Sophion Joins the Ranks of NJBIN Graduates

Chemist Takes the Plunge into Entrepreneurship

The Business Development Incubator at New Jersey City University

The Business Development Incubator (BDI) was established with the goal to improve the city's economic presence in the New York metropolitan area, revitalize the immediate neighborhood and provide employment and learning opportunities for New Jersey City University (NJCU) students by facilitating the formation of profitable technology-based entrepreneurial ventures. BDI's goal is consistent with the mission of the university, which includes a commitment to "the improvement of the educational, cultural, socioeconomic and physical environment of the surrounding urban region." (more...)

NJBIN Events Calendar

National Small Business Week
May 16-20

As part of National Small Business Week, the U.S. Small Business Administration recognizes the special impact made by outstanding entrepreneurs and small business owners. This year, National Small Business Week will honor the estimated 27.2 million small businesses in America, May 16-20, in Washington, D.C. Click here to read more.

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Spring 2011

Fund and Support the Entrepreneur and Advance Innovation, an Appropriate Response to Drive Economic Growth!

Q: Where do you find entrepreneurs?

A: They exist in all walks of life, in both the public and private sectors. Entrepreneurs are often most visible when associated with small businesses and young firms, especially early stage/expansion companies, where people are developing and testing the viability of technology and business applications. They are the residents in new business incubators throughout the world. (more...)

NJBIN Incubator News

Aestus Therapeutics Inc. (Aestus), announced in February 2011 that it had initiated screening of patients for a clinical trial to evaluate the efficacy of its novel pain therapeutic, ATx08-001. This placebo-controlled, two-dose level study will test the efficacy of ATx08-001 in reducing the pain following an outbreak of shingles. (more...)

Investor Insight: Q & A With Investor John Ason

John Ason has been an angel investor for over 14 years specializing in early stage pre-revenue companies. For about half of his investments, Ason has been the lead angel devoting a significant amount of his time to mentoring the companies. He has made about forty eclectic investments in the areas of e-commerce, technology, advertising, digital social media and entertainment. (more...)

Innovation Coalition Advocates for National Support for Innovation

By David Monkman

Earlier this year, I had the opportunity to participate in the Innovation Coalition Fly-in in Washington, D.C, along with NJBIN President Jerry Creighton. The purpose of the event was to advocate for policy initiatives and legislation that will spur economic growth and job creation, specifically investment in technologies and infrastructure to support the entrepreneurial ecosystem. Our message to legislators reinforced the points about advancing innovation that Jerry discusses in the main article of this issue. (more...)

U.S. Legislative Updates

By Erik Pages

As predicted, it's going to be a tough year for several programs of interest to the incubation industry. Recent budget votes have slashed key federal programs, and more cuts are expected.

The FY 2011 continuing resolution

After a long, drawn-out fight, Congress and the White House finally reached an agreement on the Fiscal Year 2011 budget. In a deal approved in early April, budget negotiators agreed to cut $40 billion in federal spending between now and Sept. 30. (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 Morristown EcoCenter in Morristown, N.J.; the New Jersey Meadowlands Commission’s Business Accelerator in Lyndhurst, N.J.; Kean University in Union, N.J.; and the Orange County Business Accelerator in New Windsor, N.Y. To check out more business incubation news, go to www.nbia.org and click on the RSS icon in the column on the left.

$400 Million in New Commitments for Startup America

Startup America recently announced a new wave of commitments totaling more than $400 million from participants including Google, LinkedIn, Microsoft, Intuit and HP. The resources and programs for entrepreneurs are part of the Startup America Initiative, launched in January as part of President Barack Obama’snational strategy to stimulate economic growth and the creation of quality jobs.

For a full list of participants and their commitments, check out the full release and fact sheet. Click here to access the new interactive Startup America Partnership Web site.

Investing in Seed-Stage Companies Increased 40 Percent From 2009 to 2010

Results from the second annual survey of members of the National Association of Seed and Venture Funds by NASVF and Temple University’s Fox School of Business indicate that venture and angel investing in seed-stage companies increased approximately 40 percent between 2009 and 2010. This upward trend may indicate a positive change for companies previously challenged by raising capital. Click here to access the NASVF/Fox School of Business report.

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 ARMY.	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 the Morristown EcoCenter.

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 statewide 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.