Small Business Works Seminar Set for May 21

The second annual Small Business Works seminars – aimed at empowering and educating small business owners – will kick off at 9 a.m. on May 21, 2012 at the Kingsley Association in East Pittsburgh.

The event will be hosted by Building Bridges for Business, the County of Allegheny, the City of Pittsburgh, the Center for Women’s Entrepreneurship at Chatham University and Duquesne University’s Small Business Development Center. Small Business Works will provide education on the necessary steps to obtain capital. Learn from our nationally known expert speaker on HOW to apply successfully for a business loan.

Information will be provided on:

• What are the basic steps and information needed in applying for a loan?

• The hidden obstacles in the loan application process and how to overcome them.

• Sources and types of capital.

• We walk you through filling out a sample loan package.

The event will also feature resources that will offer growth opportunities for attendees.

“Small businesses are really the lifeblood of our economy and their impact and importance has really been seen in this tight economy,” said Allegheny County Executive Rich Fitzgerald. “Offering programs like this helps to eliminate the barriers that small Building Bridges for Business Small Business Works Seminars 2012 — 2 companies face and empowers and educates them so that they may take advantage of the opportunities that exist.”

“Small businesses are essential to our neighborhood business districts and their success and growth is key to maintaining a livable and vibrant City,” said Mayor Luke Ravenstahl. “Through opportunities like this, we hope to help small business owners and aspiring entrepreneurs achieve success by educating them on the many tools and existing programs that are currently available.”

The Kingsley event will be the first in a series of other Small Business Works seminars in various Allegheny County neighborhoods set to occur in 2012. Each event will provide access to education and regional business resources. Major sponsors for the Kingsley Small Business

Works seminars include: Brunnhuber and Associates, Comcast Business Class, Enterprise Rent-A-Car, Pittsburgh Business Times, Pittsburgh Venture Capital, Staples, the Frankstown Road Giant Eagle, and Positively Pittsburgh Live. Find more information and to register for the event on Building Bridges for Business’ web site, www.buildingbridgesforbusiness.org.

“The event with Building Bridges is about giving financial options to the small businesses of Pittsburgh, Pennsylvania,” said Sue Malone keynote speaker for the May 21, 2012 event. Malone added, “The first thing we have to understand financing is still available for small businesses, both start up and existing businesses. We have all been through the economic down turn and have heard there is “no” money available. I will let you know, there is money available, it just takes a bit more effort to obtain the financing.”

TechVibe Radio to Feature PNC Bank and Highmark

Be sure to tune in to TechVibe Radio this Saturday at noon on FM News Talk 104.7.

This week, we’ll explore how both PNC Bank and Highmark rely on cutting-edge, homegrown technologies to better serve their customers.

Hosted by the PTC’s CEO Audrey Russo and Director Visibility Initiatives Jonathan Kersting, TechVibe is on the air every Saturday at noon bringing you interviews and conversations from the Pittsburgh region’s fast-moving technology and entrepreneurial communities.

Stream TechVibe Radio on www.wpgb.com or iHeart Radio.
Missed a previous broadcast? We have a massive library of podcasts right here.

TechVibe Radio is sponsored by Concert-oh!, EyeFlow, The Hartford, Sierra w/o Wires, PTC Employee Benefits GroupPittsburgh International Airport and Highmark Blue Cross Blue Shield.

U.S. Senator Pat Toomey to Address PTC Members

Public Policy Series: U.S. Senator Pat Toomey

Tuesday, May 29, 2012

1:30 PM – 3:00 PM

Location: Rivers Club, 301 Grant St #411, 15219
Please join U.S. Senator Pat Toomey on May 29th as he outlines the potential benefits of the recent federal jobs bill. As a member of the Senate Banking Committee, Senator Toomey played a key role championing several financial reforms aimed at removing barriers to capital by America’s fast growing start-up businesses. As an example, one of the provisions of the JOBS Act will allow small businesses to raise funding through crowd-sourcing strategies that enable entrepreneurs to offer equity for very small investments.

Don’t miss this opportunity to learn more about the JOBS Act and how it will propel America’s Small Businesses.

1:30 p.m. Registration and Networking
2:00 p.m. Program
3:00 p.m. Adjourn

Register here.

Going Global: Pittsburgh Technology Council Launches Export Program

Claudia Garcia Leads Up PTC's Export Program.

With an ever-increasing number of Pennsylvania technology and manufacturing companies looking to grow in global markets, the Pittsburgh Technology Council launched the Technology Export Initiative (TechExport) this spring.

The initiative is funded through a $200,000, two-year contract from the Pennsylvania
Department of Community and Economic Development (DCED), which was awarded a $1.7 million competitive grant from the U.S. Department of Commerce.

DCED selected the PTC to partner on TechExport to link clusters of technology companies to both state and federal export services. This initiative targets companies comprising the region’s key technology sectors like advanced manufacturing, IT, green energy and life sciences. The unique business needs of technology firms, including various international trade barriers, differ significantly from those of traditional manufacturers. At the same time, it is often critically important for technology companies to enter the international arena in earliest stages of their lifecycle.  For these reasons, the Pittsburgh Technology Council, in a joint effort with the Pennsylvania’s Center for Trade Development (CTD), has created the TechExport Program to better serve Pennsylvania tech firms seeking international growth.

Over the next two years, the TechExport Initiative intends to work with at least 100 companies, said Claudia Garcia, TechExport Director.

TechExport will:

• Provide personalized export counseling assistance free of charge.

• Help companies access federal money under the Global Access Program,
up to $5,000 in matching awards for qualifying companies to offset cost
associated with international growth.

• Introduce companies to currently available export assistance.

• Link regional companies with the services offered by the 21 PA trade offices strategically located throughout the world.

• Set up an Expert Hotline to provide regulatory support about export compliance, international certifications and legal advice.

• Publish a bi-annual, statewide magazine to provide exporting information, success stories and market opportunities.

• Promote trade event development (trade missions and trade shows) and Organize education and training events.

Garcia said TechExport is open to any technology/manufacturing company across Pennsylvania, and services are free under the grant.

“I’m excited to learn about the needs of our companies,” said Garcia. One of the key challenges, according to Garcia, is the lack of companies understanding all of the resources available to help them export. DCED has 21 offices around the world with resources on the ground ready to help Pennsylvania companies expand into those respective markets.

According to federal International Trade Administration data, Pennsylvania companies exported $41 billion worth of goods last year, up 17 percent from the previous year. Top export categories include chemicals, machinery, metals, computers and electronics and transportation equipment.

Get more information on the TechExport Initiative by contacting Claudia Garcia at 412-918-4202 or cgarcia@pghtech.org.

Picking the Brains of Strangers Improves Efforts To Make Sense of Online Information

People who have already sifted through online information to make sense of a subject can help strangers facing similar tasks without ever directly communicating with them, researchers at Carnegie Mellon University and Microsoft Research have demonstrated.

This process of distributed sensemaking, they say, could save time and result in a better understanding of the information needed for whatever goal users might have, whether it is planning a vacation, gathering information about a serious disease or trying to decide what product to buy.

The researchers explored the use of digital knowledge maps — a means of representing the thought processes used to make sense of information gathered from the Web. When participants in the study used a knowledge map that had been created and improved upon by several previous users, they reported that the quality of their own work was better than when they started from scratch or used a newly created knowledge map.

“Collectively, people spend more than 70 billion hours a year trying to make sense of information they have gathered online,” said Aniket Kittur, assistant professor in Carnegie Mellon’s Human-Computer Interaction Institute. “Yet in most cases, when someone finishes a project, that work is essentially lost, benefitting no one else and perhaps even being forgotten by that person. If we could somehow share those efforts, however, all of us might learn faster.”

The research team, including Kristie Fisher and Scott Counts of Microsoft Research, will present their findings May 7 at CHI 2012, the Conference on Human Factors in Computing Systems, in Austin, Texas.

They recruited 21 Microsoft employees for the study, asking them to create knowledge maps on three different subjects, one of which was to be created from scratch, one based on a map previously created by one person and yet another based on a map that had iteratively been modified by four other users. The participants took the least time to generate knowledge maps when they based them on iterated maps and self-reported that the quality and helpfulness of those maps were superior to those developed from scratch or from a map generated by a single person.

In most cases, the organization of the knowledge map, rather than any specific content, was most useful. For instance, two people looking to start a garden might live in different climates or settings, so the types of seeds they might plant could be different, but each would benefit from elements such as “design ideas,” “how to” and so on.

Using eye tracking, the researchers showed that as knowledge maps are modified successively by multiple users, new users spend less time looking at specific content elements, shifting a greater balance of their attention to structural elements like labels. “This suggests that distributed sensemaking facilitates the process of ‘schema induction,’ or forming a mental model of the information being considered,” Counts said.

But this structure did not start to emerge until a map had been modified at least once. This would explain why participants favored the iterated maps over the others, Fisher said.

One problem for distributed sensemaking is overcoming the “first iteration hump,” the researchers noted. Though the participants favored maps that had been improved by a succession of users, they also favored their maps created from scratch over those created by one other person. One way to get people to use newly created maps instead of making their own might be to pay them to modify another user’s map, or to require users to integrate some “first-round” maps before they are given access to the highly iterated ones. It may also be possible to use automated methods to produce maps that look more like maps that have been revised by multiple users.

This research was sponsored by the National Science Foundation, Microsoft and the Center for the Future of Work at Carnegie Mellon University.