August 5, 2013
NBIA Director of Member Services
ATHENS, Ohio—A panel of experienced business incubation professionals has selected the most recent recipients of the National Business Incubation Association’s Soft Landings designation. Launched in 2005, NBIA’s Soft Landings program recognizes incubators that excel at helping nondomestic companies enter the incubator’s domestic market.
The Industrial Technology Research Institute Incubator Center in Hsinchu, Taiwan, and the Purdue Technology Center at West Lafayette in West Lafayette, Ind., received the Soft Landings designation for the first time. The Louisiana Business & Technology Center of Baton Rouge, La., and the University City Science Center Port Business Incubator Program of Philadelphia earned their first renewal of the Soft Landings designation.
Business incubation programs like these catalyze the process of starting and growing companies by providing entrepreneurs with the expertise, networks and tools they need to make their ventures successful. Incubating nondomestic firms takes more than the standard set of incubation services, however. “The Soft Landings designation recognizes an incubator’s focus on welcoming nondomestic firms into its domestic market with cultural translation services, help getting through red tape and other programs,” said Randy Morris, NBIA director of member services.
Soft Landings International Incubator designations are effective for two years; programs must reapply biennially to retain the designation.
For more information about NBIA’s Soft Landings program, visit www.nbia.org/member_services/soft_landings.
The National Business Incubation Association is the world’s leading organization advancing business incubation and entrepreneur support. Since 1985, NBIA has provided industry professionals with the information, education, advocacy and networking resources they need to bring excellence to the process of assisting early-stage companies.
NBIA estimates that approximately 1,250 business incubation programs operate in the United States today and approximately 7,000 incubation programs operate worldwide. In 2011 alone, NBIA estimates that North American incubators assisted about 49,000 start-up companies that provided full-time employment for nearly 200,000 workers and generated annual revenue of almost $15 billion.
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