If an airplane clears the trees on takeoff, it usually finds itself on course.
The Incubate stage is not about forming your company. It’s about clearing the trees. HTR offers a number of services that help you reach your destination.
Business incubation transforms fledgling start-up companies into real, operating businesses that move forward on their business plans and increase their chances of commercial success.
Business incubation at High Tech Rochester occurs at its Lennox Tech Enterprise Center and at its Rochester BioVenture Center. If accepted into the HTR incubator program, start-up clients can lease office and lab space at these locations, where they also receive expert mentoring and guidance, taking advantage of what we like to describe as our “100 years of experience and golden Rolodex of contacts and resources.”
In addition, companies with offices out in the community take advantage of HTR’s award-winning services as entrepreneur Affiliates.
HTR works with and supports individual entrepreneurs and start-up teams that are not currently tenants in an HTR-managed business incubation center.
We provide these entrepreneurs and start-up teams (known here as Affiliates) with access to our key business incubation resources and key support services for preparation, planning and business development during the initial evolution of a new venture.
For example, entrepreneurs and new venture start-ups may take advantage of a corporate mailing address to project a professional image, access conference rooms and short-term workspace, and connect to technical and business research resources. Plus, Affiliates have access to advisory services from HTR staff members and HTR Entrepreneurs-In-Residence.
Affiliates have access to HTR client-only events and significant discounts on one of the best entrepreneurial training programs in the state.
Interested in becoming an Entrepreneur Affiliate? Download our brief application form, fill it out and send it in. We’ll be back in touch with you.
HTR Entrepreneur-in-Residence Program
Your HTR Entrepreneur-in-Residence (EIR)—the mentor/coach/advisor who will help guide your start-up to success—has experience at the executive level and a track record of success. Not only will your EIR help you address your immediate challenges, such as market sizing, deal negotiation and capital readiness, he or she can tap into their own networks and contacts for additional resources, expertise and opportunity.
Where are these EIRs? They’re found throughout our community, and HTR can tap the ones that best meet the needs of your company and the issues it faces.
Rochester Regional Business Plan Contest
This annual collaborative community event encourages entrepreneurship and fosters new businesses in the Rochester area. Start-ups in the Rochester area compete for significant cash prizes and professional services valued at $50,000 via the development and presentation of their products and services AND the business plans that accompany them.
After a series of preliminary presentations, the field of entrants is trimmed to five finalists who make their final presentations in front of an independent panel of distinguished entrepreneurs and investors.
The winners are announced at the Celebration of Entrepreneurship Luncheon held annually in April. The luncheon also highlights and recognizes other community entrepreneurial successes.
NYSERDA Entrepreneur-in-Residence Program
The New York State Energy Research and Development Authority (NYSERDA) recognizes a need for executive-level mentoring and management advice for start-up, seed and early-stage clean energy companies in New York State to help them gain viability, grow their business, and create revenue and jobs.
As managed by HTR, the NYSERDA Entrepreneur-In-Residence programs are an effective means to provide a broad range of high-level advice and assistance to early-stage companies to enable their growth, drawing on a panel of more than 50 NYSERDA entrepreneurs in residence. Eligible for this statewide service are companies that receive NYSERDA funding and participate in other NYSERDA programs.
The outcome of these engagements will be demonstrated progress in achieving milestones that ultimately will lead to revenue and job growth.
To learn more, contact:
Venture Development Manager
Small Business Innovative Research and Small Business Technology Transfer grants can provide grant funding of more than $1 million to small businesses developing innovative technologies with potential for commercialization in private and government-sector markets.
HTR focuses its efforts on helping regional firms submit grant proposals—proposals that will direct a larger portion of the SBIR/STTR funds to the Finger Lakes Region.
Winning an SBIR/STTR grant serves as a key indicator for venture capital sources, as well as strategic partners, affirming the validity of the technology, the need for the product or solution you developed, and the company’s attractiveness as an investment target.
Grant Alert Service
This unique service from HTR provides subscribers with a combination of customized grant information, grant writing tips and strategies, and listings of SBIR/STTR and other grants from state and local governments and foundations (Empire State Development, NYS Department of Labor, NYSERDA, city and county development organizations).
Customized content is collected by an HTR researcher who sifts through the myriad grant opportunities and presents the subscriber with grant solicitations that best fit the subscriber’s business and technology interests. Information about the grants includes details about the offering organization, solicitation title and abstract, funding amounts, eligibility criteria, contact information and deadlines.
This customized service saves each subscriber untold hours of time every month, and the regular monthly e-alerts will have constancy of purpose for those who have always intended to keep abreast of grant opportunities.
To learn more, contact:
Program Manager, Technology Commercialization
Capital Readiness is a review process that provides entrepreneurs with the best foundation, support and guidance when preparing to raise capital to grow their businesses. To help a newer company effectively raise capital, HTR works to identify the right source and scope of funding needed, assists management in developing a clear message that will appeal to the right investors, introduces the company to capital sources, assists in reviewing proposals from investors and helps negotiate the deal.
With its relationships with venture capitalists and angel investors (for example, HTR provides administrative services for the Rochester Angel Network), HTR is in a prime position to direct an entrepreneur and/or start-up company to funding sources that present the best chances for success.
Just as smart baseball players take batting practice before facing big-time major league pitchers, smart entrepreneurs make a few practice presentations before facing big-time major league investors.
Sign up for a 90-minute time slot and specify if you want to have a formal or informal presentation style. A formal presentation style would mimic a presentation to potential investors; an informal presentation would be for a more casual, relaxed atmosphere.
The panel of coaches will typically include HTR’s managing director of new ventures, technology commercialization managers, and other experienced staffers and consultants.
HTR offers these sessions to help you practice your investment presentation and, more importantly, to get the feedback that you rarely get when presenting to investors. After you incorporate our feedback, you can sign up for another Batting Cage session.
The Batting Cage is appropriate for any technology-focused entrepreneur or start-up.