This document outlines the mission, vision, milestones, committees, advisory board, and funding sources for a technology incubator. The mission is to support early stage companies and create new jobs in the region. The vision is to catalyze 40 new companies employing 4000 people within five years. Near term milestones include reaching operational break-even, recruiting more client companies, and continuing development of entrepreneurship programs. The incubator is advised by a board of local business leaders and committees. Funding comes from the city of Hampton and other sources like rents, grants, and sponsorships.
Nicola Wealth Presents Share the Pie: The Art of Building a Winning CultureNicola Wealth
John Nicola, Chairman and CEO of Nicola Wealth, joined Vanessa Flockton, Senior Vice President Advisory Services at Nicola Wealth to explain the art of building a winning company culture through the Share the Pie business model.
Canadian Tax Insights: How High Net Worth Investors Should Navigate Today’s T...Nicola Wealth
In this webinar, Nicola Wealth CEO, John Nicola will address timely taxation topics to help you understand the developments in Canadian tax policy in relation to the taxation of homes, wealth, capital gains, and marginal tax rates. John will further prepare you to navigate the current tax environment by reviewing several tax planning options available to you and how these strategies integrate with overall portfolio design.
Nicola Wealth Specialty Series: The Business Owner's Path to TransitionCharis Whitbourne
An interactive half-day workshop designed specifically for business owners, their business partners, and their close advisors. This workshop focuses on the challenges and solutions faced during the business transition; whether you are preparing to sell your company or pass it to the next generation.
Featuring a panel of seasoned experts, we review a real-world business transition scenario, providing valuable discussion and insight around the complexities of transitions.
This is a presentation I made at MIT in January 2016 on how to build an excel spreadsheet for your business plan. I also discuss equity distribution among founders, employees, and investors.
UBS Investment Banking Challenge - Campus Final Pitch Book 2018 Oscar Haman
Case study competition on the past M&A transaction between Tatts Group Ltd and Tabcorp
Completing this case involved:
- Advising Tatts on how to proceed against the Tabcorp offer
- Creating a competitive bidding environment to force Tabcorp to raise their offers
- Market analysis of the gambling sector
- Valuation of Tatts through a DCF
- Constructing a merger model between Tatts and Tabcorp
- Devising various defence strategies against unfavourable takeover proposals
- Write-up of an ASX notice to Tatts' shareholders
- Creation of a decision tree to guide Tatts throughout this defence
Nicola Wealth Presents Share the Pie: The Art of Building a Winning CultureNicola Wealth
John Nicola, Chairman and CEO of Nicola Wealth, joined Vanessa Flockton, Senior Vice President Advisory Services at Nicola Wealth to explain the art of building a winning company culture through the Share the Pie business model.
Canadian Tax Insights: How High Net Worth Investors Should Navigate Today’s T...Nicola Wealth
In this webinar, Nicola Wealth CEO, John Nicola will address timely taxation topics to help you understand the developments in Canadian tax policy in relation to the taxation of homes, wealth, capital gains, and marginal tax rates. John will further prepare you to navigate the current tax environment by reviewing several tax planning options available to you and how these strategies integrate with overall portfolio design.
Nicola Wealth Specialty Series: The Business Owner's Path to TransitionCharis Whitbourne
An interactive half-day workshop designed specifically for business owners, their business partners, and their close advisors. This workshop focuses on the challenges and solutions faced during the business transition; whether you are preparing to sell your company or pass it to the next generation.
Featuring a panel of seasoned experts, we review a real-world business transition scenario, providing valuable discussion and insight around the complexities of transitions.
This is a presentation I made at MIT in January 2016 on how to build an excel spreadsheet for your business plan. I also discuss equity distribution among founders, employees, and investors.
UBS Investment Banking Challenge - Campus Final Pitch Book 2018 Oscar Haman
Case study competition on the past M&A transaction between Tatts Group Ltd and Tabcorp
Completing this case involved:
- Advising Tatts on how to proceed against the Tabcorp offer
- Creating a competitive bidding environment to force Tabcorp to raise their offers
- Market analysis of the gambling sector
- Valuation of Tatts through a DCF
- Constructing a merger model between Tatts and Tabcorp
- Devising various defence strategies against unfavourable takeover proposals
- Write-up of an ASX notice to Tatts' shareholders
- Creation of a decision tree to guide Tatts throughout this defence
Healthcare| Ontario| | Analysis and Commentary| January 2019paul young cpa, cga
Healthcare is a key area for many countries
Canada spends roughly 10% of GDP on healthcare or about $200B. Approximately 20% comes from the federal government through the HST
The largest expenditures for provinces is healthcare. Ontario for example spends around $55B or about 40% of their budget on healthcare
There is lots of waste within healthcare as many provinces have not done a very good job when it comes to value for money/healthcare
The delivery model is broken!
• Presentations from sources of grant, debt and equity funding, as well as business support agencies operating in the region
• The presentations will be short and sharp giving the delegate a basis for an assessment of which funding stream/funder matches their requirements
• To have a targeted session depending on your business needs – with a session focussed on start-up/early stage businesses
ACN is already an incredible opportunity. No imagine if I can show you how to be a part of this explosive opportunity, with no money out of your pocket? Take a look at the presentation and if it makes sense to you, email me at ljparkerllc@yahoo.com and I'll send you information on an exclusive opportunity for free training, mentor-ship and how you too can start your ACN business no money out of your pocket!
https://bloomerang.co/resources/webinars/
Stephanie Skryzowski will show you the foundation of financial management, why transparency in your financials is important, who should see your financials, how to present the financials, and specific reports and metrics attendees can review and share with stakeholders.
Investor Presentation of Solution Based Training Strategy Hint Creative Group
Overview of SFL process and solution based business model detailing market opportunity for effective sales training. Transforming thousands of sales professionals from an analog to digital sales process, with our world-class sales training.
Alvarez & Marsal Taxand, LLC,a tax-advisory affiliate of management consulting firm Alvarez & Marsal, recently surveyed top financial executives of U.S. multinational companies to solicit perspectives and priorities with respect to tax competitiveness and tax reform.
Waste Management propoal that I presented for Elected Officials and City Management of High Point, NC. This contract was competed out. I lost; but came very close to obtaining contract.
Francis Clark is delighted to present our 9th annual Finance in Cornwall event, which has become an integral part of ‘Cornwall Business Week’.
The event looks to bring together people representing the funding and support streams potentially available to SMEs. Therefore, the event is of great relevance to Business Owners and Managers looking to find the best finance options available for their business and the support on offer to help them achieve their aims.
This year's event includes presentations from the big banks as well as the "alternative" finance providers. There will also be a number of organisations contracted to provide business support; including the providers of the Growth Hub and an update on 'European Funding'.
Pre-Summit Workshop - New Markets Tax Credit Presentationkingdom1realty
What are New Markets Tax Credits?
First tax credit program to stimulate commercial investment in “low-income communities”
The program is administered by the US Treasury Department through a division call the CDFI Fund, in a unique public/private partnership with Community Development Entities (CDEs)
This seminar features presentations from sources of grant, debt and equity funding, as well as business support agencies operating in the region. The presentations will be short and sharp giving the delegate a basis for an assessment of which funding stream/funder matches their requirements.
PwC Presents: VC Investing – Major trends of the first half of 2014 and predi...Proformative, Inc.
As we predicted in our last Proformative VC update, 2014 is turning into an exciting year for venture capital, with increased investing activity and headline-grabbing exits. Please join representatives from PwC’s Emerging Company Services Group as they provide an overview of recent venture capital investment trends, interpreting findings from the PricewaterhouseCoopers/National Venture Capital Association MoneyTree™ Report, based on data from Thomson Reuters.
Healthcare| Ontario| | Analysis and Commentary| January 2019paul young cpa, cga
Healthcare is a key area for many countries
Canada spends roughly 10% of GDP on healthcare or about $200B. Approximately 20% comes from the federal government through the HST
The largest expenditures for provinces is healthcare. Ontario for example spends around $55B or about 40% of their budget on healthcare
There is lots of waste within healthcare as many provinces have not done a very good job when it comes to value for money/healthcare
The delivery model is broken!
• Presentations from sources of grant, debt and equity funding, as well as business support agencies operating in the region
• The presentations will be short and sharp giving the delegate a basis for an assessment of which funding stream/funder matches their requirements
• To have a targeted session depending on your business needs – with a session focussed on start-up/early stage businesses
ACN is already an incredible opportunity. No imagine if I can show you how to be a part of this explosive opportunity, with no money out of your pocket? Take a look at the presentation and if it makes sense to you, email me at ljparkerllc@yahoo.com and I'll send you information on an exclusive opportunity for free training, mentor-ship and how you too can start your ACN business no money out of your pocket!
https://bloomerang.co/resources/webinars/
Stephanie Skryzowski will show you the foundation of financial management, why transparency in your financials is important, who should see your financials, how to present the financials, and specific reports and metrics attendees can review and share with stakeholders.
Investor Presentation of Solution Based Training Strategy Hint Creative Group
Overview of SFL process and solution based business model detailing market opportunity for effective sales training. Transforming thousands of sales professionals from an analog to digital sales process, with our world-class sales training.
Alvarez & Marsal Taxand, LLC,a tax-advisory affiliate of management consulting firm Alvarez & Marsal, recently surveyed top financial executives of U.S. multinational companies to solicit perspectives and priorities with respect to tax competitiveness and tax reform.
Waste Management propoal that I presented for Elected Officials and City Management of High Point, NC. This contract was competed out. I lost; but came very close to obtaining contract.
Francis Clark is delighted to present our 9th annual Finance in Cornwall event, which has become an integral part of ‘Cornwall Business Week’.
The event looks to bring together people representing the funding and support streams potentially available to SMEs. Therefore, the event is of great relevance to Business Owners and Managers looking to find the best finance options available for their business and the support on offer to help them achieve their aims.
This year's event includes presentations from the big banks as well as the "alternative" finance providers. There will also be a number of organisations contracted to provide business support; including the providers of the Growth Hub and an update on 'European Funding'.
Pre-Summit Workshop - New Markets Tax Credit Presentationkingdom1realty
What are New Markets Tax Credits?
First tax credit program to stimulate commercial investment in “low-income communities”
The program is administered by the US Treasury Department through a division call the CDFI Fund, in a unique public/private partnership with Community Development Entities (CDEs)
This seminar features presentations from sources of grant, debt and equity funding, as well as business support agencies operating in the region. The presentations will be short and sharp giving the delegate a basis for an assessment of which funding stream/funder matches their requirements.
PwC Presents: VC Investing – Major trends of the first half of 2014 and predi...Proformative, Inc.
As we predicted in our last Proformative VC update, 2014 is turning into an exciting year for venture capital, with increased investing activity and headline-grabbing exits. Please join representatives from PwC’s Emerging Company Services Group as they provide an overview of recent venture capital investment trends, interpreting findings from the PricewaterhouseCoopers/National Venture Capital Association MoneyTree™ Report, based on data from Thomson Reuters.
Team NEO welcomed 200+ regional business and civic leaders to our annual State of the Region event, sponsored by Akron-Canton Airport, AT&T and Dominion. The evening began with a "Pop Quiz" to see how well we know The Plus in Northeast Ohio, then we welcomed four of Team NEO's 25 recruited companies to the region. Finally, the main event was a moderated discussion featuring the mayors of Akron, Canton, Cleveland and Youngstown
Stuart Reid, Executive Director, Food Co-op Initiative (FCI), presented to start-up staff, steering committee, and Board members at NFCA's Sixth Annual Meeting. This presentation reviews some of the most important financial tools that every start-up food co-op needs. This includes Sources & Uses budget, financial pro formas, and market studies, and focus on how to understand these tools and use the information to strengthen your co-op's plans.
Webinar: The Lending Opportunity of a Generation, March 9, 2016project-equity
Slides from a webinar co-hosted by Cooperative Fund of New England, Democracy at Work Institute and Project Equity in March 2016 talking about the lending opportunity of worker coop conversions.
For more information, and to view a recording of the webinar:
http://www.project-equity.org/events-and-webinars/webinar-lending-opportunity-of-a-generation-030916/
The Private Equity Play by Mike LorelliMike Lorelli
The Private Equity Play is a comprehensive overview on how the private equity model works: what’s in it for the Limited Partners, the private equity firm, and portfolio company management. You don’t need to be on the buy side or sell side of the private equity equation to find this presentation of value and interest. It will broaden everyone’s understanding of this major component of the capital markets.
Grow + Sell Your Business Part Three: Practical Tips To Facilitate a TransactionKegler Brown Hill + Ritter
Presented by Eric Duffee and Michael Shaw, Copper Run Capital, on 10/17 as part of a Four Part Series. This segment of the series offered 8 clear steps to follow in pursuit of facilitating a successful transaction. It covered areas such as securing your assets, awareness of current market trends, a visual analysis of our current market update, and surrounding yourself with the right team.
How to Build a Diversified Investment Portfolio.pdfTrims Creators
Building a diversified investment portfolio is a fundamental strategy to manage risk and optimize returns. For both novice and experienced investors, diversification offers a pathway to a more stable and resilient financial future. Here’s an in-depth guide on how to create and maintain a well-diversified investment portfolio.
Textile Chemical Brochure - Tradeasia (1).pdfjeffmilton96
Explore Tradeasia’s brochure for eco-friendly textile chemicals. Enhance your textile production with high-quality, sustainable solutions for superior fabric quality.
Salma Karina Hayat is Conscious Digital Transformation Leader at Kudos | Empowering SMEs via CRM & Digital Automation | Award-Winning Entrepreneur & Philanthropist | Education & Homelessness Advocate
Explore Sarasota Collection's exquisite and long-lasting dining table sets and chairs in Sarasota. Elevate your dining experience with our high-quality collection!
Best Crypto Marketing Ideas to Lead Your Project to SuccessIntelisync
In this comprehensive slideshow presentation, we delve into the intricacies of crypto marketing, offering invaluable insights and strategies to propel your project to success in the dynamic cryptocurrency landscape. From understanding market trends to building a robust brand identity, engaging with influencers, and analyzing performance metrics, we cover all aspects essential for effective marketing in the crypto space.
Also Intelisync, our cutting-edge service designed to streamline and optimize your marketing efforts, leveraging data-driven insights and innovative strategies to drive growth and visibility for your project.
With a data-driven approach, transparent communication, and a commitment to excellence, InteliSync is your trusted partner for driving meaningful impact in the fast-paced world of Web3. Contact us today to learn more and embark on a journey to crypto marketing mastery!
Ready to elevate your Web3 project to new heights? Contact InteliSync now and unleash the full potential of your crypto venture!
What You're Going to Learn
- How These 4 Leaks Force You To Work Longer And Harder in order to grow your income… improve just one of these and the impact could be life changing.
- How to SHUT DOWN the revolving door of Income Stagnation… you know, where new sales come into your magazine while at the same time existing sponsors exit.
- How to transform your magazine business by fixing the 4 “DON’Ts”...
#1 LEADS Don’t Book
#2 PROSPECTS Don’t Show
#3 PROSPECTS Don’t Buy
#4 CLIENTS Don’t Stay
- How to identify which leak to fix first so you get the biggest bang for your income.
- Get actionable strategies you can use right away to improve your bookings, sales and retention.
When listening about building new Ventures, Marketplaces ideas are something very frequent. On this session we will discuss reasons why you should stay away from it :P , by sharing real stories and misconceptions around them. If you still insist to go for it however, you will at least get an idea of the important and critical strategies to optimize for success like Product, Business Development & Marketing, Operations :)
Reflect Festival Limassol May 2024.
Michael Economou is an Entrepreneur, with Business & Technology foundations and a passion for Innovation. He is working with his team to launch a new venture – Exyde, an AI powered booking platform for Activities & Experiences, aspiring to revolutionize the way we travel and experience the world. Michael has extensive entrepreneurial experience as the co-founder of Ideas2life, AtYourService as well as Foody, an online delivery platform and one of the most prominent ventures in Cyprus’ digital landscape, acquired by Delivery Hero group in 2019. This journey & experience marks a vast expertise in building and scaling marketplaces, enhancing everyday life through technology and making meaningful impact on local communities, which is what Michael and his team are pursuing doing once more with Exyde www.goExyde.com
2. Mission
• To find nascent ideas and assist the
originator in the creation of new
ventures
• To enhance the success of early stage
entrepreneurial technology
companies in growing into going
concerns
• To support the economic growth of
the region
3. Vision
• To catalyze the creation of 40 new
companies that employ on average
100 people within five years, creating
4000 new jobs.
• To be recognized as one of the five
best regions in the United States for
startups
4. Near Term Milestones
Incubator Manager
Reach Break-even in
Incubator Operations
Reach Break-even for
Start-Peninsula events
Successfully lobby for
funding of super-
computer
Further diversify sources
of revenue
Increase revenue such
that a receptionist can
fit the budget
Successfully apply for
Fab/Lab funding
Incubator Manager
Continue engagement
on Science Park vision
Continue development
of Entrepreneurship
Clubs at regional
universities
Recruit an additional five
client companies by
March 2014
Continue to engage
strategic entities across
the region in support of
entrepreneurship
6. Advisory Board
Composed of local business leaders:
HR – Anne Lise Gere – Owner Gere
Consulting
Entrepreneurship – J.R. Locke – Director
Hampton University Incubator
Capital Formation – John Paris –
Managing Partner, Private Equity
Practice, Williams Mullen
Entrepreneurship – Marty Kaszubowski –
Director Center fo Economic
Engagement, Old Dominion University
Business – Mike Kuhns – President
Peninsula Chamber of Commerce
Accounting – Paul DiNardo – Partner
Wall Einhorn Chernitzer
Online Marketing – Tim Jones – Owner
Eternal Worx
Entrepreneurship – Tim Ryan – Director
Triangle Business Innovation Center
Finance – Anne Shuford
Responsibilities
Mentor Incubator clients
Provide expert assistance in
their respective areas of expertise
Become involved with funding
Incubator clients
7. Investment Fund/Network
Establish a $2MM Seed and Angel
level investment fund that can make
40 x $50K investments in the next 2-3
years and participate with other larger
funds when appropriate
***This continues to be a gap. Will
focus on funding for startups in 2014***
Advantages to Incubator
One more reason that
businesses would seek our services
Adds credibility with both
investors and clients that the
incubator would have skin in the
game.
Advantages to Incubator Clients
Eliminates biggest reason new
businesses fail is lack of access to
capital
Establish an Angel network of 150 high
net worth individuals who each pay
$1000 per year to participate
($150,000 budget/yr) and commit to
making one $10,000 investment during
the three year period for a total of
$15,000,000 over three years.
**This continues to be a gap. Will
focus on funding for startups in 2015***
9. Funding
Because of competition between municipalities it is expected that we will operate largely
on funds provided by the City of Hampton however other sources of revenue are
materializing.
Other potential sources of funding include:
1)Rent for Space estimated at approx. $30K
2)Profit on Start Peninsula 3.0 estimated at $10K
3)Proceeds from Grants from Federal EDAP program (unlikely but potentially larger
$25K – $500K)
4)Actual proceeds from SBA Grant ($50,000)
5)We view matching contributions from Newport News as possible in the 2015
timeframe.
10. Funding cont’d
Funding Source Amount Percentage Amount Percentage Amount Percentage Amount Percentage Amount Percentage
Hampton EDA $50,000.01 56% $50,000.01 51% $0 0% $0 0% 100,000.02$ 53%
Start! Peninsula 3.0 Sponsorships $20,630.11 23% $17,837.37 18% 38,467.48$ 21%
SBA Grant $2,500.00 3% $15,527.15 16% 18,027.15$ 10%
Rents Paid by Clients $9,152.90 10% $6,604.53 7% 15,757.43$ 8%
Value of Subsidized Rent from NIA $7,464.38 8% $7,464.38 8% 14,928.75$ 8%
Fees Paid for Accelerator Programming $0.00 0% $1,085.20 1% 1,085.20$ 1%
Regional Efforts/Consulting $0.00 0% $1,000.00 1% 1,000.00$ 1%
Interest $0.51 0% $1.41 0% 1.92$ 0%
Total $89,748 100% $97,433 100% $0 0% $0 0% $187,181 100%
* Value of Subsidized rent calculated as 3981 Sq Ft @ $10.50 vs $18.00 market rate
3981 18.00$ 71,658.00$
3981 10.50$ 41,800.50$
Annual 29,857.50$
Table D
PERCENTAGE OF INCUBATOR OPERATING EXPENSES FUNDED BY HAMPTON EDA
1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Totals
11. Client Companies
TYPE
# Client Name SI/AI Level 0 Level 1 Level 2 Level 3 Level 4 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Total
1 York and Whiting SI 1 3 1 4
2 Global Green Energy Alternatives SI 1 3 3 6
3 Laser and Plasma Technology SI 1 2 2 4
4 Pancopia SI 1 2 2
5 Flow Diagnostics SI 1 0 0
New Client Totals 0 1 2 1 0 8 8 0 0 16
TYPE
# Client Name SI/AI Level 0 Level 1 Level 2 Level 3 Level 4 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Total
1 SMD Corp SI 1 1 2 3
2 HIS Energy SI 1 37 45 82
3 Citadel Logic SI 1 3 6 9
4 EMB Infotech SI 1 3 2 5
5 US Education Gateway SI 1 5 1 6
6 CrossRope SI 1 29 23 52
7 FreePing (Formerly HeadCount) SI 1 44 43 87
Existing Resident ClientTotals 0 0 3 1 3 122 122 0 0 244
TYPE
# Client Name SV/AV Level 0 Level 1 Level 2 Level 3 Level 4 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Total In Out
1 Feedback SV 1 15 5 20 1
2 Jane Lockhart AV 1 36 36 1
3 Dianne Cesvette AV 1 36 36 1
4 Michael Cook AV 1 40 40 1
5 Myra Hicks AV 1 40 40 1
6 Steve Woll AV 1 36 36 1
7 Duncan Hamra AV 1 36 36 1
8 Will Jenkins AV 1 36 36 1
9 Landon Bland AV 1 36 36 1
10 Colin Coyle AV 1 18 18 1
11 Judy Bradby AV 1 40 40 1
12 Tom Spalthoff AV 1 36 36 1
13 Abigail Johnson AV 1 18 18 1
Totals 0 12 0 1 0 15 413 0 0 428 1 12
TOTAL ALL CLIENTS 0 13 5 3 3 145 543 0 0 688
Full-time Part-time Full-time Part-time Full-time Full-time Part-time Full-time Part-time
29 25 26 17 55 42
2 3 2 3 4 6
$6,000 $0 $0
3rd Qtr 4th Qtr
Actual Revenue Aggregate
Hampton Virtual in Aggregate
CLIENT STATUS
EST. REVENUES OF VIRTUAL CLIENTS 1st Qtr 2nd Qtr
EST. vs ACTUAL REVENUES OF RESIDENT CLIENTS 1st Qtr 4th Qtr
Estimated Revenue Aggregate
$18,000
CLIENT STATUS
CLIENT STATUSEXISTING RESIDENT CLIENTS
NEW RESIDENT CLIENTS
VIRTUAL INCUBATOR CLIENTS
2nd Qtr 3rd Qtr
HOURS ASSISTING CLIENTS
HOURS ASSISTING CLIENTS
HOURS ASSISTING CLIENTS
$897,500 $3,675,500
$24,000
Total
$0
Part-time
3rd Qtr Total
HAMPTON
13
Total
$1,167,499 $1,997,886$830,387
$1,127,500 $801,000 $849,500
2nd Qtr
Non-Hampton Virtual in Aggregate
4th Qtr
$0 $0
Virtual Clients in Aggregate
Hampton Resident Clients in Aggregate
INCUBATOR CLIENT EMPLOMENT
107Total Number of Employees 59 48 0 0
1st Qtr
12. Successes
In the last year PTI affiliated companies have won the following awards:
•HIS Energy – Tech Cocktail’s - “Hottest Tech Startup in Baltimore” and "Hottest Startup in
the Nation"
•FreePing – Tech Cocktail’s - "Hottest Startup in DC",
•Feedback - Inc. Magazine's - "Get Started NoVa" grand prize winner
•Aesop Technologies - 1st Prize at Semper Startup and 1st Prize at Start Norfolk
•Crossrope – Chosen by Babson College and Goldman Sachs to participate in 10,000 Small
Businesses, the only company from Virginia to be selected
In the last three years PTI affiliated companies have won over $100,000 in prizes and received
$590,000 in investment. There is another $780,000 in investments expected in the next 90 days.
Last year PTI was named one of the top fifty accelerator programs in the United States by the
Small Business Administration. It is interesting to note that the SBA application required us to
look at metrics that we were not tracking. The companies we serve fall into the following
demographics that are of interest to the SBA and may be of interest to the reader:
•18.2% of companies we serve are women owned
•72.7% are minority owned
•27.3% are Veteran owned
•45.5% either manufacture or intend to manufacture a physical product
13. Summary
Problem Statement: It is more difficult to build a business in Hampton
Roads, than in other localities. Therefore viable businesses are either
stillborn or relocated to other municipalities where it is easier.
Corollary: This lack of new and exciting businesses with associated highly
compensated jobs encourages our best and brightest to move to other
areas (Research Triangle, NOVA and elsewhere)
Proposed Solution: Create an environment where it is easier for students
and researchers to create high tech, exciting businesses, by easing
access to capital, and expertise and therefore enhance the probability of
succeeding in business in Hampton Roads.