Transcript utenportugal.org

May 2010
Austin Technology Incubator
Accelerating Innovation
The University of Texas at Austin
ATI – A Program of UT Austin’s IC2 Institute
University of Texas
at Austin
Research
IC2 Institute
ATI
IT
Wireless
Clean
Energy
Bioscience
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What We Do
• Help early-stage technology companies access talent,
capital, networks, partners, and customers
• Support and grow the Austin entrepreneurial community
• Train UT students in technology entrepreneurship
and help build businesses based on UT innovation
Positive economic + community impact for Austin
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How We Do It
Work directly
with early stage
companies
Support broader
Austin tech
community
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Strategic coaching and mentoring
Business plan development
Access to UT and community talent
Corporate and professional
partnerships, networks
• Funding proposals and introductions
• Business infrastructure support
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Conferences
Community events
Entrepreneur education
Promote Austin nationally,
internationally
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ATI’s Sweet Spot
70% received
seed funding in
past 2 years
Cash flow
Our key value add:
Surround these
companies with talent
that they otherwise
could not afford to
access
Time
Seed
funding
“A” round
funding and/or
market traction
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ATI’s Historical Impact Since 1989
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~200 companies
~$750 million in capital raised
4 IPOs
~40 acquisitions
>30 independent, profitable companies
thousands of jobs (direct and indirect) created by ATI
companies
• hundreds of UT students trained in technology
entrepreneurship
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Context – 2008/09 Financial Environment
63% decline of VC investment
into Texas companies
IPOs fell off a cliff
Source: National Venture Capital Association and PricewaterhouseCoopers MoneyTree Report and Thomson Reuters
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ATI’s Impact Last Two Years
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40 member companies (11 graduates)
~9 relocation efforts
~$50 million in capital raised (including ETF money)
~$300 million in company exits
~4 acquisitions
260 jobs (direct and indirect) created by ATI companies
Increased cross campus reach (relationships with new colleges,
new student programs)
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Incubation Process at ATI
Vet
Internally
Admit into
ATI
Screen
Set
Milestones
Review
Graduate
from ATI
Vet
Externally
People
Market
Up to 3 years or:
1) When a major funding round is obtained
2) When significant cash from operations are achieved
3) When ATI can no longer add significant value
4) Death
Technology
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ATI – Information Technology
• Launched in 1989 by Laura Kilcrease and Dr. George
Kozmetsky with funding from the City of Austin
• Supported by membership and rental fees by member
companies
Dedicated to helping companies in the enterprise software,
internet infrastructure, semiconductor, and gaming
technology spaces
• Currently 6 member companies in portfolio.
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ATI – Wireless
• Launched in 2006 with funding from City of Austin
• Dedicated to helping companies developing wireless
communications infrastructure, end devices, and
mobile solutions
• Provides resources and facilities necessary for start-ups
to attract funding, aggressively compete in the market and turn
ideas into reality
• Strong relationship with UT’s Wireless Networking and
Communications Group (WNCG)
• Currently 7 member companies in portfolio.
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ATI - Clean Energy Incubator (CEI)
• Launched in 2001 by the U.S Department of Energy
National Renewable Energy Laboratory (NREL)
• Supported by the Texas State Energy Conservation
Office (SECO), City of Austin and Austin Energy
• Dedicated to helping companies succeed with disruptive
clean energy technologies
• Currently 7 member companies in portfolio.
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ATI – Bioscience
• Launched in late 2007 with funding from the City of
Austin. First director brought on in 2008.
• Supported by City of Austin and local sponsors
• Dedicated to helping companies succeed in the medical
device, drug delivery, therapeutics, and health care
industries
•5 member companies in portfolio since inception.
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Community Building
Events
• 35+ events
• 5,600+ attendees
• Support of other tech not-for-profits (e.g., ATC)
Education
• ATI/Rice/CTAN entrepreneurship training classes Fall and Spring
• Coaching and mentoring
Institution building
• Helped create Pecan Street Project, Semantic Web Austin
• “Incubated” Tech Ranch (for-profit incubator)
• Served on boards of 10+ Central Texas economic development and/or
technology organizations
Brand building
• 48 media mentions
• 6+ national conferences
• Supported delegations from 11+ countries
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UT Austin
New programs
• 3 Day Start-up (3DS)
• Student Entrepreneur Acceleration and Launch (SEALs)
• IBM internship program
Support for existing programs
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Business plan and technology competitions (Moot Corp, i2P, MSTC)
Student internships (cross campus)
Class engagement
Student and faculty business building
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ATI Sources of Support
University of Texas at Austin
Membership dues & fees
ATI is financially
supported by a
variety of entities
State of Texas
City of Austin
Austin Energy
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ATI Operations
Member Services
Space Utilization
ATI has a team
of 8 staff +
dozens of interns
Equity Donations
Conferences & Events
University Backend
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Questions
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