sp1 september 24 2012 city council presentation 9.24.12
DESCRIPTION
The Incubator presentationTRANSCRIPT
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Economic Development is City Council Priority
• #1 Priority for 2012
• Council goal for 2013
• Economic Development Plan adopted May 2012– 1. Retain, expand, and attract businesses, emphasizing Innovation; – 2. Nurture Entrepreneurship in Evanston; – 3. Create jobs and Workforce Training – 4. Promote Evanston, locally, regionally, and nationally, as an innovative and progressive place by
reinforcing the strengths of our diverse residential, educational, cultural, and business communities.
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TIC is an Economic Development Partner
• 501c3 non-profit corporation
• A community of entrepreneurs bringing innovation to market
• Supports the growth of very early stage technology-based businesses.
• An entrepreneurial business environment that fosters collaboration and sharing among young companies, while respecting the independence and self-reliance that motivates entrepreneurs.
• A community with a culture that supports risk taking, invention and the creation of wealth.
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TIC Helps Companies Launch to Growth Stages
TIC offers a number of services including– Business Planning– Business Mentoring– Legal Clinics– Seminars– Networking Events– Access to Northwestern University faculty and student interns– TIC offers short-term leases and flexible space options– Infrastructure (e.g. digital telephone, broadband)– Amenities include conference areas, reception, mail and
kitchen facilities
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TIC Has Long History of Launching Successful Companies
• The TIC has served over 350 technology startups since its founding
• Approximately 25 firms have expanded in Evanston upon graduating employing nearly 500 people.
• While some are well known, including Peapod and Illinois Superconductor (ISCO), others are growing rapidly and attracting attention, including Leapfrog Online, Aginity, and Vibes Media.
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TIC’s Success Has Been Recognized Internationally
• Forbes.com named TIC one of the “Ten Technology Incubators Changing the World” in 2010.
• TIC was named “Business Incubator of the Year” in 1997 by the National Business Incubation Association.
• TIC partnered with the Japan External Trade Organization (JETRO) for 10 years.
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TIC Creates Jobs and Supports Local Businesses
2012 Survey of Incubator Companies
Total
CompaniesTotal
Responses
Total square
feetEmployees - Full Time
Alumni Companies in Evanston 28 16 106,600 492
Current Incubator Companies 34 27 25,165 94
Totals 62 43 131,765 586
• TIC companies use local accountants, bankers, lawyers, consultants, etc.
• TIC entrepreneurs shop and eat in Downtown Evanston
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TIC Planned Improvements for 2013
1. Marketing consultant hired to improve public relations, image, expand social media presence
2. Corporate Board Expansion
3. Launching an Investment Fund – Evanston Business Investment Corporation (EBIC III)
4. Expanded Evanston Maker Faire 2013
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Seminars for Local Entrepreneurial Community
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Seminars for Local Entrepreneurial Community
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Seminars for Local Entrepreneurial Community
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International Ceramics Conference Panel
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Business Plan Competition
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Visiting Educational Tour Groups - Japan
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International Visit - JETRO
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International Visit - Africa
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Educational Tours
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Educational Tours
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Maker Faire
• 3D Printing
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Maker Faire
• Chicago Children Museum exhibit
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