Middle Bit: Trump approving Apprenticeship funding a positive for Iowa; O’Halleran joins ManchesterStory Group

President Donald Trump signed an executive order last week spending $200 million on apprenticeship programs aimed to fill some of the six million open jobs in the United States.

An apprenticeship is combination of on-the-job training and classroom instruction that can take three to seven years and is commonly practice in the trades programs.

Debi Durham, Director of the Iowa Economic Development Authority, has been a champion of apprenticeships because as she says, “It works” and not just for the trades programs.

“The thing I love about apprenticeships is there’s a defined path forward for both the employee and the employer,” Durham said. “Iowa doesn’t use apprenticeship training that often in manufacturing and I think that’s a huge area of opportunity for us. You see it a lot in the trades but it’s a very flexible, effective training tool that can be used in almost any industry.”

Durham said Iowa is the first state in the nation to do a brewing apprenticeship program.

“We have winemaking apprenticeship program we run in Iowa that we modeled after the Napa program,” Durham says. “But the brewers created their own.”

O’Halleran joins ManchesterStory Group

Michael O’Halleran joined ManchesterStory Group, a Des Moines based venture capital firm, according to the announcement on finsmes.com Thursday.

ManchesterStory Group is a venture capital firm targeting investments in FinTech and Healthcare, with an interest in technologies impacting the insurance industry.

O’Halleran will provide ongoing input on strategic issues and priorities in the insurance industry, according to the story. He also will act as a sounding board during and outside of Fund Advisory Board meetings.

According to the ManchesterStory Form D, the company has raised $31 million of their $125 million fund and is actively investing.

O’Halleran is an insurance industry veteran of 45 years and recently retired from his position as executive chairman of Aon Benfield, a large reinsurance brokerage and capital advisory firm.

He will also take a role in bringing industry leaders and executives to the Fund’s attention, along with identifying startups for potential investments.

St. Louis investor named to Kauffman Fellows Program

Scott Bernstein, a principal at St. Louis-based venture capital firm Lewis & Clark Ventures, has been named one of 51 fellows in the Kauffman Fellows Program, according to bizjournals.com. 

According to the story, the program is a two-year program that helps investors enhance entrepreneurial access to venture capital by improving understanding and relationships between venture capitalists and entrepreneurs.

Bernstein worked as director of operations for local tech startup accelerator Capital Innovators before joining Lewis & Clark in January of 2015 where he drives capital deployment, advises portfolio companies and develops larger fund strategy.

Other newsworthy happenings…

Colorado

Sphero, a Boulder, Colo.-based maker connected play robot Sphero, spun out a newly-created company, Misty Robotics, which will build personal robots for the home and office. Misty Robotics raised $11.5 million in Series A funding. Investors include Venrock and Foundry Group.

CirrusMD, a Denver, Colo.-based healthcare communication platform, raised $7 million in Series A funding. Colorado Impact Fund led the round, and was joined by Bootstrap Incubation, Three Leaf Ventures, Rockies Venture Fund, Service Provider Capital, Sand Hill Angels, and New York Angels.

EIV Capital has made a “significant” investment in EcoVapor Recovery Systems, a Denver, Colo.-based provider of vapor recovery and oxygen removal solutions at hydrocarbon production facilities. Financial terms weren’t disclosed.

Illinois

Prospect Partners recapitalized QMI Security Solutions, an Itasca, Ill.-based manufacturer of storm and security rolling shutters. Financial terms weren’t disclosed.

Iowa

President Donald Trump visits Kirkwood Community College to tour ag programs – The Des Moines Register

Kansas

University of Kansas to launch Rubrik Center for Excellence – Siliconprairienews.com

Missouri

Ag Venture company TechAccel LLC expands to St. Louis – The St. Louis Post-Dispatch

Ohio

Startup weekend Columbus begins June 23 – communities.techstars.com