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Entrepreneurship
Tuesday, April 9, 2:00-3:30, Ski-U-Mah, McNamara Alumni Center

Organizers: Justin Porter, Office for Technology Commercialization, University of Minnesota
Karen Kaehler, Office for Technology Commercialization, University of Minnesota

Panel Discussion

"What is the JOBS Act/Crowdfunding and How Will it Impact Medical Device Funding for Early Stage Companies?"

Patrick E. Donohue, CFA, Co-founder, INVESTyR, Co-founder, Inspiration Medical Technology Inc.
David C. Jenson, Associate, Leonard, Street and Deinard
Stephanie Rich, VP of Business Development, Spark Devices
Mark Connelly, LiifGroup, LLC & Liifmed.com


Session Abstract:

The Jumpstart Our Business Start-ups (JOBS) Act was signed into law on April 5, 2012 and has helped reduce the regulatory burden for Initial Public Offerings (IPOs). With the advent of the JOBS Act, internet crowdfunding may revolutionize how financing is done for start-ups. This panel will focus on the JOBS Act and discuss the pros and cons of crowdfunding for start-up companies.


Session Organizer Bios:

Justin Porter, Office for Technology Commercialization, University of Minnesota
Mr. Porter has numerous years of experience in a variety of technology and business roles. His most recent position was working in an environment where he was responsible for launching high technology-based start-up companies. He previously worked with a variety of consulting clients in a professional services role. He has a balanced mix of consulting, industry, and technical experiences, allowing him to be leveraged in all phases of a company. Mr. Porter has experience across many industry verticals including life sciences, physical and engineering sciences, software and information technology, and agriculture. Mr. Porter holds a BSB in Management Information Systems and Entrepreneurial Studies from the University of Minnesota – Twin Cities and an MBA from the University of Minnesota – Carlson School of Management.

Karen Kaehler, Office for Technology Commercialization, University of Minnesota
As a Technology Strategy Manager in the Office for Technology Commercialization, Karen is responsible for evaluation, protection and marketing strategy development for innovative technologies in the areas of medical devices and biomedical engineering. Karen holds a bachelor's degree in biology, advanced training in physiology, and an MBA from the University of Minnesota Carlson School. She has over 20 years product development and marketing experience in the medical device, health information and biosciences industries.


Speaker Bios:

Patrick E. Donohue, CFA, Co-founder, INVESTyR, Co-founder, Inspiration Medical Technology Inc.
Patrick is a entrepreneur, speaker and advocate for efficient capital markets. Patrick’s mission is to level the playing field in finance. Patrick founded INVESTyR with Phil Pogge to provide educational materials and tools to entrepreneurs to give them superior access to capital. Patrick founded Inspiration Medical Technology with Stephen Miller to provide consumers with medical grade medical products to improve quality of life. Learm more at www.INVESTyR.com and www.inspirationmedtech.com 

David C. Jenson, Associate, Leonard, Street and Deinard
David is a business lawyer whose practice focuses on securities transactions, ranging from private offerings for start-up companies to public offerings for established companies. He is also a contributor to Dodd-Frank.com, Leonard, Street and Deinard's legal blog devoted to tracking the major changes to securities laws resulting from the Dodd-Frank Act and the JOBS Act.

Stephanie Rich, VP of Business Development, Spark Devices
Stephanie is the VP of Business Development for Spark Devices, a connected device start-up in Minneapolis. She joined Spark after finishing her MBA at the University of Cambridge. Prior to that she spent several years in the entertainment industry in the sales of films to international markets before leaving to write and design a coffee table photography book. She did her undergraduate studies at the Medill School of Journalism at Northwestern University.

Mark Connelly, LiifGroup, LLC & Liifmed.com
Mark is a board-certified Emergency Physician with a passion for improving the quality of patient care. He strives for excellence and growth in business development, leadership and entrepreneurship. Mark received his degree in Biology at St. Johns University. After college, he was employed with the Mayo Clinic, Rochester as an Endocrine laboratory research technologist, and then completed medical school at the University of Minnesota. His Emergency Medicine residency training was completed at Regions Hospital, a Level One trauma center located in St. Paul, MN. At the completion of his training, he received the Robert Knopp, M.D. “Humanism Award.” This award recognizes the resident physician who most exemplifies the qualities of empathy and compassionate patient care, as voted by his colleagues. Currently Mark is employed at a Level One trauma center in the Minneapolis area and is actively involved in the Peer Review Committee process.


Company Profiles:

INVESTyR and Inspiration Medical Technology Inc.
www.INVESTyR.com, www.inspirationmedtech.com

Leonard, Street and Deinard
http://www.leonard.com/

Spark Devices
http://www.sparkdevices.com/

LiifGroup
http://liifgroup.com/ 


Related Sessions:

Medical Device Valutation in the Age of Health Reform


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