Incucomm Marks Third Birthday Amid Startup Chaos

Incucomm marked its third year in operation as a for profit incubator of early stage firms in March. Incucomm survived what many call a “nuclear winter” for startups, having outgrown two locations, and building a portfolio of young companies.

(PRWEB) March 27, 2003

(Richardson Texas) Incucomm marked its third year in operation as a for profit incubator of early stage firms in March. Incucomm survived what many call a “nuclear winter” for startups, having outgrown two locations, and building a portfolio of young companies. Incucomm’s current portfolio includes more than five companies ranging in maturity from “an idea” to post revenue. Most of the firms are in a stealth mode, but two firms plan to break stealth in a few weeks. These firms’ products, services, and solutions range from wireless LAN, enterprise networking, defense, mobile enterprise, and medical devices.

Incucomm’s Chief Technology Officer, John Volpi marked the occasion by noting the firm has over a dozen patents pending, either in its own portfolio, or in companies within the incubator. “We have found wide range of intellectual property strategies that make sense for startups, but we think it’s important to have a strategy. All our firms have some kind of patent or other intellectual property strategy.”

Matt Bowers, Incucomm’s VP of New Ventures, said Incucomm vetted hundreds of deals since its founding. “Deal flow has not been a problem, unless you call having lots of work to do a problem,” he said.

“I like Incucomm’s process discipline, their reach into large companies for strategic relationships, and their large roster of talent available to help a young company get started,” reports Larry Cain. Mr. Cain was the COO of MobileStar, and is currently heading an Incucomm startup in stealth mode. “Larry is characteristic of what we have seen from seasoned founders,” said Bowers. “The more they know about starting a company, the more they appreciate our process, and the other things available here.”

The company’s best-known portfolio company is Crinis Networks, which makes high speed networking gear. Crinis has built relationships with Sanyo, EDS, Anixter, and Texas Instruments. “We like our companies to have solid teaming deals with top tier players,” says Steve Roemerman, Incucomm’s CEO. Incucomm uses a proprietary process for the methodical development of new companies, which incorporates the hundreds of decisions young companies face, including building strategic relationships.

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