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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.”
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 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...) |
