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
By guest authors Irina Patterson and Candice Arnold Terry: ITA, the Clean Energy Trust and almost 75 other organizations meet at Tech Nexus every month –roundtables for entrepreneurs, legal discussions and also a huge number of user groups, special interest groups, things like the Amazon Web services group, the Lean Startup group or the Adobe
By guest authors Irina Patterson and Candice Arnold Irina: Can you think of anything else that makes your incubator unique? Terry: One is the community collaboration aspect. The other one is the fact that we are not focused just on a certain type or certain size of company or certain type of entrepreneur. It’s important
By guest authors Irina Patterson and Candice Arnold Irina: Is there an ideal company that would benefit from your incubation? Fred: It’s an ideal mindset. It’s a company that’s open to the idea, it’s collaboration, it’s community. There are benefits of working with not only the people who are here in the space itself, which
By guest authors Irina Patterson and Candice Arnold I am talking to the co-founders and managing partners of TechNexus Fred Hoch and Terry Howerton. TechNexus was originally developed by private investment and community support in Chicago in partnership with the Illinois Technology Association (ITA) to serve as a “clubhouse” for the local tech community, and
By guest authors Irina Patterson and Vandana Upadhyay Irina: Do you take equity in the companies that you incubate? Diane: We do. Because we are nonprofit we can’t technically enter into financial contracts with our companies. But we can enter into what’s called a pledge agreement. We’d talk to them, and the template for us
By guest authors Irina Patterson and Vandana Upadhyay Irina: Would you give us more details on your three programs? Diane: Yes. The first program is the eSpace incubator, which we have talked about quite a bit. The second program is called the Straight to Space (S2S). In this program, we provide entrepreneurial aerospace companies both in