By guest authors Irina Patterson and Candice Arnold I am talking to Dave Knox, one of the co-founders of the Brandery, which is a mentorship-driven 12-week business accelerator based in Cincinnati, Ohio. Founded in 2010, they are part of TechStars Network, have similar format, and offer early stage entrepreneurs $20,000 in financing. They particularly focus
By guest author Irina Patterson and Candice Arnold Irina: What help do you offer in terms of financing? Micah: Before a company is going to go out and raise capital, we want to make sure that the founders have a good sense of their market and, if possible, show revenue. If a business is revenue
By guest author Irina Patterson and Candice Arnold Micah: For the most part, the entrepreneurs who are on our waiting list are looking for physical space. We refer them out to other spaces. We’ll refer to Deb Johnson (Pratt Design Incubator for Sustainable Innovation), or there’s something here called the Coalition of Office Space Providers.
By guest author Irina Patterson and Candice Arnold Irina: At what stage do you usually prefer that businesses apply for incubation? Micah: We like to see them before they’ve closed their Series A round of funding, so anywhere between friends and family [funding] and revenue. Companies can come in with some revenue. But if they’ve closed
By guest author Irina Patterson and Candice Arnold I am talking to Micah Kotch, who serves as director of operations for NYC ACRE at NYU-Poly (the New York City Accelerator for a Clean and Renewable Economy). NYC ACRE is seeded by a four-year, $1.5 million grant from the NYSERDA (New York State Energy Research and Development
By guest authors Irina Patterson and Candice Arnold Terry: How do we reproduce that collaborative environment online in a way that the companies that come through here – almost 1,000 companies came through in the past three months – how do they collaborate without having to come through the facility every day? How do we
By guest authors Irina Patterson and Candice Arnold Terry: If a company is adding value to this ecosystem, we don’t have to charge them cash to be in this space. It’s not formulaic by any stretch of the imagination. It’s a lot more difficult to manage an incubator like this, but it’s a lot more
By guest authors Irina Patterson and Candice Arnold Terry: One of the companies that launched here last week is called Photogram. It is similar to Instagram in the mobile app space, which was very popular. Photogram [which targets new parents] also has been performing just about as well, in terms of getting customers, as Instagram