Fall 2002
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Fall 2002 |
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The number of Indiana companies and college students benefiting from the services or educational opportunities at Rose-Hulman Ventures (RHV) continues to increase. RHV’s client list now includes 27 companies. During the past two and a half years, nearly 200 students or faculty have worked with clients at RHV. Three new developments illustrate the different stages of assistance that RHV is providing to client companies. In October, RHV announced it had helped to recruit LE Incorporated from Silicon Valley to relocate in Indianapolis. MusicRebellion, an Internet digital music company located at RHV, recently launched its music download service during a promotion to students at 300 colleges nationwide. Veregon, Inc., which provides human resource software to improve employee efficiency, became the sixth company to complete its initial agreement with RHV and "graduate."
LE Incorporated (LE) is a leading developer and manufacturer of compact, lightweight, high-efficiency amorphous metal motors and generators for the automotive, mobility and power generation markets. Its proprietary technology allows LE to be the only company able to use amorphous materials, making it the clear choice for high-performance, cost-effective applications. LE recently relocated its headquarters to Indianapolis from San Jose, Calif. RHV was an important part of that decision. LE completed an exhaustive analysis when searching for the company’s future headquarters. Indiana quickly moved to the top of the list. According to LE, the talent pool to draw upon in Indiana is second to none. LE will be able to expand its rapidly growing market segment and optimize technical expertise and resources at RHV. RHV is providing financing and engineering services. The first project is for RHV to be the performance testing site of LE’s machine designs.
MusicRebellion, headquartered at Rose-Hulman Ventures, is an Internet digital music company where independent artists can sell their music to customers who download it from the company’s web site, www.musicrebellion.com. MusicRebellion fairly and legally delivers music to the consumer. Approximately 400,000 titles are available on the web site. Among those titles is music from major label artists such as Elvis Presley, Craig David, and Matchbox 20. The company recently announced its official launch to over 300 college campuses nationwide. The most distinctive aspect of MusicRebellion is consumer-driven pricing for any product offered. The price of any music file changes as demand for it changes. MusicRebellion will allow the delivery of music files at the lowest possible cost consistent with the market. Music consumers receive realistic pricing. Artists and record companies receive reasonable returns. RHV provides MusicRebellion with incubator space including state-of-the-art network, telecommunications, and ample data bandwidth, along with financial assistance.
Veregon, Inc., of Indianapolis, provides human resource software to improve employee efficiency by automating and streamlining the human resource processes and to improve employee effectiveness through better performance management. The Veregon Employee Relationship Management (ERM) Suite™ consists of two modules to assist managers with developing strategies to better manage and retain employees. The Veregon Performance Management™ module can be used to disseminate organizational objectives and increase accountability, while assisting employee development and organizational effectiveness. The Veregon Employee Self-Service™ module increases internal efficiency and reduces errors by automating human resource processes through an employee portal. It alerts employees and managers of critical events and improves organizational communication, accountability, and consistency. Veregon’s solutions can be delivered as an Internet business service. Veregon recently became the sixth company, since 1999, to complete its initial agreement with Rose-Hulman Ventures or "graduate." Rose-Hulman Ventures provided software development and business planning assistance.
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