Home > Programs & Services > Technology

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.

ITAC Virtual Incubator Program (VIP) Orientation

ITAC VIP Orientation for technology firms and entrepreneurs. Through it, you will learn how your company can benefit from working with us, our approach to commercialization, and what government funding is available to help develop your products. What happens at VIP Orientation? You will:

  • Take a snapshot of your business
  • Learn about commercializing technology in NY
  • Find out about how to attract investment
  • Discover government R&D grant funding options

Back to top

FastTrac® Master Class

FastTrac® Master Class 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® Master Class.

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

Back to to

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

Back to top

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

Back to top

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.

Back to top

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.

Back to top

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.

Back to top

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.

Back to top

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:

Back to top

For more information about any of these programs or services, please contact Veronica Price at 212-442-2990 or email her at vprice@itac.org.

National Institute of Science and TechnologyNew York State Foundation for Science, Technology and Innovation

Text Size A A

Use technology to take your company to the next level!

FastTrac® Master Class Begins Weds, March 25 2009

 

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.comDownload Buried Treasure NYC's Hidden Technology Sector

Download Buried Treasure: NYC’s Hidden Technology Sector

“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
Join our mailing list Ask an Expert: Free Business Research