Q&A WITH JENNIFER MCGRAIL
Launch Pad in OKC helps
startups get off the ground
What is a business incubator?
Business incubators, like
Launch Pad FT at Francis
Tuttle Technology Center,
provide an array of resources
and support servicesto startup
businesses. We workto foster
enterprise prowthby enhanc
ing the skills of.
and helping improve the via~
bility of new businesses.
What types of services does
Launch Pad FT provide to
startups?
It’s common for entrepre-
neurs to start a company that
performs a service or creates a
product that they understand
well. Managing that business
is where many entrepreneurs
struggle. In short, they know
how to do their work but not
how to be in business. Our
staff offers management
, technical assistance
and customized coaching and
training to help entrepreneurs
learn and develop important
business and management
Jennifer
McGrail
= is director
of Launch
“S
one-on-one counseling ses-
sions to review company
progress and financial met-
rics, We host regular trainings
on important topics. We also
offer assistance in obtaining
appropriate financing when
necessary for company growth.
What types of clients does
Launch Pad FT support?
Our incubator works with
several types of clients. In
addition to mentoring and
training, a resident client
occupies office and/or shop
space in our Edmond facility.
An affiliate client utilizes our
mentorship and educational
programs but does not physi-
cally locate in our facility. A
post-graduate associate client
is a company that has com-
pleted an incubator program
but would still like access to
Pad FT.
coaching and mentoring.
‘What does the facility offer to
resident clients?
Launch Pad FT offers the
infrastructure young compa-
nies need but often struggle
to afford. We have eight fur-
nished offices and five shop
areas that range from 400 to
1,400 square feet. The shop
spaces can be used for light
manufacturing, warehousing
and laboratory endeavors.
Resident clients also have
access to shared conference
rooms and business neces-
sities like Wi-Fi, copiers and
paid utilities.
Does Launch Pad FT work with
businesses who are not part of
‘the incubator?
We offer several
services outside of the incu-
bator inchiding small business
workshops and seminars on
topics like bookkeeping, cash
flow projection, business plan
preparation and productivity.
Paula Burkes,
Business writer