Word: know-how
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...that was TFTP's cornerstone. Dichter says capital is scarce in developing countries, and high-interest loans are inaccessible to small enterprises. "We had to come up with a different game plan in order to arrange deals that the banks wouldn't touch. Using equipment or technical know-how as equity is usually satisfactory to both partners." Earlier this year, Dichter brokered a fifty-fifty joint venture, worth about $250,000, between Akshay Urja in Poona, India, and a company called Ekrani in Tbilisi, Georgia, to manufacture solar hot-water-heating systems for sale in the former Soviet republics...
...late grandfather Dana Bushong, who was famous around here for being the man who engraved names on Sheaffer pens. Skip's wife Michele, 37, headed up the local Main Street program for two years, serving as the lieutenant who passed on the National Trust's decades of know-how regarding renovation, business loans, retail niches and the marketing of downtown. "We're not where we want to be yet, but in the 15 years I've lived here, it's got a little better each year. You should see the droves that come in for our trick or treat...
...ambitious new special-effects division, the Secret Lab, which is computer-generating puppies for its upcoming 101 Dalmatians sequel. "As technology evolves, it's going to unfetter our imaginations." The Perfect Storm, in fact, is a perfect example of a story told in a new way thanks to digital know-how. Says visual-effects supervisor Stefen Fangmeier: "Here we are really creating the whole environment of the movie...
...head for India three years ago. By his calculation, 40% of all successful high-tech stock IPOs in Silicon Valley were floated by Indian entrepreneurs. Why not go to the source of all that talent and help it reach its full potential by adding venture capital and U.S. business know-how? Prouty's reckoning seems to be paying off. As managing director of ICF Ventures, he is helping modernize the way India does business, giving some bright, young tech upstarts a chance to succeed without leaving their homeland. And he's making lots of money for his Western investors...
...relationship with a country that represents the world's fifth largest economy in terms of buying power but accounted for less than 1 percent of world trade in 1998. (Even then, of course, India is emerging as the largest exporter of software and computer know-how to the United States.) In the end, the point of the President's India trip, to borrow Mr. Clinton's '92 campaign mantra, may once again be the economy, stupid...