Champlain College and Burlington Generator
Innovation and entrepreneurship through academic leadership and community collaboration
January 12, 2016
Key Talking Points
• Background (David Provost)
• Scope (Michael Metz) • Value proposition
• Facility, assumptions (Lars Torres)
• What success looks like
• Budget and timeline • Discussion, next steps
Background
• Early concept – shared facilities, joint fundraising efforts, economies of scale challenges
• College’s focus on positioning and improving relevance of curriculum and focus on the Futures Initiative – “Ensure a culture of innovation that endures beyond any one strategic plan or leader”
• Pine Street corridor – Champlain at the center of City’s master plan for Pine Street creative economy corridor development
Scope
• Independent organization, complementary mission
• Relocation, expansion to 12,050sq/ft Champlain College warehouse - together enliven Sears Lane
• Free membership for Champlain Community
• Academic consortium will bring Champlain College together with UVM, CCV, VTC
6 Toolsets
180 Members
4,992 Volunteer hours contributed
3,392 Hours open to the public
92 Classes taught
12 Startups growing
4 Academic partnerships
Value Proposition
• Enable mentoring and large-scale design and fabrication among students, expert makers
• Foster intercollegiate sharing, collaboration, competition
• Increase entrepreneurial activity, including student-led
• Become the maker college - point of differentiation and recruitment for the College around experiential learning, graduate retention, inter-university collaboration
Value Proposition, cont.
• Enhance consortium competitiveness for grants and philanthropic support for programs, growth
• Add momentum to Pine Street corridor as urban manufacturing center
• Achieve economies of scale necessary for a sustainable maker space business model
• Contribute to BTV Ignite story that Mayor can pitch nationally
Bath 1 Bath 2
Public Entry
Class
Work Area 1
Studios (6)Ad
min
Stud
ios
(8)
Stud
ios
(8)
Kitc
hen
North
CHAMPLAIN COLLEGE, SEARS LANE | Draft Build-out Proposal
Pine Street
Stud
ios
(6)
Wok
Are
a 2
Work/Storage Area 3
Woodworking Shop Hot/Cold Metal Shop
Key Concepts• Welcoming • Transparent • Flexible
• Accessible • Social • Dynamic
• Productive • Accommodating • Engaging
CREATIVITY LEARNING COLLABORATION ENTREPRNEURSHIP
• Quirky • Playful • Safe
Assumptions
• Cost of relocation and building fit up covered by joint Generator and Champlain College mini campaign
• Dedicated staff workstations
• Dedicated, flexible classroom/meeting space
• Dedicated public entry/exhibition space
• 28 studios
• Metal in garage with maintained loading area
• Galley kitchen
• Shared facility/building bathrooms
What success looks like
• Champlain College and Generator collaboration recognized as the nexus of making and maker culture in Vermont and beyond
• Home to a nationally recognized model of academic consortium and local collaboration around learning, innovation and entrepreneurship
• An engine of academic collaboration and independent research and development and innovation
Success, cont.
• An anchor in Vermont’s creative economy, supporting independent creatives and entrepreneurs along the startup pipeline
• Sustainable business model blends academic investment, earned income and multi-stakeholder support – businesses, city/state, and philanthropic entities
• Non-stop creative activity – classes and workshops, projects, public talks – designed to facilitate networking and collaboration to drive new ideas, products and ventures
Preliminary Budget - Fit up and relocation
• Back of the envelope < $500,000K – Professional fees - $50,000 – Move, install, fabricate required walls $35,000 – Studio space fabrication - $10,000 – Classroom fit up - $20,000 – Gig/network - $20,000 – Misc. mechanical/ventilation (with make up air) existing
equipment - $55,000 – Misc. electrical - $20,000 – Misc. plumbing and bathrooms - $50,000 – Contingency - $50,000 – Storage systems - $10,000 – New equipment - $100,000 – Furniture - $30,000
Time LineJanuary, February - MOU for relocation to Sears Lane - No/Go from Champlain leadership – 1/30 - If go, feasibility study complete - 2/28 - Preliminary budget and layout complete March, April - Layout and required building modifications confirmed - Majority of fundraising complete OR - No/Go on fundraising effort May, June - Final budget approval - Engineering required for permitting and code compliance is compete July, August - Fundraising complete - Upgrade infrastructure of warehouse as required for equipment and code August, November - Install any new tools - Community builds complete ie studios, shelves, tables - Key card access system installed December - Complete move from Memorial
Operating BudgetINCOME ANNUAL Earned Income - Membership, classes, sponsorship $349,000 Gifts - Individual donor giving $60,000 Grants - Private, state, federal $75,000
TOTAL $484,000
EXPENSE ANNUAL Personnel - All wages, withholdings etc $290,000 Operations - Maintenance, consumables, supplies $90,000 Administration - Insurance, professional services $30,000 Facility - Utilities, maintenance $60,000 Programming - Events $12,000
TOTAL $482,000
Thank you
Michael Metz Co-founder, Board Member [email protected]
Lars Hasselblad Torres Executive Director [email protected]