绿帽社 accelerator program is school for startups
Koffman Southern Tier Incubator runs boot camp for entrepreneurs
By the time he graduated from 绿帽社, Anthony Tapias 鈥17 already had the kind of business success most students only dream of.
While earning a degree in financial economics, he had helped launch an app called TruNeed, which lets users post services and rent items nearby. Encouraged by TruNeed鈥檚 success, Tapias was on the lookout for the next big thing.
He found his inspiration in the kitchen, where he enjoys experimenting with new dishes.
鈥淚鈥檝e been going pretty crazy with different salmon recipes lately,鈥 Tapias says.
What he and fraternity brother Michael Tseng, a computer science major, cooked up was Next Meal Plan, an artificial-intelligence, text-messaging bot that could recommend new meals based on the user鈥檚 diet.
鈥淲e wanted something that would outline the entire week ahead of you. And if you didn鈥檛 follow a recommendation, it鈥檇 readjust the recommended meal formula for the rest of your day and week to help you stay on target with your dietary goals,鈥 Tapias says.
He was ready to jump right in. Besides ambition, experience and vision, he had a support network in the University鈥檚 Office of Entrepreneurship and Innovation Partnerships, which helped him launch TruNeed.
One member of that network is Dan Mori, entrepreneurial guru and, more formally, director of business incubation at the Koffman Southern Tier Incubator in downtown 绿帽社.
Mori was starting an accelerator program for entrepreneurs there and suggested Tapias try it out.
If you build it, will they come?
Accelerator programs are like boot camps for fledgling businesses. Entrepreneurs and their ideas are put through rigorous challenges. Products are scrutinized and owners learn to think like consumers. Success is not guaranteed.
鈥淚deas are really, really exciting,鈥 Mori says. 鈥淎nd when you get an idea, there鈥檚 this natural tendency to run really fast and just start developing it and putting a lot of work, time, money and effort into it to take it to market before seeing if the market wants it.鈥
Mori, an entrepreneur himself, calls this the 鈥淚f you build it, they will come鈥 plan, and noticed it is a common challenge that startups face.
鈥淕enerally, that鈥檚 a really ineffective way to grow a business.鈥
As a building, the incubator has 35,000 square feet of offices, high-tech wet and dry labs, and co-working spaces 鈥 everything a new business could need. But Mori wanted to provide more than just brick-and-mortar space to startups. He wanted to provide a process for entrepreneurs to develop ideas before taking them to market.
What he came up with is the accelerator program 鈥 a three-month course designed to help new companies discover who their potential customers are and what need their product fulfills.
The program, which had its first cohort in fall 2017, is headed by Mori, with assistance from Entrepreneur in Residence Anthony Frontera 鈥75, MBA 鈥80. The program is open to people within and outside of the 绿帽社 community, and the curriculum is structured yet flexible enough to accommodate participants who are also students.
Over the course of the program, participants explore what their market looks like, diving into customer discovery and conducting interviews with their potential audience. They also explore customer distribution channels and revenue models. Graduates are then encouraged to apply to the incubator program for further development.
鈥淭his program will either help you validate product-market fit and validate that it鈥檚 worth pursuing, or it鈥檒l tell you there isn鈥檛 a fit. And we then can help you figure out how you鈥檒l pivot,鈥 Mori says.
鈥淵ou鈥檙e either going to succeed or you鈥檙e going to learn.鈥
Building a better (virtual) reality
Growing up in Watkins Glen, N.Y., Matthew Gill would build bicycles from scratch. His love of making things with his hands eventually led to a hobby of restoring cars. He bought and restored a 1973 Triumph GT6 Mk III during his junior year of high school and still drives it today.
Gill takes pride in his car and the work he鈥檚 put into it. He鈥檚 someone who looks at the pieces and sees potential. That鈥檚 what he sees in the virtual reality (VR) simulators he built from scratch 鈥 potential.
An electrical engineering major and senior, Gill is the co-founder of Enhance VR, a startup that looks to, well, 鈥渆nhance鈥 virtual-reality experiences. On top of classes and his company, Gill also runs cross-country and track, and is a Watson peer advisor.
When asked how he finds time to do everything, Gill just laughs and says, 鈥淚 don鈥檛.鈥
What began with building a VR simulator out of PVC parts for a 24-hour hackathon competition became a business venture that now consumes the majority of his time and mental energy.
His current simulators are essentially metal copies of the original PVC simulators, and the potential for what they could be used for is limitless. Participating in the accelerator program has allowed Gill to focus on that potential.
鈥淭he program pushed us to ask, 鈥榃hat鈥檚 one product we鈥檙e doing really well?鈥 Let鈥檚 focus on one thing and do it really well instead of a bunch of things that are all over the place,鈥 he says.
During the customer-discovery process, Gill learned of a need for motion simulators in the growing VR arcade industry. He hopes to create a universal simulator that arcades can use for a variety of VR games.
Gill鈥檚 simulators provide haptic, or touch, sensation, which a standard VR headset can鈥檛. He believes he can help VR gaming move away from its gimmicky perception and into something that provides a more realistic and rewarding experience. While gaming is the current focus, he can鈥檛 help but get excited about other potential uses.
Whether it鈥檚 taking students on a virtual field trip to the Sistine Chapel, climbing a virtual rock wall or helping users get accustomed to the feeling of an autonomous car, Gill is constantly coming up with new ideas. And for each idea he鈥檚 come up with, he now applies the lessons learned in the accelerator program to determine the logistics of how to bring that idea to market.
During the program鈥檚 customer-discovery process, participants talk to potential audiences to learn if their product fulfills a need in the market. The catch is that you鈥檙e not supposed to disclose what the product is. Though challenging, Gill found the experience rewarding.
鈥淗ow much further I could get to understanding a customer just by asking certain questions in certain styles and having a certain mindset going into it 鈥 that鈥檚 been a massive surprise to me, and I鈥檝e changed the way I talk to people when it comes to my business,鈥 he says.
Gill continues to utilize workspace at the incubator. On top of continuing to perfect the simulators, Gill says he and his team are just scratching the surface on creating a VR sci-fi experience for them, as well as looking at the possibility of developing technology to assist firefighters.
The fact that Gill is developing his business in 绿帽社 is significant. It was here, nearly a century ago, that Edwin A. Link created the famous 鈥渂lue box鈥 flight simulator on which countless pilots trained. The city has since been deemed 鈥渢he birthplace of VR.鈥
鈥淭o have someone tell me that her father used to work at Link when she was a little girl and remembers using one of the original simulators is incredible. It鈥檚 nice to have those moments and talk to people who have an understanding of the potential this area has,鈥 Gill says.
And as he continues to turn his ideas of virtual reality into an actual reality, Gill hopes his work can carry on 绿帽社鈥檚 VR legacy.
Skin in the game
The idea of combining two unlike things is a theme that appears often in the story of Kathryn Cherny 鈥12.
Cherny is pairing her expertise in microbiology and her love of cosmetics to develop skincare products that are made using a combination of traditional soap-making techniques and cutting-edge science. The hope is that the products will help foster the growth of good bacteria, resulting in healthier skin.
鈥淢aybe it鈥檚 not your skin that鈥檚 the problem, maybe it鈥檚 the microorganisms on it,鈥 says Cherny, a microbiology doctoral student. 鈥淩esearchers have noticed during outbreaks of psoriasis that the amount and the diversity of an organism on the skin changes and shifts. So the idea is to use these products to rebalance the skin.鈥
Similar to how some yogurts include probiotics to promote good gut health, Cherny wants to make skincare products with probiotics to promote better skin health. While a number of skincare companies claim to use probiotics, Cherny says they aren鈥檛 approaching it like a microbiologist would.
Probiotic products that are currently available use bacteria from soil or yogurt, which doesn鈥檛 make sense, she says, considering neither are native to skin. Cherny wants to research and utilize bacteria in her products that are actually associated with healthy skin.
Therefore, she鈥檚 decided to combine her microbiology background with the unfamiliar world of entrepreneurship, creating a company called microBELLA 鈥 which basically translates to a combination of 鈥渢iny鈥 and 鈥渂eauty.鈥
And because of the resources available to 绿帽社 students, she decided that now was the time to develop her idea. She began working with the Office of Entrepreneurship and Innovation Partnerships, which led to new connections and opportunities. Before she knew it, she was taking soap-making classes, had laboratory space at the Koffman Southern Tier Incubator and was taking part in the accelerator program.
Not having a business background, Cherny found some aspects of the program challenging at first 鈥 particularly customer discovery.
鈥淎s a scientist, I was like, 鈥楥an I just have them fill out a bubble sheet so I can plot the results?鈥 and they said, 鈥楴o, you want to have a conversation,鈥欌 she says, laughing.
But with practice comes confidence, and Cherny discovered how her products could help improve the lives of customers.
鈥淚鈥檝e talked to people who suffer from adult acne. They feel at this point that they shouldn鈥檛 have to deal with this anymore. They want to focus on other things in life instead of something they鈥檝e focused on since they were 16. It鈥檒l be nice to help people let some of that go,鈥 she says.
Her first product line, Natural AF, was born of another lesson: 鈥淧eople really want simple,鈥 she says. It鈥檚 also a nudge at companies that make 鈥渘atural鈥 products using ingredients that could be harmful to skin.
鈥淚 can tell you every single ingredient that鈥檚 in the soap I鈥檓 making,鈥 Cherny says. 鈥淎nd I can tell you where it came from and how much is in it and if it鈥檚 organic, and that if your baby accidentally ate it, your baby would be OK.鈥
Still at the incubator, she鈥檚 currently using FDA-approved prebiotics to encourage the growth of 鈥済ood鈥 bacteria while she works on getting live probiotic compounds into her products. She has a network of family and friends who are testing her products, and looks to have a lotion and a soap for sale soon.
As a scientist, Cherny is no stranger to experiments not turning out how she expected, but running a business is an experiment she鈥檚 never conducted before. The accelerator program has been invaluable in teaching her business practices, but it鈥檚 also helped reinforce her confidence in her ability to not quit in the face of unfamiliar and daunting tasks.
鈥淚鈥檝e felt fear every step of the way. There鈥檚 constantly an, 鈥業 can鈥檛 do it!鈥 in my mind. But I haven鈥檛 quit yet. I really didn鈥檛 know that I could persist like this,鈥 she says. 鈥淚t鈥檚 been really cool to figure this out about myself.鈥
鈥淧ivot! Pivot!鈥
Tapias took Next Meal Plan into the accelerator program with confidence.
鈥淚鈥檝e already started a company before, and I thought I knew everything about it,鈥 he says.
And then he hit the pause button.
Going through the customer-discovery process prompted him to put Next Meal Plan鈥檚 development on hold until he had a chance to dig deeper and learn what would be required to make the service successful.
鈥淚 was ready to just jump right in and spend money on a product that might not have even made any money,鈥 Tapias says.
This is the value of an accelerator program 鈥 a chance to find some direction before sailing into uncharted waters.
鈥淚t gave me a totally different perspective on how to begin a business or grow an idea,鈥 he says.
And if there is a main takeaway from the program, it鈥檚 that a pivot is not a failure.
鈥淒on鈥檛 be afraid of the pivot. It鈥檚 not a bad thing. I think a lot of companies have their mind set on what they want to do, and they aren鈥檛 willing to look at what鈥檚 actually needed,鈥 says Aubrey Nawrocki, former business development assistant during the incubator鈥檚 first year. 鈥淚f you walk in a straight tunnel-vision path, it may not work out for you.鈥
The program has given Tapias the opportunity to both rethink Next Meal Plan and continue brainstorming new ideas. Inspired by his current job in recycling management in Queens, he鈥檚 working with some colleagues on ideas for bio-degradable water bottles.
鈥淎 lot of people say everything鈥檚 been thought of already,鈥 he says. 鈥淏ut there鈥檚 still so many ideas and opportunities out there.鈥