PORTLAND — William Sulinski says part of the success of his company, AccelGolf, was the willingness to start transforming an idea into a real product.

Kerem Durdag
CREATEMAINE
WHERE: Abromson Continuing Education Center, USM Portland Campus
WHEN: 6 p.m. Tuesday
WHAT ELSE: Entrepreneur Week in Maine includes events in Portland, Bangor, Falmouth and other towns. For more information go to www.eweekmaine.com
For AccelGolf, that product was a real-time scorecard, range finder and game analyzer that works on smartphones such as the iPhone and BlackBerry.
Now just a few years old, the company is growing. AccelGolf users are increasing and the company has secured new investment funding for future projects, said Sulinski, 26.
Sulinski will be among six entrepreneurs under age 30 taking part in CreateMaine on Tuesday at the University of Southern Maine.
Organizers hope the examples of young business owners will help motivate high school and college students to create businesses in Maine.
The discussion is part of a larger series of workshops and gatherings around the state for Entrepreneur Week, a national effort to support new businesses.
Sandra Stone, project coordinator with the Maine Center for Enterprise Development, said the local Entrepreneur Week events are meant to bring together independent business owners to share stories and ideas.
“Maine has traditionally done a good job building small businesses,” she said.
But expanding those businesses beyond two to three people can prove difficult, she said.
Sulinski’s company began as the winner of a business plan competition at USM in 2008.
This year, the company raised $550,000 in funding from angel investors and the Maine Technology Institute.
While Maine may not have a large technology sector, it’s growing, Sulinski said.
“In the current tech world, all it really takes is a couple of smart guys building technology to make a successful company,” Sulinski said.
“You can do it. The resources are there.”
For Maine’s economy to grow, the state needs young entrepreneurs, said Kerem Durdag, organizer of CreateMaine.
“Maine is a very old state; we need the next generation to take over,” he said.
Durdag, a partner in BlueWave Investments, said that as jobs in traditional industries disappear, it will be crucial for new industries to take their place.
Durdag said young people need to recognize there is a network, including colleges, business incubators, mentors and investors, that can help them start new businesses.
“It’s simple: We want to inspire kids to start their own companies in Maine,” he said. “We want to tell them and show them there are people who have done it.”
Becky Stockbridge McKinnell, founder and president of iBec Creative, credits the growth of her Web design company to the fact that she stayed in Maine.
“I feel if I went back to Massachusetts after graduating, I wouldn’t have had the same opportunities I’ve had in Maine,” said McKinnell, who will also speak at CreateMaine.
McKinnell, 26, took part in a business plan competition as a student at USM and later the business incubator program at the Center for Enterprise Development.
With help from other professionals and networking with other businesses, she has grown her company from one person to five. Last fall, she was named one of the top 25 entrepreneurs in the nation age 25 and under.
But even with help, there is plenty that young business owners have to learn on their own, she said.
“When you’re the only owner, you also have to be the No. 1 sales person,” she said.
McKinnell said it takes time and commitment to build up a reputation with clients, but when you start your own company, motivation shouldn’t be a problem.
“There’s a lot on the line,” she said. “Your paycheck depends on how hard you work.”
Staff Writer Justin Ellis can be contacted at 791-6380 or at:
jellis@pressherald.com
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8 COMMENTS
Jake said...
Most likely, they will take their ideas and leave Maine with them because of the oppressive taxes and regulations on business here. Maine's leadership needs to wake up to the situation facing business here.
February 22, 2010 at 6:07 AM Report abuse
mainecommenter said...
Actually, Jake, the biggest impediment is the lack of capital from Angel and VC funds. Most VC firms are in Silicon Valley or the Boston area. Proximity and relationships with these firms is paramount.
February 22, 2010 at 6:47 AM Report abuse
said...
hahaha....VC funds...you mean fake money created out of CDS and other "securitized" debt. Good luck with that!! AND, with a global market and communications as they are, "proximity" really isn't an isssue. What IS the issue, is, as Jake mentioned, the abysmal business climate in this state!! Sure hatch the idea here, but if you have ANY brains, you would launch your business in a state like Texas, Florida, or North Dakota.
February 22, 2010 at 7:09 AM Report abuse
mainecommenter said...
said, you apparently have no clue as to how the VC industry works. And I never said the business climate in this state was good. Jake is partially correct in stating that antagonistic regulations and the higher tax burden have a detrimental effect on investments. However, the total picture on how to support an entrepreneurial sector is much greater than those two factors.
February 22, 2010 at 9:17 AM Report abuse
Areal entrepreneur said...
Once all the subsidies disappear, and they tired of picking off the parasites---green directories that want you to give your products away cheap and pay them for the favor, investors who want full control over your product and a 36% r.o.i. then these people will move to another place.....didn't most of them come from out of state attracted by subsidies?....sort of like Somali's from Atlanta, eh?
February 22, 2010 at 11:24 AM Report abuse
Jake said...
mainecommenter, what is your solution? do you take more taxes from the good people of Maine and give it to these start-ups? Whenever you create a "benefit" for one group, you create a cost for someone else. Smaller government, lower taxes and less oppressive legislation is the answer.
February 23, 2010 at 6:05 AM Report abuse
Jake said...
mainecommenter, what is your solution? do you take more taxes from the good people of Maine and give it to these start-ups? Whenever you create a "benefit" for one group, you create a cost for someone else. Smaller government, lower taxes and less oppressive legislation is the answer.
February 23, 2010 at 6:05 AM Report abuse
MECommenter said...
Again, Jake, we don't disagree. However, don't expect a crush of new investment if we every substantially cut taxes. There are other factors such as an educated workforce, good roads, strong R&D centers, etc... There is no magic bullet but a variety of solutions that, if accomplished in concert, can encourage private sector investment.
February 23, 2010 at 5:36 PM Report abuse