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Building Innovative Companies Through Community Partnership
Building Innovative Companies Through Community Partnership
Building Innovative Companies Through Community Partnership
Building Innovative Companies Through Community Partnership
Building Innovative Companies Through Community Partnership
Building Innovative Companies Through Community Partnership
Building Innovative Companies Through Community Partnership
Building Innovative Companies Through Community Partnership
Building Innovative Companies Through Community Partnership
Building Innovative Companies Through Community Partnership
Building Innovative Companies Through Community Partnership
Building Innovative Companies Through Community Partnership
Building Innovative Companies Through Community Partnership
Building Innovative Companies Through Community Partnership
Building Innovative Companies Through Community Partnership
Building Innovative Companies Through Community Partnership
Building Innovative Companies Through Community Partnership
Building Innovative Companies Through Community Partnership
Building Innovative Companies Through Community Partnership
Building Innovative Companies Through Community Partnership
Building Innovative Companies Through Community Partnership
Building Innovative Companies Through Community Partnership
Building Innovative Companies Through Community Partnership
Building Innovative Companies Through Community Partnership
Building Innovative Companies Through Community Partnership
Building Innovative Companies Through Community Partnership
Building Innovative Companies Through Community Partnership
Building Innovative Companies Through Community Partnership
Building Innovative Companies Through Community Partnership
Building Innovative Companies Through Community Partnership
Building Innovative Companies Through Community Partnership
Building Innovative Companies Through Community Partnership
Building Innovative Companies Through Community Partnership
Building Innovative Companies Through Community Partnership
Building Innovative Companies Through Community Partnership
Building Innovative Companies Through Community Partnership
Building Innovative Companies Through Community Partnership
Building Innovative Companies Through Community Partnership
Building Innovative Companies Through Community Partnership
Building Innovative Companies Through Community Partnership
Building Innovative Companies Through Community Partnership
Building Innovative Companies Through Community Partnership
Building Innovative Companies Through Community Partnership
Building Innovative Companies Through Community Partnership
Building Innovative Companies Through Community Partnership
Building Innovative Companies Through Community Partnership
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Building Innovative Companies Through Community Partnership

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Presented at InnoTech Dallas on May 17, 2012. All rights reserved.

Presented at InnoTech Dallas on May 17, 2012. All rights reserved.

Published in: Business, Economy & Finance
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  • NTEC was created to fill the role of organic business creation engine for the City of Frisco.Our job is to support and grow new technology based businesses in industry sectors that fit with the long term strategy of Frisco
  • Economic Development is a by-product of what we doWe also work with Frisco to make the City a Start-Up friendly place (zoning, infrastructure, support network, venues, etc)
  • Comment briefly on our BoA and BoD
  • Substantial, flexible infrastructure made possible by support from Frisco and our partners. Very valuable for start-ups in reducing capital required to launch.Formal incubation program.Education programs (which I will tell you about shortly)Start-up funding programs and alliancesResource network
  • 25 CompaniesNearly 100 full and part time employees$60 million plus in investment
  • Full function conference center for shareholder meetings, education, product demonstrations, etc.Saves money for the entrepreneur
  • Allows for rapid product design and testingFacilitates economical, small-run assembly projectsGMP capableUnique pay as you go model
  • Supporting community entrepreneurs.Attracting new entrepreneursPartnering with established companies
  • Transcript

    • 1. “Building Innovative Companies Through Community Partnership” Presented By: In Conjunction With:
    • 2. Session Agenda 1:00 – 2:00pmIntroductionsFrisco – An Innovative CommunityNTEC - The Start-Up CatalystErgonurse – Innovation in HealthcareTurbo Trac – Efficient TransmissionQ & A
    • 3. Meet Your Speakers Larry Calton Jim Gandy Dave Stiles Allen SwensonExecutive Director FEDC President CEO CEO
    • 4. Jim Gandy President Frisco An Innovative Community
    • 5. INNOTECH DALLAS2nd Annual Conference May 17, 2012 Irving Convention Center
    • 6. CITY OF FRISCO DEMOGRAPHICSDistance from Major 25 min.Airports2000 Population 33,417Current Population 126,576(5/1/12)Median Age 34Current Area 70.2 sq. miArea Currently 46%Developed
    • 7. CITY OF FRISCO FAST FACTS• Population has grown 247% since 2000• One of the Fastest Growing Cities in America, U.S. Census Bureau 2010• Top 10 Best Places to Relocate, Forbes.com 2009• Top 100 Best Places to Live, Money Magazine 2008
    • 8. FRISCO ECONOMIC DEVELOPMENT CORP.• Frisco voters approved a ½ cent sales tax for economic development in 1991• FEDC was established in 1991 by Frisco City Council• FEDC mission is to promote the attraction, retention and formation of new business enterprises• FEDC goals are to: • Promote business development • Provide and encourage job creation • Expand the tax base of the City Stonebriar
    • 9. WHY NTEC?• FEDC Strategic Plan – Three Goals: 1. Business Attraction - Companies outside of Frisco 2. Business Retention & Expansion - Companies in Frisco 3. Business Formation - North Texas Enterprise Center
    • 10. NTEC – THEN and NOW• 2003 - Founded by the FEDC in partnership Hall Financial Group• 2003 - Began operations in the FEDC office• 2005 -Expanded into 12,000 SF in Hall Office Park• 2008 - Expanded into new, 2-story, 50,000 SF facility• 2009 - Received the “Healthcare Heroes Innovator Award from the Dallas Business Journal• 2010 - Began actively supporting “cleantech” ventures• 2012 - Is now the largest medical technology accelerator in the Southwest United States
    • 11. HOW DOES NTEC BENEFIT FRISCO?• Great economic development backyard gardening• Promotes new business formation and job creation• Attracts capital that grows young companies• Attracts entrepreneurs with creative minds• Strengthens Frisco’s competitive advantages• Promotes Frisco as a great place to start and grow a successful company• Is an Award winning program
    • 12. INCUBATOR IMPACTReturn on investment $1 public investment in incubator = $30 in local tax revenueBusiness retention 84% of graduates stay in communityIncreased likelihood of business success 87% of incubator graduates stay in businessSource: Business Incubation Works, 1997; 2006 State of the Business Incubation IndustryIn 2005 alone, North American incubators helped more than 27,000 start-up companies that provided full-time employment for more than 100,000 workers and generated annual revenues of more than $17 billion.From NBIA’s 2006 State of the Business Incubation Industry
    • 13. Thank You…James L. Gandy, CEcD, CCIM, President Frisco Economic Development Corporation 6801 Gaylord Parkway, Suite 400 Frisco, Texas 75034 972-292-5150 FriscoEDC.com
    • 14. Larry CaltonExecutive Director NTEC The Start-Up Catalyst
    • 15. innovation. accelerated. NTEC was conceived to function as the third point on the economic development triangle, filling the role of “business creation” engine for Frisco. Frisco Style – February 2004
    • 16. innovation. accelerated. mission To assist entrepreneurs with the challenging task of starting and growing a new technology venture by providing facilities, business, academic, legal, mark eting and financial expertise to innovate and accelerate market entry. Accelerate Time To Market Reduce Capital Required to Get There
    • 17. innovation. accelerated. what we do  Identify unique tech commercialization and business acceleration opportunities  Help build significant, sustainable technology businesses  Stimulate angel and venture investment  Support economic development  Champion regional tech leadership  Provide entrepreneurial education and networking  Facilitate partnering and collaboration
    • 18. innovation. accelerated. our team Larry Calton Theresa Dennig Jill Hoersten Tom FranklinExecutive Director Office Marketing Sr. Scientific Administration Manager Advisor Bob Kramer Greg Roach Hubert Zajicek Sr. Medical Director Senior Director Advisor
    • 19. innovation. accelerated.how we do it  Office/Cube Space and Furniture  Flexible Laboratories  Shared Equipment  Business Acceleration Program  Education  Conference Center  Product Development Center  Partnership Programs  Venture Alliance  West Coast Pitch Days
    • 20. innovation. accelerated.the leverage of NTEC  Compressed business development time, milestone attainment and capital efficiency  Deep pool of industry and specialty specific business, medical and scientific advisors  Industry specific expertise in quality, regulatory, product design, manufacturing, and sales  Funding network that includes angel and venture capital investors and other forms of financing  Well defined business acceleration model  State-of-the-art flexible physical infrastructure
    • 21. innovation. accelerated.ntec companies 4 Web Spine Koberg Sports Tech Ball Semiconductor LaJolla Digital Blood Associates MBK Management Carr LLP Medstar Surgical CFO Advisory OTS Chalice Home Health PEB Direct, Inc. DxUpClose Photonis USA Emfinders Playbook Mgmt ERASE Private Social Network ErgoNurse RWJP Heartland Capital Turbo Trac Human Computer UTA II-IV Incorporated Zoe Group, Inc.
    • 22. innovation. accelerated.GENERAL BUILDING OVERVIEW Two story, tech-flex construction 50,000 total square feet 80 offices, 30 cubes and 28 lab seats OFFICE FEATURES AND AMENITIES Two-story lobby with technology displays  Fully furnished and flexible offices and cubes Lake views with outdoor patio  VOIP telecom services and equipment Modern tech-industrial design  Secure high-speed wireless & wired network Ample parking spaces  Conference rooms w/ projector, LCD TV, and white board Energy efficient facility  Fully equipped work rooms with print stations 24/7 Cardkey access with video surveillance  Shipping/receiving and dedicated USPS mailbox 24/7 monitored security & fire  Full kitchen/lunchroom with seating for up to 36  Coffee bars on both floors  Fitness Center with showers and full massage chair
    • 23. innovation. accelerated.Prototyping Device Lab Bio Lab LabFeaturin Featurin Featuring: Shop Equipment g: Chem Hoods g: BSL2 Capable Prototype Room Sinks Bio Cabinets Compressed Air Flex Power Gas Storage Solder station Natural Gas Clean Room Power supplies Support Areas Flexible Work Testing ovens Microscopes Benches Large format printer Autoclave
    • 24.  Approx. 4000sf with integrated GUI for A/V, lighting, shades, satellite TV, and mic (wired/wireless) controls Variety of room arrangements seating up to 180 people  Classroom (can be divided into two rooms, A &B)  Banquet  Lecture  “U” Shape Reception area for check-in and basic kitchen for food service High speed wireless access
    • 25. Complete manufacturing center from parts receipt and inventory through final product packaging. Pilot level production Cost effective cGMP capable 5 unique product lines Certified clean room Clean assembly area Gowning room Packaging/receiving area Roll-up door for deliveries Forklift truck
    • 26. innovation. accelerated.events and education
    • 27. innovation. accelerated.how to reach us On the web: www.ntec-inc.org Email: info@ntec-inc.org Phone: 972.987.1402 Address: 6170 Research Rd, Frisco Social Media: LinkedIn facebook twitter
    • 28. Dave Stiles CEO Ergonurse Innovation In Healthcare
    • 29. ErgoNurse™ The No-Lift Bedside Patient Repositioning Solution
    • 30. The ErgoNurse™ Solution
    • 31. The ErgoNurse™ Solution
    • 32. The ChallengeCost of Injuries and Bed Sores Nurses have 6X more back and shoulder injuries than construction workers. Back and shoulder injuries to caregivers cost US Healthcare Providers over $2.5B per year in direct costs. Medicare has stopped reimbursing hospitals for the treatment of hospital acquired pressure ulcers. Estimates for the direct cost to hospitals to treat pressure ulcers is over $3B per year.
    • 33. Hospital Issues High cost of caregiver injuries The human cost of pain and suffering for employees Loss of reimbursement for treatment of pressure sores Increasing staff injuries due to increased emphasis in 2 hour turning schedules High acquisition and training costs for Nurses and Patient Techs
    • 34. ErgoNurse Benefits The ErgoNurse Lift is a true “No Lift” solution Pulls patients up in bed Turns patients to avoid pressure ulcers Elevates patients off the bed for No-Lift:  Linen changes  Placement of slings or transfer mats/sheets Turns patients fully to their side for No-Lift:  Cleaning, wound care and skin assessments  Log-roll linen changes  Placement of slings or transfer mats/sheets
    • 35. Harris Methodist
    • 36. ErgoNurse Competitive Advantages Uses sheets, not slings Requires only 1 caregiver The only “No Lift” option Mobile without storage issues 550lb weight capacity Low maintenance Sheets Tested to … 1500 lbs!
    • 37. The ErgoNurse Solution The No-Manual-Lifting solution for Health Care Providers
    • 38. Allen Swenson CEO Turbo Trac Efficient Transmission
    • 39. Innovation Can’t Stop withThe Product 39
    • 40. Meeting a Market Need Energy costs to increase 90% in next two decades, Profitability and survival of many industries threatened, No current technologies effectively overcome growing challenge, Turbo Trac’s innovation could overcome the pain, Path to commercialization also needed business innovation. 40
    • 41. Path, Progress & Partnerships Partnerships for Commercialization come in three classifications:  Angels, friends and family will get you started -  Commercial partners are great resources but often have different goals -  Public/Private partnerships will drive success when you align your goals with theirs. 41
    • 42. Our P/P Partners in Success TMAC – a resource for high quality, low cost resources for product development, engineering and manufacturing design, UT System – a resource for various project assistance, Texas Emerging Technology Fund – provided financial resources after angels, DoD, DOE, DHS, FDA, etc. all provide unique support. 42
    • 43. Resources Where We Live Team Texas  TX EDC’s have needs and resources, Turbo Trac reviewed fifty EDCs,  Selected and queried 23 EDCs Frisco EDC – a nexus of needs,  Broad professional and skilled employment base,  NTEC - A cost effective transition,  An attractive living environment, and  Financial support to provide jobs and tax base. 43
    • 44. Innovation – a Business Innovation goes beyond the product, Think outside the box, TETF, TMAC, and especially the Frisco EDC and NTEC have proven to be invaluable resources that have helped drive Turbo Trac towards success. 44
    • 45. “Building Innovative Companies Through Community Partnership” Panel Q&ALarry Calton Jim Gandy Dave Stiles Allen NTEC Frisco EDC Ergonurse Swenson Turbo Trac
    • 46. “Building Innovative Companies Through Community Partnership” Presented By: Thank You for Coming!

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