Resource Spotlight: High Tech Rochester
High Tech Rochester
Starting a new business is never easy. It takes more than a good idea or product, even if you have prior business experience. Fortunately for those in the Rochester area, High Tech Rochester exists. The non-profit organization provides a wide variety of resources from business-plan assessment to wet lab facilities in order to facilitate growth and economic development for high-tech start-ups as well as established manufacturing companies in the Finger Lakes Region.
Founded in 1987, High Tech Rochester (HTR) has a 25-year history of nurturing new technology companies and start-ups. It was originally organized by three of the area’s institutions, the Greater Rochester Chamber of Commerce, Rochester Institute of Technology, and the University of Rochester. In the 1990s, HTR joined the national Manufacturer Extension Partnership (MEP) program, which offers expert consulting assistance and resources to small- and medium-sized manufacturers. High Tech Rochester took on its current organization in 2007, when corporate restructuring resulted in the University of Rochester becoming sole member and the Board of Directors expanded to include key regional players.
HTR has two business incubators, the Lennox Tech Enterprise Center (TEC) and the Rochester BioVenture Center (RBC). The TEC is a 50,000-square-foot Class A facility where HTR’s administrative offices are housed and where it hosts many of its training programs, workshops, and events. The RBC is unique as it is the first technology incubator in the region with wet lab facilities, which allows HTR to promote and facilitate the growth of early-stage life science companies.
A unique aspect of HTR is its ability to help companies all along the commercialization curve. HTR breaks down its services into the Innovate, Incubate, and Grow stages, which is where a start-up or manufacturing company can usually place itself. HTR can guide companies through the entire business building process, providing services and facilities along the way. The Innovate stage includes workshops and coaching for companies just starting out: market opportunity assessment, pre-seed workshops, business plan development, technology commercialization, and funding assistance.
The Incubate stage includes services such as business incubation where start-up clients can lease office and lab space at the HTR facilities. HTR also offers an entrepreneur affiliates program that allows access to business incubation resources and provides start-ups with a corporate mailing address and facilities for meetings, as needed. In addition, the Incubate stage tries to facilitate company leadership through Entrepreneur-in-Residence programs that pair experienced entrepreneurs in the area as mentors with start-ups to help address immediate challenges. It’s a great networking opportunity that provides valuable relationships.
Finally, there is the Grow stage which is targeted primarily to small- and medium-sized manufacturing companies. HTR provides programs to improve productivity and reduce the waste of time and resources, as well as services targeted for design and prototyping.
High Tech Rochester is able to truly support and help technology companies grow through its blend of facilities, experience, and relationship building. While starting a business may never be easy, being aware of the extensive resources available in your area, such as HTR, can certainly increase the probability of success.
For more information:
Visit www.htr.org or call 585.214.2400