On March 1, 2017, NTEC handed the reigns of entrepreneurial creation and support back into hands of the Frisco Economic Development Corporation and their new management partner, Launch Pad City.
NTEC has served Frisco, and the North Texas community, since 2002. First as a medical device and life sciences incubator, then as a mixed-use incubator and later-stage accelerator (2013).
Since 2013, our mission was to expand and diversify the city’s economic base by providing a select group of high-potential startups with the guidance, access and resources they needed to grow into significant contributors to Frisco’s vibrant business community.
In 2015, NTEC’s direct economic impact on Collin County was measured at $55M, with a contribution to the larger five-county region coming in at $117M. (see the full report here)
In 2016, NTEC assisted five companies to the point of launch readiness, representing 33,600 square feet of office space, 112 high-tech jobs (80 in Frisco), and over $40M dollars in funding.
Also in 2016, we partnered with Parish Episcopal School and the Guild Of Software Architects to present “hack|ED ntx,” a hackathon focused on education, innovation and collaboration. The event, which featured thought leaders from SMU, DIALEXA, Robot Entertainment, Fossil, and GrowthX, proved to be very popular, and it will continue to serve as a model for future events.
In closing, we would like to extend our heartfelt gratitude to our team of advisors, who have remained truly engaged and continue to make a difference throughout our community.
We would also like to thank NTEC’s program companies, all of whom have been a privilege to work with in both the good and tough times. And, finally, we want to wish our successors all the greatest success in their new journey.
– The NTEC Team