ATI, Rice Alliance and CTAN Partner to promote Second Annual Entrepreneurial Workshop

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The Austin Technology Incubator (ATI), the Rice Alliance and The Central Texas Angel Network (CTAN) released topics for eight start-up workshops designed to teach entrepreneurs about the processes involved in creating a business. The clinic will span eight days, every Thursday from four until six in the afternoon between April 30 and June 18 at the MCC Building.

The Austin Technology Incubator (ATI), the Rice Alliance and The Central Texas Angel Network (CTAN) released topics for eight start-up workshops designed to teach entrepreneurs about the processes involved in creating a business. The clinic will span eight days, every Thursday from four until six in the afternoon between April 30 and June 18 at the MCC Building.

"The Entrepreneur's Workshop is a tremendous resource for the Austin entrepreneurial community. The Workshop affords aspiring entrepreneurs the opportunity to learn from experienced start-up executives, investors, and service professionals in a classroom setting, followed by followed by an opportunity to deliver an elevator pitch to investors during the last lesson," says Sunday Yokubaitis, chair person for the Austin chapter of the Rice Alliance. "Last year's entrepreneur education event was a huge success," added Isaac Barchas, Director of the Austin Technology Incubator. "We are in a unique position to leverage 20 years of tech entrepreneurship in Austin to provide the next generation a solid foundation to ride out the downturn."

The seminars answer problems faced by entrepreneurs; provide real-world mentors; and enable a more fluid transition from classroom to workroom. Mentors, Jamie Rhodes, Robert McKee, Bob Bridge, Jay Lamy, Isaac Barchas and Shannon Vale will begin by outlining the basics with a CEO panel discussion of lessons learned. As the courses progress, they will delve further into the specifics of business creation and ownership to cover: finance, accounting, business plan construction, market identification, building a successful team, funding, legal issues, partners, investors and more.

"The Central Texas Angel Network is very pleased to see the Austin Technology Incubator and the Rice Alliance, long recognized as the premier organizations for entrepreneur education, provide such a high quality course in Austin for a price any serious entrepreneur can easily afford," says Jamie Rhodes, chair of the Central Texas Angel Network, who will speak and serve as a mentor at the event.

About the Austin Technology Incubator
Since its founding in 1989, ATI has worked with over 200 companies, which have raised over $750 million in investor capital while at the Incubator. During the last eight months of the 2007/08 fiscal year, ATI worked with 28 companies, which raised $24 million in capital and created 150 jobs in central Texas. Economists estimated that this was worth $37 million in economic impact to Austin.

About the Rice Alliance for Technology and Entrepreneurship
The Rice Alliance for Technology and Entrepreneurship is Rice University's flagship initiative devoted to the support of entrepreneurship. The Rice Alliance's mission is to provide entrepreneurship education and to support the commercialization of technology innovations and the creation of new companies in the Texas and Houston region. Since its inception in 1999, the Rice Alliance has assisted in the launch of more than 230 new technology companies, which have raised more than half a billion dollars in early stage funding. Of these, approximately 30 companies have been launched based on technology developed by Rice faculty and researchers and licensed from the Rice Office of Technology Transfer.

About CTAN
The Central Texas Angel Network (CTAN) is a not-for-profit corporation dedicated to providing quality early-stage investment opportunities for accredited Central Texas angel investors, and to assisting, educating and connecting early-stage growth companies in Central Texas with information and advisors for the purpose of raising money and assisting in their growth.

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Melissa Rabeaux
ATI
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