inc ator @ university of bridgeport n.
Download
Skip this Video
Loading SlideShow in 5 Seconds..
Inc ator @ University of Bridgeport PowerPoint Presentation
Download Presentation
Inc ator @ University of Bridgeport

Loading in 2 Seconds...

play fullscreen
1 / 18

Inc ator @ University of Bridgeport - PowerPoint PPT Presentation


  • 141 Views
  • Uploaded on

Inc ator @ University of Bridgeport. Partnership of Connecticut Innovations Inc. (CI) & University of Bridgeport (UB). Tarek M. Sobh , Ph.D., P.E. Vice President Graduate Studies and Research Division Dean of the School of Engineering E-mail: sobh@bridgeport.edu

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'Inc ator @ University of Bridgeport' - truman


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
inc ator @ university of bridgeport

Inc ator@ University of Bridgeport

Partnership of

Connecticut Innovations Inc. (CI)

&

University of Bridgeport (UB)

Tarek M. Sobh, Ph.D., P.E.

Vice President

Graduate Studies and Research Division

Dean of the School of Engineering

E-mail: sobh@bridgeport.edu

Tel: 203.576.4116

Dr Gad J. Selig, PMP, COP

Associate Dean

Business Development and Outreach

Graduate Studies and Research Division

E-mail: gadselig@bridgeport.edu

Tel: 203.576.4870

CONFIDENTIAL - University of Bridgeport - 3/20/10

overview definition
Overview & Definition

“Business incubation is a business support process that accelerates the successful development of start-up and early stage companies by providing entrepreneurs with an array of targeted resources and services.”

- National Business Incubation Association (NBIA)

CONFIDENTIAL - University of Bridgeport - 3/20/10

value proposition objectives
Value Proposition/Objectives
  • Nurture and facilitate growth of new businesses and jobs in high technology and technology ventures
  • Foster and stimulate economic development and job creation in Greater Bridgeport, Fairfield County and the State of Connecticut
  • Support and enable the growth and commercialization of UB’s applied research & Intellectual Property initiatives (e.g. U.S. Army Hybrid Projectile Design initiative – part of $2.4 million grant; NSF Smart Browsing Systems for Endoscope videos – $147,655 pending grant)
  • Build synergy and collaboration among industry, education and government sectors
  • Become self-sustaining: generate revenues through rent income, IP royalties, license fees, sponsor contributions, grants, donations, etc.
  • Leverage educational, faculty, student interns and facility resources for career and economic development

CONFIDENTIAL - University of Bridgeport - 3/20/10

u s market dimensions incubators small businesses
U.S. Market Dimensions – Incubators & Small Businesses
  • Approximately 1 million small businesses start up each year;It is the fastest growing market segment (1)
  • High survival rates: 87% of incubator graduates still in business within 5 years (2)
  • 84% of graduates still in the same community as their incubators (2)
  • Small businesses are responsible for 60% - 80% of net new jobs annually (2)
  • Small businesses provide an essential role in economic development and sustainability (2)

Source: (1) U.S. Department of Labor, April 2008

(2) National Business Incubator Association (NBIA), 2007

CONFIDENTIAL - University of Bridgeport - 3/20/10

where are connecticut s incubators located
Where are Connecticut’s Incubators Located?

In Process

(only University based incubator in Fairfield county)

CONFIDENTIAL - University of Bridgeport - 3/20/10

ctech new haven connecticut innovations company data
CTech, New Haven – Connecticut Innovations – Company Data

Source: CTech

CONFIDENTIAL - University of Bridgeport - 3/20/10

target market ctech inc ub ator @ university of bridgeport
Target Market – CTech IncUBator @ University of Bridgeport
  • Greater Bridgeport / Fairfield County / Connecticut:
    • New start-ups
    • Early stage companies
    • Connecticut Innovations Portfolio Companies
  • UB Students / Faculty:
    • School of Engineering
    • School of Business
    • Schools of Health Sciences
    • ShintaroAkatsu School of Design

CONFIDENTIAL - University of Bridgeport - 3/20/10

slide8

250 Myrtle Avenue, Bridgeport, CT 06604

  • Six offices ranging from 130 to 240 sq. ft.
  • Shared conference room with Monitor
  • Shared Kitchen
    • Internet Access
    • Security camera linked to UB security
    • Shared Copy/Fax/Printer

CONFIDENTIAL - University of Bridgeport - 3/20/10

ctech inc ub ator tenant services resources
CTech IncUBator Tenant Services & Resources:
  • Tenants will be candidates for CI’s Pre-Seed & Seed funding programs
  • Access to Library & Coffee Bar
  • Joint research and grant collaborations
  • Access to Student Interns / Employees & Faculty
  • Access to Gym & Pool
  • Access to Knigths End Cafe
  • Pro Bono sponsorship services from professionals (e.g. Legal, Tax, Technology, Engineering, Finance, Venture Capital, Marketing, IP, etc.)
  • Monthly “Entrepreneurial Brown Bag” Lunch Seminars & Workshops (Conducted by Score, UB Faculty & External Subject Matter Experts) in the IncUBator’s conference room
  • Access to Score Counselors
  • Access to public & private grant funding (with UB) & external sponsorship funding (e.g. UI)
  • UB and/or CI to provide financial and/or in-kind resources to assist non – UB tenants to commercialize their products/IP for a fair ROI
  • Access to Labs (Future)

CONFIDENTIAL - University of Bridgeport - 3/20/10

operating principles
Operating Principles
  • Non-profit
  • Board of Advisors
  • Pro-Bono sponsorship by professional service firms
  • Become self – sustaining
  • Reinvest in upgrading facilities (Offices, Labs (future), etc.)
  • Pursue collaborative grants, funding opportunities, IP licenses/royalties, etc.
  • Help to commercialize UB developed IP and tenant developed IP (when using UB resources – faculty, labs, etc.)

CONFIDENTIAL - University of Bridgeport - 3/20/10

implementation milestones
Implementation Milestones

CONFIDENTIAL - University of Bridgeport - 3/20/10

slide12

Questions ?

CONFIDENTIAL - University of Bridgeport - 3/20/10

thank you
Thank You !

Dr. Tarek M. Sobh

Dr. Gad J. Selig

CONFIDENTIAL - University of Bridgeport - 3/20/10

appendix
Appendix

CONFIDENTIAL - University of Bridgeport - 3/20/10

what are some incubator success stories
What are some Incubator Success Stories ?

Acquired by Royal Ahold - 475 Employees $73 million

Acquired by Sage Software - 350 employees $445 million

Merged with Earthlink – 2000 Employees $4 billion

CONFIDENTIAL - University of Bridgeport - 3/20/10

state of connecticut small business incubator program sbip
State of Connecticut – Small Business Incubator Program (SBIP)
  • CCAT administers the Small Business Incubation Grant Program sponsored by The State’s Department of Economic and Community Development (DECD) with an estimated budget of $ 400,000 – $500,000 for 2010
  • The program provides grants up to $35,000 for each technology company that is housed within Connecticut’s incubator facilities and that have applied for the grant
  • Purpose is to help defray the financial burden of maintaining and growing a start-up technology based business

CONFIDENTIAL - University of Bridgeport - 3/20/10

rensselaer incubator profile illustrative example
Rensselaer Incubator Profile – Illustrative Example

30Years in Operation; Started in 1980 at Troy, NY

Source: www.incubator.com (Rensselaer Incubation Program site) as of March, 2010

CONFIDENTIAL - University of Bridgeport - 3/20/10

incubator types
Incubator Types

Source: NBIA

CONFIDENTIAL - University of Bridgeport - 3/20/10