Incubation programs assist in diversifying economies, commercializing technologies, creating jobs, and building wealth. Incubators nurture young corporations, helping them to survive and grow during the start-up period when they are most vulnerable.
Yes, WTBC is a department under the Office of Research and Economic Development and located on the campus of University of Wyoming.
Companies that are interested in becoming incubator clients must complete the selection process and be approved by the WTBC board of directors. The process is initiated by conversations between the prospective client and the WTBC staff. Through a series of meetings, the staff will assess the suitability of the client, their goals, and their potential for growth. The prospective client will then develop and deliver a presentation to the WTBC board of directors. The presentation typically consists of a brief review of the company business plan, financial statements and projections, and an interview with the principals. Upon approval by the WTBC board of directors, the client will begin working with WTBC staff regarding logistics and a service agreement.
Clients sign one-year service agreements, which may be renewed annually. While there is no defined time limit regarding residency in the incubator, the WTBC is a business development program focused on high-growth firms. Each year the development objectives of the client are reviewed by the WTBC CEO and renewals are determined on a case-by-case basis. General criterion for exiting the incubator is when the company has reached a space limitation within the building or stabilized enough to ensure a move will not endanger the continued growth and development of the company. Most clients graduating from the incubator have begun to develop a management team and can project cash flow for at least 6 months.
WTBC has operated at or near full capacity since opening in 2006. Because business growth is dynamic, we are always interested in inquires and welcome the opportunity to learn about new businesses and entrepreneurs. Please contact us regarding your interest and space needs.
The cost varies depending on the type of service and space the client requires. Once this is established the WTBC creates a service agreement that the client will agree to and renew annually.
Space, access to building shared services, and one-on-one counseling combined with executive coaching services.
Six companies have graduated from the WTBC program.
-Falcon Technologies: Falcon Technologies was the first incubator and graduate company. They produce specialty computers for day traders. This organization has had a five-year growth rate of over 400% and was named to Inc. Magazine's 2009 Inc. 5000 list as the 686th fastest growing company in America and the 4th fastest growing company among computer hardware firms.
-Firehole Technologies: The second company to graduate from the WTBC is Firehole Technologies. Firehole is producing software used by composite material manufacturers to conduct fault analysis and improve the design of products. The company has shown strong growth and recently acquired CompositePro from Peak Composites, Inc. and has been awarded a contract with Lockheed-Martin as it develops the F-35 Joint Strike Fighter.
-Happy Jack Software: Happy Jack Software graduated from the WTBC in November 2010. Happy Jack Software specializes in developing Web-based software solutions and grew from two to 22 employees during its time located in the WTBC.
-Medicine Bow Technologies: Medicine Bow Technologies, graduated in December 2011. Medicine Bow Technologies, founded in 2006, provides solutions and products for regional clinics and healthcare practice hospitals. Medicine Bow Technologies also offers solutions and products for law firms, banks, and other technology dependent businesses.
-TigerTree: Our fifth graduate of the WTBC, TigerTree was created in 2007 as the direct result of winning the University of Wyoming's $10K Business Plan Competition presented by the College of Business. TigerTree is focused on caring for and protecting trees in Wyoming and the surrounding region. By looking for urban and forest solutions to tree health, TigerTree is able to preserve and protect the health of this natural resource, even in times of hardship such as the recent Mountain Pine Beetle infestation.
-Bright Agrotech: In May 2015 Bright Agrotech became the most recent graduate of the WTBC. Bright Agrotech was founded in 2009 and was the 2011 winner of the John P. Ellbogen $30K Entrenpreunership Competition presented by the University of Wyoming College of Business. Bright Agrotech, LLC has developed several products to encourage people to farm. Their products include the Hanging ZipGrowTM Tower and ZipGrow Matrix MediaTM Replacement. These hydroponic production towers are highly productive, modular, and are functional in a variety of plant production settings.
e2e sponsors will receive special recognition and other advertising benefits. For more information on becoming an e2e sponsor please contact Christine Langley, Chief Operating Officer at the WTBC.
e2e means entrepreneur to entrepreneur and is an educational networking program.
Educational networking programs are designed to improve the climate for the start-up and growth of entrepreneurial companies. At these events, ideas are shared, plans are developed, and many partnerships are formed.
Five meetings are held each year, per location, where entrepreneurs meet with other entrepreneurs and business service providers.
We have hosted speakers from a variety of different fields that are successful entrepreneurs or experts in their field. For example, Raghu Ramakrishnan, who is the Chief Scientist for Search and Cloud Platforms at Yahoo!, and is a Yahoo! Fellow, heading the Web Information Management research group. Another speaker, Larry Fenster, discussed his career as a private investor involved in several startup and early stage energy companies. Larry co-founded Natkin Energy Management. He has been involved in a number of mergers and acquisitions, several turnarounds, micro-seed stage funds, and has served on several prestigious boards.
Programs begin at 5:30 pm with 45 minutes of lively networking activity including hors d’oeuvres. The speaker program begins at 6:15 pm and is followed by an audience question and answers session. All programs conclude at 7:00 pm.
There are chapters in Laramie, Sheridan, Gillette, and Casper.
Please visit the current events page of the event you would like to attend or call 307-766-6395 to register.
Click here to be taken to our speaker submission page for more information on becoming or
recommending an e2e speaker.
The qualities of a successful e2e speaker are listed on our speaker submission page.
One-on-one business counseling is offered through the WTBC staff and is focused on sales and marketing, organizational structure, financial and information systems, and ongoing strategic planning. Early stage, high-growth companies will advance through predictable stages of business development. The WTBC can help businesses grow larger and faster than they would otherwise by helping the client understand the demands and achieve the goals of each stage. By striving to be business process experts rather than business sector experts, the WTBC can provide value to all types of companies regardless of their sector focus. The WTBC counseling differs depending on the client's stage of development.
At this time outreach counseling is a free service because it is currently being sponsored by an EDA University Center Grant.
Outreach services are offered statewide.
Yes, video conferencing is available, as well as Skype and FaceTime.