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J <br /> Hall, Heidi <br /> om: TedGenesis@aol.com <br /> nt: Tuesday, July 16, 2002 7:36 AM <br /> To: HHall@ci.elk-river.mn.us; cmehelich@ci.elk-river.mn.us <br /> Subject: Incubator status report and recommendations <br /> To: Elk River EDA <br /> From: Harlan Jacobs <br /> Genesis Business Centers, Ltd. <br /> Date: 15 July 2002 <br /> Re: Update and Recommendations <br /> For the Elk River Incubator Program <br /> Preface: My apologies for being unable to attend this meeting in <br /> person. A <br /> client commitment that was previously made before the date for this <br /> meeting <br /> was set could not be changed. Therefore, this report is being made <br /> electronically in advance of the meeting on Tuesday 16 July. <br /> Overview: The CYMBET success story has helped underscore the success of <br /> the <br /> Elk River Incubator Program. Of the seven companies that have gone <br /> through <br /> the incubator program since inception , the scorecard may be summarized <br /> as <br /> follows: <br /> •aduates now located in market rate space in Elk River: <br /> CYMBET <br /> Graduates now located in Elk River: <br /> Solar Attic <br /> Companies remaining in the incubator for extended period: <br /> Vertical Publishing <br /> New Companies in the incubator: <br /> Bixby Energy <br /> KnowledGenetica <br /> Companies in liquidation: <br /> P:rotectorCare <br /> Companies out of business/operations terminated: <br /> MAS Technologies <br /> Of the seven companies, one is a major success by any objective standard <br /> •YMBET) <br /> One company is struggling, has a good product, needs more marketing and <br /> some <br /> working capital and may yet become successful (Solar Attic) , <br /> 1 <br /> I <br />