Contact us
TCO Accelerator
University of Utah
615 Arapeen #302,
SLC, UT 84108
801-587-0357
wayne.parris@tco.utah.edu
Our advantage
The TCO Accelerator offers many advantages to startup companies. The savings in time and money can be substantial when you use our services.
Cost advantage
Costs add up quickly for startup companies. Here are some estimated cost examples:
| Item | Low 3 yr cost | Typical 3 yr cost | High 3 yr cost |
|---|---|---|---|
| Rent in Reseach Park $24 sf/yr @ 10,000 sf | $720,000 | ||
| Rent in Reseach Park $22 sf/yr @ 6,000 sf | $396,000 | ||
| Rent in Reseach Park $20 sf/yr @ 5,000 sf | $300,000 | ||
| Build out-Lab space, cleanroom, offices | $250,000 | $300,000 | $350,000 |
| Equipment-Lab & prototyping | $250,000 | $400,000 | $500,000 |
| TOTAL | $800,000 | $1,096,000 | $1,570,000 |
| Average cost/month @ 36 month | $22,222 | $30,444 | $43,611 |
Accelerator advantage - Client companies are charged a fraction of the average monthly cost totals shown above. Also, costs are all inclusive including: office, lab, equipment, phone, internet and utilities.
Time advantage
Launching a startup company can be very time consuming. Here are estimates for time needed to complete essential tasks:
- Add 6-12 months to raise an additional $1 million for space, buildout, equipment.
- Add 1-3 months to find suitable office/lab/cleanroom space.
- Add 3-5 months to buildout office/lab space.
- Add 3-5 months to identify, locate, and purchase lab, analytical, prototyping, fabrication, measurement equipment.
- TOTAL = 13-25 months of additional time required to establish business infrastructure before any work begins.
What others are saying:
- "It takes an average of 21 months for established entrepreneurs to secure VC funding compared to 37 months for first-timers." (Read the Business Insider article)
Accelerator advantage - Everything's already built and installed. We're ready now. Everything is in place but you.