StartupDigest
The personalized insider newsletter for all things startup in our area.
Subscribe to the FREE weekly St. Louis edition of Startup Digest, providing a menu of the best events for tech startups in our town. With the ever-growing array of startup activities in St. Louis, it's hard to know which to attend. Startup Digest can help. We curate the events and point you to the best ones for the week ahead.
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Wash U Students Available for Free Consulting to Startups  | | Clifford Holekamp, senior lecturer in entrepreneurship at Olin Business School |
Wash U business students will be performing management consulting projects for St. Louis early stage ventures. Possible project ideas could be market analysis, competitive research, pricing/revenue model analysis, evaluation/exit analysis, etc. Any company associated with ITEN, Arch Grants, T-Rex, or Cultivation Capital is eligible to apply for student support. Please submit project nominations directly to Brian Harting at [email protected] by January 3rd. Project applications can be in simple email format and should include the name of the company, contact person and contact information, a one sentence description of the business, and a one to three sentence description of the proposed project. The students will be asked rank their preferred projects and the selected companies will be notified in mid-January. Projects will be completed by the students by April 11. |
Yale Summer Internships: Bulldogs by the Big Muddy Bulldogs by the Big Muddy sponsored by The Yale Club of St. Louis, is bringing Yale summer interns to St. Louis.
Internships:
- are offered during Summer break, and typically last 8-10 weeks
-may be full or part time
-should allow for a current employee to serve as a professional mentor while supervising the intern
-should provide payment if the organization's industry is anything other than non- profit or government
-have clear learning objectives for students to pinpoint personal goals and positional expectations
If you are interested in it, please follow the instruction below to create your job posting:
-If you have not previously used the system, select "Register" on the home page
-Once your registration is approved by our office, you will be able to post jobs & internships directly to the system
-Upon logging in, go to 'Create Job Posting', found under the 'Job Postings' header on the bottom right of your homepage
-Make certain to select the position type "UCS Sponsored Domestic Internship Program" in order for your position to be properly posted
-Follow the prompted instructions and please be thorough when submitting information for the position
-Contact Ted Fouke at [email protected] with any questions you might have regarding this process
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Featured Company: DIMS
St. Louis, MO: (DIMS) Dead Inventory Management System's first online marketplace, Manufacturers' Inventory, is proud to announce they have reached their 30th Seller on the site. DIMS was founded in 2011 with the same concept of reselling idle electrical component level inventory online with a proprietary handheld scanner. 2013 has proven to be a big year of changes for this company. Starting off the year with a new partnership group, the company began developing its cloud-based system of generating product descriptions at a rate of 5,000 parts per hour. They were able to build out the Manufacturers' Inventory (MI) marketplace with the seed funding granted through the Capital Innovators program. They have grown their customer base, hired their first set of employees, and had their first sales with the new marketplace. The online marketplace and its features are fully functional, with over 3,000 products on the site, valued upwards of $1.8M, with customers ranging from California, to Montreal, Canada; consisting of primarily Electrical Distributors, and Original Equipment Manufacturers.
Their innovative way of dealing with excess inventory has helped them reach an early agreement with a MRO Supply management company; they manage over 200 plants around the world and will use MI's services to help alleviate some of the estimated $200M worth of dead inventory from some of their customers. MI has signed on their first two Manufacturers' Representative organizations, covering four states, to help bring more customers to the site. As 2013 draws to a close and the manufacturing industry is tallying their inventory for year-end reports, they are expecting many more sellers to join the site at the start of the year.
Beginning in early 2014, DIMS will replicate the MI model to launch their second online marketplace to serve the commercial lighting industry. They have already signed on multiple companies to use the site, who have excess inventory valued at over $1.2M. The marketplace will consist primarily of commercial fixtures, ballasts, and other various components.
DIMS continues to develop new technological advances and features to add to their marketplaces, including integration with Enterprise Resource Planning (ERP) systems to allow for real time updates of quantities and automatic order entry. DIMS is currently raising funding and always looking for resources and interested parties help.
About Dead Inventory Management System: they are a start-up company based out of St. Louis, MO. They have developed technology to quickly list, market, and sell large quantities of inventory online. Their first marketplace, Manufacturers' Inventory is targeted to the industrial manufacturing industry. www.deadinventorymanagement.com or www.manufacturersinventory.com
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Featured Job Opening
GoodMap is seeking a part-time Data Specialist with data management experience. Please review the details of this position and share with colleagues and friends who might be interested in this position. As well, please review other current openings at https://www.itenstl.org/latestjobs/job-list
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2014 InvestMidWest: Final Application Deadline Approaching
The 2014 InvestMidwest is scheduled for March 26-27 in St. Louis. InvestMidwest provides an opportunity for high growth companies from throughout the Midwest to present to an audience of over three hundred attendees including 60 -70 venture capital investors. The conference includes three presentation tracks: life sciences, technology and food/ag/bioenergy.
The main criteria for a company to be considered are:
--Project $20M in revenue within five years (varies with industry)
--Seeking funding from $1M to $20M
--Located within the broader Midwest
The final application deadline is January 10. To apply to present at the 2014 InvestMidwest click here .
For more information visit www.investmidwestforum.com .
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