Buzz

Brecksville-based MOVABLE has raised $775,000 that it will use to ramp up sales and improve its products--colorful plastic wristbands designed to help people track how physically active they are, and software they use to access that data.

MOVABLE received $250,000 of that total from JumpStart Inc. The rest came from about a dozen individual investors. The company has raised $1.9 million since it was founded in 2011.

Read the whole story here.

Overconfidence can be fatal for start-ups. That's why seed investor Mike Venerable, managing director of digital, software and health tech at CincyTech and a member of the CincyTech investment committee, prefers founders with unconventional traits.

Read the the whole Q & A between Venerable and Inc.com here.

FlashStarts partners Charles Stack and Jennifer Neundorfer will work with Oberlin College’s existing entrepreneur program throughout the year to provide guidance and mentoring to students. At the end of the program, one team will be selected for the Oberlin Entrepreneurship Fellowship at the FlashStarts Accelerator.

Read the whole story here.

For Dr. Hiro Fujita, CEO of QED, all of the elements of success lined up. But it wasn't fate that enabled the Cleveland-based manufacturer of advanced coils and electronics for magnetic resonance imaging (MRI) machines to become so successful that in 2010 he was invited to meet with President Obama.

Read Fujita's entire profile for Industry Week here.

Dublin-based IGS Energy plans to build and operate a new compressed natural gas fueling station in Girard, the first of its kind in the Mahoning Valley.

Read the full story here.

When all work is complete, German-based manufacturer Festo Corp., makers of electric automation and pneumatic technology, will have its largest U.S. location in Mason, Ohio. The 175,000-square-foot regional service center will employ about 250 people, making it larger than the company’s Hauppauge, N.Y., headquarters, president and CEO Richard Huss said.

Read the full story here.

GE Aviation in Cincinnati is revolutionizing the age-old rules of manufacturing and design with additive manufacturing, a 3D printing technology.

Watch a video of the new machine here.

The Dayton Business Journal has named four new members of its 40 Under 40 Hall of Fame.

2011 marked the addition of the Hall of Fame to the 40 Under 40 awards program and was designed as a way to further honor those past winners who have continued to grow within their careers and have a positive impact on the local community.

Read the full story here.

A $350,000 grant will kick off renovation of the new Franklinton headquarters for the Columbus Idea Foundry, a community workshop seen as a key to redeveloping the neighborhood by investing in the creative economy.

Read the full story here.

It's time again for BioOhio to host a few parties around the state, bringing Ohio's bioscience players together for networking, talking shop, and putting faces to names.

Dates include June 12, 18 and 26.

Register and get more information here.

The dean and chief administrative officer of the Trumbull campus of Kent State University, Robert Sines, has been named interim dean of the university’s college of science, technology, engineering and mathematics (STEM). He will serve in that post through June 2015.

Read the full story here.

Despite a slow descent in unemployment, the rate for African Americans remains the highest of any group, both in Ohio and nationally.

The National Urban League has picked Cleveland to launch a $100 million, five-year effort to address the situation.

Read the full story here.

Automated external defibrillators (AEDs) are available in schools, churches, fitness centers and other places across the community to rescue people experiencing sudden cardiac arrest, but no master list exists to let emergency medical responders or well-intentioned citizens know exactly where those AEDs are located.

Read the whole story here.

The fifth annual Youngstown State University Sustainable Energy Forum, featuring more than 200 academicians, energy-industry leaders, government officials and entrepreneurs, will take place June 3 and 4 at Youngstown State University.

Read the full story here.

The Timken Company announced the continued expansion of its industrial services capabilities with the acquisition of the Standard Machine business based in Saskatoon, Saskatchewan, Canada.

Read the full story here.