Building Innovative Companies Through Community Partnership

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Presented at InnoTech Dallas on May 17, 2012. All rights reserved.

Text of Building Innovative Companies Through Community Partnership

  • 1. Building Innovative Companies ThroughCommunity PartnershipPresented By: In ConjunctionWith:

2. Session Agenda 1:00 2:00pmIntroductionsFrisco An Innovative CommunityNTEC - The Start-Up CatalystErgonurse Innovation in HealthcareTurbo Trac Efficient TransmissionQ & A 3. Meet Your Speakers Larry CaltonJim GandyDave Stiles Allen SwensonExecutive Director FEDC PresidentCEO CEO 4. Jim Gandy President Frisco An InnovativeCommunity 5. INNOTECH DALLAS2nd Annual ConferenceMay 17, 2012 Irving Convention Center 6. CITY OF FRISCO DEMOGRAPHICSDistance from Major25 min.Airports2000 Population 33,417Current Population126,576(5/1/12)Median Age34Current Area70.2 sq. miArea Currently46%Developed 7. CITY OF FRISCO FAST FACTS Population has grown 247% since 2000 One of the Fastest Growing Cities in America,U.S. Census Bureau 2010 Top 10 Best Places to Relocate, Forbes.com 2009 Top 100 Best Places to Live, Money Magazine2008 8. FRISCO ECONOMIC DEVELOPMENT CORP. Frisco voters approved a cent sales tax for economicdevelopment in 1991 FEDC was established in 1991 by Frisco City Council FEDC mission is to promote the attraction, retention andformation of new business enterprises FEDC goals are to: Promote business development Provide and encourage job creation Expand the tax base of the CityStonebriar 9. WHY NTEC? FEDC Strategic Plan Three Goals: 1. Business Attraction- Companies outside of Frisco 2. Business Retention & Expansion- Companies in Frisco 3. Business Formation- North Texas Enterprise Center 10. NTEC THEN and NOW 2003 - Founded by the FEDC in partnership Hall Financial Group 2003 - Began operations in the FEDC office 2005 -Expanded into 12,000 SF in Hall Office Park 2008 - Expanded into new, 2-story, 50,000 SF facility 2009 - Received the Healthcare Heroes Innovator Award from the Dallas Business Journal 2010 - Began actively supporting cleantech ventures 2012 - Is now the largest medical technology accelerator in the Southwest United States 11. HOW DOES NTEC BENEFIT FRISCO? Great economic development backyard gardening Promotes new business formation and job creation Attracts capital that grows young companies Attracts entrepreneurs with creative minds Strengthens Friscos competitive advantages Promotes Frisco as a great place to start andgrow a successful company Is an Award winning program 12. INCUBATOR IMPACTReturn on investment$1 public investment in incubator = $30 in local tax revenueBusiness retention84% of graduates stay in communityIncreased likelihood of business success 87% of incubator graduates stay in businessSource: Business Incubation Works, 1997; 2006 State of the Business Incubation IndustryIn 2005 alone, North American incubatorshelped more than 27,000 start-up companiesthat provided full-time employment for more than 100,000 workersand generated annual revenues of more than $17 billion.From NBIAs 2006 State of the Business Incubation Industry 13. Thank YouJames L. Gandy, CEcD, CCIM, PresidentFrisco Economic DevelopmentCorporation 6801 Gaylord Parkway, Suite 400 Frisco, Texas 75034972-292-5150FriscoEDC.com 14. Larry CaltonExecutive DirectorNTEC The Start-Up Catalyst 15. innovation. accelerated.NTEC was conceived to function as the third point onthe economic development triangle, filling the role ofbusiness creation engine for Frisco. Frisco Style February 2004 16. innovation. accelerated. missionTo assist entrepreneurs with thechallenging task of starting and growinga new technology venture by providing facilities, business, academic, legal, mark eting and financial expertise to innovate and accelerate market entry.Accelerate Time To MarketReduce Capital Required to Get There 17. innovation. accelerated. what we do Identify unique tech commercialization and business acceleration opportunities Help build significant, sustainable technology businesses Stimulate angel and venture investment Support economic development Champion regional tech leadership Provide entrepreneurial education and networking Facilitate partnering and collaboration 18. innovation. accelerated.our team Larry Calton Theresa Dennig Jill Hoersten Tom FranklinExecutive DirectorOfficeMarketingSr. Scientific Administration Manager Advisor Bob KramerGreg RoachHubert Zajicek Sr. MedicalDirectorSenior Director Advisor 19. innovation. accelerated.how we do it Office/Cube Space and Furniture Flexible Laboratories Shared Equipment Business Acceleration Program Education Conference Center Product Development Center Partnership Programs Venture Alliance West Coast Pitch Days 20. innovation. accelerated.the leverage of NTEC Compressed business developmenttime, milestone attainment and capital efficiency Deep pool of industry and specialty specificbusiness, medical and scientific advisors Industry specific expertise inquality, regulatory, productdesign, manufacturing, and sales Funding network that includes angel and venturecapital investors and other forms of financing Well defined business acceleration model State-of-the-art flexible physical infrastructure 21. innovation. accelerated.ntec companies 4 Web Spine Koberg Sports TechBall Semiconductor LaJolla DigitalBlood AssociatesMBK Management Carr LLPMedstar SurgicalCFO AdvisoryOTS Chalice Home HealthPEB Direct, Inc.DxUpClosePhotonis USAEmfinders Playbook MgmtERASE Private Social NetworkErgoNurseRWJP Heartland Capital Turbo Trac Human Computer UTA II-IV Incorporated Zoe Group, Inc. 22. innovation. accelerated.GENERAL BUILDING OVERVIEW Two story, tech-flex construction 50,000 total square feet 80 offices, 30 cubes and 28 lab seatsOFFICE FEATURES AND AMENITIES Two-story lobby with technology displays Fully furnished and flexible offices and cubes Lake views with outdoor patio VOIP telecom services and equipment Modern tech-industrial design Secure high-speed wireless & wired network Ample parking spaces Conference rooms w/ projector, LCD TV, and white board Energy efficient facility Fully equipped work rooms with print stations 24/7 Cardkey access with video surveillance Shipping/receiving and dedicated USPS mailbox 24/7 monitored security & fire Full kitchen/lunchroom with seating for up to 36 Coffee bars on both floors Fitness Center with showers and full massage chair 23. innovation. accelerated.Prototyping Device Lab Bio LabLabFeaturin FeaturinFeaturing: Shop Equipment g: Chem Hoodsg: BSL2 CapablePrototype Room SinksBio CabinetsCompressed Air Flex Power Gas StorageSolder station Natural GasClean RoomPower supplies Support AreasFlexible WorkTesting ovensMicroscopesBenchesLarge format printer Autoclave 24. Approx. 4000sf with integrated GUIfor A/V, lighting, shades, satellite TV,and mic (wired/wireless) controls Variety of room arrangementsseating up to 180 people Classroom (can be divided into two rooms, A &B) Banquet Lecture U Shape Reception area for check-in andbasic kitchen for food service High speed wireless access 25. Complete manufacturing center from parts receipt andinventory through final product packaging.Pilot level production Cost effectivecGMP capable 5 unique product linesCertified clean roomClean assembly area Gowning room Packaging/receiving areaRoll-up door for deliveriesForklift truck 26. innovation. accelerated.events and education 27. innovation. accelerated.how to reach usOn the web: www.ntec-inc.orgEmail: info@ntec-inc.orgPhone: 972.987.1402Address: 6170 Research Rd, FriscoSocial Media:LinkedIn facebook twitter 28. Dave Stiles CEOErgonurseInnovation In Healthcare 29. ErgoNurse The No-Lift Bedside PatientRepositioning Solution 30. The ErgoNurse Solution 31. The ErgoNurse Solution 32. The ChallengeCost of Injuries and Bed Sores Nurses have 6X more back and shoulder injuriesthan construction workers. Back and shoulder injuries to caregivers cost USHealthcare Providers over $2.5B per year in directcosts. Medicare has stopped reimbursing hospitals for thetreatment of hospital acquired pressure ulcers. Estimates for the direct cost to hospitals to treatpressure ulcers is over $3B per year. 33. Hospital Issues High cost of caregiver injuries The human cost of pain and suffering for employees Loss of reimbursement for treatment of pressure sores Increasing staff injuries due to increased emphasis in2 hour turning schedules High acquisition and training costs for Nurses andPatient Techs 34. ErgoNurse Benefits The ErgoNurse Lift is a true No Lift solution Pulls patients up in bed Turns patients to avoid pressure ulcers Elevates patients off the bed for No-Lift: Linen changes Placement of slings or transfer mats/sheets Turns patients fully to their side for No-Lift: Cleaning, wound care and skin assessments Log-roll linen changes Placement of slings or transfer mats/sheets 35. Harris Methodist 36. ErgoNurse Competitive Advantages Uses sheets, not slings Requires only 1 caregiver The only No Lift option Mobile without storage issues 550lb weight capacity Low maintenance Sheets Tested to 1500 lbs! 37. The ErgoNurse Solution The No-Manual-Lifting solution for Health Care Providers 38. Allen Swenson CEO Turbo TracEfficientTransmission 39. Innovation Cant StopwithThe Product39 40. Meeting a Market Need Energy costs to increase 90% in next twodecades, Profitability and survival of many industriesthreatened, No current technologies effectively overcomegrowing challenge, Turbo Tracs innovation could overcome thepain, Path to commercialization also needed businessinnovation. 40 41. Path, Progress & Partnerships Partnerships for Commercialization come inthree classifications: Angels, friends and family will get you started - Commercial partners are great resources butoften have different goals - Public/Private partnerships will drive successwhen you align your goals with theirs.41 42. Our P/P Partners in Success TMAC a resource for high quality, low costresources for product development,engineering and manufacturing design, UT System