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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 - PowerPoint PPT Presentation

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  • austin technology incubatorNew Strategiesfor the 21st Century Incubator

    Presented by:

    Erin DefosseFormer DirectorAustin Technology IncubatorREV XXXX

  • Texas: a US Economic PowerhouseTexas recently named #1 state to do business in the USEmerging Technology Fund to drive high tech startupsTexas is the #1 exporting state with $129 billion in exportsTexas is the 8th largest economy in the worldTexas is the #2 state in high techHigh tech sector employs over half a million workersGenerates near 1/3 of all export revenueTexas has 32% lower tax burden than the US national averageNo state income tax

  • Austin: Silicon Hills

  • Austin is one of the Major Technology Hubs in North AmericaAustin 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 companiesAMD**, 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 companiesDell 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

  • Austin Technology IncubatorFounded in 1989 as a program of the IC2 Institute at The University of Texas at AustinNon-Profit Business Model2800 square meter facility~ 20 Companies

  • ATIs Results to Date>160 graduate companies>$750 million in investment capital raised4 Initial Public Offerings on NASDAQ~25 acquisitions~35 independent, profitable companies>$1.5 billion in annual revenues>10,000 jobs created by ATI companies

  • Austins Evolution Since 1989University and State Government TownFew technology based startupsFew venture capital sourcesImmature support ecosystemNo developed technology clustersRegionally focused economyDiversified economy with large tech presenceTechnology startups are commonplaceAt times received >50% of all venture capital invested in TexasWell developed support ecosystemSeveral developed technology clustersIncreasingly globally focused economy19892009

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

  • Value to todays entrepreneurIncubatorStart-up infrastructure supportMarket MakingSector Specific Acceleration (clean energy, wireless)Example services offered to entrepreneursOffice spaceProfessional services facilitationGeneral capital networksBusiness advice High-touch coaching & mentoringVirtual BoardTarget capital matchmaking University resourcesAccess to chokepoint technologies, key customersTime1989From Incubator to Accelerator and Beyond

  • Sector Specific Acceleration: the New Model for ATISector focused accelerators led by industry expertsHigh touch coaching and mentoringEstablish corporate partnerships with global reachFactor global customer strategy into business planWirelessCleanTechITLife SciencesATI

  • Sector Specific Coaching and MentoringStructured, not informalFocused on business strategy, not tactical fundamentalsIndustry experienced incubator staffAdvisory Board of industry expertsBoard level accountability with companies

  • Structured Coaching and Mentoring ProcessScreenVetInternallyVetExternallySet MilestonesReviewAdmit into ATIGraduate or Leave ATIIndustry Sector Focused Advisory BoardATI representative on Company BoardUp to 3 yearsQuarterly Reviews

  • The Sector FocusedAdvisory BoardCurrent or retired executives with significant experience in the sectorBusiness leaders, venture capitalists, technologistsNo compensation from incubatorScreen applicants and review company performanceAppoint representative to the Companys Board

  • Market Making, the Next Phase of Value from ATIEntrepreneursSignificant need for test resources, customer pull

    Access to test facilities, key early adopter customerNovel, targeted technologies/solutions

    Looking for new clean technologies to further its mandate to offer green choices to customers

  • Conclusion: the Incubator must Evolve to Provide more ValueIncubators in innovation centers like Austin must redefine their value proposition if they are to stay relevant in the marketplaceDevelop industry sectors practicesImplement high touch coaching and mentoringEngage in market making activities to accelerate the success of startups

  • Contact Information

    Erin Defosseerin@defosse.org+1 (512) 799-8797

  • austin technology incubator

    ***-Avg. of $100M in revenues a year-Concero about to be delisted-Venture capital successes***********

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