HomeMy WebLinkAbout03.27.18 TVBA Agenda Packet
Technology Village Board of Directors
Meeting Agenda
Tuesday, March 27, 2018
7:30 a.m.
City Hall, Little Prior Conference Room
2018 Goals
Continue to implement the recommendations of the Technology Village Phase III
Program Analysis to expand the TVBA Virtual Program into other Scott County Cities
with FSS and PL TVBOD support.
Create a Business Plan which identifies the specific tasks necessary to secure funding
and/or sources of funds to support Scott County program expansion.
Participate in the second annual Scott County FAST-TRACK Business Challenge.
Identify additional program participants, both virtual and physical; to increase the
number of TVBA related employees working in Scott County.
1. Call to Order
2. Approval of Meeting Minutes
a. February 13, 2018 Board Meeting Minutes –Action Requested, pages 2-3
b. February 21, 2018 Participant Networking Notes – FYI, page 4
3. Old Business
a. FAST-TRACK Business Challenge Updates TV Rep.–Action Requested, pages 5-16
b. County-Wide Incubator update-FYI, page 17
4. New Business
a. Marketing Vacancies in Technology Village , Page 18
b. Participants Departures - Lessons Learned, Page 19
c. Mentorship Assignments – Page 20
5. Updates
a. Technology Village Metric Report – February 2018, pages 21-23
b. Action Item Update FYI, page 24
c. Upcoming Meetings/Calendar 2018, FYI, pages 25-26
d. Board Member Ideas / Recommendations
6. Adjourn
A Roundtable with Ion Concert Media will follow the meeting/workshop session, at 8:15 a.m.
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CITY OF PRIOR LAKE, MINNESOTA
TECHNOLOGY VILLAGE BOARD OF DIRECTORS
MEETING MINUTES – February 13, 2018
952.496-8830 – jfoust@scottfss.org - www.technologyvillage.net
1. Call to Order
The meeting was called to order at 7:42 a.m. by Vice Chair Stratton. Present: Dan Stratton, Patrick Stroh, Sarah
Jones, Zach Braid and Adam Proehl. Staff present: Community Development Director Casey McCabe and
Business Development Specialist Jo Foust. Absent: Gerry Hughes and Dave Rech.
2. Approval of Meeting Minutes
a. January 16, 2018
MOTION BY STROH AND SECONDED BY PROEHL to approve the January 16, 2018 meeting minutes.
The Motion was approved 3-2-0, with Jones and Braid abstaining.
3. Old Business
a. FAST-TRACK Business Challenge
Updates of FAST-TRACK Challenge were shared. An overview of the EDAM conference and “Program of the
Year” award was provided.
Committee membership was discussed. Stroh offered to remain the point person with Foust for the next few
months. Stratton suggested the Bush Foundation as an opportunity for funding. Foust reported she has been
in contact with the MN Cup as a possible partner for the 2018 event.
Hughes has suggested the categories Gold and Silver sponsorship be further defined. Stroh recommended a
sponsor host the pre-event reception.
Foust will be presenting information on the 2018 FAST-TRACK Challenge at the New Prague and Belle Plaine
EDA meetings over the next month, along with the Shakopee Chamber of Commerce meeting. The next steps
are finalizing the applications and the three minute video.
b. County-Wide Incubator Update.
Foust provided an update on meetings with various cities. The Savage EDA will revist it in April. Shakopee is
supportive of an incubator but expressed a need to expand beyond “technology”. Meetings are scheduled with
the New Prague and Belle Plaine EDAs on February 14th and March 12th, respectively. The sample deck or
PowerPoint was provided to the Board. Foust noted she anticipates there will need to be mo difications to the
plan following city input. McCabe noted the Prior Lake EDA approved the business plan at their February
meeting.
4. New Business
a. Mentor Assignment – iWMS Global – Assignment of a mentor was tabled until the March meeting.
It was noted that iWMS Global may be interested in additional cubical space starting in June, 2018.
Lease Agreements were discussed. The three year term for tenants occupying space in Technology Village
was discussed. It was the consensus of the Board that it should be a three-year cumulative lease versus
continuous lease, if the tenant left in good standing. The Board discussed the ability to make exceptions to
allow a participant to continue on a month-to-month basis, if deemed beneficial, but suggested this may be at
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market rate lease rates. It was suggested this language be added to new lease agreements. The Board also
discussed the term of lease running with the company name (new incorporation or filing) versus the ownership,
if company is truly different.
5. Updates
a. Technology Village Metric Report – January 2018
Board members reviewed and discussed the January 2018 Metric Report. McCabe provided an overview. He
referenced one new participant starting in January, iWMS Global. Other metrics highlighted included the need
to update the employee county, the occupancy rate of 100%. It was noted web site activity was down in
January, 2018. One Virtual Participant is behind in rent, but has indicated they will be paying.
b. Action Item Update
The Action Item report was included in the packet. Foust summarized recent projects completed. In addition,
it was noted Participants were surveyed regarding their preferred timing for educational meetings, roundtables
and networking. Four participants responded. Most preferred roundtables in morning, with the exception of
ZIET, LLC, who requested late afternoon/evening. The Board felt a networking event may work best in the late
afternoon, allowing more time for participants to share information.
c. Upcoming Meetings/Calendar 2018
A Participant networking session will be held Tuesday, February 20, 2018 from 8 a.m. to 8:30 a.m. An
educational program will be held from 8:30 a.m. to 9:30 a.m. in the Council Chambers. City staff will video
tape the event. Approximately 30 people have RSVP’d.
Upcoming roundtables will be scheduled for Willwerks, LocalVibe, and Gifthorse. Foust will send dates to the
Board members who serve as their mentors, to coordinate the three.
Future educational programs were discussed. Jones suggested a presentation on bus iness plan development
with a business plan template. McCabe suggested contacting Christine Pigsley who is a professor at Mankato
State and former Open to Business Counselor, as a speaker. Funding options for businesses, including
bootstrapping, venture capital or angel investment funds was also suggested as a topic, by Jones and Braid.
d. Board Member Ideas/Recommendations
The Board briefly discussed the roundtable held on January 24, 2018 with ZIET, LLC.
The Board discussed metrics to ensure participant engagement, such as attendance at educational sessions,
mentor engagement, etc. It was suggested this be added into the agreements for future participants and virtual
participants.
6. Adjourn
MOTION BY PROEHL and SECOND BY JONES to adjourn the meeting. The meeting adjourned at 8:39 a.m.
Submitted by: Jo Foust, Business Development Specialist, FSS
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CITY OF PRIOR LAKE, MINNESOTA
TECHNOLOGY VILLAGE BOARD OF DIRECTORS
PARTICIPANT MEETING NOTES – February 21, 2018
952.496-8830 – jfoust@scottfss.org - www.technologyvillage.net
Call to Order
The Participant Networking session was called to order at 8:00 am. by Adam Proehl. Present: Board Member Proehl. Staff
present: Jo Foust (FSS) and John Endris, Open to Business. Absent: Gerry Hughes, Dan Stratton, Patrick Stroh, Sarah
Jones, Zach Braid, Advisory Board Member Dave Rech and Community Development Director Casey McCabe. Also
present: Douglas Zietlow, ZIET LLC. and Justin Will of Willwerks.
Participants introduced themselves and provided a brief overview of the status of their business and future plan.
Proehl provided an update on Technology Village activities.
The group adjourned and joined an educational program in the City Council Chambers on “Creating a Corporate Culture”,
with presenter John McHugh of Kwik Trip. Approximately 25 business, school and city representatives from Scott County
attended.
Adjourn
The educational program adjourned at 9:30 a.m.
Submitted by: Jo Foust, Scott County FSS
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Agenda item 3 a. FAST-TRACK Challenge Updates
Attached are working papers which outline the various tasks to be completed for the 2018 FAST-TRACK
Business Challenge, along with activities completed to date.
Action: The Board is asked to assist with the following:
Confirmation of the FAST-TRACK committee/ Tech Village point person is requested.
Assistance in contacting potential Sponsors and Service Providers
Input on the Sponsorship Application (differentiate between gold and silver and sponsorship
levels)
Input on the Application form for 2018 applicants.
Input on the Working Papers and schedule of activities
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2018 Potential Sponsors & Professional Service Providers – FAST-TRACK Challenge
Business Contact Date Contacted Contacted by Response
St. Francis Regional
Medical Center
Mike McMahan,
Pres.
March 8, 2018 Stacy Crakes and Jo
Foust - meeting
Not a fit but will
pass it along
SMSC Bill Rudnicki March 9, 2018 Jo Foust –visited
after SCALE &
Dan (via email)
Will consider
State Bank of Belle
Plaine
Paul Gatz, CEO-
President
March 16, 2018 Jo Foust – via email
w/video link
New Market Bank Bob Vogel,
Chairman of the Bd
March 16, 2018 Jo Foust – via email
w/video link
Klein Bank Bob Facente March 16, 2018
March 20, 2018
Jo Foust – via email
w/video link and
Stacy/CDA Mgmt
meeting
Sterling Bank Eric Plaisted,
Branch Mgr.
March 16, 2018 Jo Foust – via email
w/video link
Electromed Kathleen Skarven March 16, 2018 Jo Foust – via email
w/video link
Declined
Shutterfly Michelle Martin March 16, 2018 Jo Foust – via email
w/video link
Service Providers Contact Date Contacted by Response
Haugen Law Firm Kristin Haugen March 16, 2018 Jo Foust – via email
w/video link
Accounting Firm
(Anonymous 2017)
Anonymous March 16, 2018 Jo Foust – via email
w/video link
Fox Tracks
Marketing
Larry March 16, 2018 Jo Foust – via email
w/video link
Integrated Business
Solutions
Gene Grugal March 16, 2018 Jo Foust – via email
w/video link
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FAST-TRACK Business Challenge
SPONSORSHIP AGREEMENT
The FAST-TRACK Challenge is a business competition open to Scott County residents with a
business idea and businesses that have incorporated within the past year, who wish to pitch
their product idea to a panel of judges with the hope to fast track their business! The
Challenge is being coordinated by the Scott County First Stop Shop (FSS) and Technology
Village, Prior Lake. An event is planned for October, 2018. Prizes will include cash and
professional service packages. As a sponsor and/or service provider, you will receive the
following:
Recognition on all print/marketing materials.
Recognition on social media
Recognition at the event
Media exposure in post event announcements
Sponsors may be provided a seat on the panel of judges
Please select your desired level of participation:
Sponsorship of the event.
_____ Gold ($20,000). Gold Level Sponsorship provides the company with the
opportunity to host the FAST-TRACK Challenge at their business location, should they
desire to do so; sponsors may be eligible for a seat on the judges panel and sponsors
will receive media exposure.
_____ Silver ($10,000). Silver Level Sponsorship provided the company with the
opportunity to host the FAST-TRACK Challenge at their business location, should the
Gold Sponsor opt not to. Sponsors may be eligible for a seat on the judges panel and
sponsors will receive media exposure.
_____ Bronze ($5,000). Bronze Level Sponsors may be eligible for a seat on the judges
panel and sponsors will receive media exposure.
_____ Copper $________ (Insert $ amount). Copper Level Sponsors will receive media
exposure.
As a Sponsor your signature certified you agree to the following:
1. Sponsors shall provide a check either directly to the qualified winner(s), in the amount
selected on this Agreement, or to the Scott County CDA, who will in turn write a
check(s) to the qualified winner(s). Funds will be restricted to be used for the business
development.
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2. Sponsors agree to allow FAST-TRACK Challenge (Scott County First Stop Shop and
Technology Village, Prior Lake) to use their corporate names and logos on marketing
materials, unless they wish to remain anonymous.
Should the FAST-TRACK Challenge be cancelled by program coordinators, Sponsors will be
released from obligation to provide funding and/or services.
Sponsor Information
Company Name:________________________________________________________________
Contact Name:_________________________________________________________________
Title of Authorized Representative:________________________________________________
Address:____________________________________ City:______________________________
State: ____________ Zip Code:________________ Phone #:__________________________
Email Address:_______________________________
Signature of Authorized Representative: ____________________________________________
Date:_________________________________________________________________________
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FAST-TRACK Challenge
APPLICATION
Contact Information
Business Name:
Principals and Titles:
Address:
Telephone:
Cell:
E-Mail: Website:
Company Information (If app licab l e )
Form of Ownership: Corporation
Partnership
Sole Proprietor
Company form (C-Corp, S-Corp, LLC, etc.):
Date Business was established:
Other Members Names (If team submittal/presentation):
Business Challenge Title -______________________________________________________________
Submit brochures and company literature, if available.
Business Challenge Category:
Health and Personal Care Solutions
Professional and Business Services
Apps/Software Publishing
Educational Products
Product Development, Describe:____________________________________
Other:
Description of product/idea and the need or challenge it addresses (attach additional page if needed):
Current status or stage of development of Business (e. g., working on prototype, product advanced development, etc.):
Type of financing used to operate Business to-date:
Venture Capital Firms
Private Investors
Personal Resources
Other (indicate nature):
Status of Business Plan:
Completed (please attach a copy)
In Preparation & Available by: _
Not Yet Started. (Open to Business is available to assist with the development of Business Plans.
Contact John Endris, Business Advisor, Scott County Open to Business Program, (W): 612-843-3278
Cell: 651-216-6252, email: jendris@mccdmn.org, www.opentobusinessmn.org
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Customer /Market Description:
Size and Sales Strategy:
Number of Jobs You Anticipate to Create and Types of Jobs:
How is technology used in your product or service?
Location of Proposed Business:
Types of business assistance needed (check all that apply):
Accounting /QuickBooks, etc.
Legal
Marketing: Logo design, etc.
Web site development
Financial Planning
Business Plan Development
I understand there will be an opportunity to provide a live pitch of my business idea to a panel of judges.
I agree, if selected as a finalist, to participate in the event to be held in October, 2018. I agree to have
my name and product includes in marketing materials for the FAST-TRACK Challenge.
_
Name (Printed) Signature
_
Date
The FAST-TRACK Challenge is open to residents of Scott County, or those looking to locate a business in
Scott County.
The FAST-TRACK Challenge is open to entrepreneurs with new business ideas as well as start-up companies
with new products.
Applications must be submitted or postmarked no later than August 6, 2018 and received at the Scott
County First Stop Shop office located at Prior Lake City Hall, Technology Village, 4646 Dakota Street SE,
Prior Lake MN 55372 or email to: jfoust@scottfss.org.
FAST TRACK Challenge reserves the right to:
A) Amend, modify, or withdraw this application;
B) Require supplemental statements or information from any Respondent;
C) Accept or reject any or all responses thereto;
D) Extend the deadline for submission of responses thereto;
E) Cancel, in whole or part, the FAST TRACK Challenge, for any reason or for no reason.
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The FAST TRACK Challenge (First Stop Shop and/or Technology Village) shall not be responsible for any
costs incurred by applicants relating to preparing for and participating in the FAST TRACK Challenge.
You are being asked to provide the information in this application in order to assess your qualifications for the
FAST TRACK Challenge. You are not required to provide this information. However, if you fail to provide
sufficient information the FAST TRACK Challenge Committee may not be able to process your application. Any
data collected or maintained by the Scott County FSS or City of Prior Lake as part of the selection or
evaluation process is private until the selection process is complete at which point it becomes public pursuant
to Minn. Stat. 13.591, Subd. 4. Public data is available to anyone who requests it. Some of the information
requested will remain private. Trade secret data is private pursuant to Minn. Stat. 13.37. Financial information
about the business is private until financial assistance is granted pursuant to Minn. Stat. 13.591. The following
financial data remains private even if financial assistance is granted: business plans; income and expense
projections not related to the financial assistance provided; customer lists; income tax returns; and design,
market, and feasibility studies not paid for with public funds. Information you provide that is considered
private will be available to Scott County First Stop Shop employees, City of Prior Lake employees and
Technology Village Board of Director and the FAST TRACK Challenge panel of judges, whose duties
reasonably require access to this information as well as to anyone granted access through statute or court
order.
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FAST-TRACK Challenge Promotion Meeting Schedule-2018
EDA Location/Name Meeting Schedule Time Next Meeting
New Prague Chamber of
Commerce
Monthly 8:00 a.m. January 16th – COMPLETED
(Stacy & Jo presented FSS programs and
FAST TRACK to staff +1)
MN Cup NA NA IN PROCESS. Emailed re: collaboration
– winner free entry into MN Cup (1-25-
18). Call & email 2-20-18.
First Stop Shop Advisory
Committee Meeting
Quarterly, 9:00 a.m. January 31, 2018 – COMPLETED
New Prague EDA 2nd Wednesday 7:30 a.m. February 14th - COMPLETED
Shakopee Chamber of
Commerce
Monthly 11:30
a.m.- 1
p.m.
February 22, 2018 COMPLETED
(Stacy & Jo presenting FSS programs
and FAST-TRACK)
Belle Plaine EDA 2nd Monday 5:00 p.m. March 12th – COMPLETED
Jo attending re: Co. Wide incubator and
FAST-TRACK 2018
SCALE-Technical Team
Meeting
3rd Wednesday 2:30 p.m.-
4:30 p.m.
March 21, 2018 - COMPLETED
SCALE 2nd Friday 7:30 a.m. April 13th or May 11th –
REQUESTED/PENDING
Jordan EDA 3rd Tuesday 6:30 p.m. April 17th or May 15th?
Shakopee EDA 3rd Tuesday 7:00 p.m. April 17th or May 15th?
Savage EDC 3rd Wednesday 7:15 a.m. April 18th or May 16th?
Elko New Market EDAC-
City Hall
4th Thursday 6:30 p.m. April 26, 2018 6:30 p.m. - CONFIRMED
GreaterMSP Call to schedule
Savage Chamber of
Commerce
Monthly 11:30
a.m.- 1:00
p.m.
May 8, 2018 – CONFIRMED
(Stacy & Jo presenting FSS programs
and FAST-TRACK Challenge info)
Shakopee Leader’s Group No longer actively meeting, as in 2017
Prior Lake Rotary (at The
Wilds Golf Club
3151 Wilds Ridge Ct NW)
Wednesdays 7 a.m.
MNCAPS
Scott Co. Board Meeting 1st & 3rd Tues. 9:00 a.m.
to 10 a.m.
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Tech Village Business Challenge Working Papers
Last Update 3/19/18
Business Challenge Outline:
1. Value Prop of doing the business challenge
1.1. Tech Village - 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
1.2. Conducting a business challenge is another marketing method to activate stakeholders in PL and
Scott County and fulfill our mission
2. Timeline and Key Milestones
2.1 March/April
Marketing Meetings. Attend EDA/City meetings to present the FAST-TRACK Challenge
information.
o See attached schedule of meetings. As of March 21st, six meetings attended.
Marketing. Develop a list of publications and social media sites to promote the event; ie. Star
Tribune, GreaterMSP, First Stop Shop Facebook & Newsletter, Scott County cities, Scott County
SCENE, Prior Lake sign, direct mail of the flyer, etc.
o Press Release re: EDAM Program of the Year sent to all Scott County newspapers in
Jan.; posted on FSS Facebook and Linked In (2100+ views).
o Press Release re: Sponsorship/Service Providers submitted to all Scott County
Chamber of Commerce offices on March 19th. Elko New Market included it on their
blog; submitted to all Scott County newspapers on March 16th and 19th; submitted to
the Scott Co. SCENE for the April/May edition.
o 3-minute video completed and shared with all Chamber of Commerce offices in Scott
County, 12 potential sponsors/service providers, Belle Plaine EDA, SCALE Tech Team
and linked to the FT website (March, 2018)
Sponsorship –Begin contacting companies re: sponsorship (with Board member outreach)
o March 8th to March 19th: Contacted 8 potential sponsors and service providers.
o Potential sponsor list developed. Board to discuss contacts on March 27th
Service Providers –Mail and/or email Professional Service Providers with information on the
FAST TRACK Challenge and the Service Provider form. Include legal, accounting and marketing
firms throughout Scott County.
o Contacted four potential Service Providers, including 2017 providers, on March 16th.
o Developed a list of additional potential service providers. Board to discuss contacts
on March 27th.
Develop a flyer announcing the event; print 500 copies on 100# gloss text with bleeds
(Riverfront Printing, Shakopee)
Application – finalize and post on the web site
Sponsorship Form – finalize and post on the web site.
o 2018 Forms posted on FAST-TRACK Website on March 19th.
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Website for FTC – update with video from 2017, past winners, etc.
o Updates to the Website, with video links, press release, etc. completed on March
19th. Additional updates will be made as available.
2.2 May/June
Continue meetings with potential sponsors to market the program
Finalize the program – date, time and location
Begin to promote the prize package(s)
Launch opening of formal application submittal (June)
2.3 July
Marketing – Gerry? contact MHTA, Jo contact Twin Cities Business Journal, Minneapolis/St. Paul
Business Journal, Finance & Commerce, GreaterMSP and EDAM. Submit articles for the
Aug/Sept. Scott Co. SCENE; press releases to all area newspapers, cities and Chambers of
Commerce
Judges – Contact and select
Continue marketing and accepting formal applications
2.4 August
Event location -finalize
Judge panel finalize
Applications close Aug. 31st
Announce prizes in Press Release along with solicitation for Professional Services/Sponsors
2.5 September
Review and rank applications Sept. 5th -15th .
Selection of finalists: Sept. 11th
Announce four finalists in Press Release, etc. to newspapers, cities, chambers, website
Prepare information for finalists on outline for pitches, judges, etc.
Establish dates for practice “pitches” with the four finalists.
Develop a Judge’s binder with rating forms, copies of applications, etc.
Research a banner for the event
Determine invitation list for the Oct. event
2.6 October
Conduct practice pitches with finalists
Host Judge’s Meet & Greet – mid Oct.
Provide logos and information on applicants, judges, service providers and sponsors for Video
preparation
Promote the event, invite the press, etc.
Develop program for the event with order of pitches, sponsors, service providers, info. on
finalists, judges
Prepare script for the event
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Meet with video taper to discuss production; meet with finalists for practice runs at site
Order Judges’ gifts – pens and wrote thank you cards
Order plaque for winner
Obtain copies of certificates/prizes from sponsors and service providers
Plan Refreshments for the event (water, cookies, appetizers, etc.)
Host the FAST-TRACK Challenge on Oct. 25th ?? (Thurs night)
2.7 Post event
Send press release on winner(s) with photos to papers and web site/FB, LinkedIn
Submit event for award programs
Video production editing/finalizing
Celebrate success? After event video viewing party with sponsors/finalists?
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Business Challenge Submission: Any changes to requirements?
Rules/Eligibility:
No entry fee
Applicant must reside in Scott County or be willing to locate their business in Scott County
Must be a new business or incubated in the last 3 years
Judging Criteria:
o Must show job creation
o Must be in a category supporting economic report
o Project/program viability
o Other?
Applicant cannot be member of TV board, City of PL, xxx
Panel of Judges - ideas for 2018?
MC and Moderator
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Agenda item 3. b. County-Wide Incubator
We continue to obtain input from Scott County communities on the proposed County-wide
Incubator/Accelerator model. A presentation was made to the City of Belle Plaine’s EDA on March 12 th.
I will be meeting with the Elko New Market EDA on April 26, 2018.
We are also working on a mailing to send to newly incorporated businesses seeking input on their
interest in physical space as well as a virtual program accelerator. We hope to gain insight on the
interest overall as well as by geographic area within the county, to assist communities in determining
the type of model that may work best for them and their entrepreneurs.
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Agenda item 4. a. Marketing Vacancies in Technology Village
On March 1, 2018 two offices and a cubical became available within Technology Village. The following
efforts have been made since this time to market the available space:
Advertising on the Prior Lake Sign
Advertising within the Prior Lake city website news section and City Newswire
Posted on Scott County First Stop Shop Facebook page
An ad will be included in the April/May edition of the Scott County SCENE
Post card mailing: We have approximately 125 post cards from the 2017 direct mail advertising
Technology Village. We have a list of over 900 new business filings in Scott County, for 2017.
This list is being reviewed to identify potential technology and professional businesses that we
can send a direct mail post card to.
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Agenda item 4. b. Participant Departures – Lessons Learned
Two participants exited from the program in March, 2018.
LocalVibe had been leasing two offices and a cubical within Technology Village. Their lease was
scheduled to expire March 31, 2018. The business vacated on March 1, 2018, as the owner has decided
to relocate to California. The business will continue, with headquarters continuing in Prior Lake and
subcontractors assisting from offices in the twin cities. Information obtained during an exit interview
will be discussed with the Board.
Gifthorse was a virtual participant from April 7, 2017 to March 13, 2018. He has decided to cease
participation in Technology Village.
The Board is asked to discuss lessons learned as we market the physical vacancies in Technology Village
as well as the Virtual Program.
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Agenda item 4. c. Mentor Assignments
There are currently two program participants leasing space in Technology Village, along with four virtual
participants. Below is a list of companies, and the assigned mentors. Chairman Hughes has requested
we review the list and discuss assignments as participant membership has changed over the past month.
Design-a-tivity – Patrick Stroh
iMWS Americas, LLC. – Adam Proehl
Innovative Computer Professionals/Swot – Gerry Hughes
Ion Concert Media – Adam Proehl
Willwerks/Playhouse Technologies – Sarah Jones
ZIET, LLC – Gerry Hughes
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Technology Village Goals and Metrics
(February 1-28, 2018)
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 and regional resources.
2018 Goals:
➢ Continue to implement the recommendations of the Technology Village Phase III Program Analysis to expand
the TVBA Virtual Program into other Scott County Cities with FSS and PL TVBOD support.
➢ Create a Business Plan which identifies the specific tasks necessary to secure funding and/or sources of funds
to support Scott County program expansion.
➢ Participate in the second annual Scott County FAST-TRACK Business Challenge.
➢ Identify additional program participants, both virtual and physical; to increase the number of TVBA related
employees working in Scott County.
Key Performance Metrics
o Program Participant Contacts: Quarterly meetings between program participants and BOD.
Assigned program participants board sponsors are as follows:
• SWot (ICP) [Virtual] – Hughes
• design a tivity [Graduate] – Stroh
• Willwerks – Jones
• Local Vibe – Proehl
• ZIET, LLC [Virtual} – Hughes
• Ion Concert Media [Virtual} – Proehl
• iWMS Americas – Proehl
• Gifthorse [Virtual] – Stratton
o Program Participants: number of businesses participating in the Technology Village Program.
Program Participant Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018
Swot x x x x
(ICP) x x x x
Local Vibe x x
Willwerks x x x
design a tivity
Gifthorse x x x
ZIET LLC x x
Ion Concert Media
Technology Village BOD Quarterly Meetings
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o Employment: number of people currently employed by program participants.
o Vacancy/Occupancy Rate: percentage of City Hall Technology Village space under lease agreement.
*690 total leasable square feet
o Total Square Feet Leased; public (City Hall) and private office space.
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o Applications: number of program applications received, reviewed and accepted.
o Website Activity: total website hits, website hits by unique IP address and pages visited.
o Rental/Subscription Payment Status
o Expenditure & Revenue (Quarterly – March, June, Sept. & Dec.)
City Sessions % New
Sessions New Users Bounce
Rate
Pages /
Session
Avg. Session
Duration
27 21 40 47.50%2.58 0:02:14
Prior Lake 9(31.03%)5(23.81%)15(37.50%)26.67%2.4 0:03:03
Savage 5(17.24%)2(9.52%)8(20.00%)50.00%1.75 0:00:14
Minneapolis 2(6.90%)2(9.52%)2(5.00%)100.00%1 0:00:00
Waseca 2(6.90%)2(9.52%)3(7.50%)66.67%2 0:00:14
Burnsville 1(3.45%)0(0.00%)2(5.00%)100.00%1 0:00:00
Eden Prairie 1(3.45%)1(4.76%)1(2.50%)0.00%9 0:02:46
Hutchinson 1(3.45%)1(4.76%)1(2.50%)100.00%1 0:00:00
Jordan 1(3.45%)1(4.76%)1(2.50%)100.00%1 0:00:00
Minnetonka 1(3.45%)1(4.76%)1(2.50%)0.00%6 0:04:49
Shakopee 1(3.45%)1(4.76%)1(2.50%)100.00%1 0:00:00
Program Participant Sept Oct Nov Dec Jan Feb
Local Vibe X X X X X X
Willwerks X X X X X X
SWot X X X X X
Gifthorse X X
ZIET, LLC*X X X
Ion Concert Media*X X X
iWMS Americas X
*Membership dues sponsored via FastTrack Business Challenge
2017 2018
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Agenda Item: 5. b. Technology Village Action Items (Updates: Feb 6, 2018 to March 22, 2018)
Pending Action Items
Add bio for ZIET LLC to Technology Village web site (Note they have requested we wait until their website is
further developed).
Present information on the FAST -TRACK Challenge to Savage Chamber of Commerce (May 8, 2018)
Present 3-minute video for the FAST -TRACK Challenge at a SCALE meeting (April or May, 2018)
Continue to implement the Work Plan for the 2018 FAST -TRACK Challenge
Complete roundtables with participants (Ion Concert Media scheduled 3/27/18, Willwerks/Playhouse
Technologies –pending)
Continuous Action Items
Market/promote Technology Village including Scott County newsletter and placing the Technology Village ad
on Prior Lake public access TV. Openings marketed in March on Prior Lake sign, City’s e-newsletter, Scott
Co. FSS Facebook. To be advertised in the Scott Co. SCENE April/May edition.
Consider writing a blog or utilizing another social communication platform to promote business opportunities in
Prior Lake.
Display Technology Village collateral material within Scott County libraries.
Verify participant employment information.
Post video clips of Business Breakfast speakers, etc. on Facebook and Linked In, Board members to share
PL staff videotaped the 2/20/18 event. The link was added to the Dropbox for participants in March, 2018
Completed Action Items
Attended the New Prague EDA meeting to discuss the County Wide incubator and FAST -TRACK Challenge
2018 (Feb. 14 th, 7:30 a.m.)
Presented information on the FAST -TRACK Challenge, Technology Village and County -wide incubator to the
Shakopee Chamber of Commerce (Feb. 15 th)
Finalized the 3-minute FAST -TRACK Video with Savage TV (March 9, 2018)
Attend the Belle Plaine EDA meeting to discuss the County Wide incubator and FAST -TRACK Challenge
2018 (March 12 th, 5 p.m.)
Presented the video on the FAST -TRACK Challenge SCALE Tech Team Meeting (City Econ. Dev/Planning
staff from each city, Scott Co. and SMSC) (March 21 st)
Developed FAST-TRACK Challenge 2018 Work Plan; updated and posted new Sponsorship and Service
Provider applications on the web site.
Contacted 12 potential sponsors/professional service providers for the FAST -TRACK Challenge.
Sent press releases re: the FAST -TRACK Challenge sponsorship/service providers to the Scott Co. SCENE,
all area newspapers and all Scott County Chamber of Commerce Offices (March 16 th and 19th)
Added bios for new TV virtual participants to TV web site for iWMS Global and Ion Concert Media, and
removed Gifthorse and LocalVibe.
24
Technology Village 2018
Date Time Meeting Location Event Details
January
Tuesday, January 16, 2018 7:30 AM - 8:15
AM Board Meeting City Hall-Little Prior
8:15 AM Roundtable LocalVibe Pitch-cancelled by co.
Wednesday, January 24, 2018 5:30 PM Roundtable ZIET, LLC
February
Tuesday, February 13, 2018 7:30 AM - 8:00
AM Board Meeting City Hall-Little Prior
Tuesday, February 20, 2018 8:00 AM - 8:30
AM Participants Networking & Updates City Hall -Little Prior
Tuesday, February 20, 2018 8:30 AM - 9:30
AM
Participant Educational Program -
Open to Scott Co. businesses
City Hall Council
Chambers Creating a Corporate Culture - John McHugh, Kwik
Trip; any Scott County Business can attend VIA RSVP
Tuesday, March 13, 2018 7:30 AM Board Meeting City Hall-Little Prior No quorum available
Tuesday, March 27, 2018 7:30 AM 1st Quarter Work Session TBD City Hall
Tuesday, March 27, 2018 8:15 AM HOLD Roundtable TBD City Hall-Little Prior Ion Concert Media
Tuesday, April 10, 2018 7:30 AM Board Meeting City Hall
Tuesday, April 17, 2018 7:30 AM HOLD Roundtable TBD City Hall Wilwerks - tentative
Tuesday, May 8, 2018 7:30 AM - 8:30
AM Board Meeting City Hall
Tuesday, May 15, 2018 8:30 AM - 9:30
AM
Participant Educational Program
TBD City Hall
Business Plan Development/Updates:
Dr. Christine Mollenkopf-Pigsley, PhD
Assistant Professor & Program Director- Applied
Organizational Studies
113 Armstrong Hall
Mankato, MN 56001
507-389-1563 (Office)
612-709-9164 (Mobile) Text or Voice
http://sbs.mnsu.edu/aos/
March
April
May
25
Date Time Meeting Location Event Details
Tuesday, June 12, 2018 7:30 AM Board Meeting City Hall
Tuesday, June 19, 2018 7:30 AM 2nd Quarter Work Session TBD City Hall
8:15AM - 9:00
AM Participant Breakfast City Hall
Tuesday, July 10, 2018 7:30 AM Board Meeting City Hall
Tuesday, July 17, 2018 7:30 AM HOLD Roundtable City Hall
Tuesday, August 14, 2018 7:30 AM Board Meeting City Hall
Tuesday, August 21, 2018 8:15 AM Participant Educational Program
TBD City Hall Financing for Start-up companies - Panel (tentative)
Tuesday, September 11, 2018 7:30 AM Board Meeting City Hall
Tuesday, September 18, 2018 7:30 AM 3rd Quarter Work Session TBD City Hall
8:15 AM - 9:00
AM Participant Breakfast City Hall
Tuesday, October 9, 2018 7:30 AM Board Meeting City Hall
TBA FAST-TRACK Challenge
Tuesday, October 16, 2018 7:30 AM HOLD Roundtable TBD City Hall
Tuesday, November 13, 2018 7:30 AM Board Meeting City Hall
Tuesday, November 20, 2018 8:15 AM HOLD Roundtable TBD City Hall
Tuesday, December 11, 2018 7:30 AM Board Meeting City Hall
Tuesday, December 18, 2018 7:30 AM 4th Quarter Work Session TBD City Hall
Tuesday, December 18, 2018 8:15 AM Participant Breakfast City Hall
December
June
July
August
September
October
November
26