1 / 23

An Introduction to Support for High-Tech Entrepreneurs in Central New York

An Introduction to Support for High-Tech Entrepreneurs in Central New York. Robert I. Trachtenberg Peter R. Golia, Ph.D. mail@tdo.org Central New York Technology Development Organization. J2K Jobs 2000.

damita
Download Presentation

An Introduction to Support for High-Tech Entrepreneurs in Central New York

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. An Introduction to Support forHigh-Tech Entrepreneurs inCentral New York Robert I. TrachtenbergPeter R. Golia, Ph.D. mail@tdo.org Central New York Technology Development Organization

  2. J2KJobs 2000 $522 Million for Jobs 2000Economic Development Plan to Boost High-Tech Business GrowthAcross New York State Created a new executive level agency, the New York Office of Science, Technology and Academic Research

  3. NY Office of Science, Technology & Academic Research (NYSTAR) • Absorbs science and technology programs from Dept. of Economic Development (ESD) and economic development programs from SUNY • $156.5 million for High-Tech Academic Research • $280 million in venture capital funds to invest in emerging businesses and to spur high-tech business growth • $34 million to retrain employees to operate high-tech equipment • $51.5 million for infrastructure improvements to supply water to accommodate business growth

  4. NY State Science & Technology Foundation (NYSSTF) was dissolved 2/1/2000 in favor of NYSTAR • Public Foundation staffed through Empire State Development • Mission to create the means for • industry to access leading-edge technologies • manufacturing companies to receive technical assistance • new ideas to become new companies • small companies to grow • Programs are performance based • Funds are matched by non-state money

  5. NYSSTF Programs • Technology Development Organizations (TDOs) – transferred to NYSTAR • Centers of Advanced Technology(CATs) – transferred to NYSTAR • New York Mfg. Extension Partnership (NYMEP) – transferred to NYSTAR • Small Business Technology Investment Fund (SBTIF) – retained by ESD? • QuickView (benchmarking & assessment tool) – transferred to CNYTDO

  6. Technology Development Organizations (TDOs) • New York State legislated • Private, not-for-profit corporations • 10 TDO regions across the state • Regional focus emphasized • Low-cost fee structure

  7. TDO Regions • Western New York • Finger Lakes • Southern Tier • Central New York • North Country • Mohawk Valley • Capital Region • Mid Hudson • New York City • Long Island

  8. Central New York TDO • Exclusive center of the US Department of Commerce’s Manufacturing Extension Partnership (MEP) • Regional center for NY State’s Technology Development Organization program • Provide assistance in support of the federal Small Business Innovation Research (SBIR) program • Delivers ExportNY along with Niagara Mohawk and Syracuse University’s School of Management

  9. Manufacturing Extension Partnership (MEP) • Federal/State program to assist small/medium manufacturers (SMEs) • Delivered by TDO locally • Direct assistance or referrals to consultants • Liaison with experts across the world • Seminars & speakers • Access to latest manufacturing technology

  10. Entrepreneurial & Business Assistance • Business plan development • Review of business plans and models • Review of technology, products & markets • Intellectual property information • Assistance with regulatory information • Peer reviews • Incubator referrals • Assistance with capital formation plans

  11. Financing & Venture Capital • Assistance in understanding various financing options • Referrals to state & federal programs • e.g. SBA, ESDC, SBTIF • Introductions to local loan programs • e.g. Chamber of Commerce, COMCO • Introductions to venture capital funds • e.g. Exponential, Onondaga • Also, referrals to banks, angels, company investors…

  12. Centers for Advanced Technology (CATS) • CATs are partnerships among universities, private industry, and New York State • Created to leverage universities in pursuit of substantial increases in revenue, sales, and employment for NYS companies • Industry-university collaboration leads to business growth through • new start-up companies • new product introductions • attraction of new capital

  13. NY State CATs • Alfred Ceramics Technology • CUNY Ultrafast Photonic Materials • Clarkson Advanced Materials Processing • Columbia HPCC in Health Care • Cornell Biotechnology • NYU Digital Multimedia • Polytechnic Telecommunications

  14. CATs continued • Rensselaer Automation & Robotics • Albany Thin Films & Coatings • Binghamton Integrated Electronics • Stony Brook Medical Biotechnology • Syracuse Computer Applications & Software Engineering (CASE) • Rochester Electronic Imaging Systems

  15. Federal Lab Consortium • 700 Labs & 1200 additional facilities • Tech transfer a priority • Wealth of technologies, facilities and expertise available • Exclusive or non-exclusive licenses • Consultation with experts • Cooperative research projects • Use of unique laboratory facilities

  16. Federal SBIR Program • Small Business Innovation Research Program • 10 participating federal agencies • $5 billion awarded through 35,000 grants • approx. 4,800 per year • Phase I $100,000 & six months max. • evaluate scientific & technical merit • Phase II $750,000 & two years max. • development effort • Phase III $200,000 over two years min. • privately funded commercialization

  17. Small Business Technology Investment Fund (SBTIF) • NY State seed & growth capital fund, match required • Seed Stage Companies eligible for $25,000-$75,000 • no commercial revenues • need capital to prove a concept • First Stage Companies eligible for $50,000-$250,000 • annual sales of up to $2 million • have a product or a working prototype • need funding for full-scale manufacturing and sales. • Second Stage Companies eligible for up to $500,000 • annual sales of up to $20 million • need to expand production and product shipping • or are commercializing defense-related technologies to introduce a new product or service

  18. Technology Business Advisory Group (TBAG) • Mission to • encourage, counsel, and assist technical entrepreneurs to develop successful businesses • expand the support system for high tech start-ups in CNY • strengthen the technology development and transfer process • Volunteers • Business people with • experience in high technology development • a keen interest in new ideas and private business ventures • a professional commitment to regional economic growth

  19. eCommerce • TDO EDI/EC Partners • ECRC - Johnstown, PA • seminars • training sessions • technical assistance • NIST/MEP • standards • technical Assistance • Chamber i-Commerce • Onondaga Public Library

  20. Other Sources of Assistance • Cayuga County Economic Development Council • City of Oswego Community Development Office • City of Syracuse Development Office • Cortland County Business Development Corp. • Greater Syracuse Chamber of Commerce • Madison County Industrial Development Agency

  21. Other Sources continued • Metropolitan Development Association (MDA) • Manufactures Assoc. of Central New York (MACNY) • New York Business Development Corporation • Onondaga County Industrial Development Agency • Operation Oswego County, Inc. • U.S. Small Business Administration • Urban Business Opportunity Center

  22. Internet resources • Chamber ( http://www.cny.com) • City ( http://www.syracuse.ny.us) • Empire State Development ( http://www.empire.state.ny.us) • NYSERNet ( http://www.nysernet.org) • SBA Online ( http://www.sbaonline.gov) • NTTC (iridium.nttc.edu) • NIST ( http://www.nist.gov) • Fedworld (http://www.fedworld/gov)

  23. Additional Information • www.tdosolutions.com The Central New York Technology Development Organization (TDO) is affiliated with the New York Manufacturing Extension Partnership (MEP), a cooperative program of the New York Office of Science, Technology & Academic Research (NYSTAR) and the National Institute of Standards and Technology (NIST).

More Related