Sutter's Mill NewsSutter’s Mill Capital and High Tech Engineering Center Enter Agreement to Develop Innovation and Acceleration Platform for Early Stage High Tech Companies in US
Los Angeles, CA and Belgrade, Serbia - Sutter’s Mill Capital (SMC), a venture capital advisory and merchant banking firm, and High Tech Engineering Center (HTEC), a hardware and software engineering services company, have signed and agreed to develop an acceleration and development platform for high tech companies. The companies will combine their expertise in corporate and product development to assist venture backed companies and aspiring growth companies in developing and commercializing marketable products, in addition to identifying high potential early stage technology teams for more comprehensive acceleration and incubation.
SMC is located in Los Angeles, CA, and is uniquely suited to identify and screen potential companies for development from some of the major innovation centers in the Western US. SMC has a unique focus and expertise in global commercialization strategies as well as corporate development and M&A work for technology companies in the consumer device, software, internet, medical device, and cleantech, security, mobile, and new media sectors. SMC has a unique platform for selecting companies which uses a proprietary venture data and analytics software suite to provide insight into markets and identify trends, gaps, and syndication resources for follow on investments. In addition, SMC add value through corporate development and strategy work, as well as identifying corporate legal resources for structuring and general company counsel.
HTEC’s expertise covers a full spectrum of IT services, from customized software, desktop, web and mobile applications to development of sophisticated hardware solutions, embedded systems and signal processing algorithms. HTEC provides a complete service solution in specifying, developing, maintaining, redesigning and integrating both hardware and software products. The company has a track record of developing software and hardware applications in various industries like entertainment, internet gaming, social networking, banking/finance, telemedicine medical devices, security, automation and consumer electronics. Clients in the past have included Fortune 500 companies such as Intel, Phillips, and SAP, in addition to early stage companies globally.
The partnership will leverage SMC’s US network of connections and corporate development capabilities to identify venture backed and corporate clients for HTEC services, in addition to sourcing and screening companies for incubation and acceleration. HTEC’s best in class engineering services are uniquely positioned and suited to assist venture backed companies, and their experience with startups allows them to help the early stage company deliver compellingly engineered products, minimum viable products (MVPs) and prototypes.. HTEC’s has deep experience with startups and lean startup methodology. HTEC’s skills at the lean methodology allow a transfer of these skills and for HTEC to add value as a technology partner in the startup company with the ability to scale resources when needed.
Nathan Joyner, founder of Sutter’s Mill Capital commented, “There is a market need for developing companies in the hardware and software sector where there is intelligence into capital markets, and resources to show proof of concept and marketable products. In recent years the VC market has shied away from seed investing in many hardware and complex software based companies, and there have been movements from various corporate VCs to address this trend. We see this partnership as being an alternative to promising companies in large markets that need additional resources to attract the capital and strategic resources required to scale.”
Andrija Bednarik, Managing Partner of HTEC added “ Many of our clients are startups which engage our company as a trusted technology development partner which can understand their problems and help them to quickly test their concepts and rapidly develop high quality final products. The reason why they engage our company at first is because of the cost reduction, great scaling capacity, and ability to efficiently manage tech demanding projects and deliver on daily basis. But very soon they realize they get more than that. It’s because we think of ourselves as the partners of the startup and we are always eager to provide a feedback about the new ideas and the features which are ought to be built. It’s about building trust and providing the value from the start till the end of each and every engagement.”
About Sutter’s Mill Capital. Sutter’s Mill Capital is a global private equity and venture capital fund advisory firm located in Los Angeles, CA. Sutter’s Mill advises both private equity and corporate clients on capital formation, corporate finance, and M&A with specific focus in the US, China, and Asia. More information can be found at: http://www.suttersmillcapital.com/.
About HTEC. HTEC is an engineering and technology development services providing firm based in Belgrade, Serbia that focuses on global engineering development in the customized software, desktop, web and mobile apps and embedded systems and hardware domains. The company has a great set of references in developing complete software solutions, products and prototypes for Fortune 500 companies such as Intel, Phillips, and SAP, in addition to early stage companies globally. More information can be found at www.htec.rs.
