Sirti is located in Spokane’s University District and designated Innovation Zone and is considered the nucleus for Spokane’s growing and prospering entrepreneur-driven economy as well as the business accelerator for technology-based growth businesses in the Inland Northwest. At heart, we are a small group of successful technology veterans with a passion to help technology-entrepreneurs jumpstart their dream to build a business. We accomplish this by serving as confidential coaches and client services consultants to guide companies through the innovation continuum—all at no cost to the client companies.
Because of the financial support of the Economic Development Administration and the State of Washington we were able to design and build two mixed-use, state-of-the-art incubator facilities where Sirti provides optimum environmental conditions for company development at prevailing market rents. We deliver access to capital via our EDA funded Technology Growth Fund and make strategic introductions to regional angel investment groups. Uniquely, we provide access to the legal services needed for our client companies’ successful formation, protection and long-term success—at low or no cost, via the Sirti IP/BizNet program developed in partnership with Gonzaga University School of Law and regional law firms. Our combination of experience, incubator facilities, programs and services allows Sirti to serve effectively as an accelerator, as an instrumental collaboration partner in technology transfer from our seven Washington and one Idaho regional university partners, and as a facilitator in the commercialization of products. Working together—complementing our clients’ strengths—Sirti accelerates innovation and helps clients yield strong results.
Performance Metric 2007 Results
Direct High-Demand Jobs Created 928
Cumulative # of Jobs Created2,784
Average Annual Salary$50,855 (Spokane Average $34,004)
Annual Payroll of Clients$33.4+M
Annual Revenue of Clients$88.5+M
Private & Public Sector Investment$34.4M
Cumulative Private & Public Sector Investment$207.1M
Sirti Technology Growth Fund Loans$500,000
Remaining Sirti Technology Growth Fund Available$2,500,000
Invention Disclosures & Patents Filed77
Incubator Occupancy Rate97%
Total Number of Active Clients56
By capitalizing on our region’s competitive strengths and accelerating startup and high growth technology companies the Inland Northwest region will continue to receive dividends. High demand technology companies create high demand jobs that pay significantly higher wages than both state and regional averages. The end result: a higher regional tax base and contributions to Washington State’s exceptionally positive balance of trade.
