Capstone Capstone, Inc. - Building Successful Teams - Return to Home Page

Back to Capital Region Happenings

Tech Valley nonprofits can learn from Austin 's mistakes

Friday, February 22, 2008 - 11:45 AM EST

The Business Review – by Pam Allen

A recent study of Austin , Texas ' technology-driven economic development offers solid advice for the Albany , N.Y. , region's nonprofits: Don't expect a work force of young, wealthy 20-somethings to dip into their reserves as readily as their older, more established counterparts.

Many will be newcomers to the area who are limited to relationships within their small, high-tech work force, with few affiliations outside the tech community. To that end, non-profit groups must re-think the way in which they ask for donations, one local expert said.

Organizations must educate themselves about the cultural differences of the high-tech world, including the use of language. Nonprofits must then use that information to educate the high-tech work force about their service s, said Judith Saidel, co-chair of the Nonprofit Executive Roundtable, who was speaking Thursday to members of the Albany-Colonie and Schenectady chambers of commerce.

"'Partner' may mean one thing to us, and another to them," said Saidel. She explained that in the world of technology, "partnering" means suggesting ways to improve day-to-day-operations. In the language of nonprofits, the word means money or other donations, in-kind service s or volunteer time.

High-tech individuals also look at "donations" as sharing what they know.

"They're interested in sharing their business principles and what they've learned," Saidel said.

She was one of 33 people who visited Austin in 2003 to study the effects of the city's high-tech development. Since Tech Valley is in the incubation stage, nonprofits are in a position to learn from Austin 's mistakes, she said. One of those included turning to a select few wealthy donors and neglecting the stable base of smaller contributors.

Another is to steer clear of such tags as "cyber-stinginess" and "sudden affluence syndrome," labels that are used to describe individuals in the high-tech industry.

"We have to be careful we don't absorb a stereotypical view," Saidel said.

pallen@bizjournals.com | 518-640-6812

 

Capstone
   

Home | About Us | Process | Client List | Capital Region Happenings | Contact Us

Capstone, Inc.
971 Albany Shaker Rd.
Latham, NY 12110
Phone:
Fax:
E-Mail:
 518.783.9300
 518.783.9328
 
info@capstone-inc.com
©2001 Capstone, Inc.. All rights reserved.
This page was most recently updated on March 5, 2008
 
    Capstone