Youngstown Business Incubator (YBI) is proud to announce that BizVeo, a virtual YBI Portfolio Company, has graduated from the INSPIRE! program to a become a tenant in YBI’s Incubating facility.  INSPIRE! is a flexible office space created for early stage companies in the initial phases of business development that are not ready for full incubation services, but can benefit from the direct assistance of YBI.  INSPIRE! opened in May of this year and BizVeo is the first graduate of the program.

BizVeo began when Bob Adduci, a retired Delphi Packard Electric engineer, shared his idea of online video training with marketing expert Alex Milne.  Working in a home office, they quickly found they needed a professional office with access to business development assistance. INSPIRE! provided BizVeo with entrepreneurial guidance and a professional space to demonstrate its software to potential customers. Alex Milne, Chief Executive Officer, states, “YBI’s INSPIRE! provided the space and resources that we used to successfully build our management team and plan for a successful launch. In addition, Jim Cossler and Julie Michael Smith were instrumental in all of BizVeo’s development phases and continue to offer valuable support and leadership.”

Currently, BizVeo is Beta testing its software at St. Elizabeth’s Hospital in Youngstown.  Chief Technical Officer Bob Adduci notes, “Having a Beta client in the field to provide product testing and feedback is crucial to preparing for a successful launch. BizVeo, through YBI, has greatly benefited from the cooperation and efforts of Humility of Mary Health Partners.”

INSPIRE! was funded by the Youngstown Foundation, the Dominion Foundation, the Kennedy Family Foundation which is managed by the Community Foundation of the Mahoning Valley and the Philip Thompson Charitable Trust.

About BizVeo

BizVeo is Beta testing its internet-based, secure video networking solution that allows the sharing of information through streamed video technology in either public broadcast or controlled, confidential environment. Focusing on healthcare, workforce development and industry training needs, it will provide online tools for users to create dedicated and private video share communities. For more information, go to www.bizveo.com