Skip to main content

WSU grad starts company with credit card, expects 2014 revenue of $500K


Ann Arbor-based AMF-Nano Corp. is the tech equivalent of "It takes a village to raise a child."

For founder and President Rakesh Katragadda, his company is the metaphorical child, born in 2009. The village is what has grown into a statewide entrepreneurial support system that has helped him reach about $100,000 in revenue this year and a projection of $500,000 to $1 million next year and up to $12 million in three or four years. 

Katragadda's company, which has three patents, makes wireless environmental sensors about the size of a penny that monitor water and air quality, temperature, humidity, soil quality and other conditions. It employs five and has had entrepreneurial support from institutions and people ranging from Troy to Traverse City to Iowa. 

Katragadda, 32, who got his master's degree in engineering from Wayne State University in 2007, worked on a retinal eye implant project for the Kresge Eye Institute, then as a consultant for Kalamazoo-based Stryker Corp., before using $30,000 in credit card debt to found AMF-Nano.

He now rents a small office and lab space at the University of Michigan's Lurie Nanofabrication Facility, where he designs and builds silicon-based sensor prototypes for uses including medical devices, manufacturing and agriculture.

Michael Drake, director of corporate relations for UM's College of Engineering, said the purpose of having for-profit companies like AMF-Nano use university facilities is that in addition to leveraging UM facilities for societal good, having private-sector users sharing space with students allows those students to learn lessons in product development and real-world demands. 

Katragadda has formed a crucial relationship with General Motors Components Holdings LLC, a division of GM that is helping prototype a sensor to monitor tire pressure in cars at its large industrial sensor fabrication facility in Kokomo, Ind.

GM will also build AMF's sensors as he ramps up production for members of the Iowa Family Farms, an association of hog farmers. Sensor sales to pig farmers account for most of his current revenue. The farmers use the sensors to monitor the environment in barns.

GM Components Holdings has been trying to bring the Kokomo plant to full capacity since 2011 by forming partnerships and joint ventures. Brian King, the plant's business development manager, said he couldn't discuss specifics but could confirm a partnership involving sensor design and manufacturing. 

"Rakesh has a great technology and he's relentless," said Bill Mayer, director of entrepreneurial services at Ann Arbor Spark, who helped Katragadda get an investment of $50,000 from the Michigan Pre-Seed Capital Microloan Fund.

That's a matching-fund program. G. Krishna Kumar, a Troy-based gastroenterologist, was the first investor in AMF-Nano and is its CEO. He said he met Katragadda several years ago and was intrigued by the potential for wireless sensors to be implanted in the human body to give real-time feedback on such things as aortic grafts. 

They decided the quickest and cheapest path to market was to target agricultural and industrial applications — which, unlike medical devices, don't require approval by the U.S. Food and Drug Administration and costly trials.

"There are so many opportunities for the technology. It's my job to focus (Katragadda) and set a road map in front of him," said Arcadio Ramirez, a Michigan Small Business Technology Development Center consultant who helps early-stage entrepreneurs refine business plans and hone market opportunities.

Ramirez negotiated with GM and introduced Katragadda to Chris Wendel, a consultant with Marquette-based Northern Initiatives, a nonprofit community development corporation that provides entrepreneurs with access to capital, consulting help and markets.

Wendel, in turn, introduced Katragadda to Nikki Rothwell, who has a split appointment to the Michigan Agricultural Research Station and the Michigan State University Extension, both in the Leelanau Peninsula northeast of Traverse City, which is home of many vineyards. He also arranged a meeting between Katragadda and Lee Lutes, head wine maker and general manager of Black Star Farms, one of the peninsula's largest and most successful commercial operations.

Rothwell said MSU operates one weather tower in the Leelanau, which is hardly enough for the grape growers, whose slopes contain microclimates that can have different conditions just yards apart, conditions at some times of the year that can be crucial. 

Grapes lower on a hill might be in air warm enough where frost isn't a concern. A bit up the hill, frost could be imminent without growers taking action, she said. 

Rothwell said AMF's nanos could provide the kind of real-time data that keeps crops healthy, and she is pursuing a state grant that will verify how well the sensors work and their potential value to growers. 

The potential applications of the technology include frost protection, disease control and pest mitigation. 

Lutes said Katragadda is to deliver a proposal to Suttons Bay-based Black Star Farms in December to become a supplier of sensors. 

"Water monitoring, for example, is important, especially in sandy soils that are prone to drought stress. This is technology that can serve a multitude of purposes," Lutes said. 

Lutes said AMF can help not just with existing vineyard stock, but with a cloning project Black Star Farms is involved in to introduce particularly valued vines to his and his supplier's slopes. 

He is working on the cloning project with David Milarch, of the Copemish-based Archangel Ancient Tree Archive, who recently got headlines nationwide for successfully cloning a dying redwood planted by fabled conservationist John Muir in the 1880s on his ranch in Martinez, Calif.

Said Lutes: "I am certain these sensors can play a role in doing soil analysis and weather monitoring prior to planting to make sure we match certain clones to the right sites." 

Comments

Popular posts from this blog

Kamma Cine Heroes

1) N.T.Rama Rao 2) Akkineni Nageswara Rao 3) Gattamaneni Krishna 4) Sobhan Babu (Uppu Sobhana Chalapathi Rao) 5) Gummadi Venkatwsara Rao 6) Maganti Murali Mohan 7) Manchu Mohan Babu 8) Kongara Jaggayya 9) Giri babu (Yerra Seshagiri Rao) 10) Sridhar Surapaneni  11) Madala Ranga rao 12) Nandamuri Bala Krishna 13) SaiChand Tripuraneni 14) Akkineni Nagarjuna 15) Daggubati Venkatesh 16) Gadde Rajendra Prasad 17) Raja Sekhar (Kasukurthi) 18) Daggubati Raja 19) Bhagya Raj 20) Nandamuri Hari Krishna 21) Veeramachineni Jagapathi Babu 22) Meka Srikanth 23) Vadde Naveen 24) Tottempudi Venu 25) Gattamaneni Mahesh Babu 26) Junior. N.T.R 27) Sivaji Sontineni 28) Nandamuri Taraka Ratna 29) Nandamuri Kalyanaram 30) Yarlagadda Sumanth 31) Tottempudi Gopi Chand 32) Manchu Vishnu Vardhan 33) Manchu Manoj 34) Edara Naresh 35) Edara Aryan Rajesh 36) Ram Pothineni  37) Myneni Sarvanand 38) Daggubati Rana 39) Akkineni Naga Chaitanya 40) Nani (Ghanta Naveen Kum...

List of 30 Kamma Billionaires and rankings

The IIFL Wealth Hurun India Rich List 2021 shows that India has more than 1,000 individuals who have a net worth of  ₹ 1,000 crore or more across 119 cities. The cumulative wealth in the country has gone up by 51 per cent, while the average wealth has also increased by 25 per cent, the report by Hurun India said. 30 Kamma business and industrialists finds place in the list from AP, Tamilnadu, Karnataka and Maharashtra. 14. Murali Divi Rs76,000 crores Divis Laboratories 179. Venkateswarlu Jasti 9,600 crores Suven Pharma  190. Veeraiah Chowdary Nannapaneni 9,100 crores NATCO Laboratories  209. Chava Satyanarayana 8,400 crores Laurus Labs 264. Satya Nadella 6,200 crores Microsoft 368. Mandava PrabhakaraRao 4,300 crores Nuziveedu seeds 377. Ella KrishnaMurthy 4,100 crores Bharat Biotech 384. Doppalapudi Bhaktavatsala Rao 4000 crores Privi Speciality Chemicals 398. Galla Ramachandra Naidu  3,900 crores Amara Raja Batteries  398. Chinta VisveswaraRao 3,900 crores...

Telugu TV Channels own and run by Kammas

1) ETV - Cherukuri Ramoji Rao 2) Gemini - Akkineni Manohara Prasad (Founder and stake holder) 3) MAA - (MAA - Music, MAA Movies) Nimmagadda Prasad, Akkineni Nagarjuna (Majority stake holders - Then sold to Sony) 4) TV9 - Velicheti Ravi Prakash, minority stake holder holds the grip 5) ETV2 - Cherukuri Ramoji Rao 6) TV 5 - Bollineni Rajagopala Naidu 7) NTV - Tummala Narendranath chowdary 8) Studio N - Narne Srinivasa Rao, sold to SivaramPrasad Vasireddi 9) Mahaa TV - Inaganti Venkatarao now taken over by Sujana Chowdary 10) I News - Tummala Narendra and Sabbineni Surendra (sold to Kiran Kumar Reddy) 11) ABN Andhra Jyothi - Radhakrishna Vemuri 12) Bhakti - Tummala Narendranath Chowdary 13) Vanitha - Tummala Narendranath Chowdary 14) ATV - Anil Sunkara  15) CVR News - Chalasani Venkateswara Rao 16) CVR Health - Chalasani Venkateswara Rao 17) Om TV - Chalasani Venkateswara Rao 18) YTV - Yalamanchili Venkateswara Rao (Aired from Vizag) 19) Express ...

Kamma Movie Directors

List of Kamma Movie Ditrectors 1) Gudavalli Ramabrahmam 2) Akkineni Lakshmi Vara Prasad (LV Prasad) 3) Kovelamudi Bapayya 4) Veeramachineni Madhusudhana Rao 5) Kovelamudi S.Prakasa Rao 6) Kolli Pratyagatma 7) G.Sambasiva Rao 8) Tammareddy Krishnamurthy 9) Mannava Balayya 10) Tatineni Prakasa Rao 11) Tatineni Rama Rao 12) Tatineni Prasad 13) Kovelamudi Raghavendra Rao 14) Gutta Ramineedu 15) Kolli Hemambaradhara Rao  16) Uppalapati Visveswara Rao 17) Tripuraneni Maharadhi 18) Tripuraneni Gopichand 19) Tottempudi Krishna 20) Madala Ranga Rao 21) Siva Nageswara Rao 22) Uppalapati Narayana Rao 23) P.Sarat 24) A.Mohan Gandhi 25) Bezawada Gopal 26) T.Kranthi Kumar 27) Maganti Vijaya Bapineedu 28) Tammareddy Bharadwaj 29) Akkineni Kutumba Rao 30) K.Vasu 31) Edara VV Satyanarayana 32) Muppalaneni Siva 33) Yalamanchili VS Chowdary 34) Theja Jasti 35) Sreenu Vytla 36) Koduri Srisaila Sri Rajamouli 37) Vemulapalli Srikanth 38) AS Ravikumar Chowdary 39)...

Kakatiya Rulers of Bastar - Princely state

PRESENT RULER: Maharaja KAMAL CHANDRA BHANJ DEO , 22nd Raja of Bastar (1996/-)  born about 1984, educated at Coventry University, U.K. (Master of Science Degree in International Business) and at L.S.E., U.K. (Master of Political Science Degree) Bastar king Kamal Chandra Bhanj Deo PREDECESSORS AND SHORT HISTORY: The state was founded in the 15th century, and was the 11th largest Princely State by area. Rulers were... Bastar Palace  Raja ANNAM DEV, 1st Raja of Bastar : The princely state of Bastar was established around 1324/1369 AD, when Annama Deva, brother of the last Kamma Kakatiya King, Pratapa Rudra Deva (1290-1325), left Warangal and established his kingdom at Bastar, defeating the Nagvanshi Raja, and established his capital at Mudhota under the protection of the goddess, Danteshwari, who still is the tutelary deity of Bastar region, her famous Dantheshwari Temple stands today at Danthewada, also named after her.  Annama Deva ruled till ...

List of Kamma Cine Heroes (Updated)

List of Kamma Movie stars: 1) Nandamuri Taraka Rama Rao 2) Akkineni Nageswara Rao 3) Gattamaneni Krishna 4) Sobhan Babu (Uppu Sobhana Chalapathi Rao) 5) Gummadi Venkatwsara Rao 6) Maganti Murali Mohan 7) Manchu Mohan Babu 8) Kongara Jaggayya 9) Giri babu (Yerra Seshagiri Rao) 10) Sridhar Surapaneni (Mutyalamuggu fame) 11) Madala Ranga rao 12) Nandamuri Bala Krishna 13) SaiChand Tripuraneni 14) Akkineni Nagarjuna 15) Daggubati Venkatesh 16) Gadde Rajendra Prasad 17) Raja Sekhar (Kasukurthi) 18) Daggubati Raja 19) Bhagya Raj 20) Nandamuri Hari Krishna 21) Veeramachineni Jagapathi Babu 22) Meka Srikanth 23) Vadde Naveen 24) Tottempudi Venu 25) Gattamaneni Mahesh Babu 26) Junior. N.T.R 27) Sivaji Sontineni 28) Nandamuri Taraka Ratna 29) Nandamuri Kalyanaram 30) Yarlagadda Sumanth 31) Tottempudi Gopi Chand 32) Manchu Vishnu Vardhan 33) Manchu Manoj 34) Edara Naresh 35) Edara Aryan Rajesh 36) Ram Pothineni 37) Myneni Sarvanand  38) Daggubati Rana...

Challapalli Fort - History of Yarlagadda Zamindars

Challapalli is a village in Krishna district of the Indian state of Andhra Pradesh. It is located in Challapalli mandal of Machilipatnam revenue division. The Rajah of Challapalli, Srimanthu Raja Yaralagadda Ankineedu Prasad Bahadur Garu built this Palace in the early 18th centaury. Then onwards Challapalli became the capital for the Devarkota Estate and the town developed around the palace. It remains as a great example of Andhra architecture to this very day. . The last crowned monarch of Challapalli was Srimanthu Raja Yaralagadda Shivaram Prasad Bahadur Garu (1906-76). As of 2012, the Royal family members no longer reside in the fort. Yarlagadda Rajas of Challapali fort and Zamindari that ruled this area from 15 century now the kingdom has gone due to land cease act that was kept by the Indian Government but their greatness was in the words of the people in that area . The Raja of Challapalli (Devarakota) in Krishna district was among the richest of the Rajahs and h...

'Soggadu' of Tollywood Sobhan Babu passes away

'Andhra Soggadu' Sobhan Babu died at his home in Chennai after he suffered a fatal spinal injury when he fell from the staircase. Shobhan was 71 years old and is survived by four children — three daughters and one son Born as Uppu Sobhana Chalapathi Rao to a middle-class family in a small village China Nandigama near Mylavaram Krishna District, Sobhan went on to become a romantic icon and was the top Tollywood hero for two decades. He made his film debut with Daivabalam directed by Vasanthkumar Reddy, but his first film to hit the screens was Bhakta Sabari. Shobhan's Manushulu Maarali ran for 25 weeks, a record-breaking achievement in those days. He received the Filmfare Award four times, the Nandi Award five times and the AP Cine Goers Award eight times. The real surprise is that the Telugu actor won the Madras Cine Fan's Association's best actor award 9 times in his 40 years long career. Although, Shobhan Babu was a widely acknowledged actor down south, he was ne...

MR Doreswamy Naidu nominated to the Karnataka Legislative Council

MR Doreswamy Naidu nominated to the Karnataka Legislative Council on Monday took oath of office. M R Doreswamy Naidu (Native of Chittor District) is a known name in the field of education. He is founder chairperson of PES Education Institutions. He runs a chain of institutions including 30 colleges.“Undoubtedly my contribution to the field of education has been recognised. For the last three-and-a-half decades I am in education field. Though I am not associated with the BJP, I have RSS background. My association with Yeddyurappa and other leaders is 35 year old" he said.

Richest man in Andhra Pradesh

It is neither Reddy nor Raju. It is only Kamma .. According to the Forbes magazine, Lagadapati Madhusudhan Rao ( 41 ) is the richest person in Andhra Prades h stands at No- 33 among the richest persons in India . Also he is the youngest in the list, there is no Andhrite in the list. Lagadapati Madhusudhan Rao is the Chairman - Lanco Infratech Ltd , the Hyderabad-based diversified group. His net worth is 1.9 billion dollars., ahead of Vijay Mallya, N.R. Narayana Murthy. Divi Murali of Divi's Lab is narrowly missed the berth in the list. Murali, best of luck next year..