May 2, 2013
HeruTech, a Serra Capital Portfolio company, was recently featured in Builder & Developer Magazine. HeruTech has recently commenced delivery of their product, HercuWall®, to Meritage Homes, one of the nation’s largest production homebuilders.
To view the complete article, click here.
April 22, 2013
Tim Hoerr and Dennis Beard, Principals of Serra Ventures, both participated as panelist experts for the Entrepreneurship Forum at the University of Illinois on April 19. Tim paneled on the forum “Business Guidance to Launch Your Venture” and Dennis paneled on the forum “Funding Your Venture: Private Investment for Commercialization.”
The event showcased faculty/student entrepreneurship success stories, provided resources, and opened up a dialogue about the entrepreneurship climate at the University of Illinois. Many Research Park and EnterpriseWorks tenants and graduates were a part of the event.
April 22, 2013
Tim Hoerr and Dennis Beard, Principals with Serra Ventures, both participated as judges for the Cozad New Venture competition on April 12 and 13. Eight student startups competed for over $110,000 in funding and in-kind prizes, during the 13th annual competition.
The Cozad New Venture Competition (CNVC) is designed to encourage students, researchers, and community members to create new sustainable businesses in the Champaign-Urbana area. The competition encourages the development of the entrepreneurial spirit through teamwork and competition.
March 25, 2013
CityScan, a Serra Capital portfolio company, received positive press coverage on theverge.com, a high tech news website. To view the complete article, click here.
The current methods used by governments to inventory off-premise advertising for their municipal permitting, enforcement and out-of-home media planning efforts are both expensive and inefficient. Because of the expense and complexity of maintaining billboard databases manually, municipalities have fallen behind in billboard enforcement in the current financial downturn. CityScan’s solution takes advantage of the most advanced mobile terrestrial LiDAR, GPS, and imaging systems coupled with innovative rule-based extraction technology processes and analytics, allowing the company to deliver the most advanced outdoor intelligence currently possible.
March 22, 2013
Tim Hoerr, CEO of Serra Ventures, presented to the East Central Illinois SCORE chapter on Angel Investment on March 20. ECI SCORE provides workshops on a regular basis to serve the needs of the small business communities in Central Illinois. Tim’s presentation included topics on overall trends in angel investing, how angel investors source deals, how entrepreneurial companies are valued, typical deal terms, and angel involvement in companies after the deals are completed.