VCET Today

•  2005  doors  opened  as  classic  incuba2on  program    

•  2007  total  remake  of  programs,  value  proposi2on  and  infrastructure  began  

•  Financial  support  from  US  Senator  Patrick  Leahy,  Vermont  Technology  Council,  Agency  of  Commerce,  UVM  and  Middlebury  College  

•  2.5  Employees,  1-­‐3  EIR’s,  3-­‐4  interns,  100+  mentors/advisers,  scores  of  strategic  partners,  network  effect  of  36+  Client  firms.    Outstanding  Board  of  Directors  

•  Opera2ng  budget  halved,  impact  up  20x  

VCET Today

Mentor  Network    (i.e.  Talent  Cloud,  volunteers)    Incuba0on  Programs    (2  facili2es,  remote  services,  partners  and  hands-­‐on  counseling/assistance)    Seed  Capital  Fund  ($5M  revolving  fund,  May  2010)    Por<olio  Impact  

Entrepreneurs Served

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Next Generation Jobs

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Revenues

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Capital Investment

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How We Innovate

• Institutional paranoia around relevancy to Vermont entrepreneurial ecosystem

• Measure key performance drivers to validate relevancy and reach to entrepreneurs

• Engage with regional and national partners to learn about not just best practices, but superior outcomes

• Solve their problems, not necessarily ours

• 1 principal new initiative a year

Innovation In Practice

Forward Leaning – Highly Relevant – Great Timing

•  Entrepreneurs-In-Residence •  Seed Capital Fund •  Partnerships •  Tech @ Networking Series •  Co-working space •  UVM Start •  What’s Next ?

Connecting Student Entrepreneurs with Alumni Donors

Get Involved!

•  8 Student Teams •  Each raising ~$3,000 •  45 Day Campaigns •  Launching October 18th •  www.uvmstart.org

Challenges Ahead

•  Maintaining high degree of relevance and service levels to Entrepreneurial Ecosystem

•  Scaling the VCET team and services model to meet record market demands

•  Deepening relationships with Colleges and Universities for faculty and student start-ups

•  Securing modest annual funding to replace expired Senator Leahy provided SBA grants

•  Supporting entrepreneurs and their inherent ever dynamic situations