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Human Capital Company locates at UI Technology Innovation Center

The newest tenant in the University of Iowa Technology Innovation Center (TIC) is The Human Capital Company, L.L.C., which provides organizational development related training and consulting services for small- to medium-sized businesses and entrepreneurially-led firms.

The Board of Regents, State of Iowa approved the company's lease at the TIC at its May meeting. The Human Capital Company will be located in Suite 19 of the TIC.

The Human Capital Company, started in 2000, creates modular training and consulting programs to address the specific needs of client companies. It will offer training and consulting services for small- to medium-sized companies, allowing them to enjoy the same opportunities to achieve growth and profitability as larger firms, said president and chief executive officer Kenneth W. Klein.

"We intend to become leaders in business consulting. Our strategies and processes are being developed with this objective in mind. Our goal is to have 100 offices in 10 years with annual gross revenues exceeding $100 million. The Human Capital Company is currently providing clients with market research and "advanced communication techniques for business professionals' training," said Klein.

Klein is a UI graduate, earning a bachelor's of business administration degree from the Henry B. Tippie College of Business in 1997 and competing on the UI wrestling team. He was chief operating officer and general manager of the Portland Pythons indoor soccer team.

Jason Happel is also on The Human Capital Company management team, serving as executive vice president and general counsel. He received his law degree from the UI in 1997 and gained litigation and contractual business experience as an associate attorney at the Singer Law Firm in Ames.

Klein and Happel are currently second-year MBA students at the UI.

Todd Schoeder will be vice president of management and operations and brings expertise in business start-up and management to The Human Capital Company. He is coordinating expansion of a new design division for a Denver architectural firm and was an operations manager and merchandise manager at Best Buy Co.

Andy McNamara, the Human Capital Company's director of sales and marketing, has spent the last seven years developing public relations strategies for professional and collegiate sports programs, including being vice president of media and public relations for Portland Professional Soccer.

The company also received assistance from the John Pappajohn Entrepreneurial Center at the UI to begin operations. In December 2000 the company won the John Pappajohn Statewide Business Plan Competition and was awarded one of three seed grants. The Human Capital Company is currently seeking funding from venture capital firms and angel investors.

One of the university's technology transfer programs, the TIC was established in 1984 to nurture new technology-based business ventures and to encourage those companies to establish relationships with the UI.

With the addition of Human Capital, the TIC will have 15 tenant companies. Some 17 TIC "graduate" firms have expanded their business after leaving the incubator.

To contact The Human Capital Company, call (319) 330-9920 or 330-9890. For additional information about the TIC, contact Tom Bauer, associate director, at (319) 335-4067.


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