Whats Up Here at NACET

Our last quarter has been extremely busy with the number of approved NACET clients increasing an astounding 40% in the last seven months.  New clients include Sedona Energy Labs, Protein Genomics and Arizona Synthetic Fuels.  These companies are creating new solar technologies, methanol fuel technologies to decrease CO2 emissions and even researching the growing of human skin and blood vessels for wound closure.  NACET’s client list now includes a total of 15 internal and affiliate clients with almost a dozen more going through the evaluation process which is quite methodical.  Since reaching an occupancy rate of 93% last year, we then graduated our largest client who had taken up 62% of available space as incubators should.  We now have rented or committed 53% of the available space in the facility in only two and a half months!  Additionally, the Flagstaff City Council has given approval for NACET to now compliment its high technology focus with a mixed use model.  Under this arrangement, NACET will continue to provide assistance not only to companies working to commercialize technologies both domestically and internationally but also service based companies or companies who may not center solely on technology.  NACET will also continue to function as the Technology Transfer Office for NAU and continues to assist with the commercialization of those technologies.

Several NACET clients are closing funding rounds including Ambature who completed raising a $2 million round.  Their CEO Mr. Joe Byers was the first speaker in our new Executive Speaker Series that occurs every quarter at the College of Business at NAU.  Mr. Byers not only spent the last 31 years as Vice President at Hewlett-Packard overseeing all of their international technology commercialization but was the lead inventor of the 32-bit computer chip.  Mr. Michael Zervas, CEO of Mountain Heart Cardiology will be our next executive speaker on April 19th at 6:00pm at NAU.
During the next quarter, NACET will continue to identify appropriate clients for its facility and further develop its Mentor’s Council.  The Mentor’s Council is an opportunity for business people to provide pro-bono time and seminars to companies in the community.  So far, over 25 individuals have signed up for this program including attorneys, CPAs, marketing experts, commercialization specialists and others.  You can find the list at http://www.nacet.org/about/core-consulting-team/mentor-2/