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High Tech Rochester Inc.

HTR Overview. Mission: To be a catalyst for entrepreneurship and innovation-based economic development, by applying business expertise

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High Tech Rochester Inc.

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    1. High Tech Rochester Inc.

    2. HTR Overview Mission: To be a catalyst for entrepreneurship and innovation-based economic development, by applying business expertise & network connections to aid in the formation and profitable growth of companies in the Greater Rochester, NY Region. Structure 501c3 non-profit Affiliate of the University of Rochester; Independent Board NYSTAR-designated Regional Technology Development Center (RTDC) and NIST MEP Center

    3. HTR Board of Directors

    4. HTR Partners

    5. HTR Programs and Services

    6. Source technologies, evaluate market potential, connect resources, seek funding, form businesses Collaborate with Excell, UR, RIT, Corporate IP groups (Kodak, Xerox, etc.) Results from past five years: 251 opportunities screened 156 in-depth market opportunity analyses 58 business plans developed $40M raised by client companies $12.7M in SBIR and other grants

    7. Lennox Tech Enterprise Center Opened in 1997 50,000 square feet Rochester BioVenture Center Opened in 2007 42,000 square feet Wet labs and biotech infrastructure

    8. Top line growth and operational improvement Business / market assessments Strategic planning New product development Waste and energy reduction Quality (ISO 9000, etc.) Supply chain development Sustainability programs Financial systems and controls Access to local, state, & federal grants Referrals to network of resources

    9. Pre-Seed Workshop PSW is 2 ½ day community event Rally community talent and resources around academic researchers with patented inventions Create 6 - 8 teams for each workshop Series of structured hands-on sessions Investigate commercial potential of inventions and business case for a pre-seed stage companies Teams leave with a thin commercialization plan Across NYS: 201 Idea teams have participated (1200+ people) 68 companies formed

    10. Business Plan Contest January – April Eligibility: For-profit startups within 9-county Rochester/Finger Lakes region 4 educational workshops Presentation practice Winners announced at Celebration luncheon on April 15th Over $50,000 cash and prizes

    11. The Entrepreneurs Network (TEN) Four-month long class Four different 2-day boot camps: Entrepreneurship (business plan, strategy) “Building Blocks” (leadership, marketing, financial model) Sales Effectiveness Investor Presentation Local and national instructors – Derby Management, Boston Completing Class X right now Class XI begins: May 2011 (only 15-20 slots per class)

    12. Entrepreneurs-in-Residence Connecting experienced entrepreneurs to fledgling new companies HTR EIR program named an industry best-practice by National Business Incubator Association in 2010 Now managing statewide EIR program on behalf of

    13. Additional Resources SBDC SCORE

    14. Thank You!

    15. Formed in 2005 to address the need for early stage funding for local startup companies 30 individual Accredited Investor members Monthly meetings & structured investment process Results to date: 75 companies have presented to RAN for funding 17 investments into 13 different companies $7M invested by RAN members

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