SEED program sprouting businesses
Add fertile ground for financing and development Weber County.
Expose them to the outside world, and in no time, you have a new company with the potential to reach a global market. And because it was created in Utah, it's likely to stay in Utah.
That's the success story of Klymit, the brainchild of four Brigham Young University students, one of whom learned you could use the noble gases argon, krypton and xenon to insulate outdoor clothing. Klymit's liners contain a dial-operated valve and bladder, so you can have warmth on demand, said Ben Maughan, the company's chief financial officer, who will graduate with his MBA this month.
Maughan attributes his company's growth to its relationship with SEED Weber Davis Morgan, a nonprofit group dedicated to growing entrepreneurial development. The SEED program, started by Marketstar founder and Weber County resident Alan Hall and Grow Utah Ventures president Craig Bott, has also taken root in St. George and Box Elder County and is making its way to Cache County this week.
The SEED program takes entrepreneurs from formulating a business idea to finding business resources to getting needed skills and mentors. The program also can help find funding.
SEED leaders see Weber, Davis and Morgan counties as ripe locations because of the proximity of Hill Air Force Base, aerospace companies and composite manufacturing, as well as outdoor recreation and precision-machining companies.
"If they start in our community, they're going to stay in our community," said Weber State University President Ann Millner, who is on the SEED executive committee. "And they're going to give back to our community."
Last year, 2,100 businesses were formed through the program, and only 7.5 percent survived.
In Klymit's case, Maughan said, mentors and venture capitalists connected through SEED Weber Davis Morgan helped a budding Klymit create a roadmap and raise $375,000. Klymit holds a patent for using the insulation technology in outdoor clothing and has produced prototypes for snow jackets, snow pants, ski boots, camping pads and sleeping bags.
Ogden's growing fame as an outdoor capital has led Klymit to locate there.
Hall said he would love to see more stories like Klymit's.
"We have a history in this state of great entrepreneurs," Hall said.
Cities and counties are spending millions of dollars to attract large businesses from outside the state. But people are catching the vision that there is enough local talent to create and grow global businesses, he said.
More information about the SEED program is available at seedwdm.com.
E-mail: jdougherty@desnews.com
Comments
- 'Potter' reflects on Hogwarts childhood 12:32 p.m.
- U.S. 'gesture' could win release? 12:32 p.m.
- Carrey to be a grandfather 12:26 p.m.
- UFC's milestone event 12:23 p.m.
- Sentencing for con man moved 12:19 p.m.
- New lobbyist reports due Friday 12:08 p.m.
- LDS seminary principal arrested 11:49 a.m.
- Power.com sues Facebook 11:40 a.m.
- Stocks falter 11:39 a.m.
- Mandela stays away from exhibition 11:38 a.m.
- Jazz talking Boozer trade?
- Stadium of Fire flag burning was fake
- Jazz in back of line for free agents
- Okur signs two-year extension
- A primer for the 6th Potter film
- Reactions on Boozer speculation
- Jazz won't meet Lopez on Europe trip
- Restaurant destroyed by fire
- Mall owner seeks to retain zoning
- Jazz rally for OT win at Orlando
- Bronco collecting a galaxy of recruits
140 - Letters: Palin mistreated
139 - Teachers struggle with district cuts
135 - Blazers may offer Millsap a contract
123 - Jazz talking Boozer trade?
122 - Fairness of BCS debated
81 - Moon landing: Let's hear from you
79 - Chaffetz eyes challenging Bennett
73 - Stadium of Fire flag burning was fake
72 - Letters: Single-payer system best
70
By now you've probably read about the investigation that showed just how...
The photographs are mysterious, brooding, dark. They show dimples and...
Get on with it.The building needs to be moved. From what I know, Layton's a...
With so many cases along these lines popping up, I'm content to wait until...
I love my remote. I can change the channel or turn off the Tv without getting...
I would love to see Boozer go but not for Thomas.. Bosh yes and we could...
Here's a trade idea 3 team trade with utah golden state and charlotte ...
I think it ironic that people wave Mexican flags at rallies to get rights in...
it all. The Neo-Con Republicans who wear their phony patriotism on their...
how is queen nancy the gullible going to punish these miscreants?
Lone Peak... he's a good man. I don't believe any of this.
Thank you Deseret News for telling us the truth when the event failed to do...



You can be the first to comment on this story.