October 24, 2007 | Imaginestics wins the 2007 Indiana Entrepreneurial awards of distinction for Innovation
West Lafayette, Indiana, USA -- The Johnson Center for Entrepreneurship & Innovation, a division of Indiana University’s Kelley School of Business honored outstanding, emerging and established entrepreneurial companies in growth, entrepreneurial spirit, and innovation at its 3rd annual Indiana Entrepreneurial Awards of Distinction Thursday, (October 18) at the Indiana Roof Ballroom in Indianapolis. Imaginestics, LLC of West Lafayette, IN, USA was the winner of the 2007 Innovation award.
Imaginestics was founded in December of 2002 and currently employs 24 persons. Nainesh Rathod, President/CEO of Imaginestics states that he is proud to be recognized for Innovation. “Besides the personal satisfaction, Imaginestics is forging key customer relationship with major US manufacturers to enable them to gain a competitive advantage through the use of VizSeek. VizSeek is a revolutionary visual search engine that allows manufacturing suppliers and distributors to connect with their partners and supply base and present virtual ambience of a system level solution to its customers using shape matching technology and a product/service relevance approach. This model was successfully executed by Dell in bringing together various value added products at the finger tip of a customer purchasing a computer system. Using our proprietary shape matching technology and product/service relevance algorithm, we are able to rapidly create the awareness for products and services from small to medium sized companies by putting it at the fingertips of hundreds of thousands potential customers within days. We believe that we are changing the way manufacturers will market and distribute their products and services”
“Since we have started using VizSeek to enable our distributors and customers to locate and download the models of our parts/products we have seen a 30% increase in business” said Chris Round, Marketing Manager, QC industries, leader in low profile belt conveyor. “This is an innovative and powerful tool for suppliers to get connected with their buyers”
The Indiana Entrepreneurial Awards of Distinction honors outstanding, emerging and established entrepreneurial companies. Nominees for the award must be privately held Indiana businesses founded by the 2004 fiscal year with at least $1 Million in annual sales or have raised a significant amount of funding. This year’s Blue Ribbon Panel spent an entire day analyzing the over 100 applications that were submitted. Without question this was the most rigorous judging that the panel had undergone and felt confident that the honorees represent the very best entrepreneurial companies in the state of Indiana.
“We are proud to honor Imaginestics as an innovative company because they are changing the landscape of business in Indiana and setting the pace for a more productive future”, stated Donald F. Kuratko, Director of the Johnson Center for Entrepreneurship and Innovation at the Kelly School of Business.
For further information, contact Juneyeta Gates, Imaginestics (765) 464-1700 x 114 or e-mail Juneyeta.gates@imaginestics.com
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