We learned early on in the development of our business incubator that our story would best be told by those businesses in the program. More than the services we provide or the facility that we built, the true measure of success would come from the milestones attained by CEI clients. It would prove that the combination of their unique innovations and hard work - and ultimately our ability to support and develop viable businesses for Phoenix - made a difference. So when three member companies announce major funding in as many days, you can count that as a HUGE win for the incubator that houses them. Indeed it has been a good week for the Center for Entrepreneurial Innovation.
The summer is upon us here in Arizona. With record-high temperatures hitting us this past weekend - including the earliest date in our state's history for 115-degrees - the heat is definitely on. But it’s also a chance for you to make moves for your business if you choose.
Earlier this month, Portland-based Clean Edge Inc. released its annual “U.S. Cleantech Leadership Index” which lists the highest ranking states and metro areas based on their activities around clean energy, renewable technology adoption, investment and innovation. The report gives unique insight into the intersection between a city's public and private support with the growth of the industry within its borders. Here is where Phoenix lands on the report as well as other key findings.
So you have reached the moment where you think you are ready for your product to hit the market, but there are several important aspects you should have in place for your business in order to make a splash with your customers. Here is our take on what those are.
As a business incubator professional, I truly enjoy watching entrepreneurs take advantage of the plethora of resources at their disposal within a program – from advice and mentorship to facilities and equipment. VisionGate, a company that has developed innovations for the early detection and prevention of lung cancer, graduated from the Center for Entrepreneurial Innovation (CEI) incubator in Phoenix, Arizona in October 2015 and totally crushed the experience in 3 major ways.
Right now, the Phoenix entrepreneurial ecosystem is coalescing with the momentum of a cheetah running in an open field, and every entrepreneur in the region should make it his/her mission to plug in to our growing community. With that in mind, we thought we would share some of the most populated startup hangouts where a lot of magic happens.
Startups in the healthcare space have inundated the market the last few years, from those companies transforming digital health record management to others that focus on improving the patient experience. In Phoenix alone, we have seen a glut of promising new technologies that include well-funded businesses and their lesser known but no-less-interesting counterparts. Nationally, venture capital in the amount of $4.1 billion was given to digital healthcare companies in 2014; other studies have overall funding for these companies at $6.5 billion. Regardless the message is clear: new and innovative digital healthcare solutions have become not just a startup trend, but a national one. And here’s why.
First off, I promise there will be no spoilers of Batman v. Superman in this post, in case you were worried. Instead I am going to try and clear up the (very) muddy waters of entrepreneurial support organizations. With so many options and - as I will illustrate - nuances within those options, it can be very difficult for startups to navigate the world of professional business resources and services. Hopefully, this post helps make it easier.
With continuous innovation occurring in the medical field, it is imperative for federal regulations to keep pace. Today, most new and follow-on devices experience a lengthy regulatory process, especially when compared with their drug counterparts. But the federal government is trying to address this and other concerns through new proposed legislation. Here is what we know thus far.
Earlier this month, Pitchbook released a landmark report which concluded that one-third of all US startups that raised a Series A in 2015 had gone through an accelerator program at some point in their development. Coupled with similarly promising data about business incubators - including one study that noted 40% of early-stage incubatees sourced their investment through connections within the incubator itself - and it appears that joining these types of programs bear long-term financial fruit for growing companies.