Yank Technologies is an energy startup located in Binghamton, New York that is working on a product that will prevent your mobile devices from running out of battery. Josh Yank, the founder and CEO of Yank Tech, came up with the idea while pursuing his MBA at Binghamton University. Josh wanted to make the world’s best wireless charging device so no one would have to worry about their phone or computer dying when they need it most. So in December of 2013, Yank Tech was born and has been on a mission ever since – to provide power to phones, tablets, and laptops all without any wires.
Josh says he is upset with how quickly our devices die and typically during the most inopportune times. “How often have you gotten into a cab and before you could double-check your email for the address again, your phone died?” says Josh. Thousands of people have been stuck in this type of situation and Yank Tech made it their goal to prevent this situation from ever happening again.
Josh and the Yank Tech team are developing a wireless charging device called the MotherBox. This device would allow users to charge their mobile device wherever they go, all without any wires. The device is capable of charging devices within a two foot radius – giving the user the ability to move around and not have to worry about wires. Josh says that the MotherBox provides power when people are on the move and need it most.
The MotherBox also has a special “power on-demand” feature which sets itself apart from other devices. “The power on-demand feature allows the product to read the battery state of your device and charge it when it is below a certain battery threshold, such as 10%,” says Josh.
Josh mentioned an issue he faced when hiring a Chief Engineer for Yank Tech. He thought he has the perfect candidate locked up but the candidate ended up walking away from the opportunity. Launch NY provided Josh with an Entrepreneur-in-Residence, Bob Kot, that was able to act as a mentor for Josh. Josh says that Bob taught him a more effective hiring process that he could use. Josh even had Bob sit in on the next series of interviews so he would have someone with more experience in the room that could pick up on any red flags if there were any. “Bob has been very helpful in advice, guidance, and insight throughout my company’s growth, and he has been very instrumental in propelling us to where we are today as well as positioning us for great success in the future.” says Josh.
Josh believes that often times many young entrepreneurs overlook the importance of having an experienced mentor to rely on. “Having an experienced board of advisors is one of the most important things your can have for your business,” says Josh. He believes that that mentors’ experience will help the company learn and grow.
Yank Tech is currently finishing up a fully-functional prototype and it should be complete by early 2016. They are also planning a launching a crowdfunding campaign around that time as well.
Launch NY is responsible for providing support for over 400 businesses across Upstate New York. The mission of Launch NY is to identify high-impact companies and invest time, money, and resources to help these companies grow into successful businesses.