Positive Performance: 2009 B.E. Small Business Award Nominees

Our finalists prove tougher than today’s economy

INNOVATOR OF THE YEAR NOMINEES
This award is given to the business flourishing in an innovative industry or approaching business/entrepreneurship in a groundbreaking manner via their products and/or services.

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iWave Technologies L.L.C. dba iCubed International L.L.C.
Type of business: Manufacturer of portable appliances
Founder/Managing Member: Phil Davis
Location: Cleveland
www.iwavecube.com
Phil Davis’ flagship product is the iWavecube ($149.95), a miniature microwave weighing only 12 pounds. Last year’s revenues exceeded $100,000. Davis owns the patents on the iWavecube in both the U.S. and China. Next to launch in fall 2009 is a portable toaster (iToastcube) as well as a refrigerator (iFridgecube).

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Group4 Labs Inc.
Type of business: Develops diamond-based semiconductors for highly energy-efficient micro-electronics
Co-Founder/CEO: Felix Ejeckam
Location: Menlo Park, CA
www.group4labs.com
Launched in 2003, Group4 Labs produces the world’s first diamond-based semiconductors for use in wireless, GPS satellites, and more. Its patented technology—Gallium Nitride-on-Diamond—enables 10-times more energy-efficiency than its competitors. The 12-employee firm realized $1.25 million in 2008 revenues. Clients include NASA and the Dept. of Defense.

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Rainey Compression Essentials
Type of business: Designer, manufacturer, and distributor of post-operative garments
President/CEO: Russell Rainey
Location: Atlanta
www.raineywear.com
Rainey Compression Essentials earns revenues of $1.1 million as a provider of post-operative garments for the plastic surgery industry. Looking beyond U.S. borders, the company is taking advantage of the booming plastic surgery market in the Caribbean.

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ACROSS THE WEB
  • http://www.bailoutresponseteam.com/ Wyteria Jacobo

    Keep these positive examples coming. It kills the notion that black kids are less ambitious and less successful than kids of other races.

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  • http://www.aegiftzone.com Sis Afrika Porter-Ollarvia

    So proud of our children. The honorable Marcus Mosiah Garvey would be/is PROUD! mY SONS ARE EXTREMELY proud! Keep on keeping on!