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5.0. EDSR 03-11-2002
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5.0. EDSR 03-11-2002
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City Government
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3/11/2002
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Item # 5 <br /> • <br /> city <br /> ikk <br /> River <br /> MEMORANDUM <br /> TO: Economic Development Authority <br /> FROM: Heidi Hall, Economic Development Assistant <br /> DATE: May 13, 2002 <br /> SUBJECT: Business Incubator Application: KnowledGenetica, Inc. <br /> Attachments <br /> • Application & Product Descriptions - KnowledGenetica, Inc. <br /> • Business Incubator Advisory Committee May 2, 2002 Minutes <br /> • Elk River Business Incubator Member Company Selection Guidelines <br /> • Issue <br /> KnowledGenetica, Inc. has submitted an application for consideration of admittance to <br /> the Elk River Business Incubator Program. The company would like to lease <br /> approximately 2,000 sq. ft. of space in the Incubator for its business offices, business <br /> data center, technology library, and product development and testing center. Joe <br /> Roushar, Chief Technology Officer, will be in attendance to answer any questions the <br /> EDA might have. <br /> Background <br /> The company is developing a universal human language translator that will be utilized <br /> through computer software. The software has a number of key applications for <br /> commercial, government, military, and personal use. The patent for the company's <br /> technology was filed on May 2, 2002. <br /> Mr. Roushar will present to the Elk River Investment Club and the Anoka/Sherburne <br /> County Capital Fund on May 13th at 3:30pm. <br /> The Business Incubator Advisory Committee reviewed KnowledGenetica, Inc.'s <br /> application on May 2, 2002 with a finding that the applicant met the program <br />
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