Program Overview & Methodology

Overview

The North Texas Enterprise Center for Technology (NTEC) is a 501(c)(3) Not-for-Profit corporation that assists entrepreneurs with starting and growing new technology ventures. The Center specializes in medical- and clean technology and provides a broad base of support to entrepreneurs, both internally and through its extensive resource network.

Founded in 2003, NTEC has built a reputation as the leading medical technology accelerator in the Southwest. Since 2010, NTEC is also actively supporting “cleantech” ventures.  NTEC provides its program companies with a comprehensive suite of services and infrastructure enabling them to accelerate market entry and attract investment capital. NTEC program companies can access a wide range of business, academic, legal, marketing and financial partners and advisors that provide the niche specific expertise to help mitigate risk and accelerate new venture development.

NTEC is focused on the rapidly growing medical technology and clean technology sectors. Medical technology includes medical instruments and devices, diagnostic equipment, medical therapeutic devices, medical monitoring equipment, and other health related products. NTEC seeks out medical technologies which have the potential to become disruptive by leveraging the convergence of computer processing power, communications, software, and information technology. In cleantech, NTEC focuses similarly on game changing technologies, in particular on energy efficiency.

The North Texas Enterprise Center was founded through a public-private partnership between the Frisco Economic Development Corporation (FEDC) and Hall Financial Group, and is further supported by a contributor network of Stakeholders, Strategic Partners and individuals.

Methodology

NTEC’s facility is designed to provide its program companies with an entrepreneurial and collaborative environment, where founding teams interact with seasoned professionals, service providers and capital providers to address strategic and tactical issues. In addition to the facility and the services outlined earlier, NTEC serves the community and its partners through a variety of outreach and educational programs.

NTEC hosts or co-hosts numerous internal programs for its program companies and network, including CEO roundtables, brownbag lunch panel discussions, Stakeholder meetings, professional development series, executive education series, investment forums, and other training programs. We also participate in outward-facing events, such as our MedTech/CleanTech breakfasts and the annual MedTech New ventures conference, Medical Device Action Alliance, Business Plan Competitions, Angel Funding Forums, Technology Award Events, and other general technology and entrepreneurial seminars and training.

NTEC’s hands-on approach combines expertise and guidance in the areas of:

• Business Management
• Operations
• Regulatory Matters
• Manufacturing and Quality Control
• Funding
• Staffing
• Support Network
• Referrals

NTEC helps leading-edge companies grow by tailoring a suite of business services built around your corporate mission that enables your company to accelerate time to market, get the funding you need and outpace your competition.

From concept to commercialization, The North Texas Enterprise Center for Technology offers the only facility in the Southwest dedicated exclusively to assisting medtech and cleantech entrepreneurs with taking their concepts from start to market.