Peter Balbus Chairs Innovation Panel

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) October 11, 2009 -- Richardson, TX -- Pragmaxis LLC (http://www.pragmaxis.com), a leading innovation management and technology commercialization strategy consulting firm, announced today that its founder and managing director Peter Balbus was the chair of a well-received panel session on October 9, 2009 at the Pan-IIT 2009 Entrepreneurship and Innovation Conference held at Renaissance Schaumburg Convention Center in Schaumburg, IL.

The panel session, titled "Thriving in Chaos" was presented to a conference attendance of more than 2,000 individuals.

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Peter Balbus Chairs Innovation Panel

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"While chaos appears to many as an unmanageable, high-risk environment, astute executives recognize that controlled chaos often leads to breakthrough innovation and the foundations for sustained competitive advantage - while lesser competitors take a wait-and-see-approach to their own peril," said Balbus. "Institutions with keen insight are taking decisive actions now to put as much distance between themselves and their competitors as possible. And they are finding that investments in innovation are demonstrably the single most effective means to achieve that competitive advantage.”

Other panel members included:

Melissa Giovagnoli - one of the world's leading experts on the development of individual and community leadership networks as a means of growing and accelerating brand loyalty and performance improvement inside and outside organizations. For more than a decade Melissa's organization, Networlding, has provided exceptional relationship marketing and management innovation programs for organizations like AT&T, CNA, UBS, Motorola and Disney. She is also the author and/or co-author of ten top-selling books. Melissa holds a BA in Sociology and a J.D. from DePaul University College of Law

Anita Goel, MD, PhD - a Harvard-MIT trained physicist and physician, Dr. Goel is the founder of Nanobiosym®, Inc., an R&D engine that focuses on emerging technologies at the convergence of Physics, Medicine, and Nanotechnology. Dr. Goel was named in 2005 as one of the world’s “Top 35 science and technology innovators under the age of 35” by MIT’s Technology Review Magazine and in 2006 received the Global Indus Technovator Award from MIT, an honor recognizing the contributions of top leaders working at the forefront of science, technology, and entrepreneurship.

Raj Shah - an Engineering Director at Google, responsible for planning and coordinating Google’s engineering growth across its 50+ engineering centers worldwide. Prior to joining Google, Raj was Vice President of Engineering at Ketera Technologies, a leading provider of on-demand spend management and e-procurement solutions. Prior to Ketera, Raj was founder and CEO of 123Signup, a leading provider of on-demand event registration and membership management services. Raj continues to be Chairman of 123Signup. Raj holds a Bachelors degree in Engineering from the Indian Institute of Technology (IIT), Bombay and a Masters degree in Computer Science from the University of Wisconsin, Madison

Balbus is a graduate of Massachusetts Institute of Technology with a degree in chemical engineering and has completed executive programs in strategy and finance at the University of Chicago. He has over 25 years of business strategy and technology commercialization experience and served as an executive consultant and practice leader with several top-tier consulting firms including Andersen Consulting, KPMG Strategic Services, CSC Index and Booz Allen & Hamilton. He specializes in conducting rapid diligence assessments, market and competitor analysis, technology and intellectual property landscape reviews, and defining strategies to accelerate the commercialization and introduction of new products and services into targeted markets worldwide.

Balbus is also a frequent speaker at conferences, trade shows, chambers of commerce and other venues with his compelling, informative and entertaining delivery style.

In addition to his paid consulting work, Balbus is also involved in several pro bono organizations. He is the Founder and Executive Director of Business Innovators Group, a growing international community of over 1,000 individuals who share a common interest in innovation. BIG is dedicated to fostering an integrated innovation ecosystem that will provide resources and accelerate results for innovation initiatives worldwide.

Balbus is also a Strategic Advisor to the San Diego based Nanotechnology Research Foundation and from 2005-2007 served as Chapter Chair and President of the MIT Enterprise Forum of Chicago.

About Pragmaxis LLC

Pragmaxis LLC (http://www.pragmaxis.com) is a privately-held consulting group founded in 1999 that provides strategy, interim executive services, innovation management and technology commercialization expertise to Fortune 1000 corporations, new ventures and business consortia. The firm offers a broad base of experience in integrated business and technology strategy, and specializes in assisting clients understand and capture value from emerging fields including nanotechnology, solid state electronics and advanced materials science -- in particular, how advances in these disciplines can be harnessed for sustainable competitive advantage and long-term profitability.

Pragmaxis LLC provides professional services to executives and senior technologists in a broad range of industries including: aerospace, consumer and industrial electronics, chemicals, consumer goods, energy, financial services, manufacturing, telecommunications and transportation. Consulting clients includes a mix of senior business executives and technologists in Global 1000 corporations, mid-sized growth companies, venture-backed start-ups and research organizations.

More information can be found online at http://www.pragmaxis.com

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