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High Tech Rochester Inc.

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

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High Tech Rochester Inc.

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  1. High Tech Rochester Inc. Local Resources Available to Help Your Business Thrive January 13, 2011 Jim SenallPresident585-214-2401james.senall@htr.org

  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

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

  5. HTR Programs and Services Concept Pre-Seed Seed Early Stage Growth Mature Idea Prototype Customer Validation Revenues Profitability Sustainability Entrepreneur-in-Residence Program Pre-SeedWorkshop • Innovation & Growth across all stages of company life cycle New Products and IP Company Stages TechnologyCommercialization BusinessIncubation ManufacturingInnovation HTR Services Network Connections, Management Talent, Capital Raising Additional Programs InfoBytes Entrepreneurs-in-Residence

  6. TechnologyCommercialization BusinessIncubation ManufacturingInnovation • 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

  7. TechnologyCommercialization BusinessIncubation ManufacturingInnovation • 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 • 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. TechnologyCommercialization BusinessIncubation ManufacturingInnovation 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

  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 15th • 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. Thank You! Jim Senall President High Tech Rochester www.htr.org (585) 214-2400

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