Class 1 - Introduction to Business Plan

Instructor: Hong Yu, Founder, Aboundi Inc.,

Mr. Hong Yu founded Aboundi Inc. in February 2005 with the mission to enable innovative solutions for the ubiquitous communications networking applications with high quality and cost effective essential networking products.

Prior to Aboundi Inc. Hong founded Lancast in 1990, in 1997 the company was listed in the Inc. 500 fastest growing companies.  Lancast innovated the ethernet for the ‘first mile’ application through optical fiber deployment.  In 1981, Hong founded his first entrepreneurial venture, CASAT Technology, Inc., a company that developed the first Frequency Agile Video Modulator device for the cable and satellite market. 

Prior to becoming an entrepreneur, Hong worked for Corning Glass, GTE, and M/A-Com with progressive Engineering responsibilities from R&D, System Applications, to Product Marketing Management.

In 1998, Mr. Yu was named “Entrepreneur of the Year” by the New Hampshire High Technology Council and was chosen as the “ National Minority Small Business Person of the Year” by the US Small Business Administration the same year.  He was also elected as the “1998 Model for the Overseas Chinese Young Entrepreneur” by the Government of Taiwan.

Mr. Yu is a Registered Professional Engineer and has five patents issued with other patent applications pending.  He holds a BS in Electrical Engineering and an MBA degree from the University of Texas.

Speaker: Jim Flannery, Co-Founder, A&J Biomedics, LLC

Jim is a recent graduate of Boston University’s biomedical engineering program. Upon graduating he cofounded the seed stage startup company A&J Biomedics LLC. They secured the funding from two angel investors in November of 2008 and began operating in Boston University’s Molecular Biology Research Laboratory earlier February 2009. Their work deal with catalyzing protein activity with light for commercial purposes, with an initial focus on catalyzing the enzymatic hydrolysis of cellulose.