HomeMy WebLinkAbout8A EDA Report Attachwww.technologyvillage.net
2017 BUSINESS FAST-TRACK CHALLENGE
Technology Village intends on holding a “Shark Tank” like
event in October 2017 to “Fast-Track” an up and coming
Scott County business
The goal of this event is two-fold:
1.Fulfill our mission of matching entrepreneurs to resources
via our business incubator and virtual program
2.Enhance economic development and create jobs in Scott
County based on Scott County Economic Development
analysis (Maxfield research).
www.technologyvillage.net
2017 BUSINESS FAST-TRACK CHALLENGE
Business Fast-Track Challenge will be soft launched in June,
fully launched in August and culminating in a live October
event.
All entries will be evaluated and TV board will down select to
the top 5 submissions.
A qualified winner will be awarded cash prize, incubation
space and mentorship.
www.technologyvillage.net
WHO IS TECHNOLOGY VILLAGE?
Mission Statement:
Technology Village supports the growth of emerging technology-
based businesses within an entrepreneurial environment that
encourages collaboration, fosters job creation and provides
connections to local & regional resources
www.technologyvillage.net
IS THIS YOU?
I HAVE A BUSINESS CONCEPT, BUT…
…I don’t have a conducive environment and dedicated
space to work on my business
…I don’t have access to financial programs and resources
…I don’t have experience in starting a business and need
business, legal and tax advice
…I have an idea, but I need help getting it off the ground
www.technologyvillage.net
TECHNOLOGY VILLAGE CAN HELP!
Technology Village space in Prior Lake City Hall
Office/Cubical space available
Meeting room space to meet clients, vendors and partners
Office resources like WIFI, copier, fax, etc.
Virtual Program
www.technologyvillage.net
TECHNOLOGY VILLAGE CAN HELP!
Access to City and County Programs and Resources:
Capital
Bank Financing, SBA Loans & Grants
Venture Capital, Angel Investor
Development Assistance
Business Development; Professional Network Support
Education and Training Programs; Board Member Mentorship
Connectivity to County Programs/Resources
Scott County Open to Business Program; MCCD Financial Programs
First Stop Shop Technical Assistance
www.technologyvillage.net
FAST-TRACK CHALLENGE ELEMENTS
SCOPE
www.technologyvillage.net
FAST-TRACK CHALLENGE ELEMENTS
PROCESS & TIMING
Process
Currently designing and executing program components
Soft launch the event to assess interest and participation
If Go, sign sponsors and announce event culminating with live event in Oct
Timeline
April, May : Program design and initial execution
June : Soft launch; Go/No Go and sponsers
Aug, Sept : Submission of ideas
Oct : Live event for finalists
www.technologyvillage.net
FAST-TRACK CHALLENGE ELEMENTS
REWARDS
FAST-TRACK CHALLENGE WINNER
Cash price
Admission into Technology Village Incubator Program (full or virtual):
executive mentoring, space, other services and resources
Professional Services Package: Tax, Legal, Accounting, Marketing services
Tech Village & Scott County
A entrepreneurial success story –encouraging others
Economic development leading to job creation
FT Challenge Focus Areas:
Health and Personal Care
Professional and Business Services
with a Technology component
Educational Products
Software Publishers
Other
Non-focus areas for FT Challenge:
Restaurants
Grocery Stores
General Retail Stores
FAST-TRACK CHALLENGE ELEMENTS
SCOTT COUNTY MAXFIELD RESEARCH –DEMANDS & GAPS
www.technologyvillage.net
FAST-TRACK CHALLENGE
HOW CAN YOU HELP?
1.Help us spread the word on this opportunity and event and
encourage the submission of ideas for economic growth
2.Be a Sponsor of this Event!
Contribute to/Sponsor Cash prize or Professional Services package
Branding and recognition as sponsor in all communications
Participate on Evaluation Team for live event