We consistently review and update our primary metrics (cumulative since ’93):
- New business formations: 121
- Funding events: $1.2 billion
- Job creation: 13,518
Since clients do not pay fees or compensation to TVC of any kind, these are TVC’s primary success metrics. Return on our invested time with clients is paramount. While we’d like to help as many entrepreneurs as we can, we are selective and look for those with commercialization potential—that means evaluating many of the same criteria that investors use (team, technology, pain, market size, customer traction, etc.). Since we work with early stage companies, we select clients based on their potential, and help entrepreneurs drive toward each milestone. When they line up with what investors have told us they’re seeking, we’ll make the introduction.
Congratulations to Cawels Engineering, Inc., an Argonne National Laboratory Spin Out
December 19, 2012
Technology Ventures Corporation congratulates John Noonan, John Lewellen and Terry Smith on forming their new company Cawels Engineering, Inc., which has commercialized a technology from Argonne National Laboratory. The cage cavity is an innovative accelerating structure that will reduce the cost of linear accelerators by 1/10th of conventional linacs. A high-brightness electron gun has potential applications in radiation oncology, electron beam welding, and electron microscopy. The technology can be retrofit to existing medical linacs, but it will reduce capital and operating costs, improve safety, and reduce radiation exposure. Technology Ventures played a significant role in the formation of this company, assisting with mentoring and business plan development.