How can Vermont Center for Emerging Technologies (VCET) help me?
Simply put, VCET offers unfair advantages to Vermont’s entrepreneurs through people (the ones you need to know), places (the communities that will support you), and capital (the dollars that will help you scale). This means coaching and consulting by our experienced staff and executives in residence, access to three coworking spaces, curated mentorship, personalized content and resources, and so much more.
We should mention…you don’t have to be an entrepreneur to be part of our community! Coworking members include remote tech workers (that bring their networks with them) and some of the most talented freelancers in the state. It’s what makes our community so incredibly strong, and why we encourage our everyone in our spaces to “pay it forward”.
If you’re curious about what it’s like to work with VCET, please feel free to use our members and portfolio companies as a reference!
What industries or sectors are appropriate for VCET?
We are open to a wide range of industries and ideas, with the major exceptions being the three R’s: real estate, retail, and restaurants. Regardless of your sector, we will help you find the help and resources you need to succeed.
I already have a company up and running. Is VCET right for me?
Yes! VCET works with inventors, start-ups, spin offs, and early stage companies with several million in sales. We are opportunity obsessed and results driven, trying to assist high potential people with highly achievable ideas.
Do you charge a fee for seeking your help and advice?
Nope. We are a non-profit serving all of Vermont, and we enjoy meeting with entrepreneurs, students, and growing technology firms about their ideas, challenges, and the road ahead. Some do opt-in for more significant engagement, which requires a small monthly member fee, or an advisory board role to enter VCET’s select portfolio.
Do I have to rent an office to join as a member?
No way. We try to help entrepreneurs in their community, dorm room, or any of our spaces…not to mention the other awesome coworking and innovation spaces around Vermont: Study Hall, Blank Slate, Valley.Works, Local 64, White River Co.Works, The Lightning Jar, and so many more!
I am not seeking capital...or don’t expect to for a while, is VCET right for me?
You bet! About half of VCET clients do not need outside capital and are attracted to programs and services related to business advice, team building, flexible office space, or accessing VCET’s compelling network of partners and supporters.
Will you sign my Non-Disclosure Agreement?
Nope. As a policy, we do not sign non-disclosure agreements with entrepreneurs or companies seeking our advice or capital. We do our best to keep your information confidential because our reputation as valued, trusted advisors, and investors is paramount. If there is something that you are uncomfortable sharing, then please exclude it from materials and communications with us.
What does it cost to be a VCET client?
In most cases we charge $100 per month per person. Our fees do vary by site, but they’re crazy low, flexible, and designed for your success and ours. Not to mention, advice and coaching are absolutely free.
Why are fees so inexpensive?
Through the consistent support of U.S. Senator Patrick Leahy, the University of Vermont, Consolidated Communications, Middlebury College, VT EPSCoR, Vermont Technology Council, and the State of Vermont, VCET is able to offer heavily subsidized services, great office facilities, and capabilities for Vermont’s entrepreneurs and new venture partners.
Can part of my team be in other states or countries?
Yes! Contemporary technology firms source people, materials, and customers globally. We ask that you have a significant presence located in Vermont, but priority number one is building successful and sustainable companies. If that means that a portion of your team must be located elsewhere, then we can consider your situation. Each decision is made individually based on unique circumstances and public benefit to our Vermont coworking ecosystem.
Can non-U.S. companies enter the country using the VCET program?
Absolutely. This is referred to as a “soft landing” for a non-U.S. company to seek a toehold into the country. VCET has done this for clients in Europe and Canada already. Your participation in one of our programs will be judged on the level of commitment to hiring people, developing technologies, and establishing a legitimate base of operations here. If you just need an American P.O. box, then we are not the place for you.
I’m part of a Start-up that is looking to scale our business and add team members. How many members can my team grow to?
There is no limit to your team. We have found that teams reach a certain point when they are ready to outgrow a VCET office (about 12-14 people), and we celebrate this! We will always be a resource to your start-up, even if you don’t need the coworking space aspect forever. Many companies keep a membership to stay closely connected with the VCET community.
Can another person use my membership when I’m not there?
No, all memberships are specific to the individual and are non-transferable.
How often can I come into VCET?
You have 24/7 access to the space with either a provided badge or key code. There is no limit.
Can I attend VCET events if I am not a member?
Yes. You can stay informed on VCET Events open to the public here.
Can I book a conference room if I am not a member?
Maybe. We will try our best to help you out! Since access to our conference rooms is included in the membership cost, we like to prioritize availability to our members first. Depending on what you would need it for, we can try to work something out on a case by case basis.
Are there conference rooms or privates spaces available?
Yes, at all of our locations. Some rooms have flat screen connectivity through HDMI, Apple Airplay and Google Chromecast.
How many hours of conference room time does a member get per month?
VCET members have unlimited access to our conference rooms, absolutely free. That said, sharing is caring! Since private space is limited, so we enforce a “no squatting” rule. Members are encouraged to only use a conference room if they need it.