
Posted by: Greg Elliott, Director of Business Development at 1102 GRAND
Recently, I helped organize a group called The Right Money at the Right Time at the Right Terms. SITAKS (Regional Software and Information Technology Trade Association) hosted an engaging panel discussion on raising business capital. The
panel shared how growing businesses secure the right money at the right time at the right terms and discussed what the latest trends are in our local business ecosystem.
The panel discussion featured experts in capital-raising and shared their tips on:
What terms & conditions investors & angel groups look for.
Part 1

Part 2

DOs and DON’Ts on what should be included in both a pitch and a presentation.
Part 1

Part 2

One successful entrepreneur-turned-investor’s personal experience on what works and what does not in connecting with investors.
Panelists included: Toby Rush, founder and president of Rush Tracking Systems; Michele Weigand, managing partner of Focused Perspective; and Dr. Joel Wiggins, president and CEO of the Enterprise Center of Johnson County and executive manager of Mid-America Angels Investments. Entrepreneur Davyeon Ross of Digital Sports Ventures moderated the discussion.
To learn more about future SITAKS educational and/or networking events feel free to contact Greg Elliott – SITAKS membership committee chairman or go to www.sitaks.com .
Many thanks to newly opened Regus office space for allowing us to use their impressive facility (fractional office space) on the Plaza. Contact Danielle Torneden (Danielle.torneden@regus.com) or Tara Dyer (tara.dyer@regus.com) for more information on the Regus facility.
By Greg Elliott
I’ve had many discussions with people involved in the software and IT industries and the topics that usually come up are:
-Where can I find good employees?
-Where can I find other software or IT Professionals to network with?
-Is there an organization that has resources that can help my software or IT company?
My answers to these questions are, “yes,” through the Software and Information Technology Association of Kansas (SITAKS). I was able to visit with Miriam Ubben, president of SITAKS, and here’s what she had to say about this worthwhile organization.
Q: What is SITAKS all about?
A: The Software and Information Technology Association of Kansas was launched in June 2008 to provide support to Kansas’ burgeoning software and information technology (IT) industry. SITAKS is a corporate membership group designed to support Kansas’ 3,200 software and IT companies, as well as companies with large IT departments. We provide state level advocacy, workforce development, capital formation and management level education and networking to our members. You will find value in SITAKS membership if your company has an interest in building connections and establishing your presence within the software and IT sector.
Q: What impact has SITAKS had on the IT Community?
A: The SITAKS membership has grown to 100 member companies in just 18 short months. During this time, SITAKS has hosted over 30 educational and networking events that have brought together software/IT executives that are now leveraging each others’ products and services.
Many of our events center on helping to improve your bottom line. Our events are customized to the software/IT management environment and include such topics as utilizing state and federal R&D tax credits for software development, protecting your company’s IP, securing federal contracts and tapping into state funding programs.
Next February 2010, SITAKS is hosting the first annual Kansas Technology Awards featuring awards in nine categories. This event is designed to bring prominence to our member companies and the sector. We are also rolling out our state legislative platform in December, 2009 which focuses primarily on improving the business environment for software and IT companies.
Q: What opportunities are there to become involved with SITAKS?
A: In addition to attending events and board participation, members have the opportunity to serve on the following SITAKS committees: 1) Public Policy Committee; 2) Workforce Committee; 3) Events Committee; and 4) Membership Committee. Committees meet monthly and provide networking opportunities and an opportunity to provide direction to the organization.
Thank you, Miriam, for taking the time to share about SITAKS! Feel free to contact me via email at Greg@1102Grand.com for questions about SITAKS. Let me know if there are other topics you would like to see discussed here at Nfrastructure EXchange, and I would be happy to look into it. We are currently working on topics that delve into the Healthcare IT and Call Center verticals. Stay tuned!
SITAKS Bio
The Kansas Technology Enterprise Corporation (KTEC)*, as part of its mission to promote technology based economic development, launched SITAKS on June 11, 2008 to support Kansas’ software and information technology companies. SITAKS is located in Lenexa, KS at the Enterprise Center of Johnson County. Current members include small to large companies. Founding companies include Garmin, Freightquote, LSI, DSI, Perceptive Software, Deloitte, cBIZ and 1102Grand. Membership is based on number of employees in your company. Visit www.sitaks.com to learn more and to become involved!