CIE and SJTU DFW AA Business Forum “Participating in DFW Startups” – a success!

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reported by Dr. Tao Wang

The Dallas-Fort-Worth Chapter of the Chinese Institute of Engineers (CIE/USA-DFW), in partnership with Shanghai Jiao Tong University DFW Alumni Association (SJTU DFW AA), has successfully organized the 2013 Business Forum “Participating in DFW Startups” on Saturday, October 26, 2013, at Schimelpfenig Library in Plano between 1 – 5 pm. The purpose of the forum was to provide local Chinese engineers and those who are interested in technologies with an info platform of how to participate in technology startups and how to make time and monetary investment to startups.

The joint effort attracted professionals from one incubator (Tech WildCatters), six startups (HedgeChatter, ATCG Solutions, OoMI, AirOn and etc.) and one international law firm (Locke Lord) and more than 80 people from various fields of engineering industry including telecommunication, semiconductor, airline and IT.

During the event, the incubator representative, Program Director of Tech WildCatters, Stewart Youngblood was first invited to give a presentation about their business. He concisely introduced their support to the startups in respective phases tailored to how to help startups grow. The presentation was then followed by the founder of HedgeChatter, James Ross’s speech about their company business and experience of cooperation with Tech WildCatters. James’s company strives to provide a social network based on the stock market, which could leverage abundant information to offer better real-time financial analytics. The intriguing idea along with James’s humorous presenting fashion heated up the interactions between the speakers and audience. After that, representatives of ATCG Solutions, OoMI, AirON and etc. also respectively introduced the company business models and growing pains and gains. As the last presenter, the lawyer from Locke Lord, Tom Tong briefly introduced the legal fundamentals for starting up and running a company, especially related to transnational terms.

In the end, all the speakers composed a discussion panel answering questions such as how to start up a business, how to find the right partner, what resources can be utilized, how to assess the time and monetary investment to the business, how to calculate the shares of your investment and what legal issues should be considered.  Both the attendees and speakers agreed that this business forum offered a good opportunity for each other to communicate and make potential investment, and expressed great eagerness to have this event continued in the upcoming years.

The coordinator of the event was Michael Wang, and more than 20 enthusiastic volunteers supported the event organization. CIE/USA-DFW would like to acknowledge the partnership with SJTU DFW Alumni Association and the sponsorship by Texas Instruments.

For pictures can be found at: http://sdrv.ms/1aouqQ2

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