Rutgers Food Innovation Center to “Graduate” First International Client to New Facility

Rewriting a Personal — and Global — Destiny

Incubator in the Spotlight: The Incubator Inc. and The BOSS (Business One Stop Service)

NJBIN Events Calendar

Apply today for NBIA Incubation Awards

Volume 1 Issue 1
October 2010

A Letter from the NJBIN President

Dear NJBIN Community:

I am very pleased to introduce the first issue of the NBIA-NJBIN newsletter. The goal of this newsletter is to get the word out about how the New Jersey Business Incubation Network is working on economic solutions for New Jersey. (more...)

Joint Venture to Generate Economic Momentum

A joint venture between the National Business Incubation Association (NBIA) and the New Jersey Business Incubation Network (NJBIN)—in which NJBIN is established as the first chapter of NBIA--is bringing together state and national leaders to generate economic momentum in New Jersey. (more...)

NJ Now Home to Two Soft Landings International Incubators

The National Business Incubation Association has awarded the NBIA Soft Landings International Incubator designation to the Enterprise Development Center (EDC), a business incubator operated and sponsored by the New Jersey Institute of Technology in Newark. (more...)

NJBIN Incubator News

Sure-BioChem, a Burlington County College High Technology and Life Science Incubators and Rutgers Camden Business Incubator client, has been selected as a Life Science Award winner in the category of Best Incubator Company by the Philadelphia Business Journal. (more...)

Q & A with Angela D. Giampolo, Esquire

Editor’s Note: This column is designed to give people who are considering investing in companies based at NJBIN –member incubators insight into the investment opportunities that exist in New Jersey. (more...)

Investment Opportunities at NJBIN Incubators

EcoWalls LLC, a Rutgers EcoComplex client, is marketing vertical hydroponic gardens for indoor building decoration. The company has an excellent marketing program, and sales are expected to commence in 60-90 days. Recently, EcoWalls vertical gardens were featured at Disney's Epcot International Flower and Garden Festival. (more...)

Recent Impacts

MET Tech Inc., a New Jersey City University Business Development Incubator client since July 2007, graduated to larger facilities near the Liberty Science Center in Jersey City in May 2010. During its time at BDI, the company grew from a one-person operation to a viable company with the staff of six, including two PhDs. The relocation will enable the company to expand and set up prototyping and testing facilities. (Read more about MET Tech Inc. in Incubator News.)

Business Incubation in the News

Local and national media outlets regularly publish stories highlighting the benefits of business incubation. In just the past few weeks, NBIA has identified numerous articles featuring members, including the New Jersey City University Business Development Incubator in Jersey City, N.J.; the New Jersey Meadowlands Commission Business Accelerator in Lyndhurst, N.J..; the Andrew M. Scibelli Enterprise Center in Springfield, Mass.; and the Innovation Depot in Birmingham, Ala. To check out more business incubation news, go to www.nbia.org and click on the RSS icon in the column on the left.

EDA Reauthorization Could Provide More Flexible Incubator Funding

The U.S. Department of Commerce Economic Development Administration is a longtime funder of incubator facilities in the United States, but no federal funding currently is available for incubator operations. However, proposed new legislation could provide more flexible federal incubator funding. (more...)

NBIA Member Clients and Graduates Make Inc. 500/5000 List

The business incubation industry was well-represented on the 2010 Inc. 500/5000. Published annually by Inc. magazine, the list recognizes the fastest-growing private companies in the United States. Several clients and graduates of NBIA member incubation programs were among those honored this year. (more...)

Defending Incubator Budgets During Tough Economic Times

The worldwide economic crisis has dominated headlines for months now. But just what does a faltering economy mean for business incubation programs? (more...)

U.S. Legislative Updates

By Erik Pages

Passage of the landmark financial reform bill, the Dodd-Frank Wall Street Reform and Consumer Protection Act (H.R. 4173), was a major legislative achievement for Congress this year. The 2,300-page measure contains hundreds – if not thousands – of new initiatives and regulatory changes, most of which focus on preventing a recurrence of the financial problems that helped lead to the current economic downturn. (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 © 2010 NBIA