ITAC's Technology Practice
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 Practice can help through the following programs and services.
- NYC EnergyTech
- FastTrac® TechVenture™
- Capital Formation
- Market Research
- Technology Translation
- SBIR/STTR Consulting
- JumpStart Application Assistance
- University R&D Partnering
- Rapid Product Execution
FastTrac® TechVenture™
FastTrac® TechVenture™ is an intensive 11-week program for graduates of other FastTrac® programs which provides high-level assistance to CEOs who want to move their firms well beyond startup. Taught by financial, business and industry experts, this series of classes will provide a forum in which to discuss and develop strategies to address critical issues that they may be facing. It will enable them to strengthen their enterprise, pursue the right market opportunities, re-examine customer needs, build a stronger management team, discover the importance of protecting intellectual property, form strategic partnerships and gain access to resources who can assist with capital formation. Companies must be approved to attend the FastTrac® TechVenture™.
ITAC has been a certified provider of the Marion Ewing Kauffman Foundation’s FastTrac® entrepreneurship training programs in New York City for 10 years. 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
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
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
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.
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 Group coaches qualified companies in SBIR/STTR partnerships, strategy, proposal creation, application budget structure, and Phase 1 project management to encourage further awards.
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.
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.
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
- Eureka! Winning Ways
- Project management
- Rapid meeting training
- Lean Product Development
For more information about any of these programs or services, please contact Sharanda Didier at 212-442-2990 or email her at sdidier@itac.org.
