Client Spotlight: Capital Innovators

Westward ho! Today, we move a bit further away from CIC’s home in the Boston area. One thousand miles west, we land in St. Louis and are proud to feature our first client spotlight from CIC St. Louis!

Who are you?
Brian Dixon, COO of Capital Innovators in St. Louis

What problem are you trying to help solve?
Capital Innovators helps early-stage IT or IT supplemented companies grow their business very quickly. We provide […] seed funding [and] project-based mentorship from a seasoned pool of knowledgeable experts. Perks and benefits, and office space for the course of 12 weeks [are also offered].

Our investments come from a venture capital fund that we manage, so it provides an opportunity for investors to get in on these early stage deals and have an opportunity to receive a robust return on their investment.

How is your company changing the world?
Capital Innovators’ primary goal is to make a return for our investors, however, we have been able to fuel the growth of 70 companies, creating over 650 jobs, and helping those companies receive over $185 million in follow-on-funding. This, in turn, boosts economic develop and creates the opportunity for sustainable growth in the St. Louis region.

How does being in St. Louis affect what you do?
Building a company in St. Louis costs ~1/5 of what is costs on the coasts. Our companies can be far more capital efficient when it comes to building their business, which allows their investment dollars and revenue dollars to stretch far beyond what coastal startups can do.

What’s unique about your team’s atmosphere?
Our team thinks just like the startups that we train. […] We’re incredibly creative and always thinking outside the box to generate value to each opportunity that presents itself.

If you won a huge grant, what would your company do next?
We would invest the money back inside the business to continue on our growth trajectory. It would likely go into further developing new products and services that provide true value in our space.

What causes do you care about?
I am a board member for the St. Louis Suit Project where we provide professional business attire to deserving individuals in need. We work towards eliminating the barriers caused by financial inequality and unfortunate circumstance throughout all aspects of life.

I am also on the competition committee for Arch Grants where I help select the companies that receive $50K grants to build their startup in St. Louis. Arch Grants is doing some amazing things to help boost economic development in the region and I’m passionate about helping make St. Louis a startup mecca of the Midwest.

Who is your hero?
Although he is no longer alive, Napoleon Hill would be one of my heroes. His work and books have fundamentally changed how I approach life and I believe that his practices should be taught and implemented in every school at every grade level.

What is your biggest fear?
I believe that fear is a negative emotion that should be provided zero energy. People often make decisions based on love or fear. If you make the decisions in your life based on the former, your life becomes a much happier place and things happen for you faster.

What is your proudest accomplishment?
My proudest accomplishment is still in the works and it is building Capital Innovators into a global business that creates value in a plethora of industries.

What’s something most people don’t know about you?
I’m extremely fascinated with outer space and the potential for space travel to become more affordable as technology advances.

Tell us something about your experience working from CIC.
Working at CIC has been great. It provides the opportunity to work in a creative and innovative environment where a variety of minds collide.

Client Spotlight: Boston Area Science Exchange (BASE)

¡Saludos! We wanted to practice our language skills so we sat down with CIC Boston resident organization, BASE!

Give us your elevator pitch.
BASE is a teacher-owned and teacher-run language school aiming to bridge cultural and linguistic gaps in the Boston area and beyond. We have 10+ years of experience in Boston helping people with their language skills, including translation and interpreting services.

Our strength is our focus on building and maintaining conversation skills in the target language via small-group and private courses. We weave our niche community tightly in Boston through the cultural opportunities we offer, in addition to our language courses and through the relationships we’ve cultivated with like-minded organizations in Boston.

Self-assessments are available on our website (bostonspanish.com) to decide what course you need to take.

How did the company start?
We (Lorena Calderón and Bill Spirito) moved to Boston with the initial goal of paying off Bill’s college loans, as earning Colombian pesos while paying off loans in American dollars wasn’t cutting the cake. At first Bill wanted to take a break from language teaching, having taught English and Spanish as well as training teachers in Bogotá for five years, but we almost immediately identified a void in quality Spanish-language learning opportunities in Boston, and the idea took off.

BASE teamed up with JVS Boston where BASE operated from for ten years until the surge of gentrification of Winter Street led us to the enlightened world of coworking space. We discovered CIC with the help of CIC employees who were enrolled at the time that we received our 30-days from Winter Street.

We love CIC!

Do you have a favorite translation or phrase to teach?
“Que estés bien.” Be well.

I use only Spanish from the get-go in my courses, even in the introductory ones, so I lean on synonyms and cognates heavily. When teaching students how to say “good-bye” I write “Adiós = ” on the board (I have yet to have an intro student who had never learned “Adiós” somewhere along the line), and I encourage them to go beyond using that and “Hasta la vista, baby.” By far my favorite authentic good-bye to teach students is “Que estés bien,” which is not just for Buddhists!

What was your latest company milestone?
We began offering Portuguese courses again this year, and surprisingly, in our first attempt to offer courses out of CIC Cambridge at One Broadway, we were successful! From our experience, programs need multiple course periods to take hold.

What brought you to CIC?
Adrienne Mueller, love her! She was one of the above-mentioned CIC staff who had been enrolled in a BASE course at the time we were looking for space to continue our operations. We were then introduced to the wonderful Julia Hansen who toured us around and proclaimed that CIC loves experiments, so we experimented, and so far, so good!

Client Spotlight: Technology Exchange Lab

Guest Writer: Alex Audette

I had the chance to ask Éadaoin Ilten and Brennan Lake of Technology Exchange Lab a few questions, and learned how they’re using forward-thinking strategies to improve lives around the world.

Introduce yourselves! What do you do?

Here at Technology Exchange Lab (TEL), we believe that the fight against poverty starts with satisfying basic human needs, such as clean water, and access to energy and healthcare. We help tackle these challenges by driving the adoption of innovative, cost-effective and sustainable solutions that improve livelihoods in developing communities across world. From hand washing stations in Sierra Leone, to solar lantern distribution initiatives in India, our programs are designed from the bottom-up, in order to meet the needs and aspirations of people living at the base of the pyramid.

What brings you to CIC?

TEL was founded in 2009 by two MIT Sloan alumni who met at a local networking event. Their shared vision of poverty alleviation was inspired by their collective experience at MIT of introducing technology-based solutions to improve lives around the world. As the organization grew from an idea into a reality, settling at the CIC was a logical step to tap into Cambridge’s academic and innovation ecosystem.

Share your accomplishments! Gloat, gloat, gloat!

Over the past 7 years, we’ve carefully curated an online database of over 600 solutions to challenges related to water and sanitation, energy access, agricultural productivity, health care, and more. Every day, people turn to TEL’s online platform to discover appropriate solutions to their unique development challenges. The platform has served as an initial touchpoint for our work with incredible community based organizations working on the front lines of international development across South Asia, Latin America and the African continent. Parallel to this, we’ve built institutional partnerships with the United Nations, USAID, Siemens Stiftung and several programs at MIT.

Anything exciting on the horizon?

In spring 2017, we’ll invite the general public and CIC members alike to the TEL World House exhibition. In partnership with MIT, we are hosting a free outdoor event to showcase of some of the most compelling solutions available in the TEL database, such as solar lanterns, clean cookstoves, water purifiers, health products, and much more. Visitors will be able to demo solutions, while also meeting the inventors, development practitioners and social entrepreneurs who put the solutions to action.  

What do you like about CIC? How does the environment here impact your company philosophy?

In addition to having an unbeatable location, One Broadway has offered us a solid home base for doing business globally. As a small organization, it’s nice to host our partners and clients in such a professional, and impressive setting. What has been of most value, however, are the connections we’ve made with other CIC members, from partner organizations to world class programmers who have been inspired by TEL to help us fulfill our mission.

International development, you say! Would you like to support my “Alexit” referendum and secede from the Commonwealth with me?  

You wouldn’t be setting a precedent, since Maine “Mainxeted” from Massachusetts in 1820. While Maine has its virtues – blueberries, Stephen King, Tom from your organic tube of toothpaste – I don’t think we’ll join you in Alexiting. Since seceding, Maine has consistently underperformed the Commonwealth, macroeconomically speaking. Consider Effy, the downeast fisherwoman of the 1820s, an early icon of unemployment. Despite years of prosperity in her early life, after Maine seceded she lobster job!

Bummer. Your loss. What should I name my new nation?

I would name it after the CIC workstations “Data Motel”. Because that name totally makes sense…

Should I drive on the right- or left-hand side?

Straight down the middle.

The country’s secret password?

Fidelio.