TUESDAY, OCT. 2, 2018  |  IN THIS ISSUE
 
Iowa Gov. Kim Reynolds and Secretary of State Paul Pate yesterday declared October as Cybersecurity Awareness Month in Iowa, kicking off a month-long spotlight on specific cyber threats facing the state's residents and businesses.
 
"Without question, we live in an ever-changing and fast-paced world," Ms. Reynolds said in a release. "Now, more than ever, it's vital to raise awareness of the cyber threats we face every day."
 
It's a topic that has been front and center for many business leaders in the Corridor, as the scope and danger of leaving data unsecured becomes clearer. Greg Edwards, the founder and CEO of data security company WatchPoint on Monday told members of Cedar Rapids' Downtown Rotary Club that "cyber crime is now larger than the drug trafficking trade," bringing an estimated $662 billion annually into cyber criminals' coffers.
 
Hackers have already breached 33 companies and organizations doing business in Iowa this year, according to notifications listed by the state's Office of the Attorney General, and that list only includes breaches that have affected at least 500 Iowa residents.
 
"It's apparent that this is a business that's not going away," Mr. Edwards told Rotarians.
 
Cybersecurity has been a focus for the CBJ as well, with the paper's second-annual Cyber Security Breakfast in September bringing together more than 150 security experts and business leaders to discuss what can be done. CBJ members can find recommendations and advice for securing their business here and here.
 
Senior Business Reporter Dave DeWitte also launched his latest investigative series, The Death of Privacy, focused on data security and the new threats facing businesses. You can read the first part of that members-first series here. Look for the next installment in Monday's print and digital editions of the paper.
 
Mr. Edwards, for his part, recommended that companies review their insurance coverage limits related to hacks and data breaches, emphasize employee training on cyber threats, stay up to date on software patches and test their systems regularly.
 
"The key thing is that the CEOs and executive management ... need to take ownership of cybersecurity," he added. "Not that you need to understand it and be able to implement it, but you need to know what your IT teams are doing and how they're protecting you. You should be getting reports on at least a quarterly basis - what are we doing to protect ourselves?"
Para3ISU, UNI win $269K for innovation, economic growth initiatives
 
Two of Iowa's regent universities have received competitive grants from the U.S. Economic Development Administration (EDA) for programs intended to promote American innovation and strengthen regional economies.
 
Iowa State University received $138,000 to support the development of the Iowa Workforce Innovation Network (iWIN), which will work with research universities, regional councils of government, economic developers, and education and business leaders to create innovative, multi-faceted solutions to Iowa's systemic workforce challenges. The iWIN program will include five key elements including applied research, a community leader survey, workforce gap analysis, a community workforce plan and technical assistance.
 
The University of Northern Iowa received $131,000 to support business retention and expansion through a targeted focus on intrapreneurship services. The University Center's activities will help expand product development and commercialization within stagnated industry clusters, support local economic developers in cultivating business opportunities, and coordinate university and community college programs to support businesses in their intrapreneurship activities.
 
The schools were among 20 colleges and universities in 13 states receiving funding through the University Center Economic Development Program Competition.
 
"Colleges and universities play a vital role in support of locally-devised economic development strategies," Secretary of Commerce Wilbur Ross said in a statement. "These institutions will work to build the public-private partnerships that are critical to helping America stay competitive in the 21st century."
 
Announced in May, this year's competition was open to higher education institutions and consortia of accredited institutions in states supported by EDA's Austin and Denver regional offices.
TThis week's CBJ: IDx secures $33M in funding as AI heats up 
 
IDx President Dr. Mi­chael Abràmoff
Being the first to crack the medical artificial intelligence (AI) code has paid off in a big way for Coralville-based IDx, which last week secured $33 million in funding from four strategic investors in one of the largest venture capital deals in Iowa history.
 
The University of Iowa spinout that de­veloped the first - and so far, the only - autonomous AI diagnostic system cleared by the Food and Drug Administration an­nounced the investment Sept. 26. It comes just months after its first product, the IDx-DR diagnostic system, was adopted for use by UI Health Care, marking the first time U.S. patients have received a medical di­agnosis from an autonomous AI system.
 
IDx-DR automates the detection of dia­betic retinopathy, which causes blindness in about 30,000 Americans a year, en­abling health care providers who are not normally involved in eye care to interpret results with minimal training.
 
"I think it shows a lot of confidence in what we're doing here in Iowa, which is very exciting," said IDx President Dr. Mi­chael Abràmoff, adding that the flood of venture capital money was a credit to the company's strong team, close ties with the university and the Cor­ridor's robust biotech eco­system.
 
But per­haps the main reason for the flurry of invest­ment interest, he said, was IDx's ability to both gain FDA approval for IDx-DR after an expedited "breakthrough device" review and quickly implement it in a real-world setting. In addition to UIHC, IDx-DR is set to go live within sev­eral other health care systems this year.
 
"People have been hearing about us locally, but after the FDA approval, every­one heard," Dr. Abràmoff said. "We were a bit stealth, under the radar you might say, because we didn't want to give too much away to our competitors. I think people were surprised it was us [to be first to win FDA approval]. People were tweeting that it should have been Google."
 
Since its founding in 2010, IDx had been funded by about $22 million in private angel investment dollars. But fol­lowing news of its FDA approval in April, Dr. Abràmoff said IDx was approached by more than 50 would-be investors, giv­ing the company the ability to pick and choose its partners.
 
Read the full, members-first story in this week's print or digital editions of the CBJ.
 
J Mays
Renowned automotive designer J Mays will join Whirlpool as vice president and chief design officer effective Oct. 15, the manufacturer recently announced.
 
Mr. Mays has worked on numerous landmark designs over the years, notably driving concept and design work at Audi, Volkswagen, BMW and Ford, where he most recently served as group vice president of global design and chief creative officer. He has also served in consulting and advisory roles within the movie industry, and is a visiting professor at the Royal College of Art in London.
 
"Whirlpool Corporation is committed to an approach, philosophy, and vision of being a global leader in design," CEO Marc Bitzer said in a statement. "This is a fantastic opportunity to bring J's leadership to our accomplished teams to help them set the design direction of our product portfolio around the world."

Mr. Mays' responsibilities will include translating consumer insights, needs and wants along with influential trends into next-generation product design concepts. Working with all regions and key stakeholders, he will own and lead design strategy and execution across all product platforms and categories, including user experience design.

"Throughout my career, I've learned the importance of finding an emotional connection with the customer," he said in a statement. "My interests extend far beyond automobile design, and that's why this opportunity caught my eye. I look forward to leading and collaborating with the already strong Whirlpool Global Consumer Design team. The team has a wealth of talent, is vibrant and passionate, and a driving force behind creating customer interest, desire and satisfaction."
 
Whirlpool manufactures French door refrigerators and small ice-makers in Middle Amana.
Para5Rockwell Collins' military ground radio hits security milestone

Rockwell Collins' AN/PRC-162 military ground radio, which is both man-portable and vehicle-mountable, has received NSA certification indicating it can protect classified transmissions up to, and including, Top Secret. CREDIT: ROCKWELL COLLINS

Cedar Rapids-based Rockwell Collins this week announced that its AN/PRC-162 military ground radio has received a Type-1 certification from the National Security Agency (NSA), indicating the radio can protect classified transmissions up to, and including, Top Secret.
 
The AN/PRC-162 is a next-generation two-channel ground radio, both man-portable and vehicle-mountable, that will enable U.S. Armed Forces to tap into new communications capabilities such as the U.S. Department of Defense's Mobile User Objective System (MUOS), while maintaining interoperability with legacy waveforms. An open-architecture design allows for software upgradeable capabilities in the future.
 
"The NSA certification is a big step on our journey to provide troops with the latest communications technology available for operating in a more complex, multi-domain battlespace," said Troy Brunk, vice president and general manager, Communication, Navigation and Electronic Warfare Solutions, in a statement. "We've leveraged decades of proven experience in airborne communications to develop a ground radio that will provide users with a heightened level of situational awareness and a tactical advantage."
 
The AN/PRC-162 is part of Rockwell Collins' TruNet family of communications products, which includes ground and airborne radios, advanced networking waveforms, applications, support and services that enable ground and airborne elements to exchange critical data, images, voice and video in real time.
aroundthewebFrom around the web: 
Pass it on

Forward the FREE, weekly CBJ Innovation Watch newsletter to your friends and colleagues, and share the feeling of being informed! Use our fast, one-minute subscription to the CBJ's newsletters here, or check out our other subscription options here.

See something we missed? Send tips, leads, corrections, etc. to news@corridorbusiness.com.
stockCorridor Stocks

NAME
SYM PRICE CHG %CHG
AEGON AEG 6.41 -0.04 -0.54%
Alliant Energy LNT 43.12 0.71 1.67%
Deere & Company DE 154.82 3.96 2.62%
Dow Jones ^DJI 26,773.94 122.73 0.46%
General Mills GIS 43.22 0.55 1.29%
GoDaddy Inc. GDDY 81.68 -1.39 -1.67%
Great Western Bank GWB 41.24 -0.18 -0.43%
Heartland Express HTLD 18.94 -0.46 -2.37%
KemPharm KMPH 4.30 -0.33 -7.13%
Marsh & McLennan MMC 83.49 0.07 0.08%
MidWestOne MOFG 33.06 0.00 0.00%
Pearson PSO 11.03 -0.48 -4.13%
Pepsico PEP 108.72 -1.99 -1.80%
Principal Financial PFG 58.86 0.26 0.44%
QCR Holdings QCRH 39.16 -0.60 -1.51%
Rockwell Collins COL 141.11 -0.16 -0.11%
S&P 500 ^GSPC 2,923.43 -1.16 -0.04%
Tanger Factory SKT 22.07 -0.18 -0.81%
Procter & Gamble PG 84.35 0.68 0.81%
United Fire Group UFCS 49.16 -0.12 -0.24%
U.S. Bank USB 52.75 -0.08 -0.15%
Wells Fargo WFC 52.13 -0.12 -0.23%
West Bank WTBA 22.88 -0.18 -0.78%
Whirlpool WHR 115.44 -3.15 -2.66%
Short-Term Event Planner
       
Oct. 3
1 Million Cups, by 1MC, 9-10 a.m., Geonetric, 415 12th Ave. SE, Cedar Rapids and MERGE, 136 S. Dubuque St., Iowa City. Join for community connections, startup pitches and free coffee. The October theme for Cedar Rapids' meeting is corporate social responsibility. Free. For more information, visit facebook.com/1MCICR.
 
Oct. 3-4
Education Technology and Computational Psychometrics Symposium 2018, by ACTNext, The Graduate Hotel and MERGE, 210 S. Dubuque St., Iowa City. Engage with leading experts across diverse fields, all working to solve the challenges at the intersection of education research and technological innovation. Presenters will discuss topics ranging from multimodal analytics and alternative assessment modalities to the impact education technology has in the classroom. Tickets: $0-$200. For more information, visit etcps.actnext.info.
 
Oct. 4
Speed Networking, by Cedar Rapids Metro Economic Alliance, 7:45-9 a.m., Economic Alliance, 501 First St. SE, Cedar Rapids.Meet fellow Economic Alliance members in a quick-paced and casual environment. Free, although space is limited by the number of attendees, and also by industry type. Register at bit.ly/2N89dae.
 
Wake Up Marion: Farmers State Bank, by Marion Chamber of Commerce, 8-9 a.m., 1240 Eighth Ave., Marion. Wake Up Marion is held the first Thursday of each month at a different member location. Enjoy complimentary coffee and get to know the host business. Free. For more information and to register, visit bit.ly/2MnCV6J.
 
CIRAS Veterans Business Roundtable, by Cedar Rapids Metro Economic Alliance, Alliant Energy and VGM, 8-9 a.m., Economic Alliance, 501 First St. SE, Cedar Rapids. Veteran business owners are invited for a light breakfast and facilitated discussion on business topics that are relevant to all industries. Free. Contact Julie Fagle at jafagle@iastate.edu   with questions.
 
Culture Change to Improve the Workplace, by Kirkwood Community College, 6:30-8:30 p.m., Kirkwood Linn County Regional Center, 1770 Boyson Road, Hiawatha. This interactive class will touch on improving communications, supporting co-workers, and evaluating the environment to ensure the workplace works for everyone. Cost $25. For more information, visit bit.ly/2Qs6ur5.
Headlines from CBS2/FOX 28 
These news items are provided by CBS2/FOX 28 
Torrents of water were running down the streets in front of Jen Robbins' home in Manchester Monday night. "I thought we were gonna wash away," said Ms. Robbins. "At the corner it was making almost like rapids. It was really cool but also really scary." Tuesday morning she woke up to a different view: the water had receded, but the crab apples from her tree made a distinct mark across her lawn where it once was. She had feared for water in her basement, but unlike many of her neighbors, her home was untouched. Just blocks away, on West Main Street, business owners drove their cars through water to get there for cleanup. Dave Reiss, owner of the bakery and meat shop Bushel and a Peck, began his day removing sand bags from his store's entryway. The community had helped him put them against his building the night before. Inside, his carpet was covered with inches of water. "The Lord giveth and He taketh away," said Mr. Reiss. "We'll just have to deal with what we got here, and we'll get through this." By mid-Tuesday morning, much of the water had receded, allowing city crews to begin their heavy cleanup efforts.
  
T hese news items are provided by CBS2/FOX 28 
CBS2 Chief Meteorologist Terry Swails' Weather First Forecast
 
There will be multiple rounds of showers and thunderstorms over the next week or so. Heavy rain will be a concern, which could lead to flooding and rises on area rivers. Today will be dry with an east-northeast breeze in Eastern Iowa. Clouds will remain in place and temperatures will be in the low 60s. A warm front will lift north tonight into Wednesday and bring in warmer air. Winds will be gusting out of the south and send temperatures into the upper 70s to low 80s. Then a cold front will move through Wednesday night and will produce scattered showers and thunderstorms. This will be a fairly quick moving system, but some storms could be strong. The rain will end early Thursday and temperatures will cool down into the 60s.