Worcester Business Journal

April 13, 2015

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www.wbjournal.com April 13, 2015 • Worcester Business Journal 21 2015 INFORMATION Brought to you by: Register Today! Media Sponsor: Presenting Sponsor: For questions, contact Andrea Hamilton at 774-204-0700 or andreah@towerwall.com Pre-registration required. For more event info and to register visit: www.2015itsecuritysummitma.eventbrite.com KEYNOTE SPEAKERS Platinum Sponsor: Gold Sponsors: June 4, 2015 8:00AM – 1:30PM MassBay Community College 50 Oakland Street, Wellesley Hills, MA 02481 Cost: $45 SUMMIT FEATURES IN-DEPTH, NEW COVERAGE ON: • FBI: Social media and open source targeting: Common sense is the best defense • Network, Application & Infrastructure Security • Mobile & Cloud Security • Security, Risk Management and Compliance • Steps to Satisfy the Demand for Security Talent William T. Cushing, Jr. Senior Vice President, Chief Audit Executive and Chief Risk Officer Blue Cross Blue Shield of Massachusetts Alan Phillips Americas Lead Corporate Engineer, Sophos Grammy-Award winning Peter "Madcat" Ruth - harmonica, percussion, vocals Chris Brubeck - piano, bass trombone, electric bass, vocals Joel Brown - folk and classical guitar, vocals Musical Legacy Equals Exciting & Eclectic! FRESH BEGINNINGS Q The Lawn Doctor has started service in MetroWest and Worcester County. The franchise is owned by Jeff Angus and Glenn Farrell, who operate the Lawn Doctor of Fairfield County in Connecticut and Westchester County in New York. Derek Brierly is general manager of local operations. Q Fitchburg-based IC Federal Credit Union recently celebrated the grand opening of its new branch in Worcester, at 947 West Boylston St., in a ceremony attended by local and state dignitaries. has launched a $25,000 Kickstarter campaign to raise funds to relaunch his condiment company, Dr. Gonzo's Uncommon Condiments, of Worcester, which was open from 2002 to 2011. Not owning a house or other capital eliminated the ability to seek a small business loan, he said. "Traditional routes of financing with small business loans didn't seem to work without the leverage of major col- lateral. We had friends and family dip into their savings that helped propel the project but we never found the appro- priate 'angel' investor," Etsy said. These alternative funds can also ben- efit established businesses, Crowley said. His New 55 campaign wasn't about funding the production of film, but rather research and development toward it. There is no guarantee of suc- cess, but Crowley hopes a final produc- tion plan will come to fruition in the next few months, leading to an initial, mass-produced run of film. That's the exciting possibility crowd- funding offers small and medium-sized companies, he said. While large compa- nies have capital to float certain ideas or hold special pre-orders to gauge interest in new products and then scale produc- tion accordingly, smaller companies lack liquidity but arguably have more flexible and unique ideas. Crowdfunding can be used to raise money to push these ideas through development. "There isn't an alternative funding method rather than putting down capi- tal and committing to a business plan, so this fills the gap in many high-risk endeavors," Crowley said. "There is no alternative to this." Q Kickstarter offers funding jolt for Central Mass. ventures >> Continued from Page 9

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