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Winter 2011



Supporting Incubation is Simple Economics for New Jersey!

What is the New Jersey Incubation Network (NJBIN) and what is its mission?

NJBIN is a collaborative of 12 business incubators in New Jersey that support the R&D and commercialization of primarily technology and life science start-up to early-stage and expansion companies in New Jersey. (more...)

Legislative Matters: The Small Business Innovation Research (SBIR) Program in Jeopardy

The U.S. Small Business Administration (SBA) Office of Technology administers the Small Business Innovation Research (SBIR) Program. Through this competitive program, SBA ensures that the nation's small, high-tech, innovative businesses are a significant part of the federal government's research and development efforts. Eleven federal departments participate in the SBIR program. (more...)

NJBIN Incubator News

Illumination Machines is moving into light emitting diodes (LED) light bulb design and licensing in response to the ban of incandescent light bulbs that will become effective in the United States on January 1, 2012. The company has produced an optical solution to converting LED technology into omnidirectional light distribution required to replace the incandescent bulb. With 50 percent of lighting fixtures requiring an omnidirectional beam, this solution is crucial to integrating efficient LED technology into the lighting industry. Illumination Machines produces its own intellectual property related to LED lighting and has 23 patents pending. (more...)

Investor Insight: Michael Doyle of Goldin Ventures

Early stage technology companies that have just completed the “birthing” and commercialization phase and are poised to enter the acceleration phase are at a very awkward stage. In all likelihood, they have had the financial support of angel investors up to this point, but their pending growth brings financial needs that are too great for angel investors and not large enough for venture capitalists. Michael Doyle, president of Goldin Ventures, sees that point in a business’s lifespan as his best window of investment opportunity. (more...)

People 2 Business Teams Up Startups, Executive Mentors

An untold number of tomorrow’s greatest companies are operating in basements and garages all over the world. In New Jersey, many of them eventually find their way into one of the state’s 12 business incubators where entrepreneurs are eager to connect with potential guidance from those who’ve “been there, done that.” (more...)

Business Incubation in the News

Local and national media outlets regularly publish stories highlighting the benefits of business incubation. In just the past few months, NBIA has identified numerous articles featuring members, including the Rutgers-Camden Business Incubator in Camden, N.J.; the New Jersey Institute of Technology’s Enterprise Development Center in Newark, N.J.; the Emerging Technology Centers of Baltimore; and the Youngstown Business Incubator in Youngstown, Ohio. To check out more business incubation news, go to www.nbia.org and click on the RSS icon in the column on the left.

Chief Counsel Testifies, Calls for Repeal of 1099 Requirement

The U.S. Small Business Administration’s Chief Counsel for Advocacy Winslow Sargeant has called for the repeal of expanded Form 1099 reporting requirements, according to the December issue of The Small Business Advocate. He testified at a November hearing before the U.S. Senate Committee on Small Business and Entrepreneurship, “Next Steps for Main Street: Reducing the Regulatory and Administrative Burdens on America’s Small Businesses,” which focused on regulatory issues that affect small businesses. Sargeant’s testimony is online at www.sba.gov/advo/laws/test10_1118.html. (more...)

New SBA Initiatives to Increase Lending to Underserved Communities

Since 2008, lenders have tightened their belts and reduced the flow of loans to small businesses. That cinch especially has strained traditionally underserved communities, including women, minorities and rural regions. Two new initiatives announced by the U.S. Small Business Administration in December are designed to help entrepreneurs overcome challenges and attain SBA-backed loans. (more...)

U.S. Legislative Updates

By Erik Pages

November’s midterm elections ushered in some big changes in Washington, D.C. In the aftermath of what President Barack Obama referred to as their “shellacking,” Democrats are trying to regroup. Meanwhile, Republicans are getting ready to assume leadership of the House of Representatives. By gaining control of the House, Republicans assured that they would hold the chairmanships and larger staffs on all House committees. We will outline details of these changes in an upcoming issue. (more...)

Where Are All the Stimulus Dollars?

Curious about how money from the Obama administration’s stimulus bill is distributed throughout the U.S.? Or what percentage of stimulus funding is being spent in your county? (more...)

New Jersey: The Right State for Entrepreneurs and Business Venture Development

Are you a visionary entrepreneur with an awe-inspiring business plan? Do you have the technical know-how to be competitive? If yes, an incubator in our network could be the next home for your business. To find out more, send an email inquiry through the “contact us” form on our website (www.njbin.org/). We will be in touch about potential opportunities for your company within our statewide network of 12 incubators.

Burlington County College High Technology and Life Science Incubators encourage and assist entrepreneurs with innovative, commercially attractive technology and science ideas to start and grow their companies, in a supportive environment.

The Business Development Incubator at New Jersey City University is an integral part of the Smart Growth Redevelopment Plan for Jersey City-Westside.

The Commercialization Center for Innovative Technologies’ core mission is to assist start-ups to become successful companies that will leave the center financially viable, strengthening the economy by commercializing critical technologies and creating jobs.

The Enterprise Development Center at the New Jersey Institute of Technology is New Jersey’s oldest and largest incubator for technology and life-science companies, having graduated over 79 successful businesses since its start-up in 1988.

The New Jersey Meadowlands Commission Business Accelerator provides a unique opportunity for entrepreneurial companies focused on alternative energy and green technologies and services.

The Incubator Inc./The BOSS (Business One Stop Service) offers centralized business resources including access to various private /public business development organizations to enable businesses to develop and grow.

The Picatinny Innovation Center works with the US ARMY development organizations to bring new products to market based on Department of Defense technologies, while making new "high tech" products available to the ARM

Rowan University’s Rohrer College of Business Incubator is supported by the College of Business and managed by the Center for Innovation & Entrepreneurship.

The Rutgers-Camden Business Incubator encourages entrepreneurs to locate their businesses in Camden and assists them with low-cost office and conference space, technical support services and mentoring for successful startup.

With the support of the State of New Jersey, the Burlington Board of Chosen Freeholders, Rutgers University School of Environmental and Biological Sciences and the New Jersey Agricultural Experimentation Station, the Rutgers EcoComplex delivers on its four mission areas of solid waste management, renewable energy, water resources, and controlled environment agriculture.

The Rutgers Food Innovation Center is a unique business incubation and economic development accelerator program, which provides business and technology expertise to small and mid-sized food and agribusinesses in New Jersey and utilizes its outreach capacity to reach the food industry throughout the nation.

The Sustainable Business Incubator is a program of the Institute for Sustainable Enterprise at Fairleigh Dickinson University's Silberman College of Business.

The National Business Incubation Association (NBIA) is the world’s leading organization advancing business incubation and entrepreneurship. Each year, it provides thousands of professionals with information, education, advocacy and networking resources to bring excellence to the process of assisting early-stage companies. An elected, voting board of directors representing the world's leading incubators governs the association.

The New Jersey Business Incubation Network (NJBIN) is a collaborative state-wide community of business experts, resources and facilities dedicated to enhancing the commercial success of early-stage entrepreneurial companies, growing higher paying jobs in New Jersey and supporting the Economic Growth Strategy for the State.

Copyright © 2011 NBIA