Partnership between UD and TEC bolsters top-ranked pitch competition for entrepreneurship students around the globe
Dayton, March 28, 2018: The Entrepreneurs Center (TEC) announced today that TEC President, Scott Koorndyk, was honored last night at the University of Dayton’s (UD) annual entrepreneurship banquet with the L. William Crotty Center for Entrepreneurial Leadership’s Volunteer of the Year award. The award is reserved for individuals who have given time and energy to advance the Crotty Center’s distinctive, multidisciplinary approach to university entrepreneurship education with the goal of instilling remarkable students with the education, courage, and conviction to start new companies.
“Scott has given so much to the Crotty Center, and our students,” said Crotty Center Director and Fifth Third Bank Entrepreneur-in-Residence, Vince Lewis. “He provides real-world experience and guidance to several UD interns, he served as a judge in our Flyer Pitch competition, and was instrumental in launching a joint venture allowing The Entrepreneurs Center’s Entrepreneurial Services Program (ESP) to double the impact of the Flyer Pitch prize money of $25,000 by matching it in ESP support. This will have a tremendous impact on turning these budding entrepreneurs into viable, scalable businesses owners in our region.”
This year’s Flyer Pitch winner, also announced last night, was Edge Cycling Technologies. The company was founded by physical therapist and UD graduate Shane Page ( DPT ’10) and Wright State University graduate John Massengale (MBA ’09). Mr. Massengale visited Dr. Page’s physical therapy office for pain caused by his cycling hobby. The two combined their knowledge of anatomy and business respectively to found Edge Cycling Technologies and develop the PhysioSaddle, a revolutionary bike seat designed to eliminate pain from cycling. As a result of their win, Edge Cycling Technologies will have the opportunity to join the ESP program through The Entrepreneurs Center.
“Being named Volunteer of the Year was a great surprise and a true honor,” said Mr. Koorndyk, “but the real winners are all the UD entrepreneurship students. We saw so many innovative ideas, pitches, and micro- businesses this year; Vince and the Crotty Center should be very proud of the work their students are doing. And the TEC team is thrilled to include Edge Cycling Technologies in our programming; exciting things will come from this team and the other Flyer Pitch finalists.”
About The Entrepreneurs Center:
The Entrepreneurs Center (TEC) is the Miami Valley’s center for entrepreneurial excellence. TEC drives meaningful connections and provides significant resources to Miami Valley entrepreneurs and research institutes. TEC’s Innovation Program is designed to meet the various needs of all entrepreneurs from lifestyle to large-scale ideas and includes the Entrepreneurial Services Program, Dayton Tech Guide, SBIR TAP, Nucleus CoShare, Small Business Development Center and more. Learn more at TecDayton.com.
Contact: [email protected]
Phone: 937.531.6595
444 E. Second Street
Dayton, OH 45419
www.tecdayton.com
www.nucleusdayton.com
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A Letter from our President & Board Chair
At the Entrepreneurs’ Center, everything we do is driven by one goal: delivering real impact to the clients and communities we serve. Over the years, we’ve celebrated major milestones—but none more meaningful than the one we’re proud to share today.
Between 2017 and 2024, EC-supported businesses surpassed $1 billion in cumulative economic impact, measured through revenue generated, investment capital attracted, and grant funding secured.
That kind of impact doesn’t happen by accident. It’s the result of relentless work to make the Dayton Region one of the very best places to build a business—through bold programming, expanded access to capital, and a community that’s more connected than ever.
For high-growth, high-tech startups, we continue to lead the region’s Ohio Third Frontier Entrepreneurial Services Provider program. Today, we support more than 100 tech companies whose innovations are fueling job creation, attracting capital, and reshaping Dayton’s economic future. In 2025, our successes were recognized with a program extension through mid-2027.
At the same time, we remain equally committed to the small businesses that sustain and energize our communities. Through the Miami Valley Small Business Development Center, we served more than 500 Main Street entrepreneurs in 2024, offering education, one-on-one advising, and support to access the funding they need to grow. We also deepened our role as a convener, hosting Dayton Startup Week and welcoming over 400 attendees and 80 speakers to share, learn, and connect.
2024 was also a breakout year for the Arcade Innovation Hub, our flagship innovation space. Now home to more than 160 member companies, The Hub Powered by PNC Bank has become the region’s most dynamic gathering place for entrepreneurs, educators, and creatives. This partnership between the University of Dayton’s Crotty Center for Entrepreneurial Leadership and the Entrepreneurs’ Center is a powerful example of what’s possible when institutions work together to spark innovation.
From our earliest days as a startup incubator to today’s billion-dollar milestone, we’ve remained grounded in one mission: to build progress and prosperity through entrepreneurship. The future we envisioned is now happening—and we’re just getting started.
We’re deeply grateful to our public and private partners, our community collaborators, and especially the hundreds of small business owners and startup founders who trust us to walk alongside them. This impact is yours, too.
We believe the next billion is already on its way.
Scott Koorndyk, President
Dr. David Kirschman, Board Chair
Water technology innovators often face additional challenges, including high initial capital costs, long adoption timelines, complex regulatory environments, and limited access to commercialization support tailored to the sector.
The SBIR/STTR Accelerator addresses these barriers and aims to support startup fundraising efforts by helping participants:
- Understand and navigate the federal funding landscape
- Develop compelling value propositions and commercialization strategies
- Identify market opportunities and competitive advantages
- Strengthen business planning and investor readiness
- Build actionable plans for pursuing SBIR/STTR funding
A Letter from our President & Board Chair
As we reflect on another year of bold ideas, resilient founders, and transformative growth, it’s our pleasure to present the 2025 Annual Impact Report for Entrepreneurs’ Center—the Region’s venture development leader.
In 2025, our team remained focused on our mission: to accelerate the growth of entrepreneurial businesses across the Dayton region at every stage—from a good idea to a scaling business to a business attracting capital. Through targeted programming, expert mentorship, access to capital, and deep partnerships across the ecosystem, we continued to build a thriving environment where entrepreneurs can turn visionary ideas into economic engines for our community.
In 2024, we reported that our impact exceeded $1B since 2017. That momentum is not just continuing—it’s accelerating. In 2025 alone, EC-supported businesses generated more than $266M in economic impact, signaling a pace of growth that is compounding year-over-year.
These outcomes are more than numbers—they represent real stories of innovation, perseverance, and community reinvestment right here in Dayton. From high-growth technology startups to main-street businesses and neighborhood innovators, the entrepreneurs we serve are strengthening our regional economy and positioning Dayton as a hub for opportunity and progress.
None of this would be possible without the unwavering support of our Board of Directors, our funders, investors, corporate partners, academic collaborators, and dedicated team. Your belief in the power of entrepreneurship fuels our impact across the Miami Valley and beyond.
We invite you to explore the full 2025 Annual Impact Report to see the depth of our programs, the success stories of the founders we are privileged to work with, and the forward momentum we’re building together.
Thank you for your continued partnership as we continue to power progress and prosperity in the Dayton Region.
Scott Koorndyk, President
Dr. David Kirschman, Board Chair
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