Two start-up companies with a combined 28 high-paying jobs, $2 million in salaries and $3.9 million in revenues have graduated from the UMass Dartmouth Advanced Technology and Manufacturing Center in Fall River and relocated to southeastern Massachusetts sites.
Micro-Ant Inc. (www.micro-ant.com), which designs and manufacturers state-of-the-art antennas, is moving to a leased building at 19 Norfolk Ave. in Easton this week while Mikel Inc. (www.mikelinc.com), which develops signal analysis software, recently moved from the ATMC to an adjacent building in the SouthCoast Technology Park in Fall River.
"These companies are proof our success in fertilizing the growth of the regional innovation economy," said John Miller, Entrepreneur in Residence at the ATMC. "These companies and the people who lead them are evidence of an evolving economic landscape in southeastern Massachusetts and the critical role that UMass Dartmouth is playing in that transformation."
Charles McCarrick, CEO of Micro-Ant, stated, "We are coming to the end of our term here at ATMC and this has been a model of a company coming in very small into this incubator environment, growing, being nurtured and then going out into the real world. We were able to work with the internal shop here to get things done in a fraction of the time and this has been instrumental in us winning big contracts."
The ATMC is an economic development outreach unit of the University of Massaschusetts. Opened on the site of the former Kerr Mill, the center provides technical and manufacturing assistance to established companies as well as startups. "We provide inexpensive, first class office space, help finding funding, business advice and support, in-house prototyping and analytical labs, and a great intern workforce," Miller said. "In short, everything a startup needs to accelerate its success."
Currently there are nine startups in various stages of development with an expectation of graduation within three years. Nationally, the success rate for companies that graduate from incubators is more than 80 percent, and 87 percent of incubator graduates stay in the region of their incubator.
People interested in information on the ATMC or the incubator program should visit www.atmc.umassd.edu or call John Miller at 508.910.9830.