Launching & Growing A Successful University Based Incubator - - - PowerPoint PPT Presentation

Launching & Growing A Successful University Based Incubator - RVIC

Research Valley Innovation Center May 2010

Agenda

• RVIC Intro
• Our Service Model
• Our ETF Efforts
• Our Entrepreneurial Ecosystem
• Research Valley International Gateway
• Aggie Angel Network

Agenda

• RVIC Intro
• Our Service Model
• Our ETF Efforts
• Our Entrepreneurial Ecosystem
• Research Valley International Gateway
• Aggie Angel Network

Research Valley Innovation Center

• Located in Bryan & College Station,

Texas and formed 2 ½ years ago

• Science & Technology Business

Incubator/Accelerator

• RVIC is funded by the Research Valley

Partnership, Inc., a consortium of: Texas A&M University System, Cities

• f Bryan and College Station, Brazos

County

• RVIC Mission: To create an

innovation ecosystem that fosters economic development in the Research Valley

Agenda

• RVIC Intro
• Our Service Model
• Our ETF Efforts
• Our Entrepreneurial Ecosystem
• Research Valley International Gateway
• Aggie Angel Network

Agenda

• RVIC Intro
• Our Service Model
• Our ETF Efforts
• Our Entrepreneurial Ecosystem
• Research Valley International Gateway
• Aggie Angel Network

RVIC’s Service Model

• 1. Align Promising Market

Opportunities, Technologies & Business Models

• 2. Build Management Team
• 3. Find Right Kind & Right

Amount of Money

• 4. “Rules, Tools & Schools”

& Inexpensive Rental Space

Find Money Infrastructure Find People Advise Clients

RVIC’s Service Model

• Market Analysis &

Opportunity Assessment

• Business Strategy

Consulting

• Intellectual Property

Protection and Monetization Strategies

• Business Plan Writing

Find Money Infrastructure Find People Advise Clients

RVIC’s Service Model

• Management Team

Coaching

• Provide Mentors,

EIRs and Interns

• “Rolodex” of Ready

Executives

• “CEOs Wanted”

Campaign

Find Money Infrastructure Find People Advise Clients

RVIC’s Service Model

• Bootstrap Coaching
• ETF Application

Coaching & Support

• SBIR Assistance
• Intros to VCs, Angels

& Private Equity Groups

• Aggie Angel Network

Find Money Infrastructure Find People Advise Clients

RVIC’s Service Model

• Office Space Leasing &

Hoteling

• Wet Lab Leasing &

Hoteling

• Online Project

Management System

• Books, Papers, Software

Templates

• Online Market Research

Find Money Infrastructure Find People Advise Clients

RVIC Service Terms & Fees

• The RVIC establishes a client-consultant relationship

through a seven-year Professional Services contract

• The RVIC charges a modest quarterly fee for services,

and has a success fee for fundraising and the overall success of the venture

• The client can cancel the contract anytime within the

seven year period, but the success fee clauses remain in effect for the full term of the contract (i.e. seven years)

• The RVIC does not seek equity or a board seat from our

clients

RVIC Service Terms & Fees

• Real estate is not included in our professional services

agreement, and is addressed via separate lease agreement(s)

• The local city and county governments subsidize a

portion of the professional services fees for local companies, so the RVIC professional service rate varies from $25/hour (for local clients) to $50/hour (for non- local clients)

RVIC Service Terms & Fees

• The success fee for fundraising is 2% of the gross

amount raised

• The success fee for the overall venture is 1% of the gross

acquisition amount, or ...

• … 1% of gross revenues in years five, six and seven

Agenda

• RVIC Intro
• Our Service Model
• Our ETF Efforts
• Our Entrepreneurial Ecosystem
• Research Valley International Gateway
• Aggie Angel Network

Agenda

• RVIC Intro
• Our Service Model
• Our ETF Efforts
• Our Entrepreneurial Ecosystem
• Research Valley International Gateway
• Aggie Angel Network

Texas Emerging Technology Fund Overview