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austin technology incubator

austin technology incubator. New Strategies for the 21 st Century Incubator Presented by: Erin Defosse Former Director Austin Technology Incubator. REV XXXX. TEXAS. Texas: a US Economic Powerhouse. Texas recently named #1 state to do business in the US

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austin technology incubator

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  1. austin technology incubator New Strategies for the 21st Century Incubator Presented by: Erin Defosse Former Director Austin Technology Incubator REV XXXX

  2. TEXAS

  3. Texas: a US Economic Powerhouse • Texas recently named #1 state to do business in the US • Emerging Technology Fund to drive high tech startups • Texas is the #1 exporting state with $129 billion in exports • Texas is the 8th largest economy in the world • Texas is the #2 state in high tech • High tech sector employs over half a million workers • Generates near 1/3 of all export revenue • Texas has 32% lower tax burden than the US national average • No state income tax

  4. Austin: “Silicon Hills”

  5. Austin is one of the Major Technology Hubs in North America • Austin is the #1 “wired” city in the US (Forrester Research - 2005) • Austin is the #3 wireless city in the US (Intel - 2005) • “Silicon Hills”: home to many headquarters* and design centers of excellence for all major global semiconductor companies • AMD**, Applied Materials, Arm, Cirrus Logic*, Freescale*, IBM, Intel, Marvel, QUALCOMM, Samsung, SigmaTel*, Silicon Labs*, Texas Instruments, etc. • Home to a multitude of major software and hardware companies • Dell Computer*, IBM/Tivoli, Apple, Cisco, Vignette*, BMC, Nokia, Oracle, Sun, Trilogy*, National Instruments*, Motive*, Motorola, etc. • Home to The University of Texas at Austin – one of the largest universities in the United States

  6. Austin Technology Incubator • Founded in 1989 as a program of the IC2 Institute at The University of Texas at Austin • Non-Profit Business Model • 2800 square meter facility • ~ 20 Companies

  7. ATI’s Results to Date • >160 graduate companies • >$750 million in investment capital raised • 4 Initial Public Offerings on NASDAQ • ~25 acquisitions • ~35 independent, profitable companies • >$1.5 billion in annual revenues • >10,000 jobs created by ATI companies

  8. Austin’s Evolution Since 1989 1989 2009 • University and State Government Town • Few technology based startups • Few venture capital sources • Immature support ecosystem • No developed technology clusters • Regionally focused economy • Diversified economy with large tech presence • Technology startups are commonplace • At times received >50% of all venture capital invested in Texas • Well developed support ecosystem • Several developed technology clusters • Increasingly globally focused economy

  9. Austin is now the incubator! The 21st century incubator model must reflect this new reality!

  10. From Incubator to Accelerator and Beyond Value to today’s entrepreneur Market Making Sector Specific Acceleration (clean energy, wireless) Incubator Start-up infrastructure support Time 1989 Example services offered to entrepreneurs Office space Professional services facilitation General capital networks Business advice High-touch coaching & mentoring “Virtual Board” Target capital matchmaking University resources Access to “chokepoint” technologies, key customers

  11. Sector Specific Acceleration: the New Model for ATI • Sector focused accelerators led by industry experts • “High touch” coaching and mentoring • Establish corporate partnerships with global reach • Factor global customer strategy into business plan ATI Clean Tech Life Sciences Wireless IT

  12. Sector Specific Coaching and Mentoring • Structured, not informal • Focused on business strategy, not tactical fundamentals • Industry experienced incubator staff • Advisory Board of industry experts • Board level accountability with companies

  13. Structured Coaching and Mentoring Process Up to 3 years Vet Internally Quarterly Reviews Screen Admit into ATI Set Milestones Review Graduate or Leave ATI Vet Externally Industry Sector Focused Advisory Board ATI representative on Company Board

  14. The Sector FocusedAdvisory Board • Current or retired executives with significant experience in the sector • Business leaders, venture capitalists, technologists • No compensation from incubator • Screen applicants and review company performance • Appoint representative to the Company’s Board

  15. Market Making, the Next Phase of Value from ATI Access to test facilities, key early adopter customer Looking for new clean technologies to further its mandate to offer green choices to customers Entrepreneurs Significant need for test resources, customer pull Novel, targeted technologies/solutions

  16. Conclusion: the Incubator must Evolve to Provide more Value • Incubators in innovation centers like Austin must redefine their value proposition if they are to stay relevant in the marketplace • Develop industry sectors practices • Implement high touch coaching and mentoring • Engage in market making activities to accelerate the success of startups

  17. Contact Information Erin Defosse erin@defosse.org +1 (512) 799-8797

  18. austin technology incubator

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