Stern Incubator Winners Announced

The Stern Incubator is proud to announce the incoming tenants that have been selected for its next round of occupancy, beginning August 15, 2005. The new tenants are:
• Shift, co-founded by Stern alumnus Jason Rissman, MBA '06
• Norooz Productions, co-founded by Stern alumnus Shabnam Rezaei, MBA '01
• Enpresence, co-founded by Stern alumnus David Cowing, EMBA '05
• MET Tech, founded by Stern alumnus Jacob Bindler, MBA '96

The Stern Incubator offers teams of entrepreneurs a unique platform for developing their business concepts. Each team will be given office space on the fourth floor of Tisch Hall; infrastructure such as access to: high speed internet connections, computers, cubicles, conference rooms and telephones; probono services from the Incubator’s corporate sponsors, which include the law firm Breslow & Walker LLP, accounting firm Janover Rubinroit and strategy consulting firm Lion Strategy Partners; access to Incubator and Berkley Center for Entrepreneurial Studies (BCES) staff; consulting assistance from EEX volunteer staff; mentoring by BCES New Venture Mentors; and other business essentials to facilitate the process of launching their nascent businesses into the real world. Instead of stressing over how to pay their next month's rent and utility bills, these companies can devote their attention and energy to advancing their businesses to the next stage.

About The Stern Incubator Program
Launched in Fall 2004, The Stern Incubator is an educational and experiential program of NYU Stern’s Berkley Center for Entrepreneurial Studies (BCES). It is further supported by the student run club, the Entrepreneurs Exchange (EEX). The Stern Incubator serves as a catalyst and platform to spawn and nurture new ventures which are founded by Stern MBA students, alumni and other NYU graduate or undergraduate students who are entrepreneurial minded, intellectual property holders, scientists, inventors, creators or innovators. Additional information can be found online at www.sternincubator.com.

About Shift
Shift is a lifestyle magazine that focuses on the expanding environmental movement through a pop culture lens. Aimed at an emerging mainstream that is concerned about the environment and interested in living more sustainably without sacrificing quality of life, Shift entertains readers as it informs them about practical advances in renewable energy, green architecture, eco-travel, hybrid cars, organic food and more. Shift combines top quality editorial content, smart, modern design and a growing list of celebrities to demonstrate that not only is it easy being green, it’s fun, cool and even sexy.

About Norooz Productions
Norooz Productions is an entertainment production company that creates and distributes premium quality entertainment that uses non-European cultures as the backdrop for content. The objective is to help such families teach their children about their own customs and to teach American children about cultures to which they are not normally exposed. The company’s first product, an animated movie called “Babak and Friends – A First Norooz,” is a heartwarming story about a young Iranian-American boy who comes to appreciate his Persian heritage during the holiday of Norooz (the Persian New Year). Storybooks, soundtracks, puzzles, games and another movie are currently being developed and launched to further develop the Babak and Friends brand. In addition to the Iranian culture, Norooz Productions is currently in pre-production of an animation film that will celebrate the Korean culture and anchor a new division and brand within the company. The launch of “Babak and Friends – A First Norooz” was extremely successful with both Iranian and American audiences. To date, the movie has been selected by several film festivals which will feature the movie as an official selection in the coming months, including KID’S FIRST, the largest children’s film festival in the world that will travel 50 cities and entertain over 250,000 people in the summer of 2005.

About Enpresence
Enpresence (www.enpresence.com), an innovative service company in the red-hot “proximity detection” market, alerts cyberspace users with offers that match their preferences when someone or something of interest is near by. Enpresence uses proximity detection versus static location-based techniques. Hence, offers from Enpresence leverage the user’s current location, allowing them to be acted upon in real time.

About MET Tech
MET Tech Inc. has developed a product line of inertial sensors based on a novel Molecular Electronic Technology (MET). These sensors include linear and angular accelerometers as well as gyroscopes. MET sensors do not contain any precision mechanical parts, solid inertial masses or springs, and are relatively simple to manufacture. They demonstrated very high sensitivity while being small in size and requiring little power. The sensors could be used in a broad range of applications across many markets including systems used for oil, gas and coal exploration, advanced guidance and navigation, automobiles navigation and safety, cell phones, lap-top computers, white goods and consumer electronics.