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Behind Mentor Madness

Pictured: HG Ventures Senior Associate Nida Ansari consults with the Simplifyber team.

As The Heritage Group Accelerator powered by Techstars reaches its midpoint, its 2021 cohort of entrepreneurs have spent over 50 hours connecting with more than 70 mentors from both the Heritage family of companies and the Indianapolis business community. Known as Mentor Madness, these three weeks serve as an opportunity for participating startups to make important connections, practice their pitches and engage in valuable discussions about business strategy.

Startup founders meet at The Center.

Utilizing expertise from 30+ operating companies, mentors from The Heritage Group (THG) provide key insights into their markets and industries. Not only does the 13-week accelerator add value to the entrepreneurs, but mentors are exposed to innovative and disruptive technologies that could revolutionize existing processes.

Any businessperson understands that success does not happen alone. For the founders in the cohort, mentors are a vital resource who also benefit from their participation in the program. Linda Osborn, Director of Analytical Research at Heritage Research Group, states that as a mentor, “not only does this (program) allow me to pay it forward as my great mentors did for me, but it is invigorating to be around these entrepreneurs. The founders sometimes develop innovative ways to meet challenges that we face on a global scale.”

THG and program mentors share in the excitement and take pride in seeing the entrepreneurs adapt to challenges and overcome hurdles. Nida Ansari, Senior Associate at HG Ventures, states that “many of these entrepreneurs have had significant personal challenges before getting here, and we get to know what drives them. THG gives them access to labs, resources and minds that these folks will leverage to change their business in leaps and bounds.” The mentors, many with an entrepreneurial background themselves, share personal experiences that founders can relate to and then apply to their own strategies.

Founders attend Techstars’ Concept to Commerce event.

Basil Merriman, Director of Strategy on THG’s Strategy + Mergers & Acquisitions team, says, “My favorite part of being a Techstars mentor is being around the entrepreneurial energy of the founders.  It’s inspiring to see someone create something from nothing, and you can really feel the passion and vitality when working with the teams.” This same energy carries over into THG, as conversations and experiences with the Techstars cohort encourage critical thinking and spark innovation within the Heritage family of companies. “The mindset that comes with partnering with a company like Techstars forces us to think differently and gives us fresh perspective to further differentiate from the competition,” says Chris Ames, Senior Strategic Manager at Heritage Interactive Services.

Anthony Rogers, VP of Technology and Growth for Retriev (formerly Heritage Battery Recycling), says, “I think THG brings a wealth of commercial, business, and technical experience to the table. THG is able to make connections in ways most venture firms aren’t able to, and I think that adds a lot of value to the Techstars companies.” Participating founders utilize these resources leading up to and beyond the program’s culmination, Demo Day, where each startup pitches at The Center to local investors and THG representatives. While Demo Day is the last step of the Accelerator, it’s only one of the first steps in the mission HG Ventures shares with its Accelerator companies: building the future, together.

With every day bringing new chances for innovation, mentors take pride in working with founders to turn big challenges into even bigger opportunities.

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Innovate to Accelerate

How the Heritage Research Group fuels innovation for Techstars Accelerator startups.

The Center, Electrified

Those who tuned in to virtual Demo Day, the culmination of the 2020 Heritage Group Accelerator Powered by TechStars, witnessed the final product of the development, strategy and mentoring that went into the 13-week accelerator. Each of the ten founding teams participating—some of whom hailed from as far as the Netherlands—created a five-minute recorded pitch showcasing their startup’s vision, progress and plans for the future. If you just watched the video, you might have missed the months of creative collaboration that laid the foundation for the pitches.

 

Despite the impact of COVID-19, the accelerator produced an “electric” Demo Day, according to Senior Director of HG Ventures Ginger Rothrock. “The environment in the accelerator when it’s full of founders is incredibly active and upbeat,” added Chemistry Research Manager Meghan McLeod of the 13-week process preceding Demo Day. “There’s so much energy. There’s so much excitement.”

Participating founders quickly discover a hidden gem of The Heritage Group (THG) Accelerator: the Heritage Research Group (HRG). When introducing the accelerator in a May 2021 Crowdcast, Nanci Churchill of Techstars touched on this aspect of the program: “The lab that’s on site at The Heritage Group is a world-class facility that allows startup companies to run experiments in cooperation with the HRG lab team, which is phenomenal.”

 

Staffed by a team of experienced chemists and researchers, THG’s in-house research and development laboratory solves some of the biggest business and customer problems among the Heritage family of companies. Their work is behind several innovations that THG harnesses to build a safer, more enriching and sustainable world.

A Dream Team

The process begins with McLeod, whose non-accelerator months are spent overseeing analytical chemistry research for HRG. McLeod acts as a liaison between HRG and the startups involved in the accelerator. “[When] all the companies come in, I have one-on-one meetings with them, and I identify product characterization, development, and pilot opportunities that we can work on during the program,” she described. After this initial meeting, McLeod assesses the tools at her disposal, including those on-premise at HRG facilities (all of which are accessible to accelerator startups). After identifying an expert in the area in question, McLeod assembles a team of researchers to address the startup’s unique issue.

 

The Work Begins

In the case of Mobile Fluid Recovery (MFR), a startup dedicated to the cleaning and reuse of industrial waste streams, the collaboration with HRG took about a month from start to finish. CEO Justin Edmondson described the root of the challenge in his Demo Day pitch as “unlock[ing] the liquids from the solids in the waste stream.”

 

“The waste stream he had was too high in sulfur for resale,” said McLeod, describing high-iron metal fines with resale potential. “Justin already had that in mind, and when we met, that was something he identified as a particular problem the research group could help with.”

 

To resell the metal fines, MFR had to satisfy requirements for sulfur content by removing that element from the waste stream. HRG’s chemists rose to the challenge, taking a sample of metal fines and performing elemental analysis. “We helped him both quantify and type the sulfur, and then come up with an approach to remove it [from the waste stream],” McLeod said. The process evolved to a point where Edmonson’s team could perform it in their own facilities, opening MFR’s services to valuable new customers and, potentially, a new market.

 

“Industrial waste stream management is about a $60 billion industry. We recycle only about 30% of all waste streams today,” said Rothrock, “but the EPA believes about 75% of the waste streams are recyclable. MFR is unlocking the value of waste streams that are not currently recycled… and now, thanks to our research group, [Edmondson] has a solution that adds value to the company and his customer base.”

 

This waste stream innovation also underscores an essential tenet of THG’s mission: sustainability. By reusing the de-sulfured metal fines rather than disposing of them, MFR contributes to the circular economy by eliminating waste and making the most of available resources.

From the Ground Up

Some Accelerator projects have a much longer scope. Sunthetics, a startup that aims to make the development of new molecules more sustainable, harnessed HRG’s resources and brainpower to develop their pilot product: an electron reactor that enables organic synthesis.

 

“Sunthetics was developing new hardware, and we were the first pilot users of the product. So as you can imagine, there was a lot of trial and error in the lab and collaboration with the founders to get to a functional prototype,” said Rothrock.

 

The reactor, which uses electricity to produce a small-scale chemical, is paired with machine learning software, which predicts the most efficient conditions for reactions. Configuring the reactions was just the beginning.

 

“We had a lot more optimization and work that had to go into understanding the system,” said McLeod, who brought together a large team of researchers to work with Sunthetics. “Myself and one other chemist were working with the hardware to perform the reactions, and then we had another part of the team doing the chemical analysis and method development.”

 

The outcome of the accelerator for Sunthetics was an effective, repeatable framework for testing reactions. “We can run the Sunthetics system and demonstrate improvements in efficiency over multiple tests,” said McLeod. “That was a significant outcome for the Sunthetics team.”

 

A Vision Realized

For accelerator startups, the benefits of working with HRG extend far beyond the doors of The Center. For participating startup Pretred, the accelerator served as the perfect place to brainstorm. Working to mitigate the environmental impact of tire waste, founder Eric Davis envisioned road barriers made of recycled tires. “There’s got to be something we can make out of it,” he said in a Techstars Crowdcast of the tire and plastic waste occupying a local river. “It’s high volume and potentially high value.”

 

“We have members of the HRG team who have previously worked in related industries — tire, rubber, resins, all the different components that he was using — so he found a knowledgeable resource in simply having access to those people, brainstorming ideas, [and] talking about his process,” said McLeod.

 

One such team member is Research Engineer Dennis Justice. “The wide range of product and process assignments we participate in sets us apart from other research groups,” he said. “My knowledge, matured in multiple manufacturing environments, aided Pretred directly in building prototypes and rapid production improvements.”

Dennis Justice with the Pretred team and prototype

Justice aided in identifying materials and processes needed for Davis’s idea to become a reality: six-foot-long, one-ton construction barriers made of over 95% recycled material. With his help on the first manufacturing run, Pretred went from proof of concept to a full-scale product in just two weeks. “Over a short period of time, with limited resources, the Pretred sustainable construction product has gone from an idea on paper to a one-ton reality. The company continues to build on these manufacturing learnings and uses the first set of manufactured products to capture customer interest,” said Rothrock.

 

A year out from the accelerator, Pretred is looking forward to commercial scale manufacturing and product launch as well as addressing alternative waste streams. A seed-round investment of $3 million led by HG Ventures proves Pretred’s potential within the hard tech industry.

 

Justin Edmonds, founder and CEO of MFR, will be deepening his relationship with Heritage Interactive Services. “He’s made strong connections with the business unit and is actively working with them to help solve our customer’s waste problems,” Rothrock said.

 

Currently, the founders of Sunthetics are moving forward with the reaction method pioneered in collaboration with HRG. “That’s actually one of the biggest takeaways: now they have an established method for data analysis to use with targeted customers,” said McLeod.

 

After the Accelerator

Startups leave the Heritage Group Accelerator with 13 weeks’ worth of collaboration, creativity and innovation that translate into an incredible amount of business value. In return, the impact they leave behind is a major motivator for the Heritage family. “I just love that the broader Heritage Group gets exposed to entrepreneurs and their thinking, their energy,” said Rothrock. “It’s electric. It’s awesome.”

 

As the 2021 cohort of startups travels to Indianapolis for their own turn at the accelerator, Rothrock anticipates seeing The Center once again abuzz with the same lively dynamic. McLeod agrees: “There were ten different companies that were in completely different markets, and I got to learn about all of them and be involved in that process,” she said. “Our ability to catapult both their technical and business development is incredibly valuable.”

 

To learn more about the accelerator, visit hgventures.com/hgaccelerator/.

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Winning the Long Game

Chris Patchon of Heritage Environmental Services has felt satisfied and motivated in his job for the past 26 years. Here are eight things that have helped make Chris so successful.

When you meet Chris Patchon, who manages Heritage Environmental Services’ (HES) western Indianapolis waste treatment plant and landfill, his positive energy and passion quickly inspire admiration. What keeps Chris going? What makes him so successful? We recently followed Chris around the plant to find out, and learned eight things that keep Chris happy, motivated and driven to tackle whatever comes next. These could be good reasons for you to start a career at a Heritage Group company, too!

 

1. He was spotted quickly.

“I’m a local kid,” said Chris, who grew up just down the street from where he works today. “I walked by the plant going to football practice.” Years later, at age 21, Chris joined the plant as a material handler in drum operations, working the night shift. He frequently signed on for overtime, occasionally working double shifts.

It didn’t take long for leaders to spot Chris’s dedication. Two years later, the manager of a Heritage plant in Charlotte, North Carolina, asked Chris to relocate from Indy to Charlotte and run the drum operation there. “I was an hourly employee at the time,” Chris said. “I asked, ‘Why me?’ He said, ‘Why not you?’” Chris’s wife, Jennifer, had just given birth to their son, Drew, and didn’t want to leave town. “I said ‘no’ at first,” Chris admitted. But when Jim Green, the president of the company at the time, called and asked him to fly to Charlotte for a visit, Chris took him up on the offer. Not long after, Chris and his young family made the move south. “It turned out to be the best decision I’ve ever made in my career,” said Chris, who eventually took over all plant operations in Charlotte.

 

2. He’s surrounded by mentors who inspire him.

If you ask Chris what he loves most about his job, the first thing he’ll say is: the people. He admires Jeff Laborsky, Chief Executive Officer of HES and leader of Heritage Research Group. “Jeff’s a people person, and he’s committed to our company’s mission to protect human health and the environment,” Chris said. “That commitment at the highest levels trickles down — it’s genuine.”

Winde Hamrick, Executive Vice President of HES, once managed the plant Chris runs now. She mentored Chris when he returned from Charlotte in 1999. Even though there were no manager positions open, Chris and Winde set a goal for his future that included professional development opportunities. It took almost four years for the operations manager spot to open up, and when it did, Chris stepped in and kept growing. Winde continues to help guide Chris’s career today. “I’m blessed to have her as a mentor,” he said. “We have a wonderful relationship.”

 

3. The Heritage Group invests in his success.

When Chris started at HES, a busy work schedule and frequent promotions got in the way of wrapping up his higher education goals. “A business degree was the plan,” said Chris, who in the same breath notes he’s proud to help run a successful business.

“I like to say I have a master’s degree from Heritage University,” Chris said with a smile. “Heritage offers so many resources — especially mentors and coaches — you continually learn on the job.”

On top of that, Chris has taken part in leadership training, including weeklong programs at the University of Chicago and the University of Notre Dame. “It was an awesome experience!” he said of undergoing the trainings. “Heritage invests in people. It’s something we do well here.”


On tackling challenges like a linebacker:

Chris, who has an athlete’s energy and positive outlook, played football in high school and college. The former linebacker’s drive to protect his people — combined with his quick thinking at every turn — make him a good fit for the demanding work of running a 24/7, all-seasons operation.

Like any talented athlete, Chris also likes to win — and he looks for similar qualities in potential employees. “I sense the desire to win,” he said. “High-potential employees rise above failure and always look for a solution.”

Chris has also learned that each employee has their own spark. “There’s an art to how you approach and motivate people,” he said. “You’ve got to take the time to get to know them.”


4. His voice counts.

Working at a private company with a family atmosphere leads to teamwork and collaboration, which in turn sparks new ideas. “We’re a very creative company,” Chris said. “So many ideas have grown into new businesses. It has been cool to watch it happen.”

Chris appreciates that leaders frequently ask for his opinion. “They don’t have to,” Chris noted. “But the fact that they engage with operations at all levels means a lot to me.”

That engagement and collaboration presents opportunities for everyone. “It’s not unusual for employees to talk to the president of the company,” Chris said. “You’re never ‘just a number’ here. You’re part of a team. And it’s a winning team.”

 

5. Family values matter.

A devoted family man, Chris has been married to his wife, Jennifer, for 26 years — as long as his tenure at the company. He’s the father of a son, Drew, and daughter, Hanna, both college grads pursuing careers in the pharmaceutical and medical fields.

Chris said his parents, Brad and Debbie, kindled his focus on values like loyalty and dedication. Brad, Chris’s stepdad, who worked for the City of Carmel’s wastewater division, modeled hard work. “I watched him get up in the wee hours of the morning to go to his job. And he raised two kids who weren’t his own. He didn’t have to do that. He set the foundation of always doing the right thing and putting in the effort.”

The Heritage Group’s core values of honesty, integrity, and fairness resonate with Chris. “Those values align with who I am as a person,” he said.

He’s also happy about how his career at HES has supported his family. “Working at Heritage has given me a wonderful life. It allowed me to put my kids through college; to take my family on vacation. I didn’t get to do those things as a child,” Chris added. “I’m forever grateful.”

Chris with his family

The Patchon family. From left: son Drew, wife Jennifer, Chris, and daughter Hanna

6. Loyalty means something.

When Chris is looking for new employees, he seeks “loyal, dedicated people who are aligned with what we do,” he said. “We have jobs here, and we also have careers.”

Chris’s loyalty and commitment to HES and his team have helped make him successful in his own career. That’s because his leaders look out for him and his future. “At Heritage, loyalty and dedication go both ways,” he said.

 

7. People pay it forward.

When Chris walks through his plant with a group of visitors, he greets each worker by name, quickly pointing out their tenure with the company and their personal story. Bart Bicknell, a chemical treatment supervisor and 20-year HES employee, served as a tank commander in Desert Storm. John Boyne, an operator in chemical treatment who has worked at Heritage for 27 years, is a “great employee,” in Chris’s book. Chris recently recommended Eric Chris, the plant’s operations manager, for a promotion, which Eric earned. He began his new job running the Roachdale landfill early this year. “It’s a pay-it-forward mentality,” said Chris, who’s proud of the fact that many Heritage employees and leaders launched their careers at the plant where he works now.


On caring about his people:

Since he became plant manager, Chris has instilled new policies that do more to give employees a voice. On Day 1, after they’ve met the safety manager and walked the facility, new employees meet with every member of the management team. Chris’s personal open-door policy shows his genuine investment in each employee. “I don’t care how long someone’s been here or who they are. Everyone’s welcome to come to my office for a conversation about anything,” he said. “I want people to feel okay about talking to leadership. I tell people who stop by, ‘Hey, I’m no different than you are.’ That’s how we build a relationship.”


8. There’s room to grow.

At Heritage Group companies, the freedom to learn and grow is real. “The opportunities to do great things are there,” Chris said. The different companies within The Heritage Group give employees freedom to move around; “if you have the drive and ambition to do great things, you can do it,” Chris emphasized. “I started at the bottom and worked my way up. It takes time and effort, but if you work hard, you can get where you want to be.”

Could a career at Heritage be in your future? Click here to see our open positions and apply online.