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Start-Ups while Keeping the RIT “Day Job”

Start-Ups while Keeping the RIT “Day Job”. Mick Stadler Executive Director RIT-High Tech Incubator March 30 and 31 2005. High Tech Incubator (HTI). HTI is a separate not-for-profit corporation owned by RIT Located at 125 Tech Park Drive 7 Faculty/Alumni Companies and 3 Student Companies

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Start-Ups while Keeping the RIT “Day Job”

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  1. Start-Ups while Keeping the RIT “Day Job” Mick Stadler Executive Director RIT-High Tech Incubator March 30 and 31 2005

  2. High Tech Incubator (HTI) • HTI is a separate not-for-profit corporation owned by RIT • Located at 125 Tech Park Drive • 7 Faculty/Alumni Companies and 3 Student Companies • “Student Business Development Lab” • “Innovation & Entrepreneur Center” (Fall 2005) • “Pre-Seed Investment Fund” (Fall 2005)

  3. Start-Up vs. Licensing • Clearly “ID” Problem • A Solution to Problem • “ID” Customers willing/able to Pay • Solution Scalable into Business (not just a Product) • High Pain Threshold

  4. Start-Up Issues • Conflict of Interests • Conflict of Commitment • Available Financial Resources • Market Opportunity • Management • Technology/Product Development

  5. Financial Resources • Background: 1. Who Invests in Early Stage Deals? 2. Financing Life Cycle 3. VC -- Market Segmentation

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