5.0. EDSR 03-11-2002 - Laserfiche WebLink

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. to the average consumer. 1'n'Done brings speech enabled interactive voice response systems to call centers, Polyglot translates text from one language to one or more other languages with near-human accuracy, and Kaeli, a wearable computing device, is described by Mr. Roushar as "a palm computer on steroids". Financing Inquiries were made concerning the financial aspects of the company. Mr. Roushar answered questions regarding KnowledGenetica's projected 2004 revenue and potential investors. Mr. Roushar mentioned that he is currently working to schedule a presentation for the Elk River Investment Club and the Anoka/Sherburne County Capital Fund. Employees Cathy Mehelich asked about the types of employees that KnowledGenetica is planning to hire once the company has potentially moved into the Incubator. Mr. Roushar said that several semi-skilled computer software designers would be hired. The projected number of initial employees will be two full time and four part time employees. After six months, there will be eight full time and four part time employees. At the end of one year there will be twenty-four • full time and four part time employees. Space/Electrical Needs Mr. Roushar feels that Suite 120 would best fit the company's current and future space needs. The suite also appears to be wired for adequate computer access. Larry Hickman agreed to work with the EDA to amend the current Incubator lease since the EDA currently does not lease Suite 120. Recommendation Advisory Committee members Larry Hickman, Louise Kuester, and Jeff Gongoll recommended that the EDA consider KnowledGenetica, Inc. for admittance into the Business Incubator Program.