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ITAC's Technology Department

Your First Stop for Smart Commercialization

Whether you are a brilliant entrepreneur who creates technology, an innovative technology company with high growth potential, or a savvy manufacturer who understands the need for advanced technology to move your business to the next level, ITAC’s Technology Department can help through the following programs and services:


NYC EnergyTech

NYC EnergyTech is ITAC's program to help local firms accelerate new, clean-energy technologies to market. NYC EnergyTech is supported by a grant from New York State Energy Research and Development Authority (NYSERDA). Click here for more information.

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FastTrac® Entrepreneurship Programs

ITAC has been a certified provider of the Marion Ewing Kauffman Foundation’s FastTrac® entrepreneurship training programs in New York City for 10 years. To date, over 300 companies have completed our customized entrepreneurship training programs and have collectively raised in excess of $100 million in venture capital funding. Our programs are customized to include access to a host of integrated services. Typically, classes combine small group presentations with prominent guest speakers, one-on-one coaching, and peer learning to guide entrepreneurs to produce business plans and presentations that incorporate expert strategies and contain the critical information that investors require. By interacting with angel investors, venture capitalists, and business experts, companies learn to:

  • Identify and apply for R&D grants with strategic university partners
  • Understand intellectual property issues
  • Prepare wisely for debt or equity financing

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Capital Formation

Competition for early-stage funding is tougher than ever, and you must have a plan to sustain your operations through the commercialization of your next product. Whether your firm is bootstrapping or actively seeking to close a venture round, we can help you to develop a winning strategy to attract funding.

  • Venture capital readiness assessment
  • Business plan and presentation consulting
  • Capital strategy coaching
  • Financial modeling
  • Access meetings with ITAC partners on debt, lines of credit, factoring, and equity capital for eligible companies
  • R&D grant funding advising

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Market Research

Funded companies demonstrate a new product’s potential market and market share opportunity by doing their homework, not through guesswork. Solid market research is a key component for a successful business plan, SBIR application, or presentation to potential investors. We can design a “right-sized” market research project to suit your needs and budget.

  • Market size and segment analysis
  • Target pricing
  • Competitive analysis
  • Trend identification

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Technology Translation

ITAC works closely with research centers at universities throughout the city and state to match our clients with top researchers in their field. These research partnerships increase the competitive advantages of new products, and facilitate early-stage R&D funding applications. Technology Translation services at ITAC include SBIR/STTR consulting.

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SBIR/STTR Consulting

ITAC is one of three organizations in New York State funded to help companies to compete aggressively to win federal Small Business Innovation Research (SBIR) research dollars. ITAC’s Technology Department coaches qualified companies in SBIR/STTR partnerships, strategy, proposal creation, application budget structure, and Phase 1 project management to encourage further awards.

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JumpStart

The JumpStart program of the Cornell Center for Materials Research (CCMR) helps small New York businesses to develop ongoing collaborations with university research centers. JumpStart companies can be awarded a one-semester university-industry project and up to $5,000 in matching state funds. JumpStart applications are accepted in June and October.

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University R&D Partnering

As New York City’s Regional Technology Development Center (RTDC), ITAC works closely with the State’s Centers for Advanced Technology (CATs) and related research centers. ITAC specialists can help you to find world-class research partners for projects and grant applications, and can assist with university-industry project management and NYSTAR Technology Transfer Incentive Program (TTIP) applications to fund promising research commercialization projects. University partners are also able to perform technology validation for companies requiring proof of concept or FMEA.

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Rapid Product Execution

Technology firms must maintain excellence through growth and external pressures—overseas competition, trade show deadlines, and investors pushing for fast revenue growth. ITAC’s Rapid Product Execution services can help you to stay competitive in the midst of chaos through:

  • Rapid Product Execution coaching
  • Project management
  • Rapid meeting training
  • Lean Product Development

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ITAC is funded by: National Institute of Science and TechnologyNew York State Foundation for Science, Technology and Innovation

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Use technology to take your company to the next level!

Tech Clients Report:

  • Increased sales
  • Increased profits
  • Improved cash flow
  • Focused approach to growth
  • Strengthened control of business
  • Improved managerial infrastructure
  • New financing
  • Improved utilization of space
John Haller, Founder PortableApps.com “ITAC gelled all I needed in every aspect of my firm — legal, financial and organizational — and paired me up with the resources I needed to make it happen.” John Haller, Founder
PortableApps.com
“The FastTrac speakers were excellent — able to break down the components of a successful business into easy-to-understand pieces.” Lucien Harriot, President
Mechanism Digital

 

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