TEN is for startups who are commercializing scientific breakthroughs and new technologies, and small businesses who can scale by tapping new markets or expanding their product portfolios. This focus on growth potential drives powerful peer-to-peer learning, and leads to real-world success stories.
TEN Impact Summary
The 2020 TEN Alumni Survey collected data from 93 entrepreneurs. TEN’s impact on jobs, revenues, and capital secured were received online and by a telephone canvas between February 24 and April 14, 2020.
Jobs – TEN alumni are creating jobs for themselves and our neighbors. Of the 71 respondents working on the same business, 26 had maintained the same number of employees and 38 increased company employment.
Revenues – TEN alumni learn that without paying customers, they do not have a business. TEN has a significant impact on increasing revenues. The number of pre-revenue companies decreased from 23 to 14. Companies with revenues ranging from $501,000 to $ 1 million tripled from 3 to 10, companies with revenues $1 million to $5 million doubled from 5 to 11; and companies with revenues over $5 million doubled from 3 to 7.
Capital – Companies join TEN seeking capital. TEN alumni learn to get the right amount of money, from the right sources, at the right time. They gain knowledge and connections to access multiple sources of capital to execute their growth strategy. Only 3 out of 100 startups seeking investment succeed in securing equity funding (NVCA, ACA.) Fifteen of the 93 respondents received equity investment.
TEN serves a regional audience spanning Buffalo, Rochester, Syracuse and Ithaca, capturing the best and brightest minds in Upstate New York. It's a proven program designed specifically to help you - the entrepreneur.