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For Entrepreneurs

bwtech@UMBC is committed to helping high potential early-stage technology and bioscience companies to succeed in commercializing their technologies and thrive in an increasingly competitive marketplace. Going beyond traditional business incubation, bwtech@UMBC’s model includes an active, milestone-based approach to business mentoring (SmartTrack) and a personalized fundraising approach that includes access to an extensive network of public and private investment professionals (SmartCap).

 

SmartTrack^SM
Companies that enter into one of bwtech’s incubator programs are expected to participate in the SmartTrack program. Designed to provide guidance and support to entrepreneurs and enable enterprise growth, the SmartTrack program draws on an extensive network of experienced mentors and business service providers across all business sectors. Business services are offered strategically, based on the unique demands of each company, and delivered using a milestone-based approach that allows the entrepreneur to maintain focus and plan for future growth. Services offered include business planning, finance, accounting, legal, and marketing/PR. Most services are offered either pro bono or at a reduced rate. Components of the SmartTrack program:

• review a company’s business plan
• establish a business advisory board
• identify business deficiencies
• create a sustainable financial model
• set company milestones
• evaluate progress

 

SmartCap^SM
bwtech’s SmartCap program is designed to provide value and support to client company executives that are seeking capital, throughout the entire fundraising process. Directed by our experienced entrepreneurial services team, and supported by a mentor network that includes experienced investment professionals, the program provides each company with a tailored approach that emphasizes a capital-efficient business model and enables entrepreneurs to realize the most productive capitalization of their business. Components of the SmartCap program:

• identify funding needs, fit with various forms of capital
• develop a formal capital access plan
• navigate the maze of public and private funding sources
• prepare entrepreneurs for the opportunity to meet with investors
• advocate on an entrepreneur’s behalf and make investor introductions
• advise companies throughout the term-sheet negotiation process

 

 

© 2009 bwtech@UMBC, 5523 Research Park Drive, Suite 310, Baltimore, MD 21228 • 410-455-5900 • Email: bwtech@umbc.edu