<< Back to Newsletter

A Year of Challenges and Triumphs

Description: http://www.nbia.org/memberabilia/images/from_nbia_CEOxmas.jpgBy David Monkman

As with Forrest Gump’s mama’s box of chocolates, you never know what you’re going to get with a new year. As I look back to the beginning of 2011, I remember thinking that for every cause of concern, there was a reason for hope, too.

Surveying the past year, hopeful events outweighed concerns, at least in the world of business incubation. We hear more and more of programs expanding, moving into additional space or larger facilities. Below you’ll read of incubation programs whose clients are bringing in higher revenues. Every day, it seems, there was new evidence in support of what we already know: Business incubation works.

At NBIA, 2011 was an exciting year. There were challenges, but in many ways, those made the year more bracing, like the first breath of air outdoors on a winter’s morning.

Our 2011 conference in San Jose, Calif., and Fall Training Institute in Oklahoma City were, as usual, a resounding success, as were our first-ever training events in Puebla, Mexico, and Moscow, and our Clean Energy Workshop in Baton Rouge, La.

Three years in the making, the U.S. Department of Commerce Economic Development Administration’s report on best practice business incubators gave us solid information about how we should conduct our programs. This provides a valuable tool in explaining to our stakeholders and communities how incubators work. In 2011, I met with many business development leaders around the world, in places as varied as South Africa, Taiwan, and, most recently, in Turkey at the Global Entrepreneurship Summit. There, I rubbed elbows with leading figures in business development, including U.S. Vice President Joe Biden.

Description: Larry Albertson

NBIA is hard at work preparing for February’s Summit for Advanced Incubation Professionals and for May’s 26th International Conference on Business Incubation, where incubation professionals from around the world will gather to share the latest strategies and tools for supporting entrepreneurs. We’re gathering information in the State of the Industry survey, which we’ll compile into helpful industry tools for our members. We are also working on two other new books scheduled for release in 2012: an update to NBIA’s best-selling Put it in Writing and a reference for rural incubator managers.

And we’re working on other exciting projects … I don’t want to spoil the surprise. Suffice it to say that 2012 looks to be an exciting and rewarding year for NBIA and for the business incubation industry. If 2011 was a tasty chocolate with some crunchy bits, here’s hoping for a 2012 that’s smooth and delicious.

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.

Copyright © 2012 NBIA