“Building Innovative Companies Through Community Partnership” Presented By: In Conjunction With:
Dec 06, 2014
“Building Innovative Companies Through Community Partnership”
Presented By:
In Conjunction With:
Session Agenda
IntroductionsFrisco – An Innovative CommunityNTEC - The Start-Up CatalystErgonurse – Innovation in Healthcare Turbo Trac – Efficient TransmissionQ & A
1:00 – 2:00pm
Meet Your Speakers
Jim GandyFEDC President
Dave StilesCEO
Allen SwensonCEO
Larry CaltonExecutive Director
Jim GandyPresident
FriscoAn Innovative
Community
INNOTECH DALLAS2nd Annual Conference
May 17, 2012Irving Convention Center
CITY OF FRISCO DEMOGRAPHICS
Distance from Major Airports
25 min.
2000 Population 33,417
Current Population (5/1/12)
126,576
Median Age 34
Current Area70.2 sq. mi
Area Currently Developed
46%
• 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
Magazine 2008
CITY OF FRISCO FAST FACTS
FRISCO ECONOMIC DEVELOPMENT CORP.
• Frisco voters approved a ½ cent sales tax for economic development in 1991
• FEDC was established in 1991 by Frisco City Council
• FEDC mission is to promote the attraction, retention and formation of new business enterprises
• FEDC goals are to:
• Promote business development
• Provide and encourage job creation
• Expand the tax base of the CityStonebriar Centre
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
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
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 Frisco’s competitive advantages• Promotes Frisco as a great place to start and grow a successful company• Is an Award winning program
Return on investment$1 public investment in incubator = $30 in local tax revenue
Business retention84% of graduates stay in community
Increased likelihood of business success87% of incubator graduates stay in business
Source: Business Incubation Works, 1997; 2006 State of the Business Incubation Industry
INCUBATOR IMPACT
In 2005 alone, North American incubators
helped more than 27,000 start-up companies
that provided full-time employment for more than 100,000 workers
and generated annual revenues of more than $17 billion.
From NBIA’s 2006 State of the Business Incubation Industry
Thank You…
James L. Gandy, CEcD, CCIM, President
Frisco Economic Development Corporation
6801 Gaylord Parkway, Suite 400Frisco, Texas 75034
972-292-5150FriscoEDC.com
NTECThe Start-Up
Catalyst
Larry CaltonExecutive Director
NTEC was conceived to function as the third point on the economic development triangle, filling the role of
“business creation” engine for Frisco.
Frisco Style – February 2004
innovation. accelerated.
missionTo assist entrepreneurs with the
challenging task of starting and growing a new technology venture by providing
facilities, business, academic, legal, marketing and financial expertise to
innovate and accelerate market entry.
Accelerate Time To Market
Reduce Capital Required to Get There
innovation. accelerated.
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
what we do
innovation. accelerated.
innovation. accelerated.our team
Tom FranklinSr. Scientific
Advisor
Bob KramerSr. Medical
Advisor
Hubert ZajicekSenior Director
Greg RoachDirector
Larry CaltonExecutive Director
Theresa DennigOffice
Administration
Jill HoerstenMarketing Manager
innovation. accelerated.
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
how we do it
Compressed business development time, milestone attainment and capital efficiency
Deep pool of industry and specialty specific business, medical and scientific advisors
Industry specific expertise in quality, regulatory, product design, manufacturing, and sales
Funding network that includes angel and venture capital investors and other forms of financing
Well defined business acceleration model
State-of-the-art flexible physical infrastructure
the leverage of NTEC
innovation. accelerated.
innovation. accelerated.ntec companies
4 Web SpineBall Semiconductor
Blood AssociatesCarr LLP
CFO AdvisoryChalice Home Health
DxUpCloseEmfinders
ERASEErgoNurse
Heartland CapitalHuman ComputerII-IV Incorporated
Koberg Sports TechLaJolla Digital
MBK ManagementMedstar Surgical
OTSPEB Direct, Inc.Photonis USA
Playbook Mgmt Private Social Network
RWJPTurbo Trac
UTA Zoe Group, Inc.
GENERAL BUILDING OVERVIEW Two story, tech-flex construction 50,000 total square feet 80 offices, 30 cubes and 28 lab seats Two-story lobby with technology displays Lake views with outdoor patio Modern tech-industrial design Ample parking spaces Energy efficient facility 24/7 Cardkey access with video surveillance 24/7 monitored security & fire
OFFICE FEATURES AND AMENITIES Fully furnished and flexible offices and cubes VOIP telecom services and equipment Secure high-speed wireless & wired network Conference rooms w/ projector, LCD TV, and white board Fully equipped work rooms with print stations Shipping/receiving and dedicated USPS mailbox Full kitchen/lunchroom with seating for up to 36 Coffee bars on both floors Fitness Center with showers and full massage chair
innovation. accelerated.
Device LabPrototyping Lab
Bio Lab
Featuring: Chem Hoods
SinksFlex PowerNatural GasSupport AreasMicroscopes
Featuring: Shop Equipment
Prototype RoomCompressed AirSolder stationPower suppliesTesting ovensLarge format printer
Featuring:BSL2 Capable
Bio CabinetsGas StorageClean RoomFlexible WorkBenchesAutoclave
innovation. accelerated.
Approx. 4000sf with integrated GUI for A/V, lighting, shades, satellite TV, and mic (wired/wireless) controls
Variety of room arrangements seating up to 180 people Classroom (can be divided into
two rooms, A &B) Banquet Lecture “U” Shape
Reception area for check-in and basic kitchen for food service
High speed wireless access
Complete manufacturing center from parts receipt and inventory through final product packaging.
Pilot level production Cost effective
cGMP capable 5 unique product lines
Certified clean room Clean assembly area
Gowning room Packaging/receiving area
Roll-up door for deliveries Forklift truck
events and education
innovation. accelerated.
how to reach us
innovation. accelerated.
On the web: www.ntec-inc.org
Email: [email protected]
Phone: 972.987.1402
Address: 6170 Research Rd, Frisco
Social Media:LinkedIn facebook twitter
ErgonurseInnovation In
Healthcare
Dave StilesCEO
ErgoNurse™ The No-Lift Bedside Patient Repositioning Solution
The ErgoNurse™ Solution
The ErgoNurse™ Solution
Nurses have 6X more back and shoulder injuries than construction workers.
Back and shoulder injuries to caregivers cost US Healthcare Providers over $2.5B per year in direct costs.
Medicare has stopped reimbursing hospitals for the treatment of hospital acquired pressure ulcers.
Estimates for the direct cost to hospitals to treat pressure ulcers is over $3B per year.
The ChallengeCost of Injuries and Bed Sores
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 in
2 hour turning schedules High acquisition and training costs for Nurses and
Patient Techs
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
Harris Methodist
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!
The ErgoNurse Solution
The No-Manual-Lifting solution for Health Care Providers
Turbo TracEfficient
Transmission
Allen SwensonCEO
39
Innovation Can’t Stop
withThe Product
Meeting a Market Need
Energy costs to increase 90% in next two decades,
Profitability and survival of many industries threatened,
No current technologies effectively overcome growing challenge,
Turbo Trac’s innovation could overcome the pain,
Path to commercialization also needed business innovation.
40
Path, Progress & Partnerships
Partnerships for Commercialization come in three classifications: Angels, friends and family will get you started - Commercial partners are great resources but
often have different goals - Public/Private partnerships will drive success
when you align your goals with theirs.
41
Our P/P Partners in Success
TMAC – a resource for high quality, low cost resources for product development, engineering and manufacturing design,
UT System – a resource for various project assistance,
Texas Emerging Technology Fund – provided financial resources after angels,
DoD, DOE, DHS, FDA, etc. all provide unique support.
42
Resources Where We Live
Team Texas TX EDC’s have needs and resources,
Turbo Trac reviewed fifty EDCs, Selected and queried 23 EDCs
Frisco EDC – a nexus of needs, Broad professional and skilled employment base, NTEC - A cost effective transition, An attractive living environment, and Financial support to provide jobs and tax base.
43
Innovation – a Business
Innovation goes beyond the product,
Think outside the box,
TETF, TMAC, and especially the Frisco EDC and NTEC have proven to be invaluable resources that have helped drive Turbo Trac towards success.
44
“Building Innovative Companies Through Community Partnership”
Q & APanel
Jim GandyFrisco EDC
Dave StilesErgonurse
Allen Swenson
Turbo Trac
Larry CaltonNTEC
“Building Innovative Companies Through Community Partnership”
Presented By:
Thank You for Coming!