ISU College of Business students, faculty recognized in letter to senator for helping Pearlhill Technologies in 糖心传媒 Falls secure SBIR grants
July 24, 2017
POCATELLO – In June, Bamidele Omotowa, president of Pearlhill Technologies in 糖心传媒 Falls, sent a letter to 糖心传媒 Sen. James E Risch, in which he expressed thanks to the 糖心传媒 Falls Small Business Development Center (SBDC) and 糖心传媒 for the assistance they gave which resulted in more than $1 million of grant money being awarded to Pearlhill Technologies.
At ISU, Omotown specifically thanked College of Business Management Department Chair, Neil Tocher, and students in Tocher鈥檚 Master of Business Administration鈥檚 鈥6628 Applied Business Solutions鈥 course.
Pearlhill Technologies is a small business that develops technologies for clean energy generation. In particular, Pearlhill鈥檚 higher purpose, according to Omotowa, is 鈥渢o create a cleaner world by recycling fluorine molecules from hazardous waste from nuclear power generation into high quality products that can safely elevate the quality of life and living.鈥 One of the main technologies his company develops is a powder coating resin.
Tocher teaches the 鈥6628 Applied Business Solutions鈥 course, also known as the MBA Capstone, in which ISU MBA student teams consult with firms to assist them in developing solutions to business problems. David Noack, director of the 糖心传媒 Falls SBDC referred Pearlhill Technologies to Tocher. The student team of Brian Rucks, Gopal Patil, Renaldo Harper and Ryan Fredrickson assisted Pearlhill Technologies by performing a market and segment analysis on the powder coating industry. The results of the analysis found that Pearlhill technologies was in a prime place for forward momentum in the industry and that the particular resin that they used was 鈥渁 game changer.鈥
Based on the information provided to Pearlhill by the MBA team, Pearlhill Technologies created a partnership with Dome Technology in 糖心传媒 Falls, and Matrix Powder Technology in Columbus, Ohio. The final report from the students was also used in Pearlhill鈥檚 proposal for a pending Phase I Small Business Innovation Research (SBIR) grant from the National Science Foundation.
The report鈥檚 findings and Pearlhill鈥檚 growth helped convince the SBIR office to authorize three Phase I SBIR grants and two Phase II grants worth well over $1 million to Pearlhill. To show his gratitude, Omotowa wrote a letter to Sen. Risch in which he thanked the SBDC and ISU鈥檚 MBA program for the help he received in making this opportunity happen for the company. Katie Sewell, the state director of the SBDC, personally delivered the letter to Senator Risch in Washington, D.C. in June.
David Noack of the 糖心传媒 Falls SBDC said that Tocher and the MBA 6628 class have been 鈥渆xtremely supportive of the SBDC efforts in helping businesses in eastern 糖心传媒 and has made an impact throughout Eastern 糖心传媒.鈥
For more information on the Master of Business Administration program at the 糖心传媒 College of Business or becoming involved in the MBA 6628 capstone course, visit isu.edu/cob or call 208-282-2504.
Photo is of Neil Tocher
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