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World’s first RFID business incubator unveiled

Ty Greenlees/Ty Greenlees

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By Thomas Gnau, Staff Writer Updated 9:44 PM Tuesday, May 12, 2009

On the same day the Dayton RFID Convergence Center’s Web site — www.daytonrcc.com — debuted this week, the site received its first e-mail inquiry.

Bradley Proctor, chief executive of the convergence center, takes that as a good sign.

After all, said Steve Budd, president of the public-private Citywide Development Corp, the convergence center is now the “secret that won’t be a secret anymore.”

Touted as the world’s first business incubator for start-ups in the field of radio frequency identification technology, the Dayton RFID Convergence Center was unveiled for the first time at 711 E. Monument Ave. Tuesday May 12.

The center — found at Dayton’s 30-acre Tech Town business park — is looking for RFID firms who want to add to the area’s already existing concentration of RFID expertise — firms like Alien Technologies and Avery Dennison.

RFID allows objects or people to be identified wirelessly via radio waves.

Proctor talked of graduating 10 early- or late-stage start-ups, sending them out to Tech Town or the community each year. Every year, the incubator will be home to 150 entrepreneurs, who will themselves support another 1,000 suppliers, vendors and other workers, Proctor said.

Eighty percent of RFID companies in the United States are located east of the Mississippi River, the center says. Dayton’s own cluster of RFID companies and organizations includes Teradata, CDO Technologies and Wright-Patterson Air Force Base’s Advanced Sensors Directorate.

The convergence center, still being constructed, is scheduled to open in July in Tech Town’s $6 million, 35,000-square-foot Creative Technology Accelerator building. The center will be found on the accelerator’s second and third floors, sharing the building with IDCAST, the Institute for the Development and Commercialization of Advanced Sensor Technology.

When Tech Town is fully built, it will have 15 buildings and some 3,000 employees over 1.5 million square feet, Budd said.

The ROI on RFID

Radio Frequency Identification can identify items or people — even large groups of items or people — wireless via radio waves.

What’s the potential?

Imagine being able to check out a cart full of groceries by simply stepping past a device, without scanning individual items within the cart, said Bradley Procter, chief executive of the new Dayton RFID Convergence Center. Imagine buying a DVD player — or nearly anything else — and not worrying about whether you’ve kept the receipt, he said.

“It affects the retail market in a huge way,” Proctor declared.

RFID-enabled items also can help maintain better inventory, track shipping and defeat employee theft.

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