Champlain College and Burlington Generator

Innovation and entrepreneurship through academic leadership and community collaboration

January 12, 2016

Key Talking Points

• Background (David Provost)

• Scope (Michael Metz) • Value proposition

• Facility, assumptions (Lars Torres)

• What success looks like

• Budget and timeline • Discussion, next steps

Background

• Early concept – shared facilities, joint fundraising efforts, economies of scale challenges

• College’s focus on positioning and improving relevance of curriculum and focus on the Futures Initiative – “Ensure a culture of innovation that endures beyond any one strategic plan or leader”

• Pine Street corridor – Champlain at the center of City’s master plan for Pine Street creative economy corridor development

Scope

• Independent organization, complementary mission

• Relocation, expansion to 12,050sq/ft Champlain College warehouse - together enliven Sears Lane

• Free membership for Champlain Community

• Academic consortium will bring Champlain College together with UVM, CCV, VTC

6 Toolsets

180 Members

4,992 Volunteer hours contributed

3,392 Hours open to the public

92 Classes taught

12 Startups growing

4 Academic partnerships

Value Proposition

• Enable mentoring and large-scale design and fabrication among students, expert makers

• Foster intercollegiate sharing, collaboration, competition

• Increase entrepreneurial activity, including student-led

• Become the maker college - point of differentiation and recruitment for the College around experiential learning, graduate retention, inter-university collaboration

Value Proposition, cont.

• Enhance consortium competitiveness for grants and philanthropic support for programs, growth

• Add momentum to Pine Street corridor as urban manufacturing center

• Achieve economies of scale necessary for a sustainable maker space business model

• Contribute to BTV Ignite story that Mayor can pitch nationally

Bath 1 Bath 2

Public Entry

Class

Work Area 1

Studios (6)Ad

min

Stud

ios

(8)

Stud

ios

(8)

Kitc

hen

North

CHAMPLAIN COLLEGE, SEARS LANE | Draft Build-out Proposal

Pine Street

Stud

ios

(6)

Wok

Are

a 2

Work/Storage Area 3

Woodworking Shop Hot/Cold Metal Shop

Key Concepts• Welcoming • Transparent • Flexible

• Accessible • Social • Dynamic

• Productive • Accommodating • Engaging

CREATIVITY LEARNING COLLABORATION ENTREPRNEURSHIP

• Quirky • Playful • Safe

Assumptions

• Cost of relocation and building fit up covered by joint Generator and Champlain College mini campaign

• Dedicated staff workstations

• Dedicated, flexible classroom/meeting space

• Dedicated public entry/exhibition space

• 28 studios

• Metal in garage with maintained loading area

• Galley kitchen

• Shared facility/building bathrooms

What success looks like

• Champlain College and Generator collaboration recognized as the nexus of making and maker culture in Vermont and beyond

• Home to a nationally recognized model of academic consortium and local collaboration around learning, innovation and entrepreneurship

• An engine of academic collaboration and independent research and development and innovation

Success, cont.

• An anchor in Vermont’s creative economy, supporting independent creatives and entrepreneurs along the startup pipeline

• Sustainable business model blends academic investment, earned income and multi-stakeholder support – businesses, city/state, and philanthropic entities

• Non-stop creative activity – classes and workshops, projects, public talks – designed to facilitate networking and collaboration to drive new ideas, products and ventures

Preliminary Budget - Fit up and relocation

• Back of the envelope < $500,000K – Professional fees - $50,000 – Move, install, fabricate required walls $35,000 – Studio space fabrication - $10,000 – Classroom fit up - $20,000 – Gig/network - $20,000 – Misc. mechanical/ventilation (with make up air) existing

equipment - $55,000 – Misc. electrical - $20,000 – Misc. plumbing and bathrooms - $50,000 – Contingency - $50,000 – Storage systems - $10,000 – New equipment - $100,000 – Furniture - $30,000

Time LineJanuary, February - MOU for relocation to Sears Lane - No/Go from Champlain leadership – 1/30 - If go, feasibility study complete - 2/28 - Preliminary budget and layout complete March, April - Layout and required building modifications confirmed - Majority of fundraising complete OR - No/Go on fundraising effort May, June - Final budget approval - Engineering required for permitting and code compliance is compete July, August - Fundraising complete - Upgrade infrastructure of warehouse as required for equipment and code August, November - Install any new tools - Community builds complete ie studios, shelves, tables - Key card access system installed December - Complete move from Memorial

Operating BudgetINCOME ANNUAL Earned Income - Membership, classes, sponsorship $349,000 Gifts - Individual donor giving $60,000 Grants - Private, state, federal $75,000

TOTAL $484,000

EXPENSE ANNUAL Personnel - All wages, withholdings etc $290,000 Operations - Maintenance, consumables, supplies $90,000 Administration - Insurance, professional services $30,000 Facility - Utilities, maintenance $60,000 Programming - Events $12,000

TOTAL $482,000

Thank you

Michael Metz Co-founder, Board Member michaelmetz100@gmail.com

Lars Hasselblad Torres Executive Director lhtorres@gmail.com