By guest authors Irina Patterson and Vandana Upadhyay Diane: Once they become an official incubator company, the mentor helps them to develop a first order strategic plan. What are you going to accomplish in the next three to six months? Whom do you need to meet in order to be successful? These are some questions
By guest authors Irina Patterson and Vandana Upadhyay Diane: The other program we have is called the Venture Design program. And this is with the University of Colorado Aerospace Engineering Sciences program. We support a number of graduate hands-on and design projects in the aerospace department, in the hopes that one or more of them
By guest authors Irina Patterson and Vandana Upadhyay Irina: What would be an ideal company that could benefit from your incubation? Diane: It might be one to four people who have just earned what is called an SBIR grant [Small Business Innovation Research]. They may have earned a Phase I SBIR or NASA [National Aeronautics
By guest authors Irina Patterson and Vandana Upadhyay I am talking to Diane Dimeff, who is the executive director of eSpace: The Center for Space Entrepreneurship in Boulder, Colorado. The center’s mission is threefold: 1) to help aerospace entrepreneurs to start new companies, 2) to develops commercial applications from the innovative technologies created within these
By guest authors Irina Patterson and Candice Arnold John: My favorite situation is when I have a founder who is strong in technology, but also has enough business acumen to be the CEO. That is when we have the strongest team, where you’ve got a tech person who’s essentially the CEO/CTO. The first 12 to
By guest authors Irina Patterson and Candice Arnold John: So, Boom Startup Capital 2010, LLC was the exact name of the entity that took in money, and then invested in each of the 10 companies in the inaugural year, 2010. We took in enough money for the investment and a bit more for expenses. That
By guest authors Irina Patterson and Candice Arnold Irina: What are your metrics for success? John: Traction in the form of investment, revenue, profit and exits. We always have the companies report at every meeting (a) validated customers, (b) users, (c) true customers, and (d) revenue.
By guest authors Irina Patterson and Candice Arnold John: So, both years, one team in 2010 and one team in 2011, turned us down after we gave them the invitation. Irina: Why do you think they turned you down?