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Raymond
Chauncey, Managing Director, Innovation
and Technology Commercialization
Ray is co- founder of BETA-1,
the Business and Emerging Technology Accelerator.
The accelerator speeds products to
market by equipping technology
entrepreneurs with critical resources, an appropriate operating
environment, and a proven process for commercialization. BETA-1 also
provides proactive business mentoring, combined with investment capital
from several sources.
Ray was
previously President of Benchmark Technology Consulting, which specialized
in business development and expansion for technology entrepreneurs. Prior to that, he served as Vice-President
and Chief Operating Officer of an Enterprise Florida Innovation and
Commercialization Corporation, a business incubator and consulting firm for
start-up companies. Ray has assisted over three-hundred businesses, and was
a member of the team that developed the North Florida Venture Capital Forum
and North Florida Venture Capital Network.
Prior to
his entrepreneurial ventures he
was instrumental in the commercialization of more than 30 products and
processes representing $430 Million in annual sales for several large
international corporations. The major projects were in Argentina, Brazil, Australia, Indonesia, Mexico, United Kingdom, France,
and Canada,
as he had direct responsibility for North America, as well as support for
his global counterparts on all new product start-ups. Ray has held a variety of
key positions in functional areas including engineering, research and
development, manufacturing and commercial operations. These experiences give him a unique perspective on
global technological, economic, political, and cultural environments, as
well as the many obstacles involved in the process of technology
commercialization
Ray earned a Master’s in
Business Administration (University of North Florida), a
Bachelor's in Industrial Technology, and completed additional Master’s
level courses in Industrial Engineering and Technology Entrepreneurship. He
is a member of the American Institute of Chemical Engineers, Licensing
Executives Society, National Business Incubation Association, and the
National Association of Seed and Venture Funds. He also serves on several
regional Boards and committees, including past Chairman of both the Nassau
County Economic Development Board, and Amelia Island Chamber of Commerce’s
Economic Development committee. Ray was appointed to the
regional WorkSource Board (Executive Committee),
and the High Skills/High Wage Committee. He is also on the boards of several start-ups, and knows first hand
what the problems are in launching new ventures. BETA-1, under his
leadership, won the Nassau County New Business Investment Award for 2002,
was awarded the Florida Economic Development Council’s Volunteer of the
Year for 2003. BETA-1 was also designated as a "2004 Business to
Watch" by Florida Trend Magazine.
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