Management Services

Probably the greatest value NTEC brings to its Program Companies revolves around the direct and network-provided management support services. These services cover a broad spectrum of emerging company activities and are custom-designed for each Program Company to ensure the highest and best use of company resources and investor equity.

NTEC's management services are focused on business execution, risk mitigation, best practices and business acceleration. NTEC Program Companies will undergo a complete business assessment, in order to identify "gaps" in company resources and experience. NTEC will then design a service delivery and performance tracking plan to help ensure that your business model objectives and funding milestones are achieved.

Utilizing the proven experience of NTEC's management team and the support from NTEC's Board of Directors, Advisory Board, advisory team and extensive resource network, NTEC will provide your company with direct business assistance and counsel that includes:

1. Business "Gap" Analysis - The business "Gap" analysis is an NTEC process designed to support your company with the identification of critical success factors, including long and short-term strategic action plans, and their related "gaps" or areas of need that must be addressed to enhance your company's likelihood of success.  Based on specific information from the due diligence process, your company will be provided a framework to guide the growth and development of the business at the beginning of your tenure with NTEC.  Further, NTEC will assist your company with establishing and tracking business milestones necessary for the execution of your business plan.
2. Business Plan Enhancement - A credible business plan has been proven to be a major factor in the success of small start-up companies.  NTEC staff will assist your company in developing a professional and realistic plan for the purpose of raising capital and guiding your company.
3. Mentoring - One of the key factors towards enabling entrepreneurial success are regular meetings with the advisory team assigned to your company to review current business status and address issues before they become a detriment to business success.  NTEC's advisory team will provide support and advice to assist with the execution of your business plan and will also work with your company to creatively develop proactive methods for solving problems thus accelerating your company's time to market thereby increasing the likelihood of business success.  The advisory team will meet with your company no less than quarterly (and often more frequently on a less formal basis) using a formalized continuous improvement process to address your company established milestones and "gaps" in the business capabilities.
4. Management Team and Boards - NTEC staff, Board of Directors, advisory team, service providers, and Advisory Board will use their established relationships within the business and technical community to help your company locate appropriate executives, and other staff and Board members needed by your company.  NTEC will also assist your company in interviewing management team candidates and potential Board members.
5. Investment Capital - Access to start-up capital is fundamental to the success of any entrepreneurial business venture.   NTEC will identify and help gain access to qualified angel investors, venture capital, joint venture partners, and traditional financial services providers through its expansive network.  Further, NTEC is a partner with area and statewide angel syndicates and can assist your company with gaining access to presentation opportunities at angel funding forums.  In the event NTEC raises a "seed fund," your company will be eligible for consideration of investment by the seed fund, after successfully completing due diligence.
6. Business Development Tools and Resources - NTEC maintains an extensive library of business development tools, templates, and reference materials that are available to assist your company with addressing the various management challenges that arise as the business grows.
7. Direct Consulting Services - As your company execute the business plan, NTEC mentors and network partners are available, for a discounted fee, to assist your company with day-to-day and strategic business operations such as negotiations, finance, accounting, regulatory affairs, quality control, clinical studies, etc.
8. Intern Support - Through partnerships with area universities, NTEC can provide a core group of graduate level students to serve as interns to conduct research and provide daily support as a staff extension for your company.
9. Professional Service Provider Network - Your company will be provided access to legal, accounting and consulting services and advice as well as access to other key products and services needed by emerging, high-growth businesses. These service providers will be screened to insure a high level of value added support and will provide initial consultations pro bono.  Further, should your company elect to engage a member(s) of NTEC's Service Provider Network, your company will be eligible for discounted rates.
10. Management Training - NTEC will provide your company with regularly scheduled educational events geared towards improving the general management and operational skills of its team.
11. CEOMeetings - CEO Meetings will be conducted on a regular basis with NTEC staff, network partners and your company.  These meetings will allow your company to collectively develop innovative short- and long-term solutions to strategic business issues.  Further, information gathered during these meetings will be accumulated into a knowledge database for future use by your company and others in NTEC.
12. Business Seminars, Conferences and Events - NTEC will conduct or co-sponsor business seminars, conferences, and events with nationally recognized business leaders. Topics will be developed to provide relevance to your company while promoting and marketing your company locally, regionally, and nationally.