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HomeMy WebLinkAbout12 05 2017 Technology Village Minutes CITY OF PRIOR LAKE, MINNESOTA TECHNOLOGY VILLAGE BOARD OF DIRECTORS MEETING MINUTES – December 5, 2017 952.496-8830 – jfoust@scottfss.org - www.technologyvillage.net 1. Call to Order The meeting was called to order at 7:33 a.m. Present: Gerry Hughes, Dan Stratton, Patrick Stroh and Zach Braid. Staff present: Community Development Director Casey McCabe and Jo Foust (FSS). Absent: Sarah Jones, Adam Proehl, and Lori Frank. 2. Approval of Meeting Minutes a. September 19, 2017 MOTION BY STROH AND SECONDED BY STRATTON to approve the September 19, 2017 meeting minutes. The Motion was approved 4-0. Meeting notes from the November 7, 2017 and November 21, 2017 workshops were reviewed. 3. Old Business a. FAST-TRACK Challenge -Business Competition An overview of the post-mortem meeting on the 2017 FAST-TRACK Challenge was provided. A summary of responses from 10 surveys, completed by finalists, judges and sponsors/service providers was reviewed. Hughes noted the judges appreciated the materials and meeting prior to the event. They suggested more applicants, farther along in the process and more time for presentations. Only two service providers attended the event. Stroh recommended adding an expo with booth opportunities for the service providers and sponsors in 2018. Braid offered to assist in developing contact lists for possible sponsors and service providers for the next event. The video capturing highlights from the event is in process. Foust noted both winners have received their cash prizes and have met with their service providers. ZIET LLC has signed a Virtual Participant Agreement and Ion Concert Media, Inc. plans to do so within the next week. b. 2018 Business Plan. A revised 2018 Business Plan which includes Technology Village Goals and plans for a Scott County -Wide Incubator/Accelerator initiative was reviewed. Comments from the Technology Village November 21, 2017 workshop were incorporated, along with input from a City Administrator, in Scott County. The Board discussed minor changes including the goal to engage and retain current business participants in Scott County after they graduate from the program, clarification on the CDA Board versus the County Incubator Board, and the addition of information relating to the core value of creating high paying jobs in Scott County, as a supplement to the Value of a Job section. McCabe noted the Business Plan will be shared with the EDA in January with a disclosure that the FSS Board and CDA will be reviewing the document in January, 2018. 4. New Business a. Election of Officers, 2018 McCabe reported that the Technology Village Bylaws require an annual election of a Chair and Vice Chair. McCabe serves as Secretary to the Board. MOTION BY STRATTON AND SECOND BY STROH to nominate Gerry Hughes as Chair for the Technology Village Board of Directors for 2018. Motion carried 4-0. MOTION BY HUGHES AND SECOND BY STROH to nominate Dan Stratton as Vice Chair for the Technology Village Board of Directors. Motion carried 4-0. b. Lease Agreement Suite C102 Foust reported that the lease for Suite C102 is set to expire the end of December, 2017. LocalVibe has indicated they do not need the third office in 2018. The office will be available in January, 2018. c. Mentor Assignments It was the consensus of the Board to table the assignment of Mentors to the new Virtual Participants, ZIET LLC and Ion Concert Media, until the December 19, 2017 workshop when additional Board members are present. d. Participant Survey. Technology Village Participants will be asked to complete a survey to provide input on information needed for the Metrics Report as well as programming for 2018. A draft survey was reviewed. It was suggested a question be included relating to participant’s use of information in the Technology Village Participant Dropbox. The change will be incorporated and survey sent out. 5. Updates a. Technology Village Metric Report – November, 2017 Board members reviewed and discussed the November, 2017 Metric Report. b. Action Item Update The Action Item report was included in the packet. c. Calendar of Events The next workshop meeting is scheduled for Tuesday, December 19, 2017 at 7:30 a.m. There are no roundtable requests from Participants for December 19th. The next regular board meeting will be January 16, 2018. Wilwerks may be interested in a roundtable with the board on January 16th. Gifthorse may be interested in a roundtable in January or February. New Virtual Participants may also be interested in roundtables early in 2018. It was suggested design-a-tivity be invited to the roundtable with ZIET since he is a service provider for the company. The Board discussed the frequency of meetings, workshops, roundtables and participant breakfasts. Monthly meetings with bi-monthly workshops and quarterly participant breakfasts were discussed. Roundtables could be scheduled on non-workshop months, as needed. The Participant Survey will also seek input on the desired frequency of meetings. d. Board Member Ideas/Recommendations None. 6. Adjourn MOTION BY STROH and SECOND BY STRATTON to adjourn the meeting. The meeting adjourned at 8:43 a.m. Submitted by: Jo Foust, Scott County FSS