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HomeMy WebLinkAbout07 18 2017 Technology Village Minutes CITY OF PRIOR LAKE, MINNESOTA TECHNOLOGY VILLAGE BOARD OF DIRECTORS MEETING MINUTES – JULY 18, 2017 952.496-8830 – jfoust@scottfss.org - www.technologyvillage.net 1. Call to Order The meeting was called to order at 7:38 a.m. Present: Gerry Hughes, Adam Proehl, Sarah Jones, Patrick Stroh, Dan Straton. Also present: James Vande Castle and Richard Beer. Staff present: Community Development Director Casey McCabe, Jo Foust (FSS) and Alyssa Meierbachtol (FSS Intern). Absent: Lori Frank and Zach Braid. 2. Approval of Meeting Minutes a. June 8, 2017 MOTION BY PROEHL AND SECOND BY STRATTON to approve the June 8, 2017 meeting minutes. The Motion was approved 4-0-1, with Jones abstaining. The June 20, 2017 workshop minutes were included in the packet for Board members’ information. 3. Old Business a. FAST-TRACK Challenge -Business Competition An update was provided on the FAST-TRACK Business Challenge. An update was provided on the status of requests for sponsorship. Hughes reported he has been in contact with the MN High Tech Association (MHTA). While MHTA does not donate funds, they are willing to assist with contacting potential sponsors and assist with identifying judges. Stratton noted he will have additional information on a potential sponsor by the end of next week. Proehl provided a venture capital contact which Stroh will be meeting with on the July 19th. It was suggested local banks possibly be contacted regarding donations. An update on donations by service providers was given. The inclusion of round-tables as a prize was discussed. With that value included, the prize package is now over $11,000. The Board requested area mayors be contacted with an update and a request for their assistance in identifying sponsors and service providers. The Board also requested another marketing blitz to encourage the submittal of applications. Dates for the FAST-TRACK Challenge live event were discussed. The consensus was to hold the event on a Thursday evening, other than October 19th which is MEA. Lisa Bradley, R.Riveter, a past Shark Tank participant, is available on Thursday October 26, 2017. The Savage City Council Chambers is available that evening. The Prior Lake Council Chambers is not. The event would be held from 6:00 p.m. to 8:00 p.m. The list of interested parties was reviewed. One of the 19 has submitted an application. Hughes contacted the other 18. He noted that based on discussions, four plan to submit applications, four may submit, one will not, one did not feel it was applicable (non-tech business), two have out of county connections and needed discussion, and he was unable to connect with six. Hughes noted approximately 60% are in the “idea mode”. Some do not have their business plans prepared. The Board discussed two of the projects. One party lives in St. Paul but has been looking at building her business south of the river. The other would have the marketing and sales in Scott County but their manufacturing in Fillmore County. It was the consensus to allow the submittal of the applications, with more points awarded for Scott County residents and businesses. 4. New Business a. Lease Request –LocalVibe has requested the ability to lease the final office space in Technology Village, Suite C102. The company currently leases two other office spaces and a cubical. In order to accommodate immediate needs for space, a month-to-month lease was prepared, with the understanding that if another business is accepted the space may need to be vacated. MOTION BY Stratton and SECOND by Proehl to approve a lease for LocalVibe for office C102 through December 31, 2017. Motion carried 5-0. It was requested the term of lease, for all spaces, be included as a workshop topic for the future. 5. Updates a. Technology Village Metric Report – June, 2017 Board members reviewed and discussed the June 2017 Metric Report. The Board noted the following updates: under the Program participant contacts Gifthorse should be coded with red as a virtual participant and etaKnowledge should be removed. Also under the Rental/Subscription Payment Status etaKnowledge should be removed. Jones noted she met with Willwerks in the second quarter and will submit her report. b. Action Item Update The Action Item report was included in the packet. c. Calendar of Events The next regular meeting is scheduled for Tuesday, August 1, 2017 at 7:30 a.m. Straton indicated he would not be able to attend. d. Board Member Ideas/Recommendations None. 6. Adjourn MOTION BY PROEHL and SECOND BY JONES to adjourn the meeting. The meeting adjourned at 8:20 a.m. Submitted by: Jo Foust, Scott County FSS A roundtable discussion with Gifthorse followed the regular meeting from 8:25 a.m. to 9:30 a.m.