Blog posts from September, 2011

Do you have a PBoD?

September 30, 2011 by MAGNET Ohio

That’s Personal Board of Directors, of course. Well before the entrepreneurs I coach require a Board for the companies they are creating, even before the Board of Advisers they pull together to help build their company, it can be helpful to have a Personal Board of Directors.   This is a concept that isn’t limited to entrepreneurs, either.  Just about anyone trying to make a change in their life can benefit. When  I talk with entrepreneurs about creating a Advisory Board for their start-up, we generally talk about three roles: people who can have money to invest, people whose skills can add value to the start-up, and people who can bring potential customers into the fold. A PBoD is a bit different and doing a quick search on the topic pointed me to this article on the Fast Company website.  When putting together a PBoD, look for: 4 to 6 people you think you could learn from a Clarifier who asks tough questions a Connector who leads you to other people a Challenger who helps you act boldly a Wise Elder or Sage a couple "free agents" For more suggestions on how to take advantage of a PBoD, click over

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Northeast Ohio Winner of White House Jobs and Innovation Accelerator Challenge

September 30, 2011 by MAGNET Ohio

September 22, 2011 (CLEVELAND) – Northeast Ohio is one of 20 regions in the country selected as a winner in the Obama administration’s $37 million Jobs and Innovation Accelerator Challenge, a multi-agency competition to support the advancement of high-growth industry clusters across the country. The region will receive a $2,062,945 million grant for a collaborative program led by Jumpstart, Lorain County Community College, MAGNET, and NorTech, which will stimulate job creation. This program, the Northeast Ohio Speed-To-Market Accelerator (STMA), is designed to accelerate the speed-to-market for near-production or pilot-production prototypes in the advanced energy and flexible electronics industry clusters in Northeast Ohio. According to Daniel Berry, President and Chief Executive Officer of MAGNET, "MAGNET’s experience and expertise will enable it to support cluster companies in their efforts to invent and commercialize new products that capitalize on high-growth market opportunities." "STMA is led by a close-knit network of nationally recognized service providers in Northeast Ohio with a history of success through regional collaboration," said Rebecca Bagley, President and CEO of NorTech. "This program will provide a conduit to connect products ready for commercialization with key manufacturers supported by a trained, qualified workforce." The STMA will employ a step-by-step process to help

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Manufacturing can be the cornerstone to economic recovery

September 13, 2011 by MAGNET Ohio

The Manufacturing Extension Partnership (MEP) program is the foremost public-private partnership in the U.S. MEP is tightly focused on sustaining and growing vibrant economies through innovative manufacturing. So those of us in leadership roles within the MEP are pleased to hear words coming from Washington that re-affirm our belief that innovation in manufacturing can be a cornerstone to the economic recovery strategy. In the 21st century, manufacturing will rely on engineers, technicians and creative leadership—brains not brawn—to elevate the status of U.S. know-how and ingenuity. We at MAGNET, which is the MEP organization for Northern Ohio, are encouraged by President Obama’s remarks during his address to the joint session of Congress on Sept. 8, 2011. The President emphasized the importance of manufacturing and, in particular, the importance of establishing on-the-job training and tuition incentives for students to study engineering. In the President’s words: "Already, we’ve mobilized business leaders to train 10,000 American engineers a year, by providing company internships and training. Other businesses are covering tuition for workers who learn new skills at community colleges. And we’re going to make sure the next generation of manufacturing takes root not in China or Europe, but right here, in the United States

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