Things Get Worser at C4C–Updated

The University of Washington’s Center for Commercialization has just published a new list of startups for fiscal year 2014 (July 1, 2013 to June 30, 2014). I just had to take a look, so last night into the wee hours of today, I went through the 18 companies C4C champions as their new startups for FY14.

I will have to give some companies a closer look to get a better idea of what is going on, but here are some findings that are worth noting (and subject to revision as I check further):

  • Of the 18 companies, only four one appears to have been formed in FY14;
  • Six Eight of the companies started in FY13, but C4C did not report these for FY13;
  • The rest appear to have been started between 2001 and 2012 (but in FY12).

The upshot is that C4C’s FY13 list grows to 1012–still not 17, and the list is still populated with iffy companies, such as non-profits, products listed as if they were companies, companies operating out of apartments, and long-standing product distribution programs–essentially state services– repackaged as “for-profit” startups. Not “high-value, success-bound” companies arising from university research results in need of product development. Happy companies, perhaps. Good people in them, certainly. But not what was promised, or what is needed. C4C is playing the public, and the state legislature, for fools.

The downshot, so to speak, is that C4C’s activity for FY14 looks worse than FY13. While C4C reports an increase in company formation –from 17 to 18–it appears that the numbers are actually downward–from 1012 in FY13 to 4 1in FY14. Of course, given that C4C appears happy to play fast and loose with its accounting, perhaps six more companies have already started in FY14–just that C4C doesn’t know about them yet.

What is not clear, and hence the need for more digging, is the connection, if any, these companies have to UW research results or to state economic development. I will post my documentation as soon as I have the time. In the meantime, feel free to check for yourself. You might find the Bizapedia.com site helpful. Also the Wayback Machine. And whois.net.

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