Business Incubator Series: Dave Knox, The Brandery, Cincinnati, Ohio (Part 3)

By guest authors Irina Patterson and Candice Arnold

Dave: When we select our companies, we’re trying to get a feel for who the entrepreneurs themselves are. Are they ones who would benefit from a mentorship-driven network, in terms of being coachable and being open to change?

The final thing is just looking at the team’s – for lack of a better term – hustle, drive, and passion for creating a meaningful company. >>>

Business Incubator Series: Dave Knox, The Brandery, Cincinnati, Ohio (Part 2)

By guest authors Irina Patterson and Candice Arnold

Irina: What are the core benefits that your accelerator provides?

Dave: The Brandery is about accelerating the path of a startup. We’re lucky to have a great network of mentors, ranging from startup founders to venture capitalists to consumer marketing professionals.

Through that mentorship we provide a very deep network of connections for our companies.

The second thing that we provide is a focus on the brands and consumer marketing of the startups. That’s something that most others don’t offer. >>>

Business Incubator Series: Micah Kotch, NYC ACRE At NYU-Poly, New York (Part 3)

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. >>>

Business Incubator Series: Micah Kotch, NYC ACRE At NYU-Poly, New York (Part 2)

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 their A round and they’re already more than 15 people, then they’re probably too late. >>>

Near-shoring And U.S. Policy

Last month, I had breakfast with Scott Case, CEO of Startup America, and we then started working with the organization.

Here is my recent guest column for Startup America. One thought that has come to me frequently is that the U.S. is simply not doing enough to take advantage of the nearshore outsourcing trend that has been developing for natural, organic reasons. >>>

Business Incubator Series: Micah Kotch, NYC ACRE At NYU-Poly, New York (Part 1)

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 Authority).

NYC ACRE was created in partnership with the  New York City Economic Development Corporation, the New York City Investment Fund, Columbia University, Pratt Institute, and NYU.

NYC ACRE is a subset of the NYU-Poly Varick Street Incubator, which Micah also helps to run. >>>

Business Incubator Series: Fred Hoch And Terry Howerton, TechNexus, Chicago, Illinois (Part 7)

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 extend that in way that there’s still value added but through our online tools? >>>

Business Incubator Series: Fred Hoch And Terry Howerton, TechNexus, Chicago, Illinois (Part 6)

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 valuable at the end of the day, to do it this way.

It also depends on the time and the availability. If it makes sense for us to bring somebody in and we’ve got some room and we can afford to take a little bit more risk … Again, our revenue model is not just about the real estate. We don’t have to charge for the real estate.

If we’ve got opportunity or upside in corporate development or equity, then we can afford to be a little more risk-taking on the real estate side of it. >>>