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Frankel Commercialization Fund - Advisors

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Frankel Advisors
The Frankel Fund is directed by a board of advisors who are selected based on their in depth industry experience, experience founding and growing early stage companies, and or experience investing in early stage companies. The advisors serve as strategic advisors to the Frankel Fund as a whole and, based on the background of the advisor, as an advisor to one of the four Frankel Fund Teams. By complementing the experience of the Frankel Fund Team members, the Frankel Fund Teams are able to provide a very deep level of technical and business management expertise to the start-up companies in which they invest.

Tom Porter, Managing Director
In addition to his role as managing director of the Fund, Tom is general partner for Trillium Ventures in Ann Arbor. He has a broad range of experience in founding, managing and advising successful technology growth companies over a thirty-year period. Tom co-founded and is a general partner emeritus in EDF Ventures, an Ann Arbor-based venture capital firm investing in early-stage market-driven companies in health care and information technology.

Technology Advisors

Jim Adox, Managing Director, Venture Investors of Wisconsin
Jim is Managing Director of Venture Investors LLC, and heads up the firm’s Ann Arbor, Michigan office. He focuses on the firm’s Information Technology practice, works with the Venture Investors Health Care Managing Directors on medical device investments, and is the primary contact for all deals in Michigan for the firm. Jim also serves on the boards of Incept BioSystems and the Ann Arbor IT Zone. Jim earned a Bachelor of Science in Mechanical Engineering, a Master of Science in Mechanical Engineering, and a Master of Business Administration with High Distinction – all from the University of Michigan.

Lindsay Aspegren, General Partner, North Coast Technology Investors
Lindsay Aspegren is a co-founder and general partner of North Coast Technology Investors where he has led investments in Avidimer Therapeutics, Inc.. Gema Diagnostics, Inc. and Virtela Communications, Inc., among others. Prior to North Coast, Lindsay was a co-founder of Chromatic Research, Inc., a fabless semiconductor company. He also held a number of executive positions at Lotus Development Corporation, Approach Software Corporation and Everex Systems, Inc. Lindsay began his career with Goldman, Sachs & Co. where he worked in Corporate Finance with emerging technology clients. Lindsay received his M.B.A. from the Harvard Graduate School of Business Administration and his BA from Yale University. He also attended the London School of Economics.

Gregg Hammerman, Team Leader, Product and Business Development, GloStream
Greg serves as Team Leader, Product and Business Development for GloStream, an early stage company providing doctors with certified, voice-enabled Microsoft Office-embedded electronic medical record and practice management solutions. He serves as liaison between gloStream’s development and enablement teams and is responsible for managing gloStream’s relationships with industry groups such as the Health Information Management Systems Society (HIMSS) and the Electronic Health Record Association (EHRA), while simultaneously looking for additional partners and revenue streams. Prior to joining gloStream, Gregg co-founded and served as President of TechStreet, a Web site that provides engineers, librarians and technical professionals with efficient, convenient, reliable access to mission-critical industrial codes and standards. Techstreet's Web-based tools and services help users efficiently acquire and manage information resources. Through an e-commerce Web site and Web-based subscription service, customers can freely access an online database of over 300,000 industry codes and standards aggregated from 350 of the world's leading Standards Developing Organizations (SDOs.  TechStreet was acquired by Thomson Reuters.  Gregg received his BSE  and MBA from the University of Michigan where he also was a Frankel Fellow.

David Hartmann, President, Arbor Blue
Dave is currently the co-founder and President of Arbor Blue, an emerging technology company. Dave most recently served as Vice President and General Manager of Convergent Systems and Corporate Development for Sycamore Networks. He is an accomplished senior executive with successful experience in technology company startups, turn-around and public companies with extensive business development and operating experience in computing and communications technology. His experience includes the founding and management of a first wave internet equipment company from startup to IPO in 5 years. He then sold the business to a larger public company for $100 million. Dave has also had success unlocking the value of a semi-publicly held high technology company by creating a strategic plan to drive the next-step corporate investment strategy. The business grew 45% Y/Y with this new strategy and was acquired for $80 million.

Al Kortesoja, Formerly Capgemini/Ernst & Young
Al is a former vice president of the Critical Technologies Group at Capgemini/Ernst & Young, most recently focusing on enterprise integration services and the development of eCommerce strategies. He has extensive experience in the software, automotive, telecommunications, financial services and health care insurance industries. Al is currently an independent management consultant and an adjunct professor at the University of Michigan's computer science department.

Chuck Salley, Investor
Chuck Salley is an experienced entrepreneur who has founded two technology based companies and previously led information technology sales teams. He is past President of the Ann Arbor IT Zone and founding Executive Director of the Ann Arbor SmartZone Business Accelerator. He co-founded with Kurt Riegger, Entrepreneur Boot Camp and he continues to facilitate and teach this seminar semi-annually for Ann Arbor SPARK. He advises early stage technology companies and is a member of several Advisory Boards including the Frankel Fund at UM Ross Business School.

Medical Technology/Life Sciences Advisors

Mary R. Flack, Vice President, NanoBio
Dr. Flack has nearly 20 years of clinical research experience at the NIH and in the pharmaceutical industry. Before joining NanoBio in 2002, Dr. Flack was Clinical Director of Endocrinology and Women’s Health Care at Pfizer (formerly Parke-Davis/Warner Lambert) where she was responsible for clinical development of pharmaceutical products for osteoporosis, hormone replacement therapy, fertility and contraception. She directed the completion of multiple clinical studies (Phases I-IV), leading to four approved NDA submissions, and has extensive experience with three different divisions of the FDA, including dermatology, endocrinology and reproductive health.

Larry Hagerty, President, MedAptus, Inc.
Larry is currently President of MedAptus, Inc., a healthcare software company focused on revenue cycle management applications. Larry is a recognized leader in the healthcare information industry and, earlier in his career, successfully led Ann Arbor-based Medstat through tremendous growth as the company's President and Chief Executive Officer. Medstat’s track record as a public company, prior to its later acquisition by Thomson Reuters, was recognized by the company’s inclusion on the Forbes’ Corporate Honor Roll and Business Week Best Small Companies lists. Larry has also held executive and management positions with R.L. Polk & Co., The Carroll Group, Hoover Universal, Gould, and Arthur Andersen & Co. He has participated as a board member for numerous for-profit and not-for-profit organizations.

Kalyan Handique, V.P. R&D Systems Development, Becton Dickinson
Kalyan Handique (Ph.D.), present VP of R&D Systems Development at Becton Dickinson (BD) Diagnostic Systems, played a pivotal role in forming the vision, the core technical team as well as envisioning the positive, vibrant culture of a start-up called HandyLab. HandyLab, a molecular diagnostic company, was recently acquired by BD in a landmark deal valued at above $275 Million. Prior to working at BD, Kalyan served as the CTO and board member for HandyLab, which he co-founded in 2000 during his Ph.D. in microfluidics at University of Michigan. Under his leadership, the highly motivated HandyLab team successfully launched a series of integrated molecular diagnostic products in the hospital testing market. He is the author of numerous journal articles, such as in Science, as well as the inventor of over 50 patents and patent applications.

Michael P. Kurek, Partner, Biotechnology Business Consultants
Mike Kurek is currently a partner at Biotechnology Business Consultants (BBC) in Ann Arbor. Over the last 25+ years, he has held senior management positions in marketing, sales and business development for a number of life science companies—two of which completed successful initial public stock offerings. As Vice President of Business Development at the Michigan Center for High Technology, he was responsible for the business incubator program that served more than 50 start-up technology companies. He holds a Ph.D. in Genetics from Florida State University and an MBA from Boston University. Mike currently serves on the Board of the Michigan Biosciences Industry Association, MichBio.

Paul McCreadie, Senior Associate, Arboretum Ventures
Paul McCreadie is a Senior Associate at Arboretum Ventures, an early stage venture capital firm specializing in the Healthcare sector. Paul's efforts are focused primarily on reviewing new investment opportunities and providing operational support to Arboretum's portfolio companies. He currently serves as a board observer for NeoGuide Systems and VasoNova. Prior to joining Arboretum Ventures, Paul worked for eight years at Ford Motor Company in various capacities of new product development and business strategy. His experience at Ford culminated with his appointment to the Product Development Leadership Program after receiving his MBA in 2003. While an MBA student at Michigan's Ross School of Business, he was a member of the Wolverine Venture Fund (WVF), where he worked with Tim Petersen. Paul was the company liaison for IntraLase, the WVF's most successful investment to date, which was acquired by American Medical Optics in 2007.Paul sits on the steering committee of BioArbor, a monthly educational networking forum for the life science industry in the greater Ann Arbor area. Paul earned a BS and MS in Mechanical Engineering from the University of Michigan and an MBA from the Ross School of Business at the University of Michigan.

Gerard P. Spencer, Retired Partner, Arthur Andersen
Gerard has spent most of his career (28 years) as a partner at Arthur Andersen. While at Andersen, he specialized in technology based clients (8 IPO’s and numerous financings), small and medium sized manufacturing and service companies, and Japanese transplants. He was the manager of the Emerging Company Business for Arthur Andersen’s Michigan Region and manager of Andersen’s Ann Arbor office. Following Arthur Andersen, Gerard became CFO of a $50 million sales manufacturing company. As CFO of the manufacturing company, he was instrumental in increasing per share value 4 times in three years after more than a dozen years of no growth. He then oversaw the sale of the company. Gerard has served on numerous boards of directors during his career. He received his MBA from the University of Michigan and a BA from Ohio Wesleyan University.

Cleantech Advisors

Peter Adriaens, President, Global CleanTech, LLC
Peter Adriaens (Ph.D., P.E.) is president of Global CleanTech, LLC, a clean technology consultancy and executive education firm with ties in the US, Europe, Taiwan, China, and Africa. Established in 2006, the company is involved in cleantech patent consulting, technology validation, and value chain/strategic analysis of cleantech products and startups. The firm's technical expertise covers drinking/waste water treatment, energy-water nexus, green building infrastructure, and energy emissions technologies. Adrianens' expertise is based on 25 years of fundamental and applied technology research as a Professor in Civil and Environmental Engineering, 12 years as an in-house strategic consultant for LimnoTech , and 3 years as an instructor and advisor with the Zell Lurie Institute for Entrepreneurial Studies.

Michael H. Edison, Associate, M&A and Strategy, DTE Energy Resources
Michael is an Associate at DTE Energy's non-regulated business unit, DTE Energy Resources, headquartered in Ann Arbor. Michael is currently working with a team focused on developing and executing a renewable energy growth strategy for DTE Energy Resources. Prior to joining this group, Michael was part of DTE's MBA rotational program with assignments focused on coal asset acquisitions, carbon project development and trading, and on-site renewable energy project development. Michael is a Frankel Fund alum and is a co-founder of the Frankel Fund's Clean Tech team. Michael received his MBA and MS in Natural Resources and Environment from UM, as well as a BS in Chemical Engineering.

Kim Pargoff, Director of Strategic Partnerships, Cleantech Group, LLC
Kim Pargoff has served as the Director of Strategic Partnerships with Cleantech Group, LLC since 2007.  Kim develops and manages new business development and key strategic relationships for Cleantech globally. Prior to Cleantech, Kim worked as Clean Energy Policy Director for an NGO in Michigan and Washington D.C. and worked in Business Development in the alternative energy industry as Sales and Business Development Manager with Capstone Turbine Corporation.  At Capstone Kim developed and managed core accounts such as Chevron Energy Solutions and United Technologies Corporation (UTC Power & UTC Fuel Cell). She has worked on sustainability assessment and improvement projects with the California EPA and the California Motion Picture Industry and Walt Disney World Resorts. Kim also has over 4 years experience in high-tech and strategy consulting with Diamond Technology Partners and Accenture working in the telecommunications and financial services industries with high-tech start-ups and large clients such as Goldman Sachs, T-Rowe Price, Alltel, Bell Mobility, and Telefonica SA. Kim has a MBA from the UCLA Anderson School of Management where she also obtained a Certificate in Corporate Environmental Management and Sustainability in Business from The Bren School of Environmental Science and Management at UC Santa Barbara. Kim has a Bachelors of Engineering from the University of Michigan, Ann Arbor with a focus on Industrial and Environmental Engineering.

Consumer Advisors

Frank Legacki, Director, Fletcher Spaght Ventures
Frank Legacki is a Director of Fletcher Spaght Ventures, the venture capital division of Fletcher Spaght, Inc. He joined FSV in December, 2008 to establish the firm’s Michigan office. Frank Legacki was Senior Vice President of Rosebud Solutions, a healthcare specialty software firm in Ann Arbor, MI, which was acquired in 2008 by McKesson, Inc. Mr. Legacki joined Rosebud Solutions in December 1997 and is one of the founding investors. Prior to Rosebud Mr. Legacki was President and CEO of Kaepa, Inc., a high performance athletic footwear company that focused on niche athletic footwear markets. Mr. Legacki led the LBO of Kaepa from Wolverine World Wide, Inc., and sold the company to Umbro in 1996. Mr. Legacki was also President of the Andover Consulting Group,Vice President of Marketing at Converse, Inc. and Managing Director of The Strategic Consulting Group of Marketing Corporation of America. Mr. Legacki received his BA and MBA from the University of Michigan at Ann Arbor in 1962 and 1964, respectively. As a former varsity swimmer at the University of Michigan, Mr. Legacki was a five time national champion and captained the 1961 U of M National Championship team. He was inducted into the U of M Athletic Hall of Honor in 1995.

David McCann, National Small Business Development Team, Google
Dave McCann heads the National Small Business Development Team at Google in the Ann Arbor office. The team focuses on understanding and providing customer support for the thousands of small and medium businesses that use Google AdWords. Dave previously served as a manager providing support to key business-to-business advertisers in Google’s Business and Industrial Markets Vertical. Prior to Google, Dave was a Treasury Analyst at Ford Motor Company. In this role, he developed funding plans for the Canadian, Australian, Mexican and Brazilian markets. Dave received his MBA from Harvard Business School and his BA in Finance from Michigan State.

Joshua Pokempner
Joshua Pokempner is a recovering Architect and a founder of Architects Four where he worked until launching a series of award winning consumer product companies. With a dedication to products that are clever, innovate and fun, Giddy Up!, Color Loco, Flying Colors Toys and Colorbok Paper Products, where founded and eventually successfully sold. The companies continue to thrive and serve the mass and specialty stationery, children’s toys and publishing markets. Currently Josh is dividing his time between product design at Giddy Up!, which is now part of Elmer’s Products, Inc. and involvements with several nonprofit organizations.

Phil Roos, Managing Director, GfK Strategic Innovation
Phil leads GfK Strategic Innovation (GfK SI), the practice area formed by the acquisition of Arbor Strategy Group (ASG). Phil founded ASG in 1998, creating a consultancy with recognized expertise in strategic brand innovation, creative ideation, concept development and delivering actionable growth strategies. While guiding ASG, Phil’s thought-leadership and expertise led to the development of a ground-breaking model that deciphers innovation patterns and category evolution, from which highly-viable future opportunity space can be identified for clients. Prior to ASG, Phil began his career in the early 1980’s as brand manager for Quaker’s Gatorade brand. His success led Phil to form The Discovery Group, a strategic marketing consulting firm. He later joined Delicious Cookie/R. W. Frookie, Inc., as VP of Marketing. Within two years, Phil was appointed President and led a company turnaround. He has also served as senior VP of Marketing for Little Caesars, and as CMO of Frank's Nursery & Crafts positioned the company for sale. Phil has been featured in several publications for his innovative work including The Wall Street Journal, Chicago Tribune, AdAge and Brandweek, and has also presented his perspectives on innovation at numerous conferences and forums. Phil earned a BBA from Michigan and an MBA from Harvard. He is also a Certified Public Accountant.

Robert Wolfe, Founder, Crowdrise
Robert graduated from the University of Michigan in 1992 and didn’t feel like going to law school so he founded Moosejaw, a high-end outdoor apparel and equipment retailer. Robert grew Moosejaw from an 800 square foot retail store in Keego Harbor, Michigan to one of the world’s leading outdoor, multi-channel retailers with $40 million a year in sales through its seven retail shops, five websites, and mail order catalogs.  Moosejaw was named an Internet Retailer Top 100 Website (2008 and 2007) and an Ad Age Top 50 Marketer (2008).  Robert has been recognized by Forrester Research, IBM, Bizrate, Ad Age, Internet Retailer, New York Times, New York Times Magazine, and Entrepreneur Magazine as an innovator in social commerce, crowdsourcing, creative marketing, emerging technologies and other nice sounding things. More recently, Robert was the architect of Edward Norton’s Maasai Marathon fundraiser. The campaign, which raised $1.2 million in eight weeks for the Maasai Wilderness Conservation Trust, was notable for driving small donations through compelling promotions and authentic communication. In March, 2010 Robert launched Crowdrise. Crowdrise is a social networking and crowdsourcing site for Volunteers. The goal at Crowdrise is to make volunteering and fundraising fun.


Ken Nisbet, U-M Office of Technology Transfer
Ken is the executive director of the Office of Technology Transfer and has strategic and operational responsibilities for all technology transfer activities at the University. He has more than 20 years of experience in the commercial sector in engineering, finance, marketing and management. Ken also was a co-founder and president of Memorybank Inc., a storage systems provider.

Michigan Business School