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Sep 19, 2018







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Take the Flatley Challenge

This year’s deadline to apply is Oct. 31. Applications must include the executive summary section of the existing business plan, or a thorough description of the nature of the venture. A short list of the highest scoring applicants will be invited for a personal interview before a review panel in early December. 
Questions about the Flatley Challenge can be directed to Kathleen McLaughlin at 598-7500, or kathleen.mclaughlin@jflatco.com.




Free rent brings business
Nashua Technology Park owner attracts top startups

10/23/14



Challenges abound for startup companies looking to grow despite limited financial resources, but for the winner of the 2014 Flatley Challenge, the burdens get a lot smaller. 

For a fourth year, John Flatley, owner of Nashua Technology Park and Nashua Office Park at Gateway Hills, is offering a year of free office space for the winner of the Flatley Challenge.
Flatley, who owns his own startup (a non-profit biotech company called The Flatley Discovery Lab), helps newer businesses in southern New Hampshire because it’s beneficial for the companies and the state, he said.
“I know how important it is for startups to get sort of a helping hand, even with space requirements. When I was looking for biotech space in Boston, there really wasn’t much around and I was surprised with the lack of quality of it and the high cost of it,” he said. 
The contest is designed to assist entrepreneurs in the fields of Internet technology, communications, robotics, medical devices and other technologies. Winners receive free rent for one year for up to 5,000 square feet of office or lab space, and $10,000 on top of that.
Flatley owns about a million square feet of Nashua property that is home to a prolific high-tech community, so he always has extra space, he said. He sees Nashua as a strong alternative location to the Boston area because there’s not as much competition for talent, yet a large pool of qualified workers. 
“I think companies are finding they can draw off of it fairly easily,” he said. 
Last year, Ashish Patel, the president of Pilera Software, won the competition. A couple years ago his data management and communications business was growing too fast for its office, but it did not have the resources to expand. 
“I had an office space at Millyard Technology Park in Nashua, and we were still growing, but a lot of our staff was working from home,” Patel said. “After I won, I brought more of them to the office.”
Ashish used the rent money he saved to hire three new full-time employees. 
None of the past winners have left the site, even after their year of free rent. 
“They get space that’s in a high-tech atmosphere because you’ve got Dell and some other big-name high-tech companies right in the park,” he said. “I believe activity begets activity, and you get a certain amount of encouragement from seeing other successful companies around you.” 
 
As seen in the October 23, 2014 issue of the Hippo.





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