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ITEM 1 8. <br /> ai/ <br /> City of <br /> Elk -�-1 <br /> River <br /> MEMORANDUM <br /> TO: Economic Development Authority <br /> FROM: Heidi Hall, Economic Development Assistant <br /> DATE: August I I, 2003 <br /> SUBJECT: Business Incubator Prospect Update <br /> Issue <br /> IntelliPatch <br /> In July, the EDA approved a 30-day lease of office space (1 cubicle) between Mike Geatz of <br /> IntelliPatch and current Incubator tenant Joe Roushar of KnowledGenetica contingent upon <br /> Mr. Geatz's effort to make a formal application for the Business Incubator Program. <br /> • <br /> Mr. Geatz has submitted most of the application materials and Rich Daly, an IntelliPatch <br /> board member will be presenting to the Incubator Advisory Committee on August 12`h. A <br /> recommendation from the Advisory Committee will be brought to the EDA in September. <br /> Staff has received no request to extend the 30-day lease from Mr. Geatz and the current <br /> Incubator tenant is not eager to extend the lease. <br /> Lap2 Technology Corporation <br /> Rob Henningsgard of Lap2 Technology Corporation will also be presenting to the Advisory <br /> Committee on August 12`h. <br /> S:\Eda\BUSNSINC\EDAUpdates\2003\8-11-03.doc <br />