The VCET opened in 2005 as an incubator program and underwent restructuring in 2007. It is now supported by various organizations and has expanded its programs and impact. It serves hundreds of entrepreneurs annually through its incubation programs, mentor network, and $5M seed capital fund. The VCET strives to innovate and address the needs of Vermont's entrepreneurial ecosystem through initiatives like its entrepreneurs-in-residence program and partnerships with colleges. It is seeking to further scale its operations and deepen relationships to continue supporting startups.

2. VCET Today
• 2005
doors
opened
as
classic
incuba2on
program
• 2007
total
remake
of
programs,
value
proposi2on
and
infrastructure
began
• Financial
support
from
US
Senator
Patrick
Leahy,
Vermont
Technology
Council,
Agency
of
Commerce,
UVM
and
Middlebury
College
• 2.5
Employees,
1-­‐3
EIR’s,
3-­‐4
interns,
100+
mentors/advisers,
scores
of
strategic
partners,
network
effect
of
36+
Client
firms.
Outstanding
Board
of
Directors
• Opera2ng
budget
halved,
impact
up
20x

3. VCET Today
Mentor
Network
(i.e.
Talent
Cloud,
volunteers)
Incuba0on
Programs
(2
facili2es,
remote
services,
partners
and
hands-­‐on
counseling/assistance)
Seed
Capital
Fund
($5M
revolving
fund,
May
2010)
Por<olio
Impact

4. Entrepreneurs Served
Entrepreneurs)Served)2008)0)2012)
Cumula2ve"Entrepreneurs"Served" Entrepreneurs"Served"
600"
500"
400"
300"
200"
100"
0"
FY"2008" FY"2009" FY"2010" FY"2011" FY"2012"

5. Next Generation Jobs
Next%Genera*on%Jobs%2008%2%2012%
Cummula3ve"Next"Genera3on"Jobs" Next"Genera3on"Jobs"
800"
700"
600"
500"
400"
300"
200"
100"
0"
FY"2008" FY"2009" FY"2010" FY"2011" FY"2012"

6. Revenues
Revenues'2008'+'2012'
Cumula1ve"Revenues" Revenues"
40"
35"
30"
25"
20"
15"
10"
5"
0"
FY"2008" FY"2009" FY"2010" FY"2011" FY"2012"

7. Capital Investment
Capital'Investment'2008'1'2012'
Cumula1ve"Capital"Investment" Capital"Investment"
45"
40"
35"
30"
25"
20"
15"
10"
5"
0"
FY"2008" FY"2009" FY"2010" FY"2011" FY"2012"

8. How We Innovate
• Institutional paranoia around relevancy to Vermont
entrepreneurial ecosystem
• Measure key performance drivers to validate relevancy
and reach to entrepreneurs
• Engage with regional and national partners to learn
about not just best practices, but superior outcomes
• Solve their problems, not necessarily ours
• 1 principal new initiative a year

9. Innovation In Practice
Forward Leaning – Highly Relevant – Great Timing
• Entrepreneurs-In-Residence
• Seed Capital Fund
• Partnerships
• Tech @ Networking Series
• Co-working space
• UVM Start
• What’s Next ?

10. Connecting Student Entrepreneurs
with Alumni Donors

12. Get Involved!
• 8 Student Teams
• Each raising ~$3,000
• 45 Day Campaigns
• Launching October 18th
• www.uvmstart.org

13. Challenges Ahead
• Maintaining high degree of relevance and
service levels to Entrepreneurial Ecosystem
• Scaling the VCET team and services model to
meet record market demands
• Deepening relationships with Colleges and
Universities for faculty and student start-ups
• Securing modest annual funding to replace
expired Senator Leahy provided SBA grants
• Supporting entrepreneurs and their inherent
ever dynamic situations