Keiretsu Forum Midwest Committees serve as Centers of Excellence in their respective industries. These committees foster thought leadership, promote mindshare and are responsible for screening candidate companies before being selected to present at the Forums.
Manufacturing remains a critical and vibrant force in both advanced and developing economies. Perception of decline in this sector is completely unfounded. Manufacturing still contributes disproportionately to exports, innovation and productivity growth. Yet the role of manufacturing is changing and challenges traditional views, for example, that manufacturing and services are completely different sectors. In the U.S., every dollar of manufacturing output requires 19 cents of services. Keiretsu Forum Midwest members are interested in the changing growth dynamic of this sector and in exploring and contributing to new manufacturing approaches, policies and capabilities.
Advanced Manufacturing Committee Chair
Patrick has founded and co-founded multiple companies in the aerospace industry as well as construction and tooling. His core competencies include Multidisciplinary Technology Development, Defense Business Services, Advanced Manufacturing, Power & Energy, Aerosystems, Medical & Sensors and Hypersonic Systems.
Patrick is Trustee and Vice Chair of the Wright Brothers Institute and a Board Member at the Entrepreneurs’ Center.
Internet of Things (IoT)
We are living in the times of nearly every appliance and device in our home having a tiny micro computer inside and an app that can control them; door bells, security cameras, thermostats and lighting controls… this is the Internet of Things (IoT). The common thread of IoT devices is a want and need for convenient control and efficient automation of our lives. IoT devices are the building blocks of many other technology trends, such as Smart Cities, Autonomous Vehicles and Connected Homes—and the list of applications and providers is growing rapidly.
IoT Committee Chair
Matt has designed several electronics products having sold in excess of one million units and has over 1 Million app downloads on the iTunes Store. He is passionate about educating the next generation through smart toys. His strengths are in product development, testing, procurement, inventory control and creative problem solving.
In the mature and saturated $760-billion Consumer Packaged Goods marketplace, CPG companies are aggressively seeking new growth drivers amongst a changing landscape. With consumer shifts in buying behavior, demand for sustainable products and purchase preferences for responsible, mission-based companies, there’s an unprecedented need for CPG investment in emerging markets and early stage start-ups. The Keiretsu Forum CPG Committee will focus on investments within early stage CPGs across food, beverage and durable goods, all of which align to CPG acquisition trends that can drive triple-bottom-line returns for people, planet and profit.
Consumer Products Committee Chair
Ross is founder and CEO at Queue, an agency specializing in business transformation and President at Lamps Global, a network of agencies across North and South America. Fueled by 20+ years of experience, he has transformed emerging markets and consumer macro-trends into scalable CPG businesses, driven top-line growth across Fortune 500, mid-cap and venture-backed companies.
Experience metrics: 100+ CPG brands, 50+ companies, 20+ industries, 13 countries, 10+ M&A exits, 40+ industry awards, managing cross-functional teams of 30+ and $50K to $10M+ in MarCom P&L.
Worldwide life expectancy has increased significantly since the turn of the century. Improvements in medicine and life sciences has played an integral role in this important achievement. Science, and especially medical technology, has advanced radically in the last 10 years, creating an opportune environment for change and innovation. The Keiretsu Forum Midwest Chapter is focused on investments in medical devices, pharmaceuticals, biotechnology and digital health that utilize emerging technologies to improve health and wellbeing. We can make a difference.
Dr. Navkaran Singh
Life Sciences Committee Chair
Dr. Singh earned his undergraduate degree from Northwestern University and his medical degree from Ohio State University. He completed his residency at the University of Cincinnati and is board certified by, and a fellow of, the American Congress of Obstetricians and Gynecologists. He is a robotics surgeon who leads the way in his field with exploratory, innovative medical devices that span numerous sectors.
Life Sciences (Medical Devices)
The medical device industry is positioned to continue growing at a steady rate given the increasing prevalence of chronic disease and aging of the U.S. population. This broad category of products and services includes everything from PPE such as gowns and gloves to cutting-edge surgical robotics and advanced imaging systems that cost millions of dollars a unit. Fortune Business Insights estimated that the global medical device market size was $432.23 billion in 2020, and it will grow to be $657.98 billion by 2028. The Midwest has a thriving ecosystem of early-stage companies in the medical device space, and the Life Sciences (Medical Devices) committee is focused on identifying investment opportunities in companies that have the potential to significantly improve the quality of care delivered to patients.
Patrick Hennessey, M.D.
Medical Devices Committee Chair
Patrick is a board-certified Otolaryngologist. He received his undergraduate degree from Carleton College, his medical degree from the Georgetown University School of Medicine and his residency training at The Johns Hopkins Hospital. He is an experienced physician-scientist with experience spearheading quality-improvement initiatives. He has worked closely with the value analysis committees at major hospital systems to gain approval for new products and medical devices. Patrick has worked at both top academic institutions and in private practice. He brings a unique perspective to the evaluation of early stage life science companies.
Life Sciences (Therapeutics)
Therapeutics is a branch of Life Sciences that focuses on the treatment of disease and the art and science of healing. From a pharmacological perspective, the therapeutic industry focuses on the development of drugs for the administration and treatment of all diseases. In recent years, we have seen a surge in digital therapeutics. The industry as a whole has seen an increase in investments from $134.3 million in 2015 to $1.2 billion in 2019, according to a recent Pitchbook report. With some of the largest medical research institutions in the Midwest, the therapeutics industry is thriving in this region of the United States, and drawing significant investment interest.
Adam Elhofy, PhD, MBA
Therapeutics Committee Chair
Adam has 20 years of scientific background with multiple publications and grants. His various roles range from Principal Investigator of a Nanotech start-up to Chief Science officer. Adam invented and patented the core technology for the Ess line of products.
What once was primarily viewed as a support function and cost center, Information Technology functions are becoming critical strategic factors across our regional startups and boardrooms. Traditional Midwest bluechip organizations that historically followed in the footsteps of the Coasts are now leading the way, influencing a new breed of disruptive and innovative organizations that are trailblazing into new areas of unexplored tech. Keiretsu Forum Midwest members are supporting these game-changing efforts.
Brian is an accomplished business and technology executive who defines and leads progressive strategic growth initiatives. He is currently the Central Region General Manager at Artium Technologies.
With over 20 years of technical and executive experience, Brian has worked with firms of all sizes, from startups to Global Fortune 1000, across a variety of regulated and non-regulated industries both domestically and globally. Brian’s passion is leveraging his breadth of technical experience and personal network to help people and organizations build new capabilities, widen their perspectives and create accelerated roadmaps towards realizing visions and goals.
Cannabis as an emerging market is one of the most exciting transformational industries and economies of our lifetime. This dynamic landscape is nuanced and a potentially incredible opportunity. The majority of Americans favor some form of legalization, and as a society we have the chance to right some of the historic wrongs brought on by the war on drugs, provide safe and clean access to both recreational and medicinal cannabis and help establish one of the fastest growing markets today. The US market alone is projected to be $43B by 2025 (according to New Frontier Data). As many as 11 new states are scheduled to come on line by 2022 with over 40 states providing licenses for recreational and/or medicinal sales. Potential investment opportunities exist across the ecosystem from supply chain to retail and medical and pharmaceutical advancements are emerging as well. Early stage investments provide substantial upside opportunities and risks. As the markets mature so will the entrepreneurs and capital entering the space. The potential banking and legal re-classification of cannabis will provide new inflection points for another wave of substantial growth for this emerging market.
Cannabis Committee Chair
Josh is a lifelong entrepreneur and second generation cannabis industry veteran. He has a background in natural medicine and nutrition, and spent over a decade in leadership positions in both music and fashion, working with industry leaders Live Nation, Nike, Amazon, StitchFix and many more. Unique to Josh’s experience besides legacy work in cannabis, is his ability to build brands and teams while applying best practices in established industries focused on startups, consumer experiences and revenue generation. Currently, Josh is CEO of Farm + Factory, a multi-brand cannabis parent company. He also advises a number of additional companies in the emerging cannabis industry.
Shorthand for financial technology, FinTech is a rapidly growing industry where new technology seeks to improve and automate the delivery and use of financial services and products. At its core, FinTech is utilized to help companies, business owners and consumers better manage their financial operations, processes and lives.
FinTech companies range from companies developing specialized software and algorithms used to offer new financial products, revamp old and stale processes and improve the quality of user experiences and outcomes. From payment processing to online lending, alternative data to cryptocurrency, FinTech covers a large swatch of businesses including education, retail banking and investment management.
Despite the setbacks of 2020, the global FinTech market is expected to grow at a compound annual growth rate of around 20 percent between 2020 and 2025 and is expected to reach a market value of around US$305 billion in that time. Growth in venture capital investment, investor interest and private equity investment have all helped fuel innovation and investment in FinTech.
Randy Rivera has spent nearly two decades leveraging his experience in financial services to help entrepreneurs solve complex problems. Randy is Executive Director of FinTEx, a trade association focused on expanding Chicago’s role as an epicenter of innovation in FinTech. As Executive Director, he is responsible for leading FinTEx as the organization continues to fuel Chicago’s FinTech ecosystem and supports start-ups, corporate innovators and investors interested in supporting the FinTech space.
Smart Cities are no longer a thing of the Jetsons. We are seeing technologies permeate into our homes, our streets, our airports and our cars. All these technologies have baseline interests in common: to simplify and streamline the way things are done in our cities; to increase sustainability and efficiency; and to improve our quality of life. Keiretsu Forum Midwest members are interested in establishing a platform for growth of companies drawn to this space and promoting their rapid advancement in the ecosystem.
Sotiris Pagdadis, PhD
Smart Cities Committee Chair
Sotiris is a strategist, problem solver and entrepreneurial investor. He is president of Keiretsu Forum Midwest and Lambousa Enterprises. He previously served as a Principal at PwC in a variety of global and national roles and Managing Director at the law firm of MLA, focusing on procurement advocacy, governmental affairs and PPPs. Earlier he was Global VP of public sector strategy at CA Technologies, Inc. He began his career as a university professor at the Polytechnic Institute of NYU, where he created his first technology innovation lab.
Ever since the Wright Brothers took to the skies, aviation has captured our imagination. The world has become much smaller and accessible. Private rockets cost 1/20th of their predecessors. Jets burn half the fuel as before while creating a minuscule noise and pollution footprint. Engines come with intelligence that can mitigate disasters and significantly decrease operational cost. Drones are being used in ways that were unimaginable 5 years ago and tourists are orbiting the earth. Keiretsu Forum Midwest members are interested in supporting high-growth technology companies drawn to this space and promoting their rapid advancement in the ecosystem.
Aerospace Committee Chair
After Park wrote the instructions for astronauts to deploy 11 satellites from the Space Shuttle and monitored their activities as the youngest NASA front room Mission Controller, he moved into the commercial arena where he assumed leadership roles on a multitude of projects with a special interest in those that were declared impossible by the experts, had an entrenched competitor and those that others couldn’t seem to finish.
Alternative Energy & CleanTech
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