The Canary 100, a consumer product that detects radiation in food that was developed by EV Enterprises in the Coachella Valley iHub in downtown Palm Spring, CA has been chosen for by Forbes Magazine for their annual article on tech holiday gifts from start-up businesses.
EV Enterprises that recently moved their entire operation from Flagstaff, Arizona to the Coachella Valley iHub Accelerator Campus in Palm Springs developed this clever device after having been asked for a solution at a local organic farmer’s market. In late July, Bill Schlanger, EV’s president asked Joe Wallace, the iHub’s managing director about the idea of a hand held radiation detector. In a period of 3 days Wallace and the iHub raised sufficient investment dollars to support building a prototype. Three weeks later Schlanger had a working model and three months after that the first production items were completed. The program that has now been established by the iHub as it’s 3-3-3 program with its mission to fund promising ideas in 3 days to prove the concept in 3 weeks, and begin production in 3 months.
The realization of EV Enterprises idea came about without a formal business plan or the involvement of any banks. “This is the way it was done in Silicon Valley back in the 80’s and 90’s” said Wallace in response to a question about the rapidity of the development of the Canary 100. “When the critical elements of a good idea, capital, and talented ambition come together a near magical reality can happen. Bill and his team being featured in Forbes is the exclamation point on an excellent first year for the iHub and it’s clientele” Wallace continued.
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Note: Joe Wallace is a mechanical engineering graduate of the University of Evansville and Stanford University and served as the founding CEO of the Growth Alliance for Greater Evansville before relocating to Rancho Mirage, CA. He also serves as a columnist for the City County Observer and advises several Evansville area businesses.