University of Iowa News Release
March 22, 2006
Actual Safety Locates At UI's Technology Innovation Center
At its meeting March 20, the Board of Regents, State of Iowa approved a lease for Actual Safety, Inc. as the newest tenant of the University of Iowa's Technology Innovation Center (TIC).
Actual Safety, Inc. is a research and development company specializing in the health and safety field, working to reduce the risk of serious injury or death in fires, auto accidents, industrial accidents, and bacterial/viral contaminations. Its projects are in the early stages, but Actual Safety plans to develop, make prototypes, test, patent, and license its products.
With the aid of Iowa State University's Technology Commercialization Assistance Program, Actual Safety is working on a prototype of a product that addresses structure fire problems. Graduate students in ISU's College of Business are helping the company with its commercialization plan. Actual Safety, Inc. intends to explore the opportunity for research collaborations and other relationships with the UI College of Public Health and UI Tippie College of Business, among others.
Actual Safety, Inc. was established in 2005 by Paul Suedkamp of Coralville and Mike Garvin of North Liberty. Suedkamp is a firefighter in Johnson County, and is a former Commissioned Officer with the Ambulance Platoon, Headquarters Company of the 109th Medical Battalion of the Iowa Army National Guard. Suedkamp received a bachelor of science degree in law enforcement in 1990 from Mankato State University.
Mike Garvin currently manages his own private conferencing company, and is a former safety engineer for the University of Iowa Hospitals and Clinics. He has worked in various managerial and administrative positions in his 26-year career at larger academic medical centers such as the University of Wisconsin and the University of Iowa. He spent 17 years as the coordinator of the University of Wisconsin's Healthcare Educational Teleconference Network, one of the most widely respected distance conferencing organizations in the United States.
With the addition of Actual Safety, the TIC will have 16 tenant companies. Thirty-two TIC "graduate" firms have expanded their business or met other business goals after leaving the incubator and a half-dozen other companies remained in business after leaving TIC. Nearly 90 new business ventures using advanced technology have been admitted to the TIC since the UI incubator was established in 1984.
The TIC is one of the programs of Iowa Centers for Enterprise, which integrates existing economic development activities at the UI. Enterprise Iowa offers a comprehensive program that promotes economic development and technology transfer, provides assistance to Iowa startups and existing Iowa businesses and communities, and helps the state of Iowa develop a creative, entrepreneurial workforce. Also, Enterprise Iowa programs optimize the flow of University intellectual property into opportunities for licensing, commercialization and business development.
STORY SOURCE: University of Iowa News Services, 300 Plaza Centre One, Suite 371, Iowa City, Iowa 52242-2500.
CONTACTS: Media: George McCrory, 319-384-0012, email@example.com
COMPANY CONTACT: Paul Suedkamp 319-541-2637. TIC Contact: Tom Bauer, interim director, 319-335-4067.