Business Incubator Series: Tim Lavengood, Technology Innovation Center – Evanston, Illinois (Part 3)

By guest authors Irina Patterson and Praveen Karoshi Irina: So, is it OK to come to your incubator just with an idea? Tim: If it’s an idea and a dedication that this is going to be the dedication of a life for a while, then, yes. As I said, these people are going full time.

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Business Incubator Series: Stephen Fleming, Enterprise Innovation Institute, Georgia Tech – Atlanta (Part 6)

By guest authors Irina Patterson and Candice Arnold Stephen: One of the larger donors to Georgia Tech Edison Fund is the Charles Edison Fund. That is the fund that was set up by the son of Thomas Edison. They allow us to use the Thomas Edison name.

Business Incubator Series: Tim Lavengood, Technology Innovation Center – Evanston, Illinois (Part 2)

By guest authors Irina Patterson and Praveen Karoshi Tim: So, the fourth thing we have is this peer group where companies get to learn from each other and from us. Over the 26 years we have been around, we have had more than 350 clients. We have just in Evanston, which is a small suburb

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Business Incubator Series: Stephen Fleming, Enterprise Innovation Institute, Georgia Tech – Atlanta (Part 5)

By guest authors Irina Patterson and Candice Arnold Irina: On average, how long does a company stay in your incubator? Stephen: It’s all over the map. The life science companies take longer. We actually don’t have a time horizon in mind for our life science companies. They’re so dependent on the underlying science and the

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Business Incubator Series: Tim Lavengood, Technology Innovation Center – Evanston, Illinois (Part 1)

By guest authors Irina Patterson and Praveen Karoshi I am talking to Tim Lavengood, executive director of the Technology Innovation Center (TIC), which is a not-for-profit business incubator dedicated to supporting the growth of very early stage tech companies. Founded in 1986, the incubator is based in Evanston, Illinois.

Business Incubator Series: Stephen Fleming, Enterprise Innovation Institute, Georgia Tech – Atlanta (Part 4)

By guest authors Irina Patterson and Candice Arnold Stephen: As far as technology, we have a database that works internally. For our needs, it’s great. It’s basically a CRM [customer relationship management] system that we developed internally. All our employees get full access to it. The mentors get limited access. The entrepreneurs get even more

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Business Incubator Series: Stephen Fleming, Enterprise Innovation Institute, Georgia Tech – Atlanta (Part 3)

By guest authors Irina Patterson and Candice Arnold Irina: Where do your applicants usually come from? Stephen: We do get pretty good coverage of the entrepreneurial opportunities coming out of Georgia Tech. That’s both the spin-out companies, which are based on intellectual property owned by Georgia Tech, and the startups being started by students, those

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Business Incubator Series: Stephen Fleming, Enterprise Innovation Institute, Georgia Tech – Atlanta (Part 2)

By guest authors Irina Patterson and Candice Arnold Irina: How many companies have been incubated in the past 12 months? Stephen: Right now, it’s about 400. When we are talking about 400, you have to understand that in the new [approach] model, the companies don’t have to be resident in my bricks-and-mortar [incubator]. I’ve got

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