Word: start-up
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...inaugural year of The Technology and Entrepreneurship Center at Harvard (TECH) was not all that different from that of a start-up company, says Paul Bottino...
...technology, and the outdated systems that have been installed over the years have only made doctors more skeptical of tech's miracle cures. Billions have been lost trying to use the Net to cut the estimated $250 billion in administrative waste. Investors have been hammered, notably by WebMD, the start-up launched by Netscape co-founder Jim Clark and Internet boy wonder Jeff Arnold. WebMD's stock, which soared to $126 in 1999, is currently on life support...
...Start-up of the Week Make Time for Yourself Ever wanted to design your own watch? Log on to the Domino Watch website (www.domino-watch.ch) and you can. Eric von Schulthess, ceo of ITS Inter-Time Services in Grenchen, Switzerland, came up with the idea as a way to keep his corporate and promotional watch business afloat in face of fierce Asian competition. "We had to offer something new, different and attractive," he says. "So we put the components on the Internet and let the customers design their own watches." To make your own watch, choose from among 15 basic models...
...Oracle financial and purchasing software. Purchase orders are now handled over the Internet, eliminating rubber soles from the process and slashing the processing cost from $176 per purchase order to $87. Tropian says the investment has already saved it $530,000--and that number is growing daily. "For a start-up company," says director of materials and logistics Cindy Pence, "that's big bucks...
Lifefx, the Newton, Mass., start-up that produces Facemail, is convinced there are broad commercial applications. One reason e-commerce is floundering, the company says, is that buying over the Internet lacks the human touch. But what if you went to the Nike website and Michael Jordan greeted you by name, waited on you and personally closed the sale? The company is also talking about using Facemail to make greeting cards and living wedding albums. And it is negotiating with Whirlpool about embedding the technology in a computer screen on a fridge. Then if Mom can't be home when...