February 17, 2016 at 3:45pm

Creating an Industry

Millikin University's Institute for Science Entrepreneurship, a signature program of Millikin's Center for Entrepreneurship, will continue its 2015-16 Speaker Series on Thursday, Feb. 25, with keynote speakers Pete Paulin, CEO, and Prescott Paulin, international research consultant, of 300 Below Inc.

The presentation, entitled "Creating an Industry out of Thin Air," will begin at 7:30 p.m. in Lower Richards Treat University Center on Millikin's campus; the event is free and open to the public.

Institute for Science Entrepreneurship300 Below Inc. is the founder of the commercial cryogenic processing industry. Since its inception, 300 Below has processed millions of pounds of steel and components for thousands of companies around the globe. 300 Below is responsible for establishing over one hundred operations in multiple countries using the company's proprietary cryogenic processing equipment. 

Pete Paulin is a productive entrepreneur and inventor based in central Illinois. Previously employed as a pilot for Medevac, he was flying Learjets in the early 1990s before reading an article about the increase in tool life following a cryogenic freezing process. Paulin decided to write a computer program to ensure consistency in the process results, and subsequently created the world's first computer-controlled cryogenic processor.

Paulin's invention founded a worldwide industry in deep cryogenic processing, resulting in a consistent value proposition of steel lasting 300 percent longer for 20 percent cost. He graduated with a Bachelor of Science in Aeronautical Science from Embry Riddle University in Prescott, Ariz., and is certified as an Accredited Asset Management Specialist (AAMS).

Prescott Paulin handles international research and joint venture management for 300 Below. Prescott serves as the primary technical writer for 300 Below in addition to managing online marketing initiatives, business development processes, technical sales support systems and cloud-based software for 300 Below's various divisions.

Institute for Science Entrepreneurship

Prescott served as a U.S. Marine Corps Officer before joining Battelle as an emergency preparedness coordinator for Washington Headquarters Services and the Pentagon Force Protection Agency. Beyond training Pentagon Police Officers in Chemical and Biological Weapon Protection at the Federal Law Enforcement Training Center, Paulin created multiple internal research and development projects.

Prescott earned a Bachelor of Science in Business Administration from Babson College with a focus on entrepreneurship and leadership.

Institute for Science Entrepreneurship

Millikin's Science Entrepreneurship Speaker Series, brought to you by Busey, focuses on science entrepreneurship and how an increased emphasis on entrepreneurship can spark job creation and societal well-being. Throughout the academic year, executives from science ventures discuss particular aspects of their business. In addition, business leaders discuss broader topics of interest. The following is a list of upcoming speakers for the Spring 2016 Speaker Series.

  • Thursday, April 7, 7:30 p.m., Lower Richards Treat University Center

Daniel E. Hoodin, Vice President, Managed Care for Hospital Sisters Health System

  • Tuesday, May 10, 7:30 p.m., Lower Richards Treat University Center

Tim Stone, President & CEO, Decatur Memorial Hospital

The mission of Millikin University's Institute for Science Entrepreneurship is to connect Millikin University, its students, and the greater community to opportunities for personal, professional and organizational advancement through science entrepreneurship. The institute was founded by Dr. David Horn, professor of biology, Dr. George Bennett, professor of chemistry, and Dr. Casey Watson, associate professor of physics.  

The Institute for Science Entrepreneurship has received or been pledged funding from 300 Below Inc., Andreas Foundation through the Community Foundation of Macon County, Archer Daniels Midland Company, Brechnitz Group of Raymond James, Busey, Caterpillar Decatur, Coleman Foundation, Decatur Memorial Hospital, John Ullrich Foundation, Millikin University, Parke Warehouses, St. Mary's Hospital, Tate & Lyle, Wild Bird Feeding Industry, Zevacor Molecular, a private foundation and several anonymous donors to develop the 2015-16 Speaker Series and other institute programming.

Busey is the title sponsor of Millikin University's Institute for Science Entrepreneurship 2015-16 Speaker Series. First Busey Corporation (Nasdaq: BUSE) is a $3.9 billion financial holding company headquartered in Champaign, Ill. Busey Bank, First Busey Corporation's wholly-owned bank subsidiary, is also headquartered in Champaign, Ill., and has 28 banking centers serving Illinois, a banking center in Indianapolis, Ind., and seven banking centers serving southwest Florida. For more information, visit busey.com.  

For more information on the speaker series or the Millikin Institute for Science Entrepreneurship, call 217.424.6392 or visit millikin.edu/InstituteForScienceEntrepreneurship.