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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
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06/30/2008 - Sirti Graduations Create Available Space

Sirti, the Inland Northwest’s technology business accelerator, boasts a client success rate – client companies who are still in business after five years -- of about 68%. The national average is below 44%. The percentage of client companies growing and prospering in just the last few years is much higher. As they prosper, Sirti tenants “graduate” and move into commercial space, and many remain within the Terabyte Triangle.

Two Sirti tenants have grown large and are in the process of “graduating”, leaving space available in both the Sirti building at 665 N Riverpoint Blvd, and the Sirti Technology Center (STC) at 120 N Pine Street, both on the Riverpoint Campus. MatriCal, which designs and builds a line of drug discovery instruments and consumables for the life science research market, will be moving down Spokane Falls Boulevard to Riverwalk – freeing around 9,000 square feet. Signature Genomic Laboratories, which operates a state-of-the-art molecular cytogenetic diagnostic laboratory and provides the SignatureChip testing technology, will free space in the STC. Signature Genomics grew from a few employees to more than sixty during their stay at the STC. Remaining tenants will shuffle around a bit, but there will remain about 10,000 square feet of space in the Sirti building on Riverpoint Boulevard and 3,500 square feet in the Sirti Technology Center..

According to Tim Williams, Sirti director of administration and finance, “Sirti is a great location for both start-up and high-growth companies to locate because of the business incubation environment and its central location in the University District and the Innovation Partnership Zone. We can accommodate the true start-up as well as the technology-based companies that are growing at such a pace that they need to focus their limited resources on managing their growth rather than their facility and IT infrastructure.”

The 3,500 sq. ft. space in the STC is a light manufacturing space / office space with loading bays and industrial doors which would lend itself to a larger high-growth tenant.

The space in the Sirti building has a mix of possibilities. The space mix includes wet laboratories with ventilating hoods, a clean room, office spaces, and high bay spaces with mezzanine lofts that can be used in a number of different ways. “These are ‘creative’ spaces,” says Williams, “and the mezzanines have the best view of marmots in the city with its location on the Spokane River.” Sirti will be as flexible as possible in space configuration.

Rents are “market rate” with short flexible leases and a host of Sirti services. “We provide the entire business infrastructure so the client company only has to concentrate on their business,” says Williams. Sirti accelerator services include help with bookkeeping and accounting, business and patent legal services through their IP/BizNet program, business coaching, Internet technology, IP phones, and market and brand development. Basic business service is there as well – the copy machine, printers,conference rooms, and a work room. The creative atmosphere, problem/solution sharing between small technology companies, and the sense of community and camaraderie are free.

“We fill our space; graduate companies, then the cycle of innovation starts all over with a new group,” says Williams. “There seems to be no decrease in client business ideas over time. We are seeing a lot of growth in the areas we serve outside of Spokane as well – in the Tri-Cities, Sandpoint, Pullman, Moscow, and Wenatchee.”

To learn more about the Sirti and STC space available, call Tim Williams at (509) 358-2000. To learn more about Sirti, visit www.sirti.org.

Billie Moreland
 
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