A Technology Venture Development Company

[ News Releases ]

NANOMECH RECEIVES NAVY CONTRACT
December 2009

The United States Department of Agriculture Supports Phase II SBIR Grant for Low Cost Production of Yeast from Rice Bran
October 2009

HerbiScreenTM Uses Novel Biochip to Help Streamline Safety Testing for Herbicides in the World’s Food and Water Supply
September 2009

SFC Fluidics®, LLC Receives Funding from US Army for Development of Traumatic Brain Injury Diagnostic Device
September 2009

Vegrandis, LLC Awarded Phase I Grant from the National Institutes of Health to Develop Tool for Cell Electrophysiology Studies
August 2009

U.S. Marine Corps Awards Phase I SBIR Contract to NanoMech
August 2009

BioDetection Instruments, LLC Will Develop a Portable Instrument to Screen Poultry for Avian Influenza
July 2009

Dignitaries Attend Ribbon Cutting for New Headquarters
June 2009

Vegrandis, LLC Garners Subcontract for Development of Biosensor for Biowarfare Agent Detection System
May 2009

Duralor® Opens Arkansas’s First Nanomanufacturing Operation
May 2009

Fayetteville Technology Company Receives $1.5 Million in Recent Grants for Technology Development
April 2009

Technology Executive and Entrepreneur, James M. Phillips, Joins NanoMech as Chairman of the Board
March 2009

» More

[ Other Related News ]

SFC Fluidics Working on Mobile Brain Injury Device

Duralor opens Arkansas's first nanomanufacturing operation: Facility will also house NanoMech’s headquarters and research laboratories

Duralor Product Changes Metal-machining Industry

NanoMech Keeping Tools Tough

Tech By BlueInGreen Betters Water, Wildlife

Duralor Plans Springdale Headquarters, Will Add 110 Workers

DOE to Provide up to $21.5 Million for Research to Improve Fuel Efficiency of Light-Duty Vehicle Engines

[ Portfolio Companies ]

BlueInGreen

BioDetection Instruments

Duralor

GuardInFresh

NanoMech

SFC Fluidics

Vegrandis

[ Browser Tools ]

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Services Permanent Management



    Traditional Business Model The Virtual Incubation Model
    Skill and Experience Costly, to find individuals who bring the right combination of high-level management skills and relevant experience to startup company early in development. The VIC team brings extensive experience across financial, operations, marketing, capital acquisition, and technology management arenas.
    Processes specifically developed for early-stage technology core companies:
  • Communications and team-building
  • Operations
  • Partners (investor community, accounting, legal, graphic design and image building, technology, etc.)
    		•
    Flexible Resource Not flexible: Long-term contracts, employee benefits, fixed job descriptions, paid time off, and other benefits needed to attract permanent full-time senior managers. Flexible:
  • Adjust level of work and expenses based on needs and changing financial situation
  • Adjust areas of emphasis as needs of company changes, e.g., focus shifts from capital acquisition to technology development to marketing.
    		•
    Motivation Salaries, stock options, bonus plans. Typically risk adverse. Equity ties — VIC makes profit if and only if portfolio company succeeds. VIC is better able to withstand uncertainty and risk as portfolio company hits roadblocks that could scare risk-adverse employees away.
    Cost Comparison Significant overheads (equipment, facilities, utilities, administration). Significantly lower overhead.
    Training costs high. In addition to training in the company specifics, many employees seek career advancement related training. Low training costs. Experienced personnel. No career advancement related training costs.
    Significant legal liabilities. Low legal liabilities.
    Time on task is low; significant time is spent each day on breaks, personal e-mail, socializing, and "overhead tasks" (e.g. defragmenting and backing up PC hard drives, etc.) Time on task is very high – time is money to VIC team, plus "overhead tasks" are not charged to portfolio company. Time management skills of VIC team are high (task oriented, focused, used to working under time constraints).
    High recruiting and replacement costs. Estimated average cost to replace an employee is greater than 150% of person’s base salary (including recruiting and training costs). Low replacement costs. If one team member leaves VIC (and hence is no longer available to the portfolio company) the other team members can take up the slack. Further, VIC assumes the cost of identifying and training the replacement.
    Fixed cash requirements (typical); late payment can be disastrous for employee morale; reduced cash not an option. Cash requirements are negotiable. Partial payment in equity is negotiable.

    Services provided to Portfolio Companies:


  • Fundraising – Private Investors, Venture Capitalists, Corporate Investors, and Grants
  • Product and Technology Development Plan
  • Technical Writing and Proposal Development
  • Risk Analysis
  • Business Plan Development
  • Project Management and Planning
  • Marketing Plan Development
  • Market Research
  • Technology Applications Research
  • Organization Development Strategy and Guidance
  • Management Support and Coordination
  • Human Resources
  • Graphic Design and Communications
  • Operations
  • Financial Management
  • Accounting
  • Information Technology and Computer Programming
  • Recruiting
  • Technology Assessment



    When to Transition to a Permanent Management Team:
  • Technical proof of concept complete
  • Market proof of concept complete
  • Adequate capital in place
  • Company infrastructure in place
  • Time demand for given managerial role greater than 50% of full-time

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© Virtual Incubation Company, LLC ∙ 535 W. Research Center Blvd. Suite 135 Fayetteville AR 72701 ∙ Tel: 479-571-2592 Fax: 479-571-8814