Wilmingtonbiz logo
Print
Technology

Local Innovators Hear Of Military Business Opportunities

By Jenny Callison, posted Mar 26, 2014
Jim Roberts hopes the audience at Tuesday’s Innovation and Entrepreneurship with the Military seminar heard the “opportunity” message loud and clear.

Roberts, director of the University of North Carolina Wilmington’s Center for Innovation and Entrepreneurship (CIE), invited three experts on doing business with the military to share information on how to get started.

“While North Carolina has been among the top three states with a military presence, it was among the bottom 10 states for doing business with the military,” Roberts said.

Brad Guay, manager of the Army Small Business Technology Transfer program, provided additional statistics.

“North Carolina is 10th in terms of state population, but it rates 18th per capita in terms of phase one proposals [to the ASBTT] and a proposal success rate of 13 percent – a ranking of 35th,” he told the capacity audience.

“I hope people were listening,” Roberts said after the seminar. “There’s lots of room for improvement.”

Guay outlined the kinds of technology-related business ideas the U.S. Department of Defense is looking for.

“The government is investing in over-the-horizon technologies that could be game changers," Guay said. "For example, we know that an octopus can change its coloration to match that of any environment. We’d like you to figure out how they do that.”

In addition to Guay, other speakers were T.A. “Mickey” Finn, strategic programs consultant for the N.C. Military Business Center (NCMBC), and John Panaccione, CEO of LogicBay and co-founder of Vet to CEO.

Finn told the audience that the NCMBC is likewise looking for products in areas such as big data, advanced analytics, cyber security, ground vehicles and robotics and bio technologies.

“We don’t care what you developed it for; we want to see what we can use. We buy everything that’s legal,” he said.

Panaccione – whose own business, LogicBay, is housed in the CIE – provided the perspective of a military veteran who has helped other vets start their own businesses through Vet to CEO. LogicBay, which employs only military veterans, has benefited from business programs available to veterans, Panaccione said.

Founded 12 years ago, LogicBay specializes in partner relationship management technology. Panaccione collaborated with the Marion Kauffman Foundation to develop Vet to CEO, which provides information, entrepreneurship training and a blueprint for startup development on its website.

Join The Discussion

Similar Stories

In The Current Issue

Developers Keep Close Eye On Streams, Wetlands Rule

A proposed rule updating the Clean Water Act has caught the attention of area developers and real estate brokers

Downtown’s Revitalization Pioneers

Over the years, change has been constant in downtown Wilmington. Three who have watched trends, businesses and initiatives come and go share...

Downtown: The Cycle Of Revitalization Accelerates

Downtown Wilmington has seen changes since its early days – from a center of commerce to downtrodden district to once more a destination aft...

Ico topnews Editor's Picks

Oleander Drive Sees Jump In Commercial Activity

Cece Nunn - Aug 29, 2014

School Districts Seeing Teacher Resignations, Other Impacts Of New Budget

Jenny Callison - Aug 28, 2014

Dosher Hospital Adds Numbers To Layoff News

Jenny Callison - Aug 28, 2014

Labor Finders Finds Larger Office Space

Cece Nunn - Aug 28, 2014
Mortgage Consultants

Union Mortgage Group

Our experienced and knowledgeable mortgage professionals will help you choose the right mortgage type that meets your needs. Customer service is our priority and your satisfaction is our goal. We stri ...more

Ico newsinimages News in Pictures

Have a tip, pitch or guest column?  Send us a tip.

Gallery Galleries

Video Videos

Power Breakfast Series - Special Sauce for Economic Development - March. 2014
WilmingtonBiz Expo Keynote - Ken Lowe - Founder HGTV, CEO Scripps Networks - March. 2014

Register to Continue Seeing Wilmington's Best Business Coverage!


There are three ways to register for free.

Sign in with LinkedIn, Facebook or create an account:



Already registered? Login here.

Your free registration includes:

  • Access to 10 articles per month on WilmingtonBiz.com
  • Email updates to stay informed on local business news
  • A mobile optimized website
  • Advanced notification of Business Journal events
  • Management of your digital and print subscriptions
Laptop iphone ipad