By guest authors Irina Patterson and Candice Arnold Irina: Where do your revenues come from? Bruce: First of all, we get grants from the university and other folks. We also charge fees to our clients. It’s on a sliding scale. In our first phase, startups pay a modest fee. It increases in Mentored Launch, and then
By guest authors Irina Patterson and Candice Arnold Bruce: Medipacs [one of the incubator’s success stories] is a very low cost, highly reliable infusion pump. The inventor is a man named Mark Banister. Medipacs pumps could be produced at a fraction of the cost of the current pumps available on the market. The pumps could
By guest authors Irina Patterson and Candice Arnold Irina: What is the application process to your incubator? Molly: They have an application that they need to fill out. We sit down and we meet with them, probably a couple of times, and try and sort out what their technologies are, what they’re trying to build