1 Start-Ups while Keeping the RIT “Day Job” Mick Stadler Executive Director RIT-High Tech Incubator March 30 and
2 High Tech Incubator (HTI) u HTI is a separate not-for-profit corporation owned by RIT u Located at 125 Tech Park Drive u 7 Faculty/Alumni Companies and 3 Student Companies u “Student Business Development Lab” u “Innovation & Entrepreneur Center” (Fall 2005) u “Pre-Seed Investment Fund” (Fall 2005)
3 Start-Up vs. Licensing 1. Clearly “ID” Problem 2. A Solution to Problem 3. “ID” Customers willing/able to Pay 4. Solution Scalable into Business (not just a Product) 5. High Pain Threshold
4 Start-Up Issues u Conflict of Interests u Conflict of Commitment u Available Financial Resources u Market Opportunity u Management u Technology/Product Development
5 Financial Resources u Background: 1. Who Invests in Early Stage Deals? 2. Financing Life Cycle 3. VC -- Market Segmentation
6
7
8