Tag: entrepreneurship

Michigan Tech Hockey Hero turned Energy Entrepreneur

Mark Malekoff was a member of the Michigan Tech Ice Hockey team before graduating in 2008 when her earned his Bachelors in Business Administration.
Mark Malekoff was a member of the Michigan Tech Ice Hockey team before graduating in 2008 when he earned his Bachelors in Business Administration.

Mark Malekoff jokingly refers to his four companies as his “backup plan.” The original plan was to become a star in the National Hockey League.

The Grande Prairie-born-and-raised entrepreneur was captain of the local Alberta Junior Hockey League team, the Storm, before receiving a scholarship to play for the Huskies at Michigan Technological University. Plans for an NHL career changed in Michigan, however, as Malekoff studied finance and developed an interest in business and entrepreneurship that set him up to run his own company – then companies – back in Grande Prairie.

After graduating in 2008, Malekoff returned home where he quickly found work as a business analyst with Bonnett’s Energy Corp. and found an opportunity to volunteer coaching AAA hockey. Not one to sit still, he also began working towards a certified management accountant designation, which he received in 2011.

In what he calls his “spare time” between working at Bonnett’s, studying for his CMA and coaching, Malekoff took on enough debt to purchase three rig mats and begin renting them out to energy services companies in and around Grande Prairie. That was the beginning of his first business, TriTech Energy Services Inc., which now rents sour service storage tanks, pipe skids, manifolds and flowlines in addition to rig matting.

Inspired by British billionaire Richard Branson’s “screw it, let’s do it” attitude, Malekoff eventually took on more debt to acquire a safety and training business in June 2013. That acquisition became TriTech Safety and Training Inc., Malekoff’s second company, which provides at least four courses a day for oilfield personnel throughout Alberta and northeastern B.C. who require first aid, hydrogen sulfide or workplace hazardous information system training.

Was taking on debt nerve-wracking? Definitely. “You go from college, where you don’t have a lot of cash, to taking on a mortgage, and then taking on debt payments,” the now 30-year-old serial entrepreneur says, though he echoes Branson’s optimism: “Just go for it.”

This year, he decided to launch two more companies: Nakoda Energy Services and Rise Energy Services. The first business targets hydraulic fracturing companies and hopes to sell them third-party heat-capturing inflatable lid systems for their frack tanks, which he says can reduce water heating budgets for pressure-pumping companies by $20,000 per day. Rise Energy Services meanwhile offers downhole tools services to drilling companies in the field.

Asked if he has always had an inclination toward entrepreneurship, Malekoff says no. Not when he was a young boy or a teenager – he didn’t have time. “I was always pretty tied up playing hockey,” he says.

This story was written by Alberta Oil Staff for Alberta Oil Magazine.

MTU Team Makes Final Cut of MCIP

The Michigan Collegiate Innovation Prize is a six month program that enables teams to go from an idea to venture launch.

A new statewide entrepreneurial contest aims to arm students with the resources and skills necessary to launch a successful tech start-up in the state of Michigan. In addition to more than $100,000 in award money, the Michigan Collegiate Innovation Prize (MCIP) offered participants intensive start-up training based on the National Science Foundation’s Innovation Corps program.

Michigan Tech fielded a team out of a project for the Business Development Experience course — one of four required for the Entrepreneurship Concentration.

"Our low cost ventilator which encompasses a robust and simple design, is used to provide life saving care for infants suffering from respiratory ailments in developing countries," said Smith.

The Michigan Tech students who participated were:

  • Cole SmithManagement major
  • Brock TreanklerManagement major
  • Colin PuttersMarketing major
  • Carolynn MagnusonMarketing major
  • Derek MazurBiomedical Engineering major

The challenge kicked off in late October with a two-day workshop and culminated in February with a final showcase and awards ceremony. During the intervening four months, participants attended biweekly online progress meetings and received pitch training, mentorship and up to $2,000 in prototype funding. Teams were encouraged to brainstorm and innovate on their business model and position in the market.

90 teams participated in the first round and 29 made it on to the finals. Applicants were evaluated based on:

  • The viability and impact of their technology
  • How their business differentiates itself in the marketplace
  • The skill and experience level of the team members.

The Michigan Tech Team mentored by Professor Entrepreneurship and Innovation Dr. Saurav Pathak, Instructor Jonathan Leinonen, and Senior Lecturer in Accounting Anne Warrington was one of the teams selected to advance to the finals. Their project was to develop a low cost ventilator for infants in Ghana. This is an International Business Venture project out of the Enterprise program. The Michigan Tech team went on to win a $2,000 grant to further develop their product.

Event coordinators say the statewide venture challenge will help both the state and its students by keeping Michigan relevant in the knowledge economy and creating different career paths for college graduates.

Don’t let the bed bugs bite…

New U.P. business putting bed bug fears to rest

Victoria (Tannehill) Gariepy uses SBE degree to start her own business!

A new Upper Peninsula business is helping find and rid the region of a returning pest, the bed bug.

Lady Killers Bed Bug Management was formed by the duo of Munising-area mo

tel owners Victoria Gariepy (2004 School of Business and Economics Alumn) and Angela Tiernan over the summer, when they realized a need to have bed bug abatement services more readily available in the U.P.

“Wherever there’s travel and tourism, there are bed bugs” Tiernan said. Munising just happens to be one town that sees travelers from all over the world, and as a result, bed bugs have indeed shown up. With the nearest abatement specialists several hundred miles away in Minnesota, however, Gariepy and Tiernan realized that they – and all U.P. motel and hotel owners – would be left with possibility of having to keep rooms closed for weeks while awaiting treatment.

“It’s such a growing problem. It’s a fear that we all have,” Gariepy said about potential bed bug infestations in their motel rooms. “It was about June, and a friend was concerned that she had one,” she added. At that time, Gariepy and Tiernan realized that something more could be done locally in the cases where bed bugs are found, to help alleviate the fear and to decrease the response time when extermination services are needed.

By August, after much research, the pair had purchased equipment that could take care of bed bugs for good, or at least until the next customer unknowingly carries more in. Now operating under the “Lady Killers” name, the women began to utilize special extreme heating units in affected rooms to safely and cleanly kill the bugs, which tend to hide in dark, tight corners, including in bed creases, behind headboards, and more. The heating unit is placed in the room, until it reaches and maintains a temperature of 150 degrees Fahrenheit. To reach all of the bugs, the room is taken apart to expose as many hiding places as possible, and room components rearranged a couple times during the heating period in order to negate any cold spots.

In addition to leaving no residues, the heating process differs from chemical treatments in that it more effectively kills bed bugs in all life stages, including the eggs, thus preventing natural reinfestation.

Now, after just a couple months of success using the heating units and gaining feedback from customers, Gariepy and Tiernan have decided to expand Lady Killers to include another step, a bed bug diagnostic service.

Beginning in December, the duo will begin using special bed bug-sniffing dogs to help facility owners assess whether or not they do have bed bugs present. “The first defense against bed bugs is their customers in the room,” Tiernan said, adding that this is just about the last thing motel owners want to have to discuss with their guests on any given morning. She and Gariepy were not alone in this thinking; owners of larger U.P. motels asked if Lady Killers would offer the dog service locally, since, like the Minnesota heating unit service, the nearest trained dog comes from quite a distance, out of downstate Kalamazoo.

Like those trained to sniff out drugs or bombs, dogs can be taught to smell and indicate the presence of live bed bugs. Humans can inspect a room, too, the women said, but the process takes a substantial amount of time, and each room must be torn apart in order to look in all types of hiding places. The dogs can perform the same task much more quickly, and without the need to take apart anything. “With the dogs, you’re in and out of a room in minutes,” Gariepy said. Tiernan also noted that the dogs can execute the task at a much higher accuracy rate than humans.

The duo opted to go straight to the person considered to be the country’s authority on the issue, Bill Whitstine, who has been featured with his trained bed bug-sniffing dogs on the Travel Channel’s “Hotel Impossible.” Gariepy and Tiernan will soon spend a week at Whitstine’s training facility in Florida, learning how to work with their two new dogs and to read their cues, before returning with them ready to get to work in the U.P. and the Upper Great Lakes region.

Lady Killers Bed Bug Management’s heating and bed bug diagnostic services will be available to more than just motels and hotels; Gariepy and Tiernan will happily work with any facility that may harbor the pests, including nursing homes, apartments, and even houses. “You can get a bed bug anywhere,” Tiernan said. More information about Lady Killers’ services may be visited online at www.ladykillers.me. They may be contacted directly by emailing BedBugHitman@gmail.com, or by calling Gariepy at 906-202-0812 or Tiernan at 920-737-8349.

Experience Silicon Valley over Spring Break!

Sign-up by December 5th for the 2014 Silicon Valley Experience!

The Experience of a Lifetime

Each spring 15 students travel from Michigan Technological University in Houghton, Michigan, to the world hub of start-ups and entrepreneurs- Silicon Valley. This eye-opening experience focuses on immersing students in real companies, with real players, and the current challenges they face.

This year, you can to go Silicon Valley during Spring Break (March 8-14). Visits with entrepreneurs, inventors, managers and companies including Brocade, Cisco, and Google will provide you with a first-hand understanding of technology built enterprises that are revolutionizing global business.

Take Advantage of This Opportunity

Brocade is once again sponsoring the trip bringing the cost to $300 per person including airfare, hotel accommodations with breakfast each morning and transportation throughout the duration of the trip.

This trip is open to all Michigan Tech students. Please pass the information along. Student participation is based on a two minute interview on “Why you want to work and live on Silicon Valley.” If you are interested in participating, please email Karen Foltz at ksfoltz@mtu.edu. You will be assigned interview time starting at 4:00 pm on December 5, 2013.

Click here to view the PDF Brochure:  SiliconValley2014