Within a month, a Rochester-area
startup company called SensGard expects to have its first product - a
hearing protection device - ready for sale.
That's quick work
from the company's founders, Rob DiNardo and Greg Post, who knew
virtually nothing about hearing protection as recently as a year ago.
They
licensed the patented technology from Syracuse University in March. And
they officially formed the company only three months ago.
The
existence of SensGard demonstrates the potential of the technology
available at area universities to help launch new companies and boost
the local economy.
Working out of their homes, DiNardo and
Post have created what is, so far, a virtual company. They are
contracting with local companies for design, manufacturing, Web site
development and other tasks. Job creation comes in many forms, they
said.
"A lot of attention gets paid to big companies that
create new jobs," Post said. "While we might not create new jobs in the
very near future, companies like ours most definitely support the
economy by providing additional work to local firms."
For
years, DiNardo, 45, and Post, 42, who were business development
managers at PAETEC Communications Inc., have wanted to launch or own a
company. Both earned master's degrees at the University of Rochester's
William E. Simon Graduate School of Business Administration. About a
year ago, they decided to make their move.
"We weren't getting
younger, and it just seemed like a good time to start out on our own,"
Post said. "We had a sense of what it takes to start up a company. We
started looking for something to commercialize quickly."
They
made their initial connection with Syracuse University at the October
2003 "Unytech" venture capital conference in Canandaigua.
When
they studied a university database of available technologies, they
selected the Zwislocki Ear Muffler, a patented device developed by
Jozef John Zwislocki, a Syracuse professor emeritus widely known for
his research in sound and hearing.
"Ear plugs and protective muffs have been the same for 30 years," Post said. "There has been no innovation until this."
A
Zwislocki muffler, which weighs less than 2 ounces, looks like a set of
thin headphones. It folds up easily into a size that fits into a shirt
pocket.
The design channels sound into small chambers located
above the earpieces and deadens excessive noise across all frequencies.
But the muffler still allows the wearer to hear voices. DiNardo and
Post have tested the muffler with workers at several area companies and
offices.
Dr. Anthony Ricci, a Pittsford dentist, tried the device in his office. He found it comfortable and effective.
"Because
of drills, a lot of dentists have hearing loss," said Ricci, who also
wears the muffler when he flies. "This is a very good ear protector."
SensGard
plans initial production of about 10,000 Zwislocki mufflers selling for
$15 to $20 each. The company will concentrate sales in the Northeast.
"We don't want so much demand we can't afford to fund the inventory," DiNardo said.
The
company founders see future markets beyond industry. These include the
military, gun owners who shoot regularly and those who do home repair
or woodworking projects. The muffler could be combined with a music
source for a lightweight set of earphones with high acoustic quality.
DiNardo and Post have invested their personal savings in the company. They're living cheaply, they said.
In spite of a difficult local environment for raising money, SensGard also has attracted other investors.
"People
are always looking for opportunities," DiNardo said. "If you network
correctly and if you have your information and your plan in a logical
and organized form, you'll find those looking for opportunities."