Wine Preserving Technology Launched by Purdue Grad

Posted: Updated:
(Image courtesy of R Fred Innovations LLC) (Image courtesy of R Fred Innovations LLC)
CHICAGO -

A Purdue University graduate has developed technology he says can keep wine fresh for days, even in an open bottle. ArT Wine Preserver is a creation of Chicago-based R Fred Innovations LLC founder Ryan Frederickson that uses contained argon to prevent oxidation, which causes wine to spoil. He says $1 billion to $2 billion worth of wine is estimated to be thrown away each year in the U.S. During The INnovators with Dr. K on Inside INdiana Business Television, Frederickson said he is working toward securing a full patent on his product and creating inroads on the Coasts.

The company is young and has been bootstrapped by friends and family to this point, but Frederickson believes the business is ready for the next level. "To serve our customers better, we are looking into raising a seed round (of investment) with angel and angel syndicate groups," he told Donald "Dr. K" Kuratko, who serves as Jack M. Gill Chair of Entrepreneurship at the Indiana University Kelley School of Business in Bloomington. ArT Wine Preserver is currently sold online and he expects to take a "top-down" approach, selling to wine industry professionals, then directly to consumers.

Dr. K offered his "prescription" to Frederickson, which includes:

  1. Understanding the benefits of ArT Wine Preserver
  2. Build distribution and sales network
  3. Capital for next generation (brand and patent-pending innovation)

You can connect to more about the company by clicking here.

  • Perspectives

    • Want to Build a Culture of Experimentation? Embrace Failure First

      Failure. It’s not something all business leaders are comfortable embracing, yet it’s integral to success. That’s because failure signals attempt - and without those undertakings, none of the world’s greatest inventions would have ever come to fruition. So when company leaders decide they want to cultivate a culture of experimentation within their company, it’s important they understand the value of embracing failure. It’s not only a great way to...

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • Scotty's Brewhouse Files For Bankruptcy

      Indianapolis-based Scotty's Brewhouse has filed for Chapter 11 bankruptcy protection. The company says the decision was "driven largely by the challenges of some specific locations and was necessary because of the way the company was structured corporately." As a result of the deal, Scotty's will close four of its restaurants by the end of the year. In a news release provided to Inside INdiana Business...

    • Indy Airport to Introduce New Airline

      Indianapolis International Airport will today host an event to welcome a new airline. Airport officials say the provider will add more routes to IND's growing roster of options. Earlier this month, the airport reported record-breaking traffic in the third quarter. IND said the more than 2.4 million passengers that passed through the airport in the third quarter of 2018 marked an 8 percent year-to-date increase over last year and the best third quarter in the facility's history.

    • FFA Bid Draws 'Fierce' Competition

      Visit Indy says the National FFA Organization's decision to keep its annual convention in Indianapolis is the result of nearly a year of negotiations. The Indy-based organization Tuesday announced Indianapolis would continue to host the event through 2031. Chris Gahl, senior vice president of marketing and communications with Visit Indy, says the FFA needed to book the convention that far out for various reasons, including date availability, space requirements and the competitive...

    • Churubusco Company Acquired

      Cleveland-based Lincoln Electric Holdings Inc. (Nasdaq: LECO) has announced the acquisitions of two companies, one of which is located in Whitley County. Financial terms of the deal for Churubusco-based Pro Systems LLC and Coldwater Machine Company LLC in Ohio are not being disclosed.

    • IND Adds New Airline, Nonstop Routes

      A Florida-based airline, billing itself as an "ultra low-cost carrier," is coming to Indianapolis International Airport. Spirit Airlines Inc. (NYSE: SAVE) will begin daily, nonstop service to Las Vegas and Orlando in March, and add summer seasonal nonstop service to Myrtle Beach in May. Vice President For Capacity Planning Mark Kopczak says the airline sees "real potential for growth" in those routes, adding IND has done a good job "selling Indy as a place...