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2012 ReEnergize the Americas 6B: Cathy Swain
- 1. The Hub ofHuman Innovation Clean Energy Incubator Program Hub Overview Re-energize the Americas Conference October 18, 2012 Cathy Swain, Executive Director www.hubofhumaninnovation.org
- 2. Global Competitiveness => Innovation=> CREATION Make more with less => BAKE MORE BIGGER PIES! www.hubofhumaninnovation.org 2
- 3. What is anIncubator? www.hubofhumaninnovation.org 3 Technology meets Market
- 4. Why Incubation? New Business Survival Success Rate 100 Incubated 80 60 % 40 Non- incubated 20 0 Year 5 Startups create most new net jobs in the US Incubated companies higher success => Business incubators help build healthy lasting firms that create wealth and jobs. ~ 84% of business incubator graduates continue operations within 20 miles of the incubator. Technology meets Market
- 5. Why Incubation? NBIAserves 1900+ members from 60 countries 12 incubators in 1980, now thousands in the USA alone (90 percent nonprofit) Incubators significantly impact entrepreneurship, innovation, and economic development Preliminary study* shows total economic impact over ten years 2011- 2020 = $2.1 billion for clean energy and biomedical sectors combined. Case of Austin Technology Incubator (ATI): Companies have generated $1.4 Billion revenue Created 3,000 jobs * UTEP Institute for Policy and Economic Development - IPED www.hubofhumaninnovation.org 5 Technology meets Market
- 6. Business Skills: It’s Complicated!!! Production/ Manufacturing Marketing – Competition/ Substitutes, Positioning, Pricing, Branding, Advertis ing Sales and Customer Service – Find customers, take care of them, Bring Home $$$! Distribution – Get products to Customers Finance – Capital (equipment, facilities…), operations/ cash flow, accounting, reporting Human Resources -- PEOPLE are key to commercial success!! Legal – IP, contracts, regulatory, international 9/27/2011 www.hubofhumaninnovation.org 6
- 7. The Hub Mission TheHub is a technology incubator, which nurtures the development of small technology-based businesses, helping them survive and grow during the start-up period when they are most vulnerable. We also assist technology-based businesses that are expanding, relocating, or simply need direction to move their business forward. We provide clients with business support services and tailored resources. Our goals are to: Increase the number of jobs in the community Enhance our community’s entrepreneurial climate Retain businesses in the community Accelerate growth in our core industries Diversify the local economy www.hubofhumaninnovation.org 7 Technology meets Market
- 8. Collaborative Community/University Partnership Model…THANKSTO Coalition Partners Bi-national Sustainability Laboratory (BNSL) Center for Entrepreneurship & Innovative Enterprises (CREIE) of The University of Texas at El Paso Innovate El Paso (Trans Pecos/El Paso Regional Center of Innovation & Commercialization) City of El Paso Economic Development Department (El Paso EDD) Medical Center of the Americas Foundation (MCA) Paso del Norte Group (PdN Group) U.S. - Mexico Foundation for Science Border Office (FUMEC) www.hubofhumaninnovation.org Technology meets Market
- 9. The Hub TechnologySector Targets UTEP Paso del Norte Clean Energy Incubator Program Biomedical Life Sciences Advanced Manufacturing Border Security/Defense Aerospace, Automotive, Other www.hubofhumaninnovation.org 9 Technology meets Market
- 10. What is CleanEnergy? Generation Efficiency/Conservation Transportation Storage Infrastructure Environmental/carbon footprint Advanced materials Green retail Technology meets Market
- 11. UTEP PdN Clean Energy Incubator Program Commercial Opportunities Research in Clean Energy (UTEP, NMSU, Sandia, Los Alamos) Fort Bliss renewable energy initiative to become net-zero by 2015 Maquiladoras in Juarez => companies test new products City of El Paso commitment to evaluate new clean energy products/services Local Entrepreneurs… www.hubofhumaninnovation.org 11 Technology meets Market
- 12. The Hub Clients 6 Clean Energy 3 Life Sciences 1 Aerospace 1 Defense 1 Consumer Products Venture Capital Firm RampCorp Entrepreneurship Program for Women 12 Technology meets Market
- 13. Client Support =Heart of The Hub ID client needs, Find/Match Resources to fill gaps “Soft Landing” for existing companies launching in the PdN region Structured one-on-one professional staff support Intern pool for approved special projects Business Plan Assessment, Gap Analysis Management Team and Board Development Investment Capital Opportunities Business Development Tools, Contacts, Resources Workshops, Professional “Office Hours,” Events www.hubofhumaninnovation.org 13 Technology meets Market
- 14. Affiliates and Residents Affiliate Clients have receipt of mail, and access to All Hub Client Services and to Hub facilities during normal operating hours (8 - 5 M –F) Conference room w/ conference phone, projector, screen Common area use - resource library, break room, open desks, meeting space Facsimile, photocopy, wireless Internet access Resident Clients receive additional benefits: 24/7 secured access to All Hub facilities Dedicated, furnished space onsite: Private office (~ 85 square feet enclosed) or Cubicle (~ 75 square feet) VOIP/Phone Internet Utilities and janitorial service www.hubofhumaninnovation.org 14 Technology meets Market
- 15. Hub Clean EnergyPartners Program Partner with Hub clients to commercialize new clean energy technologies Test Hub clients’ new technologies Become early adopters www.hubofhumaninnovation.org 15 Technology meets Market
- 16. Hub Manufacturing PartnersProgram Partner with Hub clients to manufacture in the region Advanced Manufactured Prototyping Test Hub client technologies Product development, from prototype to Production Model www.hubofhumaninnovation.org 16 Technology meets Market
- 17. Hub EquityNet Program EquityNet:https://www.equitynet.com/ Interactive Business Planning Tool w/ industry analytics EquityNet Receives Perfect 5-Star Crowdfunding Rating by independent Crowdfunding Website Reviews (read complete review) as the number one crowdfunding support service website. EquityNet Recognized by Forbes (read article), Entrepreneur Magazine, Bloomberg, CNET, and other journals as the inventor/pioneer of equity crowdfunding, one of the best companies poised to take advantage of the new market. Crowdfunding is asking a crowd of people to donate a defined amount of money for a specific cause or project in exchange for various rewards. Three general categories: Equity, Donation, and Debt. Wikipedia Article on Crowd Funding HERE www.hubofhumaninnovation.org 17 Technology meets Market
- 18. Hub Team MentorProgram (TMP) Flexible Volunteer Mentor TEAMS Expertise to serve changing client needs Based on confidentiality, trust, objectivity, accountability MIT Venture Mentoring Services (VMS) Model Developed and proven over 12 years 1,500 entrepreneurs/900 ventures served, 142 ventures launched/executing Builds stronger entrepreneurship culture Drives local business formation Improves new venture probability of success www.hubofhumaninnovation.org 18 Technology meets Market
- 19. Outreach: Workshops/Events 4th Thursdayof every month at The Hub: Hub After Hours Networking 5-6:30 pm Workshops e.g. Law School for Startups Financing for Startups Manufacturing on the Border Export/Import ins and outs Camino Real Venture Competition (CRVC) RampCorp Entrepreneurship Training for women www.hubofhumaninnovation.org 19 Technology meets Market
- 20. Outreach: National/Global Events Re-Energize the Americas Border Energy Forum “Smart Clean Energy Course” hosted by Pecan Street Inc., Austin Technology Incubator (ATI), Webber Energy Group Clean Energy Venture Summit Climate Leadership Academy (CLA) AURP’s Southwest Regional Meeting NBIA Annual International Conference Global Innovation Summit – “Rainforest” Innovation Ecosystem www.hubofhumaninnovation.org 20 Technology meets Market
- 21. How to Apply Application on Hub Website: www.hubofhumaninnovation.org Must meet the following eligibility criteria: Commitment to create, develop, or expand a US business venture with employment in the Region Commitment to ongoing Hub relationship – Not just development of a Business Plan (e.g. for competition) Nature of business must be legal Innovative, scalable business opportunity, preferably with identifiable intellectual property Entrepreneur or inventor serious about the venture (time & resources) Reasonable time to market for products/services (within 3 years) Coachable attitude Acceptable background check ($60 application fee) www.hubofhumaninnovation.org 21 Technology meets Market
- 22. Your Opportunities YourMarketplace is GLOBAL!!! Today’s Technologies are REVOLUTIONARY in some parts of the world!! YOUR Business may be SCALABLE!! Paso Del Norte Region is a LOGISTICS MECCA= GATEWAY TO THE AMERICAS!! Articulate and Spread the PdN Region Value Proposition/Story!!! www.hubofhumaninnovation.org 22 Technology meets Market
- 23. YOUR Challenges! Be Leaders, Mentors, Champions! Engage and Collaborate! (Stone Soup) Identify and Embrace Regional Assets! Respect Contributions of ALL Sectors! Articulate the Paso del Norte Region’s Story! Spread the PdN Story Globally! Support Entrepreneurs and Incubators in the Region! www.hubofhumaninnovation.org 23 Technology meets Market
- 24. How do YOUEat an Elephant? www.hubofhumaninnovation.org 24
- 25. ONE BITE ATA TIME!!! www.hubofhumaninnovation.org 25
- 26. CONTACT US! Our Website: www.hubofhumaninnovation.org FaceBook: http://www.facebook.com/TheHubEP Also LinkedIn and Twitter… Our People: Ernesto Gamboa, Business Director – Clean Energy ernesto@hubofhumaninnovation.org Nancy Lowery, Assistant Director and Hub TMP Operations Manager nancy@hubofhumaninnovation.org Cathy Swain Executive Director cathy@hubofhumaninnovation.org www.hubofhumaninnovation.org 26 Technology meets Market
Editor's Notes
- #6 Technology Incubator serving El Paso/West Texas, Ciudad Juarez, Chihuahua, and Southern New MexicoFocused on technology and high growth entrepreneurial businesses (early-mid stage) Contributes to high-wage job growthComplements economic development attraction and retention programsSupports/complements MCA Foundation’s major initiative to build a biosciences technology complex Develops innovation/ entrepreneurship culture in the Paso del Norte border region
- #8 The Hub of Human Innovation : 501(c)(3) Regional Collaborative technology incubator, 3k sf Facility Downtown El Paso TXTechnology Incubator serving El Paso/West Texas, Ciudad Juarez, Chihuahua, and Southern New MexicoFocused on technology and high growth entrepreneurial businesses (early-mid stage) Contributes to high-wage job growthComplements economic development attraction and retention programsSupports/complements MCA Foundation’s major initiative to build a biosciences technology complex Develops innovation/ entrepreneurship culture in the Paso del Norte border region
- #10 CLEAN ENERGY:Generation: wind, solar, biofuels, geothermal, tidalEfficiency: solid state lighting (LED’s), green buildingTransportation: electric vehiclesStorage: batteries, ultra-capacitorsInfrastructure: building automation, smart grid, carbon tradingEnvironmental: water, wastewater, recycling, remediationAdvanced materials: carbon composites, nano-materialsGreen retail: consumer goods
- #11 Generation: wind, solar, biofuels, geothermal, tidalEfficiency: solid state lighting (LED’s), green buildingTransportation: electric vehiclesStorage: batteries, ultra-capacitorsInfrastructure: building automation, smart grid, carbon tradingEnvironmental: water, wastewater, recycling, remediationAdvanced materials: carbon composites, nano-materialsGreen retail: consumer goods
- #12 Generation: wind, solar, biofuels, geothermal, tidalEfficiency: solid state lighting (LED’s), green buildingTransportation: electric vehiclesStorage: batteries, ultra-capacitorsInfrastructure: building automation, smart grid, carbon tradingEnvironmental: water, wastewater, recycling, remediationAdvanced materials: carbon composites, nano-materialsGreen retail: consumer goods
- #13 Pasolus:EvoAir: Innovative products for aircraft manufacturers seeking to improve safety, enhance flight handling, and customized operating solutions.*InterLinx: Revolutionary design and development solutions for net-zero buildings.*LeFran World Products: Creative and intellectual inventiveness creates innovative solutions to everyday challenges.*TEAM Technologies: Advanced engineering & electronics manufacturing company headquartered in Albuquerque, expanding into Paso del Norte region. Expertise in design and fabrication of unique and complex devices requiring instrumentation and controls and precision machining.*RoofCARE: Making roofs last – Innovative technology-based solutions for roof repair and maintenance.Limbs International SpiraRampCorp: Texas State’s entrepreneurship program for women, hosted at UTEP College of Engineering. 20 Participants.Verge Fund: Anchor Venture Capital Fund headquartered in AlbuquerquePipeline: EcoPump, Helicam, Kegerator… Infolink,Acagi, IDA, Innovative Organic Solutions
- #18 Equity-based crowdfunding is asking a crowd to donate to your business or project in exchange for equity.Donation-based crowdfunding is asking a crowd to donate to your project in exchange for tangible, non-monetary, rewards such as an ecard, t-shirt, pre-released CD, or the finished product.Debt-based crowdfunding is asking a crowd to donate to your business or business project in exchange for financial return and/or interest at a future date.The Good: Crowdfunding is useful for a variety of opportunities, whether fundraising for disaster-relief, creative projects, creating a salable product, or creating a start-up. Crowdfunding platforms allow you to market your project, generate interest, and receive funds. Crowdfunding backers can provide useful feedback about your project. Once you get a solid base of support, there is no limit to the amount of projects you can fund.The Bad: Crowdfunding your project exposes your ideas to potential copycats. Crowdfunding platforms may limit the amount of funds you can receive. Crowdfunding regulations and taxation can be difficult to work with.The Excellent: Crowdfunding is not limited to certain kind of project, there is no discrimination! Only great ideas! Crowdfunding can be fast, efficient, and effective if done right.There can be little risk involved compared to other business ventures. The more creativity and fun you have, the more likely you’ll get funded. This is the link and credit to the original posting.
- #19 “…a fledgling business is far more likely to thrive when an entrepreneur with an idea can draw upon the advice and guidance of a group of mentors with proven skills and experience.”
- #20 , led by partner Paul Maxwell (BNSL) on September 15th with 15 in attendance. Cathy Swain attended the Climate Leadership Academy (CLA)event, in Denver September 12-14 by invitation with the City of El Paso Economic Development Office team (Carlos Guzman - Hub Board member and local entrepreneur, Edgar Campo-Palofax – City of El Paso Senior Economic Development Specialist, Marty Howell – City of El Paso Sustainability officer. The Institute for Sustainable Communitiesbased in Montpelier VT facilitated theevent and 14 teams from cities in 12 states participated.Cathy led a breakout session on the Clean Energy Incubator Program and the Hub, with approximately 15 participants from around the US.Cathy attended AURP’s Southwest Regional Meeting entitled “Working with Federal Labs” September 15-16 in Santa Fe, sponsored by Sandia Science & Technology Park, Los Alamos Research Park, Arrowhead Business & Research Park at New Mexico State University, and the City of Albuquerque. It included a tour of Los Alamos National Lab and Los Alamos Research Park. She met heads of technology transfer from both Federal Labs, as well as several research park and incubator heads in the Southwest Region.Cathy Swain attended the Clean Energy Venture Summit September 28-30 at the AT&T Conference Center at UT Austin, and met with SECO funders at the VIP dinner. Cathy met with EDA staff in Austin and with Larry Peterson, Executive Director of the Texas Foundation for Innovative Communities (TxFIC) to discuss grant options to help sustain the CEI Program and Hub operations starting later next year. Outreach ahead:We are sponsoring a booth as an exhibitor at the Re-Energize the Americas two-day sustainable energy conference at the El Paso Convention Center October 26-27, with two of our clean energy client companies participating with us in our space. We will attend the Border Energy Forum on October 27-28, also at the El Paso Convention Center, expecting to attract approximately 250 people from Mexico and ten Border States.We have scheduled our first board meeting for November 4th.We are scheduling training for five people at MIT in November to launch a formal mentoring program here in El Paso, sponsored by the Hub.
- #21 , led by partner Paul Maxwell (BNSL) on September 15th with 15 in attendance. Cathy Swain attended the Climate Leadership Academy (CLA)event, in Denver September 12-14 by invitation with the City of El Paso Economic Development Office team (Carlos Guzman - Hub Board member and local entrepreneur, Edgar Campo-Palofax – City of El Paso Senior Economic Development Specialist, Marty Howell – City of El Paso Sustainability officer. The Institute for Sustainable Communitiesbased in Montpelier VT facilitated theevent and 14 teams from cities in 12 states participated.Cathy led a breakout session on the Clean Energy Incubator Program and the Hub, with approximately 15 participants from around the US.Cathy attended AURP’s Southwest Regional Meeting entitled “Working with Federal Labs” September 15-16 in Santa Fe, sponsored by Sandia Science & Technology Park, Los Alamos Research Park, Arrowhead Business & Research Park at New Mexico State University, and the City of Albuquerque. It included a tour of Los Alamos National Lab and Los Alamos Research Park. She met heads of technology transfer from both Federal Labs, as well as several research park and incubator heads in the Southwest Region.Cathy Swain attended the Clean Energy Venture Summit September 28-30 at the AT&T Conference Center at UT Austin, and met with SECO funders at the VIP dinner. Cathy met with EDA staff in Austin and with Larry Peterson, Executive Director of the Texas Foundation for Innovative Communities (TxFIC) to discuss grant options to help sustain the CEI Program and Hub operations starting later next year. Outreach ahead:We are sponsoring a booth as an exhibitor at the Re-Energize the Americas two-day sustainable energy conference at the El Paso Convention Center October 26-27, with two of our clean energy client companies participating with us in our space. We will attend the Border Energy Forum on October 27-28, also at the El Paso Convention Center, expecting to attract approximately 250 people from Mexico and ten Border States.We have scheduled our first board meeting for November 4th.We are scheduling training for five people at MIT in November to launch a formal mentoring program here in El Paso, sponsored by the Hub.
- #24 Economic Gardening is an economic development model that embraces the fundamental idea that entrepreneurs drive economies. The model seeks to create jobs by supporting existing companies in a community. The concept, pioneered in 1987 in Littleton, Colorado, when the state was in a recession, is an alternative to traditional economic development practices. It initially was based on research by MIT’s David Birch, who suggested that most new jobs in any local economy were produced by the community’s small, local businesses. In Littleton, city leaders observed that only 3 to 5 percent of all companies were "high growth" but determined that those "gazelles" were creating the great majority of new jobs.Economic gardening connects entrepreneurs to resources, encouraging the development of essential infrastructure and providing entrepreneurs with needed information. The Littleton economic gardening initiative provides local entrepreneurs with access to competitive intelligence on markets, customers, and competitors that is comparable to the resources customarily only available to large firms. Included in the market information category are database and data mining resources, and geographic information systems.Since 1989, Littleton (population 41,000), has added 15,000 jobs, with no incentives. Although no formal studies of economic gardening’s impact exist, it is widely believed in Littleton that the concept has made an important contribution to this result.By the late 1990s, a number of communities (including Lake Elsinore, San Bernardino, Chico, and San Luis Obispo in California; Santa Fe, New Mexico; Lancaster County, Pennsylvania; Steamboat Springs, Colorado; the state of Wyoming; and the North Down Borrough of Northern Ireland) were beginning to investigate and experiment with economic gardening. Major states like California regularly include economic gardening discussions in their state economic development conferences, and cities including Oakland and Berkeley have small pilot economic gardening projects under way.The Edward Lowe Foundation is especially interested in the concept and is supporting such programs that assist second-stage companies.