By guest authors Irina Patterson and Vandana Upadhyay Irina: How many of these companies are technology businesses? Is there any industry preference? Linda: Almost all are technology businesses. A lot of it is mobile and Internet but there are business services as well. Among the ones that won last year, one is a business service
By guest authors Irina Patterson and Praveen Karoshi Ross: Our selection is a rigorous process. We are trying to get the more serious people because we have invest a lot time and energy and resources into these folks, so we want to get in people who are really serious about it.
By guest authors Irina Patterson and Vandana Upadhyay I am talking to Linda Darragh, who is director of entrepreneurship programs and clinical associate professor of entrepreneurship at the Booth School of Business at the University of Chicago. She teaches the New Venture Lab and the Social Entrepreneurship Lab and has been a coach for the
By guest authors Irina Patterson and Praveen Karoshi Ross: Our entrepreneurs get access to resources and funding for their business. We think it is a huge opportunity. They get a stipend, as I mentioned, for the four months, while in the program. We provide laptops and BlackBerries; really everything connected with to program, so they
By guest authors Irina Patterson and Praveen Karoshi Irina: How many companies have you incubated to date? Ross: Right now we have 11 companies that we are working with. There are a few more that we have launched. They have not recorded funding yet, but we have 11 that have gotten funding.
By guest authors Irina Patterson and Candice Arnold Jerry: Very few of the SBA [Small Business Association] programs are of any value to us. Most of the companies here, their main asset is intellectual property. Intellectual property is different from brick-and-mortar [property]. If people go through SBA funding sources, they have to use their personal
By guest authors Irina Patterson and Praveen Karoshi Irina: Could you describe an ideal company that would benefit from your program? Ross: Most people that we bring into our program do not have established businesses. They are people who are seeking out ideas. I can give you an example. There was a woman [Judy Davids]
By guest authors Irina Patterson and Candice Arnold Jerry: What our success is in, it’s the tech development side; it’s helping the economy grow; it’s creating jobs; it’s attracting businesses and investors to New Jersey, and building a high-tech, world-class workforce of people who want to stay in the state. Those are my mission objectives