or longer to achieve the same results. Partnering with TC Squared, Size Seeker was able to create a database of 100,000 body scans, bringing the accuracy of future scans to within an inch.
 
Using the Xbox for Size Seeker gamifies fashion, says Campbell, who adds that the online clothing industry shows enormous potential, growing 20 to 25 percent over the last 10 years.
 
Size Seeker is now looking to hire developers for the data platform. "We are a B to B company," explains Campbell. "We are essentially helping brands and retailers reduce return costs and convert new customers." Size Seeker's technology may have the power to bring the clothing industry up to speed with items such as computers, of which 50 percent are now sold online.

Source: Ian Campbell, Size Seeker
Writer: Sue Spolan
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