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Where’s Your Google? Your Amgen?

Thursday, March 11, 2010

Posted by Becca Braun

In 2008, according to PWC MoneyTree and VentureXpert, Ohio moved into the top quartile, among all states, for number of venture capital deals. In 2009, Ohio moved into the Top ...

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Ayalogic

Ayalogic has been providing voice software products to help businesses increase the effectiveness of their communications while driving down costs since 2002. Ayalogic’s newest software product, Green-Ear, allows developers to easily add text and video chat, voice morphing, private channels, and much more to video and PC games at a relatively inexpensive price. Plugged into existing gaming code, Green-Ear enhances game ‘socialization’, giving players the ability to vocally communicate and interact with one another during play. The software is a fully managed and hosted Tier-1 communication network that leverages voice and data for game developers to simply and affordably socially connect games. Ayalogic is committed to providing innovative communication technology that is easily and quickly integrated across multiple platforms.

Banyan Technology

Banyan Technology’s unique web native solution creates and maintains direct and instantaneous connections between manufacturers and distributors and their freight carriers. Real-time communication delivers an average hard dollar savings of 19.6 percent off their total freight spend simply by using their existing carriers more effectively. Customers may integrate directly to other business systems to create faster cash conversion cycles, reduce administrative overhead, gain easier control of freight costs and establish powerful business intelligence.

BSKLive, Inc.

BSKLiveBSKLive is a leading provider of integrated employee scheduling and communications technology to optimize labor utilization and control labor costs for employers with shift based workforces. BSKLive’s flagship product, StaffKnex, is an intuitive, web-based application that combines staff scheduling, work requirements, employee qualifications, business rules, and communications into a highly automated staff management system.

Mark Woodka, CEO of BSKLive

ComSense Technology, Inc.

ComSense manufactures innovative high temperature pressure sensors that enable more precise control of diesel, gasoline and turbine engines in harsh environments. The sensors, made from a unique “shape memory alloy” are placed in each engine cylinder and provide instantaneous feedback to engine control systems by directly sensing the combustion process inside each cylinder. The result is improved fuel efficiency, reduced emissions, improved on-board diagnostic capability, and elimination of one or more sensors in existing engine control systems. The company’s product has a much higher sensitivity level (two to three times) than the closest competitor and is lower cost.

Electron Database Company

Electron DatabaseElectron Database Company is building advanced software technology designed to dramatically improve the performance of enterprise applications, data warehouses, and cloud computing infrastructures. EDC’s patented technology is expected to deliver over 40 times faster performance on existing disk-based hardware versus existing database software and over 400 times faster performance on advanced, solid-state based hardware currently in development. Once released, EDC’s technology will be the only database that fully leverages multi-core technology, 64-Bit computing, and solid-state memory drives that are expected to transform the hardware market and deliver material gains in energy efficiency.

FLX Micro

FLX Micro manufactures silicon carbide-based pressure sensors designed to work in harsh (i.e. corrosive and/or very high temperature) environments. FLX sensors are expected to enable more precise engine control. The initial target markets for FLX are diesel engines and industrial process monitoring, to be followed by turbine engines and then gasoline engines. The sensor is made from a unique silicon carbide (SiC) material, which allows it to be placed directly inside the engine cylinder. The sensors will provide instantaneous feedback to engine control systems by directly sensing the combustion process. The result is expected to be improved fuel efficiency and reduced emissions.

iGuiders

iGuiders, Inc. develops solutions to improve online search and lead generation for complex products and services. Its unique product, the Guider, is designed to enhance knowledge gathering for searchers while generating high value, qualified leads for online advertisers. Guiders are free to develop and use, and will work in conjunction with all major search engines.

Jodi Marchewitz, CEO of iGuiders

InSeT Systems LLC

InSeT SystemsInSeT Systems LLC is dedicated to commercializing an inertial tracking system for underground mines. The patented system will provide a number of operational improvements that allow it to pay for itself while meeting the requirements of the Federal MINER Act of 2006. The inertial devices have numerous other applications for mapping and tracking that will be pursued after the underground mining market segment has been addressed. InSeT’s system is superior to competing systems currently in use, which are based on RFID technology and accurate to 500 to 1,500 feet. The InSeT Systems device communicates a precise location several times per second and is accurate to a radius of 10 feet. This precision is fundamental to InSeT’s mission, which is to help underground miners go home safely to their families each night.

Jay Breeding, Chief Operating Officer of InSeT Systems

Inspiron Logistics

Inspiron Logistics develops and sells a proprietary Wireless Emergency Notification System ("WENS"). WENS provides educational institutions, governments and corporations with the ability to send high priority, high speed and high reliability emergency notifications to customized select groups of people. WENS technology has been proven in the field. It is already supporting numerous customers including the University of Minnesota, Florida State University and Miami Dade County. Unlike most of its competitors, WENS delivers pure SMS (short message system) messages to any mobile device (cell phones, pagers, PDA's, etc). Furthermore, Inspiron Logistics is a step ahead of the competition because it is fully provisioned with all major North American wireless carriers. Emergencies such as the Virginia Tech shooting, the I35W bridge collapse in Minnesota and hurricane Katrina have dramatically increased the public's urgency for such notification systems and have accelerated the market opportunity. Universities, governments and corporations are aggressively adding text messaging to the way they manage crises. They all see the growing need for faster, more comprehensive emergency communications. This has created an urgent demand swell for the WENS technology.

Knotice

Knotice (pronounced "notice") maximizes the ROI of direct digital marketing – interactive marketing communications that can be addressed to a specific individual – through process automation, increased relevance and improved performance. With Knotice’s on-demand software platform, Concentri™, Knotice unifies the vital direct digital marketing functions companies need to create profitable relationships with prospects and customers on websites, through email, and over mobile phones. This unification saves time and money, while directly improving the relevance and performance of direct digital marketing campaigns. Knotice’s market has experienced solid growth over the last five years and is expected to continue the rapid pace, growing from $3.2 billion in 2007 to $7.8 billion in 2012.

Knowledge Sphere

Knowledge Sphere (dba Inspherion) is a business intelligence software company that uses proprietary database search and analytical tools to help R&D intensive companies enhance their strategic planning processes. Knowledge Sphere’s business model is based on a powerful premise: the U.S. Patent Office database is the world’s most powerful resource for R&D intelligence, yet few companies tap its potential because its content is so vast and highly technical. Knowledge Sphere’s proprietary approach unlocks this resource by identifying, analyzing and reporting on highly relevant competitive activity - completing in a matter weeks what would take most companies over a year to assess.

Melody Management

Melody Management is a Software-as-a-Service (SaaS) company developing digital music services that help independent artists manage their music careers online. The services are provided via a user-friendly web interface and include a Melody Music Desk™ that lets artists manage their digital content, a Melody Widget™ that lets them share and sell their music on social networking sites, and a Melody Prepaid Debit MasterCard™ that puts 85 percent of sales into their account. Melody Management helps independent artists “Get Seen, Get Heard, & Get Paid.”

Glen Johnson, Chief Executive Officer of Melody Management

PreEmptive Solutions, Inc.

PreEmptive Solutions, Inc. is a developer of software "obfuscation" and size reduction products designed to help businesses secure their intellectual property assets. In essence, PreEmptive's products allow developers of software to disguise the product's code, eliminating the possibility of "reverse engineering," a process by which unprotected software can be pirated. PreEmptive already has over 2,000 customers for its software products, and is expanding by introducing new products for the rapidly growing $5 billion software management market.