As an insurance defense attorney for 35 years, James Chapman saw the need for a litigation management tool to enable faster and less expensive resolutions of lawsuits. In 2018, he launched a company to provide that tool. One of his first moves was to contact the Hampton Roads SBDC. Three years later, James is glad he did.
“In 2018, I was interested in what tools were out there to help us grow a business,” he explains. “Through the SBDC, we had an opportunity to get involved in a cohort through the Innovation Commercialization Assistance Program (ICAP).” Backed by the Virginia SBDC Network, ICAP helps Virginia’s entrepreneurs maximize the potential of their technology startups. “I applied for ICAP through the Hampton Roads SBDC,” James adds. “I worked with Bob Smith and, later, Josh Green.”
The ICAP cohort met weekly. “ICAP focused on the concept of customer discovery — figuring out who customers were and deciding what ideas would appeal to them,” James explains. “During each weekly class, we reported on our customer discovery and how we could use that information.” After the first month, ICAP classes moved online. “ICAP continued to provide support for each business following the cohort,” James adds.
When they received a $50,000 grant from the National Science Foundation (NSF), the company continued their customer discovery journey with I-Corps. Created in 2011 by NSF, I-Corps helps entrepreneurs with promising ideas and technologies move from the laboratory into the marketplace. “It was through ICAP that we learned about I-Corps,” James says.
In 2020, the company was one of five selected for an accelerator program. “During the accelerator program, and in spite of the COVID environment, we were able to build out our software,” James reports.
Now in 2021, three years after making a connection with the SBDC, their software product, ClaimEdge, is in pilot testing with a major insurance company. “The SBDC’s ICAP program was a great way to get our business started,” James says.
James continues to keep in touch with ICAP, sitting in on monthly meetings four or five times a year. “I absolutely recommend the SBDC,” James concludes. “With the SBDC, you have a whole team that’s ready to help you out.”