February Power Lunch Speaker

Jeff Price

Business meets Virtual Reality In the
New Game in Town

Written by Lori WIlliams 

A new sports team with a new coach will soon play at a new arena in Oklahoma City. The competition is electric, the playing field is digital, and the rewards are real. The game is eSports and Professor Jeff Price is its driving force.

Also known as electronic sports, eSports are organized competitions between video game players. The sport is an international phenomenon, with revenues projected to top a billion dollars in 2020.

Professor Jeff Price is the eSports Director and Chair of Oklahoma City University’s Game Design and Animation Program. “We will soon break ground for OCU’s eSports arena, he says, adding that, “I am fortunate I have a career in game design and animation. We live in a world that hungers for new experiences and technology. I think this industry is really at its infancy and we’ll see more and more developments.”

To top off all this newness, in the fall of 2020 OCU will begin offering a degree program in eSports Management. Students will study broadcasting, event management, budgeting, content development, and exercise sports science.

In other words, this program isn’t all about playing games. In fact, Professor Price is enthusiastic about the impact such games can have in the fields of business, medicine, and the social sciences.

According to the Professor, augmented reality applications have the most potential for business applications. “Overlapping 3d data onto the real world is the future,” he says. “Imagine fixing a Mercedes Benz engine with no experience. Scary, right? With internet data and 3d imaging, the virtual application could walk you through step-by-step, even showing you proper technique.”

“I am really intrigued by medical uses of virtual reality (VR) as well. A researcher developed a treatment using a snow scene in VR while burn patients were being treated. I believe they saw a reduction of medication around 50%. That’s what technology should do for us.”

“I also think VR will be a way to record historical places and events. Cameras and techniques are being developed to document physical environments. These are used in the engineering fields, but I think we will eventually see it used for social purposes.”

Speaking of historical places worth documenting, there’s a restaurant in Mustang, Oklahoma that’s on Jeff Price’s list. “My first video game was on my brother’s Pong ^® console . . . but I would say I really became captivated with an early game called Battlezone^®. I would play it for hours at the Mustang Dairy Queen.”

Today Price teaches game design, animation, graphic design, and modeling. In so doing, he’s learned that, at first, most people don’t think they can learn the necessary skills. But then those people meet Professor Jeff.

“People can learn the software and make art themselves,” he says, while adding that the industry utilizes many skill sets, including artistic concept artists and programmers making game tools. “The creative pipeline for game art and animation has many roles.”

Attend

There is a problem with our medical residency programs in the United States. Governing bodies determine duty hours standards and resident physicians are tasked to follow them. But are they? The majority of Program Directors interviewed state that there are errors in the reporting process. Delayed time entries and honor-based systems do not provide accurate information to the institution or the governing bodies, and inaccurate data is the byproduct.

WorkOur has developed a product that eliminates this broken system and allows medical residents and physicians to seamlessly record and track duty hours details in real-time through location-based technology and their phones. The data generated provides valuable information to the programs and institutions, helping them make critical decisions about staffing and quality of care. WorkOur’s ultimate goal is to use this data to effect change by promoting flexibility in the current duty-hour standards in the US and around the globe.

BIO

Dr. Vasan is a Board-Certified Otolaryngologist - Head and Neck Surgeon at the University of Oklahoma Health Sciences Center. Dr. Vasan was born and raised in New Zealand and is a member of The Royal Australasian College of Surgeons. He has authored numerous papers and book chapters in the field of Head and Neck Surgery and performs Head and Neck Robotic Surgery.

Dr. Vasan has developed medical devices for robotic surgery with the University.

He founded Adroit Surgical LLC, a private company in 2010 to develop and commercialize patented emergency airway management devices.

Dr. Vasan is an Associate Professor who specializes in Head and Neck Oncologic Surgery and serves as Program Director for the Otolaryngology - Head & Neck Surgery Residency Program. 

Only the Blue Sky’s the Limit

For Matt Williamson and his Team at Clevyr

As Matt Williamson swings over the Oklahoma City skyline and grabs hold of the International Space Station, he’s already thinking about his next move.  “I’m definitely like the blue-sky guy,” says the founder and CEO of Clevyr. “My company is aggressive in moving deeper into new technology. We’ve always been that firm in Oklahoma City that says, ‘Cool! We can do that! We’ll figure it out.’”

The team at Clevyr visualizes and then creates software to streamline processes and improve lives. They excel at workflow automation, web design, facial recognition, artificial intelligence (AI), augmented reality (AR) and virtual reality (VR). The latter put Williamson at the OKC skyline and beyond, but Clevyr-style VR can also land you courtside at a Thunder game or behind the controls of a powerful machine.

For example, Clevyr has created a couple of VR training environments for warehouse and manufacturing facilities. Multiple trainees can learn how to operate vehicles or presses in a realistic environment. If accidents happen, everyone learns but no one gets hurt. While the training continues, the actual machines are available for day-to-day operations.

Daily learning tasks at school are also enhanced by Clevyr software solutions. “My favorite AR application is actually one we’re doing right now in the education space,” says Matt Williamson, “so I can’t talk much about it. But I can tell you that this kind of learning allows children to see things in real time while engaging a different part of their brain.”

Ready to experience Clevyr-style AR for yourself? Turn your phone into an augmented reality marker scanner by downloading the Clevyr app. Then print out and scan the pop up city marker on Clevyr’s website.

“I get giddy when I think about this technology,” says the CEO who still delights in computers after nearly 25 years in the industry. Others share his glee upon seeing the city scene come to life on their phones. “Every time I show it to someone,” Matt says, “they ask, ‘Where am I in this scene?’ Because your brain is saying, ‘this is where I am.’”

The markers, known as Clevyr Stories, are an engaging way to introduce AR technology to the marketplace. “Just imagine what it would be like,” says Williamson, “to use this interactive tool to show people what your company has to offer. I can tell you that we get a tremendous response when we send out cards with these markers on them.”

“You get to interact and play, zoom in and out. It provides an impact that lasts a lot longer than mailing out a marketing slick or handing out a business card.”

The Clevyr Stories pop up marker also has hot air balloons, and there’s plenty of blue sky for all of them.

Dr. Michelle Keylon
Francis Tuttle Technology Center

Dr. Michelle Keylon became Superintendent/CEO of Francis Tuttle Technology Center in July 2019. Prior to that, she served as Deputy Superintendent/COO and was responsible for the comprehensive leadership and alignment of critical district administrative functions, including: instruction; business and industry services; facility management and development; information technology services; human resources; and campus safety.

Other roles at Francis Tuttle include: Associate Superintendent; Assistant Superintendent of Instruction; and Instructional Director for Information Technology programs. These positions included responsibility for assessment, curriculum, instruction, educational trends and initiatives, innovative practices, operations and facility management, and the implementation of a district-wide strategic plan, along with direct supervision of instructional and support staff.

Prior to her employment at Francis Tuttle, Michelle was State Program Administrator for the Business, Marketing, and Information Technology Education Division of the Oklahoma Department of Career and Technology Education. In that capacity, she provided leadership and technical support to approximately 400 programs in comprehensive high schools, technology centers, and skills centers to develop and maintain quality programs. She also served at Green Country Technology Center in Okmulgee, OK as Business and Computer Technology Instructor and Nighttime Adult Instructor.

Michelle holds a Doctor of Education degree in Educational Leadership from NorthCentral University, along with a Master of Science degree in Occupational and Adult Education from Oklahoma State University, and a Bachelor of Science degree in Secondary Education – Business Professions from OSU.

She is a member of Rotary Club 29 Oklahoma City, Leadership Oklahoma City Class 37, Edmond Sister Cities Committee, Leadership Edmond Steering Committee, and the Oklahoma City Chamber Education Policy Committee.

Francis Tuttle Technology Center information is available at francistuttle.edu

It’s holiday time! Hanukkah, Christmas, Kwanzaa and New Years Eve. As we come to the end of 2019 and begin 2020, it’s a time for reflection on the past year and excitement for the year ahead. But, we're only halfway through the 2019–2020 session of the Oklahoma Venture Forum. It’s been a great 6 months.

So far this year, we’ve had an unofficial theme of young entrepreneurs and proven success. We’ve heard from young people disrupting major industries and doing all the things that people always say "you can’t do that in Oklahoma". These young entrepreneurs can’t do it alone, so mentoring has been a big part of this session as well. This was one of the topics that you, the members and guest of OVF, asked for in our survey last year. 

Our meetings have also featured inspiring stories of career businessmen and women being highly successful, building thriving companies and having major exits. Once again, proving "you can do that in Oklahoma". This goes all the way back to our keynote speaker for the OVF Chairman's Award for Economic Impact in 2018 Piyush Patel.

In the holiday spirit, I want to give you all a few well wishes in 2020:

• Health, Happiness and Prosperity - More important than success or wealth is being able to enjoy the most important parts of our lives, our families and friends. Let’s all continue to focus on work/life balance in 2020. 

• Community, Collaboration and Commitment - A rising tide lifts all boats. Let’s continue working together with entrepreneurs and business professionals all over the state to create economic opportunities for as many Oklahomans as possible. 

• Education, Understanding and Opportunity - By meeting each other, bringing guest with you to OVF meetings and embracing the valuable lessons / opportunities of our presenters we can continue to make a positive impact in the Oklahoma economy and entrepreneurial ecosphere.

• Joy To The World! - No explanation needed.

• Bonus: An NBA World Title for the Oklahoma City Thunder, a college football National Title for the Oklahoma Sooners and many Top 10 rankings for our state. Set your goals high and expect the best. 

I look forward to 2020 in so many ways, and I hope you do as well. Let’s all work together to create opportunities, share knowledge and raise the tide that will lift all boats in our Oklahoma lakes, rivers and beyond. Happy holidays to all! See you next year. 

A New Golden Age For Oklahoma Business? 

We just might be living in one of the most exciting and transformative times in Oklahoma's economic development history. Many positive signs point to this being a new golden age of business in our state. Our proverbial ducks are lining up in a row. 

It's been said for years and years that Oklahoma was missing key elements to be a true entrepreneurial hotbed. In true chicken/egg fashion, Oklahoma didn't seem to have enough funding sources and/or investable startups to support "serious" venture capital action from outside the state.

But what about local money? What were successful Oklahomans doing with all of the profits from energy (oil/gas) or other traditional midwestern business profits? They were investing in more oil/gas or real estate but not tech, biomedical or anything radically new or disruptive.

This is not the case today. Right now, in this potential new golden age of business, the Oklahoma business community has increased funding sources, changed attitudes about how/what business types to invest in and created a wide field of potential startups, partnerships and investable businesses. This was the vision of the Oklahoma Venture Forum founders back in the 80's. Today, we're seeing that groundwork, follow-though and continual pushing in the right direction pay off hard-earned dividends.

In this golden age, we have a variety of funding source options. Traditional lenders, angel investors, venture capital and public/private partnerships supplemented with online resources such as crowdsourcing, sweat equity partnership and micro-loans. We also have an entrepreneur support system of incubators, accellorators, co-working, professional groups, networking opportunities, business plan competitions and recognition events like the OVF Venture Of The Year / Most Promising New Business (shameless plug).

We also had to make changes. We had to inform and educate each other. We had to change laws and regulations. We had to get outside of traditional comfort zones. We had to experiment and fail - so we could learn and improve. We had to create opportunities where there previously were none. We had to reward those who took a risk and celebrate the attempt, not just successful outcomes. 

Now, we have success stories. It's one of the biggest indicators we're on the right track and a big part of building even more success in the future. We have watched startups evolve into thriving businesses, reinvented failing corporations, modernized traditional sectors, solved problems no one else in the world could solve, created entirely new industries full of opportunities in our state and ultimately rewarded founders and funders with fruitful exits. Taking the risk can lead to rewards.

These are exciting times for business in Oklahoma. Is this a new golden age? Only time will tell. Like the song says: "you're doing fine Oklahoma" so let's keep it up!

OVF Member Highlight

Alice Frentz, Managing Partner of Cortado Ventures

A seasoned emerging markets strategist and senior executive with over three decades in corporate finance, M&As, LBOs, venture capital and entrepreneurial endeavors, Alice has direct C-Suite experience on “both sides of the table”. Her knowledge extends across multiple sectors domestically and globally, with immersion and industry expertise in telecommunications and media, emerging technologies and online web-based platforms.

As CEO of a diversified investment holding company in Phnom Penh, Alice helped introduce automotive and hospitality global brands to Cambodia and opened market access for several of her private sector consulting clients to Laos and Myanmar. Alice has mentored entrepreneurial teams in Asia and the U.S. inspiring them to develop sustainable solutions and strategic alternatives to expand capacity, leverage existing resources, align core competencies and drive scalable growth trajectories to meet investor expectations.

Managing Partner of a newly formed state-wide Oklahoma early stage fund, Cortado Ventures, Alice was appointed to the Oklahoma Venture Advisory Council, where she serves on its Capital Access and Investor Relations Working Group.

A team mentor with Oklahoma Entrepreneurship Mentoring Program (OKEMP), she is a member of Leadership Oklahoma Class XII, served on Governor Frank Keating’s Task Force on Capital Formation, as director/officer of OVF and on the Oklahoma Business Finance Committee of Oklahoma Technology Development Corporation (now i2E).

Alice also is an Executive Partner with Magellan, a strategic leadership consultancy in Oklahoma City. Alice holds a BA in Politics/Economics from Boston University and an MBA in Finance and Corporate Strategy with High Distinction from Babson’s Franklin W. Olin Graduate School of Business. An avid traveler, Alice delights in discoveries near and far!

Pitch Presenter

Mimosa Health

OK Entrepreneur Mentor Program Participant

Mimosa Health was established in May 2017 with a mission to provide expert advice on the use of medications by older adults.  We have specialized knowledge in geriatrics and the unique medication-related needs of the senior population. We help seniors  reduce medication-related problems, reduce healthcare costs, and improve their quality of life through our community medication education seminars and personalized senior health services.

DECEMBER POWER LUNCH:

Ventures as Tools:
Building the Oklahoma Entrepreneur Mentoring Program with Douglas Sorocco

Written by Lori Williams

Did you know that Douglas Sorocco, owner of Dunlap Codding in Oklahoma City, isn’t just an intellectual property attorney, PHOSITA blogger, chemist, visionary, social entrepreneur, and creator of DC on Film Row? He’s also one of the volunteer co-directors of the new Oklahoma Entrepreneurship Mentoring Program (OKEMP). Modeled after MIT’s Venture Mentoring Service (MIT VMS), OKEMP matches an entrepreneur with a team of unbiased, experienced mentors.
“Entrepreneurs always talk about needing a pitch deck,” says Mr. Sorocco, “but I want them to know the story they’re teaching in that deck. I tell them, ‘Print it out. Use a highlighter. Draw it up.’”
With a fountain pen in one hand and a Moleskine® in the other, Sorocco does just that. “My best ideas begin with doodling on paper,” he says. “I’m a chemist, so I love process flow.”
It’s no wonder, then, that Sorocco relishes the process inherent in the OKEMP model. He calls it “a longitudinal kind of support.”
“This type of commitment is what’s been missing in Oklahoma,” he says. “OKEMP provides mentoring teams who follow entrepreneurs throughout their whole career. Because true entrepreneurs don’t stop with just one idea.”
But when Sorocco came to Oklahoma 23 years ago, he soon noticed what wasn’t missing: “There’s a character trait here that you can do anything and your failures don’t follow you,” says the businessman and world traveler. “I have a lot of clients in Germany, and they love the idea of the West, the musical Oklahoma, the
prairie. When they meet me, they act like I’m a rock star or a mythical type figure.”
“I have to explain to them, ‘No, it’s just kind of a normal thing. We try new things, but if it doesn’t work out that doesn’t mean we can’t try again.’”
That type of innovation is apparent with OKEMP’s inaugural group of five entrepreneurs. Ideas with potential for positive social impact are well represented: Actovos, created by ittybam, seeks to streamline the connection between child welfare workers and possible foster parents. Another company, ITOT, already has a prototype for a handgun trigger lock that is biometrical and practical.
“One of the beauties of the program is that, no matter where the entrepreneurs are in their life cycle, they’re getting matched up with mentors who can offer unbiased, unconflicted advice.”
What mentors also offer is access to their experiences as successful entrepreneurs, delivered during regularly scheduled 90 minute meetings. “There is a curriculum,” explains Sorocco, “but it is driven by the entrepreneurs who are coming with questions and concerns.”
“For example, the first entrepreneur may already have a prototype without ever looking at markets. So it’s backwards! So the mentor helps identify who’s going to buy the product. Whereas the second entrepreneur may be a programmer who’s never sold anything. So the mentoring team teaches how to develop relationships that don’t seem too transactional.”
“What I love most about the MIT VMS Program,” says Attorney Sorocco, “is that it uses the venture as a tool to build up the entrepreneur.”
“Most entrepreneurs are going to fail with their first or second company. What we need for them to do is learn along the way so that when they get to number three or four, they’re more likely to succeed.”
Spoken like a true rock star, Mr. Sorocco. No myth about it.

Chairman's Perspective 

Kyle Golding

Admit it, how many times have you heard this: “You can’t do that in Oklahoma. There isn’t the infrastructure, talent, funding, experience, etc…. in Oklahoma.“ If you have lived in our great state for more than a week, then you have heard at least one version of this myth. 

If you’re like me, proving these misguided theories wrong is greatly satisfying. Prime examples of this are the two businesses we learned more about at our October meeting: CareATC and ePathScreen.

CareATC is very successfully disrupting the behemoth employee healthcare insurance industry. A truly impressive feat, which earned the founders and CEO Phil Kurtz a massive payout for sale of 85% of the company. Kurtz background and experience are on par with anyone in the country (or world). Partnering with I2E was just one of the many great ideas Kurtz brought to CareATC as CEO.

Our Pitch Presenters ePathScreen are tackling cancer diagnosis via better imaging software. There is great potential for this Oklahoma company to help medical professionals save lives in the future. How exciting is that?

As members of the Oklahoma Venture Forum, we know these misconceptions about business in our state are just simply not true. OVF is on the front lines of pushing back on outdated ideas of that a business can only be successful when launched or operated on the East Coast or in Silicone Valley. In fact, the trend we’re seeing today is Oklahoma is prime to become the “Silicone Valley of the Midwest” thanks to the talents, collaboration and successes of Oklahoma companies, business leaders and investors. 

Working together is more important than ever. We have everything we need right here, right now. Every time you attend an OVF event, look around the room at the members, guest and speakers. Everything an Oklahoma business would need - from Startups to International Corporations - is right there, available to all of us. Let’s get to work making Oklahoma a Top 10 state for business success.