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September 2008

British Library

Our September meeting was hosted by
The Business & IP Centre at The British Library.

Guest Speaker
Albert Wright - Accessing Subsidised Business Support

After a very successful career in Retail with Marks and Spencer, Albert has since 1991 been involved in Interim Management and Business Consultancy working on Business Planning,Counselling and Training. He has a special interest in growth companies and Business Angel Finance and is recommended by former Dragons' Den panellist Rachel Elnaugh on her web site www.rachelelnaugh.com. More recently he has become a business coach working closely with John Niland of Success 121 www.success121.co.uk. Over the last five years he has also been involved in bid writing and advising on buying and selling businesses, mergers and acquisitions.
Albert worked closely with Essex Business Link on their Evolve Elite team advising growth businesses, Business Enterprise Consultants of Enfield, Barfield Training, TNG Business Support and InBiz. He was on the expert consultants panel for Streetwise Business magazine, was a visiting lecturer for the University of East London and Middlesex University and ran training courses and workshops for Essex Business Centre, several Business Links, private companies, Moore Stephens and continues to train business advisers for the Institute of Business Advisers (IBA).
He was involved with the development of the North London Enterprise Club, where he was vice Chairman for 3 years and founder and Managing Editor of their monthly news magazine, The Echo, as well as the North London Chamber of Commerce and was a director of North London Chamber and Enterprise Club Credit Union.
Alberts presentation enabled attendees to learn how to Access Subsidised Business Support.

Business Pitches

ki work
Jim Wolff, Ki Work

Ki Work is a web platform for accessing and outsourcing online work. Ki work is organised into 500 categories of online work, each representing a distinct online business function (ie web development, business consulting, copywriting, etc.). The platform has been designed so that each category is 'leased' by a Category Leader who is responsible for developing a thriving marketplace for online work. Within each category, professionals can make themselves available for work, and post projects for people to work on - all for free. Leaders can earn a small fee from appointing Experts, who get greater status, visibility and credibility within the marketplace. Experts can also certify other professionals, creating valuable effective networks.
Ki Works goal is to become a billion dollar business serving the needs of an estimated 100 million online workers worldwide. Ki Work launched in beta in May 2008 and expects to achieve sustainable positive cash flow and monthly profitability by first quarter 2009.

David Noble, Wanobe.com

Wanobe.com is rapidly emerging as a substantial lifestyle community and social network for people aged 40 and over in the UK and elsewhere, including France and Sweden. This mature audience is one of the most powerful consumer segments in the industrialised world today. Launched in September 2007, Wanobe.com has grown steadily since January 2008 with over 2,250 registered members on 6 August with the sign up rate increasing each month.
In the UK, 22 million people are aged 40 and over and have an annual collective spend exceeding 209 billion. (The Mature Market). Wanobe.com is starting to generate revenue despite its relative youth and income has risen each month. In addition, Wanobe.com is increasingly being sought out by top-line companies looking to target its audience including Sky, The Daily Telegraph, Padi Power and the NHS.
Wanobe.com communications strategy focuses on taking over where Facebook and MySpace stop in terms of providing mature audiences with appealing information, offers and services relevant to their diversified demographic needs.

Daniel J Hulme, NPComplete

It is estimated that around two thirds of integrated circuit (IC) projects fail to complete on schedule. As the design complexity of chips rapidly increases, it is becoming more and more difficult to test for errors with functional failure cited as the number one cause by a wide margin.
NPComplete intends to enhance the IC design process by providing superior algorithm services to Formal Verification tools. Formal Verification is one aspect of the Electronic Design automation (EDA) industry that provides tools in the form of software applications used to design all of todays electronic components and products. Formal Verification is the process of testing chip designs for bugs using exhaustive and complex mathematical algorithms.
Integrating NPComplete's service into EDA software will provide IC designers transparent access to a superior optimisation tools and help semiconductor companies by significantly reducing time-to-market, decreasing the risk of shipping faulty chips and thereby increase profits.