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UMFK to host MIT Broadcast entitled "No Money down: Raising Capital from Unconventional Sources"

September 5, 2003

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The University of Maine at Fort Kent corporate relations office will be hosting an MIT Enterprise Forum satellite broadcast on Thursday, September 18 at 7:00 p.m. in Cyr Hall Room 205.

The topic for the upcoming broadcast is No Money Down: Raising Capital from Unconventional Sources. The broadcast will provide attendees with the lean and mean approach to financing companies without the help of venture capital or angel investors.

"Having a difficult time getting venture capital does not mean you don't have other prospects," said Edmund M. Dunn, CEO of MIT Enterprise Forum Incorporated. "Beyond angel investors, there are other methods, including Small Business Innovation Research (SBIR) grants, using consulting as a springboard to developing a company with actual products and a variety of means of customer financing. The Enterprise Forum has put together a panel that will speak about their real-world experiences of using these methods to building successful companies."

Moderating the broadcast is Vic Petri, global leader of the software and internet sector for Pricewaterhouse Coopers. He is joined by a panel composed of Jake Karrfalt, president and CEO of Alternative System Concepts; Pamela Lipson, CEO and president of Imagen, Inc.; and Bernd Schoner, managing partner of ThingMagic, LLC.

"These broadcasts are offered by UMFK as part of our continuing effort to provide information to the business community of our region and to the campus community," said Diane Nadeau-Saucier, executive director for corporate relations.

The broadcasts are made possible through the cooperation and generous support of the Finance Authority of Maine, the MIT Club of Maine, and in cooperation with the Center for Entrepreneurship and Small Business of the University of Southern Maine.

The satellite broadcast is free and open to the public. Anyone interested in attending and learning more about this forum should contact Nadeau-Saucier at 834-7800 or toll free at 1-888-TRY-UMFK.