AWE Ventures Company: Near-Miss Management
Sep 11, 2018
Near-Miss Management (NMM) brings a cost effective, highly efficient answer to early risk detection in industries that have long been held captive to expensive, mediocre solutions. Our approach of being a disruptive innovator has enabled us to gain ground quickly and globally. NMM’s mission is to shift how industrial plants think about and avert unplanned disruptions – moving them from a reactive to proactive stance – to ultimately save lives, the bottom line and the environment.
Uniquely, our enterprise software uses a proprietary approach to accurately predict problems days or weeks before they trigger the standard systems. In providing a stand-alone, cybersecure, easy to use, big-data solution, we empower operating teams around the world to take action locally - impacting the industry globally. The years of research and application efforts of our founders has resulted in several patents and developed our reputation as an up and coming company in an industry where the earning potential is in the billions.
Where are you in the life cycle of your business?
We are a revenue generating company.
How has your funding from AWE Ventures powered by Ben Franklin helped to advance your business?
NMM is very grateful for the funding from AWE Ventures, and the vote of confidence it represents. With this funding, we have begun development of two new modules that will enhance our current solution and transform timely information into even more powerful analytics. Both modules are expected to be available for sale before the end of 2018.
Have you utilized the AWE network; and if so, how has that positively impacted your role as a founder?
We have been beneficiaries of the network in terms of increased awareness in the area. In the coming months, we hope to be more actively involved in direct networking and meeting efforts as our recent international installations, which required travel, have been reduced.
What do you need to advance your company?
While we have a great technical team and marketing channels in place, we are seeking investment from Early Stage investors in order to accelerate our R&D and sales efforts to grow exponentially.
Founder Bio -Dr. Oktem
Dr. Oktem is CEO and President of Near-Miss Management (NMM). She has been a pioneering leader throughout her career, bringing unique technical insight and innovation to areas as diverse as near-misses, sustainability and public-private partnerships.
Her interest in finding better solutions to positively impact the environment while enabling corporations to deliver was at the forefront when Dr. Oktem established the ground-breaking waste water treatment department for The Scientific and Research Council of Turkey (TUBITAK). She formed a private-public partnership in the industrial region that was the first of its kind.
Dr. Oktem used her experience and insight to scale up production of agricultural chemicals during her tenure with Rohm & Haas (now Dow). Her interest in environmental sustainability and solutions grew with her work in reorganization of the company’s Safety, Heath and Environmental department. Understanding the importance of bringing together sustainability and business, Dr. Oktem created and taught a sustainability course for MBA students at Wharton.
Bringing years of insight and experience together, Dr. Oktem recognized the industry problem of having large amounts of data but not fully utilizing it to improve safety, reliability, and profitability of operations. She became a recognized leader in addressing near-misses. Her pioneering work has received international recognition and coverage in scientific journals and has been heavily adopted by chemical companies and organizations such as CCPS, OSHA. In 2011 she co-founded NMM to bring her solutions to plants in the form of innovative enterprise software.