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	<title>Technically Philly &#187; LeBow College of Business</title>
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		<title>Devnuts: the youngest collaboration and incubation workspace in Northern Liberties</title>
		<link>http://technicallyphilly.com/2010/09/29/devnuts-the-youngest-collaboration-and-incubation-workspace-in-northern-liberties</link>
		<comments>http://technicallyphilly.com/2010/09/29/devnuts-the-youngest-collaboration-and-incubation-workspace-in-northern-liberties#comments</comments>
		<pubDate>Wed, 29 Sep 2010 15:30:25 +0000</pubDate>
		<dc:creator>Christopher Wink</dc:creator>
				<category><![CDATA[Shop Talk]]></category>
		<category><![CDATA[Coworking]]></category>
		<category><![CDATA[LeBow College of Business]]></category>
		<category><![CDATA[TED]]></category>

		<guid isPermaLink="false">http://technicallyphilly.com/?p=11148</guid>
		<description><![CDATA[The two dozen 20-somethings behind Devnuts are organizing. The Northern Liberties collaborative workspace is aiming at being seen as a more comprehensive collection of professionals. Announced with a sleek new website launch yesterday, the Devnuts crew is abutting its form of co-working with a heavier focus on incubation and selling its pooled talent. &#8220;Devnuts does [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://devnuts.com/"><img class="alignnone size-medium wp-image-11213" title="devnuts" src="http://technicallyphilly.com/wp-content/uploads/2010/09/devnuts-420x224.png" alt="" width="420" height="224" /></a></p>
<p>The two dozen 20-somethings behind <a href="http://devnuts.com/">Devnuts</a> are organizing.</p>
<p>The Northern Liberties collaborative workspace is aiming at being seen as a more comprehensive collection of professionals.</p>
<p>Announced with a sleek new website <a href="http://devnuts.com/blog/Devnuts-com_Relaunches">launch yesterday</a>, the Devnuts crew is abutting its form of co-working with a heavier focus on incubation and selling its pooled talent.</p>
<p>&#8220;Devnuts does three things,&#8221; says John Fazio, one of the co-founders. &#8220;First, it&#8217;s a co-working  space that you can  apply for  a desk space to rent. Second, it&#8217;s an  incubator [for young startups]. Third, because we&#8217;ve  built a talent pool   around us, we&#8217;re selling development talent.&#8221;</p>
<p>With <a href="http://devnuts.com/team">a contractor circle of 22</a>, including seven employees and at least that many interns, in addition to others on the periphery, relationships with Drexel University and the Science Leadership Academy to bring in new startups to house and testimonials for building homepages for <a href="http://theroots.com">the Roots</a> and <a href="http://tedxphilly.com/">TEDxPhilly</a> to name just two , the Devnuts crew seems to be doing well with all three.</p>
<p><span id="more-11148"></span></p>
<div style="margin: 5px; padding: 10px; float: right; width: 185px; background-color: #cccccc;">
<p><strong>What Devnuts means&#8230;</strong></p>
<p>In case you are wondering, yes, the Devnuts crew gets  asked a lot what the name means.</p>
<p>And, yes, it&#8217;s what you probably can  guess.</p>
<p>&#8220;[Chris and I] buy tons of domains, all the  time,&#8221; says John Fazio. &#8220;When we came up with the idea [in 2007], we  went through our list of, let&#8217;s say, 500-plus domains and one was  Devnuts.com.&#8221;</p>
<p>It was among the shorter, catchier domains they had, but the  pair had actually already made a logo for what they had thought would be  a tech support company.</p>
<p>&#8220;We were lazy,&#8221; Fazio says now, with the hint of a smile, &#8220;so we took it and ran with it.&#8221;</p>
<p>&#8220;Hey, &#8216;we&#8217;re nuts about development.&#8221;</p>
</div>
<p>For now, the management decisions are being made by the kids, though they&#8217;re smart enough to get their advice wherever they can find it.</p>
<p>Former Drexel classmates Chris Alfano and John Fazio launched Devnuts  in spring 2007 to marry their respective freelance web development  work. (Matt Monihan, another former Drexel student, joined on as a third partner last month.) A year and a half later, the pair and their com-padres opened a  3,000 square-foot shared work environment at Third and Poplar streets,  formerly a glass-blowing factory.</p>
<p>That&#8217;s quite a journey for a pack of 20-somethings. from first conceiving their notion of co-working in the concept&#8217;s infancy three years ago at 3 a.m. in Alfano&#8217;s living room-turned office in Bensalem.</p>
<p>Now, they&#8217;re trying to differentiate themselves into an increasingly more formal collaboration.</p>
<p>So where, say, famed Old City co-working space <a href="../companies/independents-hall">Independents Hall</a> is focused more on having free and open workspace, which often results in collaboration, Devnuts is, as Fazio puts it, &#8220;a bit more selective&#8230; [with] an application and  interview process&#8221; for their team, who, incidentally, largely work together on a hacked-up version of Google Wave.</p>
<p>Incubation will be an increasing part of that plan.</p>
<p>For the past three Drexel terms, successful contestants in the LeBow College of Business&#8217;s popular business plan competition have visited  Devnuts management to pitch their idea. For either stake out right  payment, those startups or others can get mentorship, space,  collaboration and a community.</p>
<p>&#8220;Well, Zach Kozac is our oldest employee or contractor &#8212; he&#8217;s 25,&#8221; Fazio says. &#8220;As far as mentors, the lawyers, accountants and business consultants are mostly old heads.&#8221;</p>
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		<title>Drexel boasts tech, with smart grid system and incubator entrants</title>
		<link>http://technicallyphilly.com/2009/07/08/drexel-boasts-tech-with-smart-grid-system-and-incubator-entrants</link>
		<comments>http://technicallyphilly.com/2009/07/08/drexel-boasts-tech-with-smart-grid-system-and-incubator-entrants#comments</comments>
		<pubDate>Wed, 08 Jul 2009 15:30:34 +0000</pubDate>
		<dc:creator>Christopher Wink</dc:creator>
				<category><![CDATA[Features]]></category>
		<category><![CDATA[Drexel University]]></category>
		<category><![CDATA[incubator]]></category>
		<category><![CDATA[LeBow College of Business]]></category>
		<category><![CDATA[Mike Armstrong]]></category>
		<category><![CDATA[Ranter]]></category>
		<category><![CDATA[Stabiliz Orthopaedics]]></category>
		<category><![CDATA[University City]]></category>
		<category><![CDATA[Viridity Energy]]></category>
		<category><![CDATA[West Philadelphia]]></category>

		<guid isPermaLink="false">http://technicallyphilly.com/?p=4339</guid>
		<description><![CDATA[The City Six school with the computer science cred boasted its tech influence from two different places in big ways in recent weeks. Drexel University is planning on deploying a smart grid system that will provide real-time measurements of location-specific energy outputs across its 65-acre campus in University City, as reported by inTech yesterday. The [...]]]></description>
			<content:encoded><![CDATA[<p><img class="alignnone size-full wp-image-4343" title="p1010045" src="http://technicallyphilly.com/wp-content/uploads/2009/07/p1010045.jpg" alt="p1010045" width="420" height="250" /></p>
<p>The City Six school with the computer science cred boasted its tech influence from two different places in big ways in recent weeks.</p>
<p>Drexel University is planning on deploying a smart grid system that will provide real-time measurements of location-specific energy outputs across its 65-acre campus in University City, <a href="http://www.isa.org/InTechTemplate.cfm?Section=Technology_Update1&amp;template=/ContentManagement/ContentDisplay.cfm&amp;ContentID=77685">as reported by inTech yesterday</a>. The real-time pricing technology, which will come from Conshohocken-based <a href="http://www.viridityenergy.com/viridity_vpower.html">Viridity Energy</a>, will give Drexel the wherewithal to purchase power at low-demand times of the day and sell excess power back to the general power grid for profit.</p>
<p>That bit of news followed an announcement from the school&#8217;s LeBow College of Business that three new startups were welcomed into its <a href="http://www.lebow.drexel.edu/Centers/Baiada/Entrepreneur/Incubation.php">Baiada Center for Entrepreneurship</a> business incubator, all with a touch of technology. The three new entrants are Ranter, a social-networking tool that allows users to text groups; Konnect.me, a business-to-business Web portal and Stabiliz Orthopaedics, which is developing bone fasteners with bio-absorbable materials, <a href="http://www.philly.com/philly/business/Warming_to_the_business_incubator.html">as first reported by Mike Armstrong of the Inquirer</a>.</p>
<p><span id="more-4339"></span>Those companies crashing at LeBow&#8217;s incubator will be in decidedly more energy efficient digs once the university gets its smart grid system up and running, it boasts.</p>
<p>The technology from Veridity, called &#8220;virtual generation,&#8221; is said to give customers the chance to develop independence from the public grid by storing and dealing power. The grid reduces energy waste by using computer monitoring instead of a switch to allocate energy resources by use.</p>
<p>&#8220;Drexel has a long-standing commitment to apply the University’s technical and research capabilities to solving challenges in our communities. One of the greatest challenges we face today is the ability to meet current and future power demand through investment in clean and distributed energy resources,” interim University President C.R. “Chuck” Pennoni <a href="http://www.isa.org/InTechTemplate.cfm?Section=Technology_Update1&amp;template=/ContentManagement/ContentDisplay.cfm&amp;ContentID=77685">told inTech</a>.</p>
<p>The new incubator bunkmates &#8212; who join 15 other businesses housed at Baiada by Armstrong&#8217;s count &#8212; all won a competition to earn the space, in addition to seed money, including the $12,000 awarded to Stabiliz.</p>
<p>The 20-something principals behind the Ranter texting tool seemed to catch Armstrong&#8217;s fancy &#8212; highlighting the crush of Drexel&#8217;s recent Web news.</p>
<p>Ranter will have a beta version of what Armstrong called a &#8220;would-be Twitter killer,&#8221; in three months.</p>
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