Boulder based Stratom Inc. thrives with the help of the SBDC
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Seeing government markets as being less volatile, offering long term contract opportunities and having greater long run stability, Mark decided to take the company in a new strategic direction. In the 2007-08 timeframe, Stratom shifted its focus to robotics and R&D. Bootstrapping the business, winning research dollars and government contract awards as well as increasing product sales, the company grew. Today, Stratom has set itself apart with a strong mix of subject experts and engineers who understand their target customers’ needs. They develop products and design services that have an identified need and market. Stratom engineers have a strong background in commercial products and they know how to bring Stratom’s products to market.
“I have been so impressed with the professionalism and passion of everyone working with the SBDC.”When asked what factors have been critical to Stratom’s growth, Mark says that the SBDC, his strong Advisory Board and the Rocky Mountain AUVSI chapter (Association of Unmanned Vehicles Systems International where he now serves on the National Board) have been instrumental to his company’s growth and success.
“As an early stage company, before setting up my Advisory Board, the SBDC team of consultants was a great sounding board for me,” Mark recounts. As the company began to grow, Mark took advantage of SBDC classes around Sales and Marketing and HR topics like Workman’s Compensation. He sent his staff to SBDC classes for training. As a second stage company, Mark has taken advantage of the Colorado Emerging Ventures (CEV) programming and team of consultants. The CEV team has provided market research and analysis around commercial applications for Stratum’s products and services. In describing his experience over the years with the SBDC, Mark says, “I have been so impressed with the professionalism and passion of everyone working with the SBDC. They are not only willing to help but they know how to help. There is a vast level of experience that I can tap into to help my business succeed.” It was through networking at SBDC workshops and Chamber events that he also found his invaluable extended team of professionals and mentors. As a result, Mark has been a tremendous supporter of, and advocate for the SBDC.”