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MEETING OF THE ELK RIVER <br /> BUSINESS INCUBATOR ADVISORY COMMITTEE <br /> HELD AT THE ELK RIVER BUSINESS INCUBATOR CONFERENCE ROOM <br /> THURSDAY, MAY 2, 2002 <br /> Members Present: Jeff Gongoll-EDA Representative, Louise Kuester-EDA/Council <br /> Representative, Larry Hickman-Business Incubator Partner & EDA Landlord <br /> Members Absent: Stephanie Klinzing-EDA/Council Representative,Jim Barthel-Small Business <br /> Representative, and Jack Mowry-Small Business Representative <br /> Staff Present: Director of Economic Development Catherine Mehelich and Economic <br /> Development Assistant Heidi Hall <br /> Others Present: Joe Roushar and Warren Herreid-KnowledGenetica and Harlan Jacobs- <br /> Genesis Business Centers <br /> • KnowledGenetica, Inc. <br /> Presentation: Joe Roushar, KnowledGenetica Chief Technology Officer <br /> Mr. Roushar provided the Committee with personal background information, the history of <br /> KnowledGenetica, and future projections for the company. In detail, Mr. Roushar explained <br /> the company's symbol (logo), vision, mission, products, involved people and partners, <br /> technical aspects, financing issues, and timeline. <br /> Questions and Answers <br /> Competition <br /> Mr. Roushar explained that most of the company's competition, such as technology being <br /> developed in Japan, is several years behind the technology currently being developed by <br /> KnowledGenetica. The patent for the company's technology was filed on May 2, 2002. <br /> Customers/Products <br /> Mr. Roushar explained why UnitedHealth Group, Inc. is one of the company's top potential <br /> customers and further clarified the three company products (1'n'Done, Polyglot, and Kaeli). <br /> • 1'n'Done and Polyglot products will appeal to corporate customers, whereas Kaeli will appeal <br />