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Sirti Bestows Award of Honor
October 21, 2010. Billie Moreland, PhD, of Billie Moreland and Associates and Steve Simmons, PhD, E...

Triangle %u201CGraduates%u201D at Sweet Sixteen
The Idea (1994)
In June 1994, while on a layover in the San Francisco airport, Dr. Steve Simmons cam...

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10/31/2007 - Graduations Surge at Sirti

Seven client companies graduated from Sirti in 2007. Even so, the Sirti buildings remain at a high rate of occupancy. “We have some new and exciting technology-based companies,” says Linda Hemingway, Director of Market Development and Communications, “it’s a wonderful creative place for business and learning.”

The secret to Sirti’s acceleration capabilities is their expert staff. Client services are all provided by people who have “been there and done that.” “The Sirti staff will immerse themselves in a business to get it off the ground, up and running, and healthy for success,” says Hemingway. Sirti staff will guide the company through what they call the “innovation continuum model.” This model goes from idea to profitability, moving through assessment, prototypes to production; and through product development, market development, and business planning. The Market Development department will help with all manner of branding – from logos to trade show booths.

The Sirti accelerator company will be innovative, have intellectual property, have a large market potential, and the founders must be dedicated and hungry for success. Sirti accelerates innovative companies causing the move from concept to payback shorter, less painful, and the payback larger. Sirti specializes in technology companies, but other innovative companies are part of the mix. Once accepted as a Sirti accelerator company, the business might choose to locate on campus in either the Sirti Building at 665 N Riverpoint Boulevard or in the nearby Sirti Technology Center. Tenants pay market rates for space, but they have the advantage of being near the Sirti expert staff, and neighbors of other small innovative businesses for convenient sharing of ideas, problems, and solutions. If the accelerator company is off campus or “virtual”, Sirti expert services are free. Companies are expected to “graduate” in three years or less – with the exception of biomedical companies whose maturation takes longer.

Sirti has several programs of business tools. These tools are like MBA level courses -- taught one-on-one – on a needed topic. These could include strategic selling, key influences, value propositions, pricing, various business best practices, financial modeling, and production values. The knowledge is freely given by the Sirti staff or by a member of the Sirti service provider network.

Sirti has recently become more proactive in identifying access to capital. They are playing an important role in finding angel and venture funds throughout the Northwest that are possible funding sources for Sirti companies. They also have their Sirti Technology Growth fund. Sirti will work with their companies to access SBIR/STTR grants.

Watch for Sirti’s new signage. Weather permitting; signs with Sirti’s new logo should be up before Thanksgiving. In addition to building signs, there will be banners with the new U-district logo, Innovation Zone banners, and banners for all of the Riverpoint campus’s tenant universities. “This will give the sense of being in a true university environment,” says Hemingway.

To learn more about Sirti, visit www.sirti.org.

Billie Moreland
 
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