Posts Tagged ‘Isaac Barchas’

Austin Technology Incubator Congratulates the Six Austin Companies Chosen for SXSW Accelerator

Monday, February 13th, 2012

One month from yesterday, 66 companies will present and compete at the fourth annual SXSW Accelerator.  Austin is represented by six companies, Forecast, Hoot.Me, SceneTap LLC, Toopher.com, Tugg Inc. and Umbel Corp.  Hoot.Me, SceneTap and Toopher are all portfolio companies of the Austin Technology Incubator (ATI), a not-for-profit unit of the IC2 Institute of The University of Texas at Austin.

SXSW Accelerator, now in its fourth year, has become one of the Interactive conference’s marquee events, and has grown an entire Startup Village around its focus on showcasing up and coming companies.  In the past, ATI companies such as Spredfast have presented at Accelerator, which is a badge of honor for any selected company.  Accelerator has grown so competitive that over 670 submissions were received for this year’s group.

“We have supported the Accelerator program since inception, loving the idea of giving a spotlight to the next generation of Interactive powerhouse companies,” said Isaac Barchas, Director, Austin Technology Incubator.  “We are extremely proud to be actively involved in three of the six Austin companies represented this year.  This is just another example of the cohesion of the Austin technology community that we hope will show through in success of these six companies at Accelerator.”

About the ATI Backed Accelerator Companies:

Hoot.Me is a Facebook application that allows students to see what classmates are working on and collaborate by posting questions, group video conferencing, doodling, recording videos, and typing math equations via smart chat. Tutoring is also coming soon for the times when teachers and classmates can’t help!

SceneTap utilizes anonymous facial detection technology and video-based software to effectively track customer analytics in a venue or particular space, including crowd density, male to female ratio, and average age. It offers an administrative tool for operators and a social network for consumers.

Toopher is your virtual key ring – vastly improving online security and eliminating fraud and identity theft by using your phone’s location awareness to add another layer of security to passwords – all without leaving your pocket. A rare security tool you’ll actually want to use, it’s the future of mobile… today.

Contact:

Laura Beck for ATI

laurabeckcahoon@gmail.com

512-786-1098

Communicating Your Venture

Tuesday, November 8th, 2011

Last Thursday, November 3, we hosted the sixth meeting of our Entrepreneur’s Workshop here at ATI. A joint collaboration with the Rice Alliance and the Central Texas Angel Network, the Workshop meets weekly and offers aspiring entrepreneurs the opportunity to learn from experienced startup executives, investors and service professionals in a classroom setting. This has been a hugely successful resource for new entrepreneurs in the past: The founders of GameSalad, Inc. went through entrepreneurial training with the Rice Alliance team in 2009, moved into ATI and launched their now burgeoning company in 2010. This fall marks our seventh workshop.

At this meeting Robert McKee of the Rice Alliance and Isaac Barchas of ATI talked about effectively communicating the deal.

Their key points:

•     Tell the truth in a compelling way. Investors can detect exaggeration and will doubt your credibility if you overstate your financials.

•     You only have one minute to communicate your idea in the elevator pitch. Concentrate on sparking investors’ interest, stating the value proposition, target market, development stage and capital needs. Rehearsal is important. The pitch should sound natural but be repeatable.

•     The PowerPoint presentation should be 10 to 12 slides and 20 minutes long without Q&A. Be completely in command of your narrative, prepared to improvise if technology fails. Be able to state in a sentence what you want the investors to understand and remember from each slide.

Austin Technology Incubator Names Robert Reeves Director of IT Portfolio

Tuesday, September 20th, 2011

The Austin Technology Incubator (ATI), a part of the IC2 Institute of The University of Texas at Austin is pleased to announce the addition of Robert Reeves to head up its IT and Wireless Portfolio as Director.  Reeves joins ATI after being part of the incubator as a portfolio company, working with ATI to take Phurnace, the company he co-founded with Daniel Nelson, from inception to acquisition by BMC, in less than five years.

Reeves will primarily focus on bringing his real world entrepreneurial expertise to ATI member companies in the IT space, as well as supporting ATI wireless companies.  He, along with the full ATI team, focuses on aiding in market validation, product development, talent acquisition and fundraising efforts.  Reeves joins a strong ATI team that has 22 years of proven experience working with over 200 start-up companies, helping them raise over $750 million in capital.  Over just the past three years, 50 ATI member companies have received over $75 million in funding, and ATI alumni companies have had over $300 million in positive exists through acquisitions by large technology players such as IBM and BMC, which acquired Reeves’ company Phurnace.

Reeves, along with co-founder Daniel Nelson, brought their start-up, based on a unique Java development tool, to ATI after winning UT-Austin’s business plan competition.  Along with ATI, they grew and developed the company, solidifying the solutions, securing growth capital and bringing in experienced industry talent to help manage the business.  Phurnace was sold to BMC Software in 2009 for an 8x return to investors.  Phurnace Deliver, invented by Reeves, is an active product of BMC, providing middleware infrastructure management to companies such as Aetna, Bank of America and Wal-Mart.  

“My ATI experience was fantastic, and such a great success story all around of how the process should work, and what the results can be,” said Robert Reeves, Director, IT and Wireless Portfolio at the Austin Technology Incubator.  “The support that surrounds you and the energy in the halls is just infectious and I’m thrilled to be going back to ATI, to help pass on all I learned and experienced to other technology companies.” Beyond being an ATI portfolio company with Phurnace, Reeves was also an intern at ATI way back in the early 1990’s, so his ATI roots run deep.

The ATI IT Portfolio supports companies in as broad of categories as silicon metrology, chip architecture, server architecture, chip design and build tools, enterprise software, robot control systems, social network platforms, “enterprise 2.0” tools, gaming environment platforms, and “big data”/semantic web tools and platforms. There is also significant collaborative work with the Clean Energy and Bioscience portfolios.  Reeves will also provide support to ATI’s Wireless Portfolio, in concert with another new ATI addition, Kyle Cox, who leads ATI’s on campus activities, such as 3 Day Startup and the ATI-SEAL program (Student Entrepreneur Acceleration & Launch).  Reeves and Cox jointly replaced Bart Bohn, who formerly led these areas, and recently departed ATI to be COO of another ATI portfolio company, Ravel, which is focused on Big Data.

“I’m so thrilled to have Robert back at ATI, now on the “other side,” in a leadership role for our IT companies,” said Isaac Barchas, ATI Director.  “As we dive into our third decade, things are extremely bright at ATI.  We are growing our areas of focus and the value we provide, to levels that require expansion of our team and the addition of talent like Robert and Kyle Cox.  And we are watching our former colleagues move on to wonderful opportunities ATI helped foster, such as Bart’s role at the fast growing Ravel.”

CleanTX Forum: After the Gold Rush

Tuesday, May 10th, 2011

CleanTX Forum

Clean Tech: After the Gold Rush

Funding Clean Energy Start-ups Post-Bubble, Post Stimulus

Remember the 2008 gold rush? That was the banner year for clean tech investing. Not only did venture capital firms invest more than $6 billion in clean tech companies, but the Federal “stimulus” package included massive investments in clean energy: $11 billion for smart grid projects, $2 billion for electric car battery programs, $3.4 billion for “clean coal”.

Now all that’s over. In 2010 VCs invested $1 billion less in clean tech than they had in 2008. It’s doubtful that this year’s investment will hit even that level, as VC investment is down overall and investor sentiment seems to be moving against the sector. And Federal money? Forget about it. In the current budget climate, Federal dollars going to early-stage clean tech will almost certainly decline – witness the current proposal to slash the DOE’s $41 billion loan-guarantee program for renewable energy ventures.

So does this mean that, as the Wall Street Journal put it, “clean tech entrepreneurs caught in the valley of death are losing [their] lifeline?” Not necessarily. Clean tech is still one of the few trillion dollar opportunities out there, and capital wants to find good deals that can exploit that opportunity. But in today’s climate, clean tech executives will have to be more creative and more proactive in order to find those dollars.

Our May 25 CleanTX Forum addresses this new funding environment. Our panel features the traditional sources of private capital, venture capitalists and angel investors. But it also includes representation from some of the “new” sources of capital that clean tech companies may need to engage – strategic investors from the “old” energy industry, private equity firms looking for consolidation opportunities, and non-stimulus sources of public money.

We hope you can join us!

Moderator and Invited Speakers  
CleanTX Forum LogoModerator:  

Isaac Barchas, Director, The Austin Technology Incubator

Speakers:

Bill Ott, President & CEO, ActaCell

Kirk Brand Coburn, Managing Director, Efficient Energy Accelerator

Kevin Boston, Corporate Development and Strategy, Pason Systems Corp. 

Register Today  
When: May 25, 20115:00pm-6:00pm Networking Reception

6:00pm-8:30pm Panel Discussion

Where: Austin City Hall

301 W. Second Street

Austin, Texas 78701 

Cost: $20 Early Registration/General

$15 Early Registration/Student

$30 Late Registration/General (May 24th)

$ 25 Late Registration/Students (May 24th)

Please register early. No walk-in registrations at this event.

REGISTER HERE

ATI Director Contributes to WSJ – “In Race to Market, It Pays to be a Latecomer”

Thursday, January 20th, 2011

The Wall Street Journal’s Small Business editor and reporter Sarah Needleman called on ATI director Isaac Barchas for a Thursday morning piece trumpeting the wisdom of those who come (to market) later.

Paraphrasing, she wrote that while the pioneers have earliest access to the market, they also shoulder the task of not only defining the market, but pleasing it when, having never seen anything like it, customers’ own perceived risk is at its highest. The latecomers have the privilege of learning from the trailblazers’ folly.

Barchas contributed his trademark wisdom, likening the phenomena to the front lines of a battlefield.

Attempting to make history can backfire on a young company, adds Mr. Barchas. “A colloquial way of looking at this is being the first soldier on the lip of the trench. It’s a glorious and noble position, but it’s also dangerous.”

A shortened version of the article ran in the Marketplace section of Thursday’s WSJ print edition.

IBM and ATI Announce Partnership On Novel Summer Internship Program

Thursday, November 18th, 2010

In the summer of 2009, the Austin Technology Incubator, a not for profit arm of the University of Texas at Austin, and IBM experimented with a novel internship program.  Working with a team led by Manoj Saxena, vice president of global solutions for IBM and Founder/CEO of ATI Alumni Company Webify (acquired by IBM), ATI sourced and subsequently coached two University of Texas at Austin student interns that were hired by IBM.  The program was an outstanding success and the partnership continued in the summer of 2010.  Through this joint program between IBM and ATI, three well paid, value add, learning rich internships were created that would not have otherwise existed.

IBM and the University of Texas have 40 years of history together.  IBM’s Austin Research Lab, recruiting, conferences, diversity, community efforts, and state-of-the-art technology initiatives, including the university’s powerful new POWER5 processor-based academic supercomputer, are all part of the long-standing involvement between IBM and UT.

Manoj Saxena

Manoj Saxena

IBM found itself competing with not only paid but unpaid internships with smaller start-up and entrepreneurial companies so they decided to take an innovative approach by partnering with ATI.  ATI has been helping develop exciting new companies since their founding in 1989 and supports its companies by drawing on the deep networks that they have formed over the past 21 years, surrounding each newly admitted IT company with a team of experienced IT executives and successful entrepreneurs.   “Closer collaboration with the Austin Technology Incubator helps us identify talent early on in their careers while enabling the students to contribute their ideas and give a fresh vantage point to our business,” said Manoj Saxena, vice president of IBM.

In 2009, the interns along with IBM thought leaders collaboratively developed an industry leading Business Architecture Assessment Model that provides a benchmark for organizations to identify and measure both their capabilities and positioning among key dimensions of business.  Not only did the interns work with several top IBM fellows and vice presidents, they also successfully:

  • Developed a Business Architecture Assessment Model, including dimensions and definitions, interactive questioning, improvement roadmaps and a technology to maturity matrix
  • Identified needs and assisted with a structure for a white paper on Actionable Business Architecture
  • Identified an opportunity for IBM to sponsor ATI’s Clean Energy Venture Summit
  • Contributed concepts into IBM’s Business Agility Now!, a smarter planet imperative

We were so impressed with the caliber of students identified by ATI for this program that we continued with the program in the summer of 2010.  The interns vastly exceeded our expectations and delivered a usable end product within 90 days that usually takes significantly longer to complete,” said Kevin Daley, IBM Global Senior SOA & Solution Architect.

In 2010, the IBM-ATI Global Solutions summer intern was a former ATI – Clean Energy Incubator intern and among other things, and he assisted in Intellectual Property identification, market research, IBM’s Smarter Planet opportunities and worked directly with ATI.

Isaac Barchas

Isaac Barchas

We are thrilled the program worked well for IBM for several reasons including it assists in ATI’s mission to serve as a learning lab for University of Texas at Austin students interested in entrepreneurship, it enhances our relationship with a world renowned company that has a history of acquiring ATI companies, and allows us to stay engaged with alumni company founders like Mr. Saxena,” said Isaac Barchas, Executive Director of ATI.  “We look forward to many more years of partnering with IBM.  They have helped us create a model of building bridges via internships with large corporations interested in working with entrepreneurially minded staff and high quality start-up technology companies.”

MSN Highlights ATI and Member Company Savara at the Center of the City for Entrepreneurs

Tuesday, November 9th, 2010

The Business On Main crew from MSN captured a glimpse of Austin’s thriving entrepreneurial environment in the video below. The story featured ATI director Isaac Barchas and emerging ATI-Bioscience member Savara Pharmaceuticals through the eyes of CEO Rob Neville.

20 Companies Win Chance to Present at Clean Energy Venture Summit

Tuesday, September 21st, 2010

AUSTIN, TEXAS, September 21 – After an extensive evaluation of over 70 early stage clean energy companies from across the U.S., the fourth annual Clean Energy Venture Summit (CEVS), a partnership between The Austin Technology Incubator (ATI) and Austin Energy, has narrowed down its list to 20 clean tech companies.

“Companies that present at our Summit have a strong track record of receiving investment as a result of their participation,” said Isaac Barchas, director, Austin Technology Incubator. “The Summit’s utility industry linkages create a unique environment for emerging technology companies, venture capitalists and angel investors.”

The Clean Energy Venture Summit, to be held September 29-30 in Austin, Texas, has emerged as one of the most prolific funding resources of its kind in the country for emerging clean tech companies, resulting in $300,000 to $1 million of funding, on average, for each company selected to present to its audience of investors.

This year’s presenters include the following 20 companies:

Company Headquarters Web site

7Solar Woburn, Massachusetts  www.7solartech.com

AstroWatt Round Rock, Texas www.astrowatt.com

Convergence Wireless Corona Del Mar, California www.convergencewireless.com

Ener-G-Rotors, Inc. Rotterdam, New York www.ener-g-rotors.com

Enertaq Chevy Chase, Maryland www.enertaq.com

Enovative Kontrol Systems Venice, California www.enovativegroup.com

Greenlet New York City, New York (U.S) www.greenlettechnologies.com

Incenergy Austin, Texas www.incenergy.com

infiniRel Frisco, Texas www.infinirel.com

K Power Austin, Texas www.cmnapower.com

May-Ruben Technologies Las Vegas, Nevada www.may-rubentechnologies.com

Microstaq Austin, Texas www.microstaq.com

NetZero Energy Systems Ulster Park, New York www.thermalvault.com

PCM Innovations Longmont, Colorado www.esbits.com

Porteon Electric Vehicles, Inc. Portland, Oregon www.porteon.net

Prism Solar Highland, New York www.pythagoras-solar.com

Pythagoras Solar San Mateo, California www.pythagoras-solar.com

SunCentral Richmond, British Columbia, Canada www.suncentralinc.com

Sunnovations McLean, Virginia www.sunnovations.com

Tigo Energy Los Gatos, California www.tigoenergy.com


In addition to connecting entrepreneurs and investors, the Clean Energy Venture Summit serves as a gateway for early-stage companies to participate in the nationally acclaimed Pecan Street Project Energy Internet Demonstration, a non-profit smart grid and clean energy research and development organization headquartered at the University of Texas at Austin.

The summit includes a half-day entrepreneur workshop featuring presentations and panel discussions from investors, IP attorneys and other industry experts. Entrepreneurs have the opportunity to network with industry peers, investors and a range of clean energy leaders.

“This year’s 20 clean tech presenters come from across North America,” said Barchas. “Interest in Austin’s Pecan Street Project and exciting efforts by Austin Energy have drawn these companies to Austin.”

To register to attend, visit www.cleanenergyventuresummit.com.

The public can also follow summit news on Twitter, by typing in “@CEVS2010” and joining the conversation with “#CEVS2010”. Through the Web site, participants are able to connect with CEVS on Facebook and LinkedIn.

About the Austin Technology Incubator

The Austin Technology Incubator is a nonprofit unit of The University of Texas at Austin that harnesses business, government and academic resources to provide strategic counsel, operational guidance and infrastructure support to its member companies to help them transition from early stage ventures to successful technology businesses.

Since its founding in 1989, ATI has worked with over 200 companies, helping them raise close to $750 million in investor capital. ATI is a key program of the IC2 Institute at The University of Texas at Austin.

For more information, please visit: www.ati.utexas.edu.

About Austin Energy

Austin Energy is the nation’s 10th largest community-owned electric utility. Austin Energy powers the capital city of Texas through a diverse generation mix including nuclear, coal, natural gas and renewable energy sources. Located in Austin, TX, Austin Energy created the top performing renewable energy program in the nation and is committed to helping Austin become the Clean Energy Capital of the World.

The company owns the nation’s first and largest green building program and is home to one of the nation’s most comprehensive residential and commercial energy efficiency programs.

For further information, please visit: www.AustinEnergy.com.

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ABC News features ATI and member company, Spredfast, at center of Austin’s press to become “Silicon Valley 2.0″

Thursday, August 26th, 2010

ABC News tabbed the Austin Technology Incubator and its member company, Spredfast, Inc., as faces of Austin’s thriving technology-startup scene. Both ATI director Isaac Barchas and Spredfast co-founder Kenneth Cho contributed to the article.

Austin may not be the first place that comes to mind when you think of technology meccas. For years it was the home of the University of Texas Longhorns, the Live Music Capital of the World and “that place where Dell started.” But Austin has quietly grown into a city that attracts — and produces — some of the most…read the rest of the article here.

UT students Travis Measley and Caitlin Mangum, both members of Austin’s ABC News On Campus bureau, cowrote the article.