Business Incubation Success Stories
Peerless Technologies Corporation
Commuter Advertising was founded in Chicago, but moved their headquarters to The Entrepreneurs Center (TEC) after winning their first contract with Greater Dayton RTA. Commuter Advertising creates audio and visual advertising that is delivered on public transit vehicles, primarily through GPS technology. Founders Russell Gottesman and Katie Hill developed a technology that enables targeted ads to play on particular buses at specific locations. A 2011 Soin Innovation Award recipient, Commuter Advertising has expanded from the 2 founders to a company that now employs 14 people. They recently received capital investment from the Dayton ESP program and a Series A round of capital from Draper Triangle and UD Flyer Investments. Commuter Advertising has won nine advertising contracts in 7 cities and now reaches over 84 million riders annually. The company has filed 29 US and global patents on their technology.
|Energy Optimizers USA|
About 2 years ago, Greg Smith signed on as The Entrepreneurs Center (TEC’s) first client in the Affiliate Program. Then it was just Smith operating his start-up company. Today Smith’s company, Energy Optimizers, USA, has 14 employees and is booking sales at an impressive rate. The company provides energy conservation services to schools, government agencies, commercial and industrial customers. TEC and the SBDC helped Greg polish his business plan and launch the new company. Smith continues to use the Affiliate Program, SBDC, his advisory board and other resources to grow his business. The company recently relocated their business operations to a facility they purchased near Tipp City. Energy Optimizers, 2011 DBJ Rookie Business of the Year, is presently carrying out 11 energy conservation projects which are expected to save clients hundreds of thousands in energy costs.
Troy Augustine, president and CEO of iNET Interactive came to The Entrepreneur Center (TEC) in 2005 after purchasing a social media company in Kansas City and moving it to Dayton. iNET began at TEC with two employees and graduated from here in August of 2008 with 20 employees in eight states and five countries. Troy has grown the company to nearly 40 employees and $10 million in revenues. I-Net Interactive has been recognized several times by INC Magazine as one of the 5,000 fast-growing private companies in the United States.