With its headquarters tucked in the humble town of
Bethlehem, Pa., the highly successful aquarium supply company EcoTech Marine
stands as an unexpected symbol of entrepreneurial success in the Lehigh Valley.
With over 500 stores carrying its products in over 30 countries, EcoTech Marine
was named one of Inc. 500’s fastest growing companies of 2010, earning $6.7 million
in revenue in 2011 alone. EcoTech Marine has broken free of the constraints of
the recession-stinted economy, standing as proof of the success that can come
from diligence and perseverance.
“To be an entrepreneur, I would recommend that you just need
to follow your passion,” said Pat Clasen, EcoTech co-founder and Director of
Finance. “Engineering or science…if it’s aquariums, if it’s music, you can
follow that and it can lead you to a career.”
With EcoTech Marine, Clasen and his team proved just that.
In 2003, Clasen and his Lehigh University fraternity brother Tim Marks teamed
up with Oklahoma State University student Justin Lawyer, looking to find
innovative ways to improve the “aquascape” for which they all had a passion. Originally
a small venture of Marks and Lawyer, EcoTech Marine stemmed from the duo’s shared
love for fish and reef tanks.
Soon after Clasen joined the team, the company’s first
prototype, the alkalinity and calcium-balancing Kalkwasser Reactor, was born.
Looking for additional funding for their project, Clasen—a
material science and Engineering major—heard about Lehigh’s Integrated Product Development program, which was accepting applications for its “Invitation to
Innovate” contest. The Reactor won the competition, earning EcoTech $2,000 and
the opportunity to work with IPD students to continue to develop its products.
In their sophomore year, Clasen and Marks applied for a
National Collegiate Inventors and Innovators Alliance grant, receiving
$8,380 in funding for prototyping, according to NCIIA website. Devoting a hefty
chunk of time to the company through their time in graduate school at Lehigh,
Clasey and Marks were able to experiment with and expand EcoTech’s reach in the
aquarium market.
“Our first product really didn’t take off,” said Clasen. “It
wasn’t until our second product took off and then we had to go through lots of
different changes and integrations and improvements…our first 300 units pretty
much all failed out of the box and it was through working through that and not
giving up…that got us to where we are.”
EcoTech’s second, more successful product was the VorTech MP40 pump, and it is still one of the company’s most successful products today,
almost a decade later. The innovative tank pump features a low-profile, safe
and efficient design that has earned the company and the extended VorTech line
a slew of accolades and success.
“The basic innovation is having a motor on the outside of
the aquarium and a propeller on the inside of the aquarium, using magnets to
couple the two halves together,” explained Clasen. “That idea got us very far
within the industry, and there are very significant benefits to having that so
that really got us into the market. But it’s that innovative mindset and that
ability to create products with the user experience in mind that’s really
allowed us to thrive.”
The unique, eco-friendly design of the pump keeps wires—and
therefore heat—out of the tank, requiring less electricity to cool the
aquarium’s water. Inspired by nature, the pump creates a natural undertow along
the sand bed in the tank, keeping the aquarium’s ecosystem healthier than a
standard pump.
“If you continue to try and continue to find new ways to
fail, you’re going to find that success. We were a little lucky that our second
‘failure’ kind of turned into a success. So when you look at entrepreneurs
around the world, everyone fails but it’s those who don’t give up, those who
continue to try and continue to innovate are the ones that succeed.”
In May 2008, according the EcoTech Marine website, the
VorTech MP40 earned the team a prestigious Innovation Award from the Ben Franklin Technology partners of Lehigh University. Different versions of the
VorTech pump, built to serve smaller and larger tanks than the MP40, have also
earned Reefbuilders.com and Marine Depot “Best Aquarium Product of the Year”
awards.
EcoTech’s most recent product, the Radion XR30w LED lighting system, has also proved successful; in Jan. 2012, Reefbuilders.com named the
product the winner of the 2011 LED Showdown.
Clasen explained his two-pronged philosophy on the company’s
booming success.
“What I always say is if you’re interested in creating
products, if you’re interested in becoming an entrepreneur, who need to do two
things—you need to find your passion and you need to never give up.”
Stressing the integral support that EcoTech received from Lehigh
and the Valley at the start of the venture, Clasen also spoke to the company’s
commitment to the local economy and the Lehigh community.
“Right now we’ve got about 30 full-time EcoTech employees,
so we’re reinvesting into the area. We also have manufacturing firms that come
from the Lehigh Valley, so from that perspective we contribute back. We also go
back and sponsor IPD ourselves—we sponsor teams every year, so that’s
generating new products and it’s kind of coming full circle.”
Follow EcoTech on Twitter @EcoTechMarine or visit their Facebook page.
Follow EcoTech on Twitter @EcoTechMarine or visit their Facebook page.
EcoTech Marine will be presenting at the March Lehigh Valley Tech Meet-up - March 20th at 7:00pm at Ben Franklin Tech Ventures. Come out and hear their story first hand.
ReplyDeleteCheck out this link for details: http://www.meetup.com/lehigh-valley-tech/events/49412032/
Thanks for letting us know, Anthony! I will definitely try and go check that out and encourage others to do the same; the company is really intriguing and a great inspiration for aspiring entrepreneurs.
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