BagUps: Creating Employment Opportunity for Disabled Vets
Growing Jobs: Assisting Entrepreneurs Leads to Solid Job Growth
NJBIN Events Calendar
Policy Confusion Hinders Manufacturing Sector, New Report
Have an Opinion or Idea on EDA Regulations? Speak Up Now
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Welcome to the fall/winter issue of our newsletter!
As this newsletter went to print, the war in Iraq officially ended. Soon, one million veterans will be rejoining the workforce. I was saddened by the dire predictions of the difficulties veterans will face as they settle back into civilian life, but I was heartened by the stories in this issue about two NJBIN companies that are poised to grow and make a positive impact on the veteran community.
Each of our 12 incubators has its own mission and focuses on different types of communities. Some focus on the life sciences community; others nurture the alternative energy community or the specialty food production community. Some incubators focus on economic development in communities that are defined by geographic boundaries, such as Camden Community. Although each focus is slightly different, we all share the same fundamental mission to create high-quality jobs and economic development in New Jersey.
I hope that you will enjoy our stories and share our appreciation of the different types of communities that we serve.
NJMC Business Accelerator
SpeechTrans Inc. claimed the top prize at the Venture Association New Jersey Fall Entrepreneurs Expo & Elevator Pitch Olympics in Whippany. The early-stage company, whose advanced translator applications allow people to carry out real-time conversations in more than 20 languages using their smart phones and iPads, earned a perfect score from a panel of investors and finished first out of 28 participants. (more...)
What Are Angel Investors Investing In?
About 50 entrepreneurs in the Camden/Philadelphia region attended a recent event that featured angel investors who answered the question that is on so many minds: what are angel investors investing in? The event was co-hosted by the Angel Venture Fair and the New Jersey Business Incubation Network and was held at the Rutgers Business Incubator in Camden. (more...)
EDA Study Confirms Value of Best Practices
A new study by the U.S. Department of Commerce Economic Development Administration confirms that business incubation contributes to entrepreneurial success, demonstrates that the most successful incubators employ best practices and shows that incubator programming and management have the greatest impact on client success. (more...)
A Year of Challenges and Triumphs
By David Monkman
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. Every day, it seems, there was new evidence in support of what we already know: Business incubation works.
U.S. Congress Approves Six-Year Extension, Funding Overhaul of SBIR/STTR
After five years of failed attempts, the U.S. House of Representatives and Senate have agreed to a six-year reauthorization of the Small Business Innovation Research and Small Business Technology Transfer programs. The programs have limped along on short-term reauthorizations – 14 of them since full authorization expired in 2008. The current authorization had been scheduled to expire Dec. 15, but a House-Senate conference committee approved the new measure Dec. 12 as part of the government’s main defense appropriations bill. (more...)
Entrepreneurs Are Key Drivers of U.S. Economic Prosperity
By Erik Pages
It has taken some time, but it now appears that many in Congress are recognizing something that NBIA members have long known: Entrepreneurs are key drivers of U.S. economic prosperity. In the past year, several pieces of interesting entrepreneur-friendly legislation have been introduced. These bills have uncertain prospects for passage, but they seem to be a sign that at least some in Congress finally "get it." (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 New Jersey Meadowlands Commission’s Business Accelerator in Lyndhurst, N.J. To check out more business incubation news, visit NBIA's Industry News page.
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