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• We have two solid new prospects for the incubator program at this time-both <br /> of which are not deterred by the lack of immediately available funding from <br /> these two sources: <br /> -Intellipatch, Inc. <br /> -Lap2, Inc. <br /> Intellipatch, Inc. has developed a pulse tracking wristwatch with a great <br /> number of additional capabilities to be deployed as funding permits. The <br /> CEO/Founder of the company is Mr. Mike Geatz. An executive summary of the company has <br /> • been forwarded to the Elk River EDA and to the ASCCF and to ERIC as well. This <br /> company only needs about$25,000 to get its molds ordered in the Far East. It <br /> is likely that they company will wish to enter the incubator program prior to <br /> the receipt of any funding commitments. Further, it is likely that the <br /> company will find one business angel quickly and then be ready for business. <br /> Lap2, Inc., is a new company founded by Mr. Rob Henningsgard who lives in <br /> Elk River. He was formerly with Cirus Controls,LLC of Brooklyn Park, Minnesota. <br /> And he also worked with Fast Technologies, a company that had offices in Elk <br /> River near the post office. <br /> • Rob intends to focus his new business on the software that will be needed to <br />