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High Tech Rochester Inc. Local Resources Available to Help Your Business Thrive Jim Senall President 585-214-2401 January 13, 2011.

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Presentation on theme: "High Tech Rochester Inc. Local Resources Available to Help Your Business Thrive Jim Senall President 585-214-2401 January 13, 2011."— Presentation transcript:

1 High Tech Rochester Inc. Local Resources Available to Help Your Business Thrive Jim Senall President 585-214-2401 james.senall@htr.org January 13, 2011

2 HTR Overview  Mission: To be a catalyst for entrepreneurship and innovation-based economic development, by applying business expertise & network connections to aid in the formation and profitable growth of companies in the Greater Rochester, NY Region.  Structure 501c3 non-profit Affiliate of the University of Rochester; Independent Board NYSTAR-designated Regional Technology Development Center (RTDC) and NIST MEP Center

3 HTR Board of Directors OrganizationRepresentative University of RochesterJoel Seligman, President Peter Robinson, VP & COO, UR Medical Center Rochester Institute of TechnologyWilliam Destler, President Deborah Stendardi, VP Gov’t / Community Relations Monroe CountyMaggie Brooks, County Executive Judy Seil, Director, Dept of Planning & Development City of RochesterThomas Richards, Mayor Carlos Carballada, Commissioner, Economic Development Rochester Business AllianceSandra Parker, CEO KodakKim Pugliese, Director, Intellectual Property Licensing Nixon PeabodyLori Greene, Partner Rochester Gas & ElectricJoe Rizzo, Manager, Economic Development Trillium GroupJose Coronas, Partner Bonadio GroupStanley Konopko, Partner COMIDA / Excell PartnersTheresa Mazzullo, Chairwoman Entrepreneurs (3)Christine Whitman, CEO, Complemar Partners Kurt Gelke, CEO, New Path Learning Peter Schott, CEO, XLI Corp. Finger Lakes Mfg CouncilDan Viggiano, Chairman HTR PresidentJames Senall

4 HTR Partners Finger Lakes Works Additional connections across Upstate NY and beyond…  Some of the connections / resources we bring to our client companies

5 HTR Programs and Services Concept Idea Pre-Seed Prototype Seed Customer Validation Early Stage Revenues Growth Profitability Mature Sustainability Company Stages New Products and IP Technology Commercialization Business Incubation Manufacturing Innovation HTR Services Additional Programs Pre-Seed Workshop Entrepreneur-in- Residence Program InfoBytes Network Connections, Management Talent, Capital Raising Entrepreneurs-in-Residence  Innovation & Growth across all stages of company life cycle

6  Source technologies, evaluate market potential, connect resources, seek funding, form businesses  Collaborate with Excell, UR, RIT, Corporate IP groups (Kodak, Xerox, etc.)  Results from past five years: 251 opportunities screened 156 in-depth market opportunity analyses 58 business plans developed $40M raised by client companies  $12.7M in SBIR and other grants Technology Commercialization Business Incubation Manufacturing Innovation

7  Lennox Tech Enterprise Center Opened in 1997 50,000 square feet  Rochester BioVenture Center Opened in 2007 42,000 square feet Wet labs and biotech infrastructure Technology Commercialization Business Incubation Manufacturing Innovation  In-depth coaching/mentoring from CxO level talent  Assistance with business plan execution, sales/ marketing strategy, fundraising, connections, etc.  75 startup companies incubated to date

8 Top line growth and operational improvement  Business / market assessments  Strategic planning  New product development  Waste and energy reduction  Quality (ISO 9000, etc.)  Supply chain development  Sustainability programs  Financial systems and controls  Access to local, state, & federal grants  Referrals to network of resources Technology Commercialization Business Incubation Manufacturing Innovation

9 Pre-Seed Workshop  PSW is 2 ½ day community event  Rally community talent and resources around academic researchers with patented inventions  Create 6 - 8 teams for each workshop  Series of structured hands-on sessions  Investigate commercial potential of inventions and business case for a pre- seed stage companies  Teams leave with a thin commercialization plan  Across NYS: 201 Idea teams have participated (1200+ people) 68 companies formed

10 Business Plan Contest  January – April  Eligibility: For-profit startups within 9-county Rochester/Finger Lakes region  4 educational workshops  Presentation practice  Winners announced at Celebration luncheon on April 15 th  Over $50,000 cash and prizes

11 The Entrepreneurs Network (TEN)  Four-month long class  Four different 2-day boot camps: Entrepreneurship (business plan, strategy) “Building Blocks” (leadership, marketing, financial model) Sales Effectiveness Investor Presentation  Local and national instructors – Derby Management, Boston  Completing Class X right now  Class XI begins: May 2011 (only 15-20 slots per class)

12 Entrepreneurs-in-Residence  Connecting experienced entrepreneurs to fledgling new companies  HTR EIR program named an industry best- practice by National Business Incubator Association in 2010  Now managing statewide EIR program on behalf of

13 Additional Resources  SBDC  SCORE

14 www.htr.org (585) 214-2400 Thank You! Jim Senall President High Tech Rochester

15  Formed in 2005 to address the need for early stage funding for local startup companies  30 individual Accredited Investor members  Monthly meetings & structured investment process  Results to date:  75 companies have presented to RAN for funding  17 investments into 13 different companies  $7M invested by RAN members


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