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Business Incubator Series: Jerry Creighton, Enterprise Development Center, New Jersey Institute of Technology – Newark (Part 7)

Posted on Friday, Apr 22nd

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

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Business Incubator Series: Ross Sanders, Bizdom U – Detroit, Michigan and Cleveland, Ohio (Part 3)

Posted on Thursday, Apr 21st

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]

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Business Incubator Series: Jerry Creighton, Enterprise Development Center, New Jersey Institute of Technology – Newark (Part 6)

Posted on Thursday, Apr 21st

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

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Business Incubator Series: Ross Sanders, Bizdom U – Detroit, Michigan and Cleveland, Ohio (Part 2)

Posted on Wednesday, Apr 20th

By guest authors Irina Patterson and Praveen Karoshi Ross: [Since LLG is an online training platform for a pre-licensing exam for the insurance sales force], we can grow the company in Detroit, Michigan, but we can service the entire country and we don’t have to be in those different states in order to sell our

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Business Incubator Series: Ross Sanders, Bizdom U – Detroit, Michigan and Cleveland, Ohio (Part 1)

Posted on Tuesday, Apr 19th

By guest authors Irina Patterson and Praveen Karoshi I am talking to Ross Sanders, executive director of Bizdom U, which is a not-for-profit business accelerator, that is in some ways similar to Y Combinator and yet different in others. The founder of Bizdom U is Dan Gilbert, a serial entrepreneur, chairman and founder of Quicken

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Business Incubator Series: Jerry Creighton, Enterprise Development Center, New Jersey Institute of Technology – Newark (Part 5)

Posted on Monday, Apr 18th

By guest authors Irina Patterson and Candice Arnold Jerry: One of the areas that works well for us is I have very strong networking here. One of the reasons I have those networking sessions is so that people come in, and they actually sit down and talk to each other. Because of that, they might

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Business Incubator Series: Tim Lavengood, Technology Innovation Center – Evanston, Illinois (Part 10)

Posted on Monday, Apr 18th

By guest authors Irina Patterson and Praveen Karoshi Irina: Are there any financial firms that specialize in software escrow? Tim: Very few. It’s a good business to get into. It is emerging, because software code is an asset. It is a transferable asset, unlike making something in a factory. If this code has proven commercial

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Business Incubator Series: Jerry Creighton, Enterprise Development Center, New Jersey Institute of Technology – Newark (Part 4)

Posted on Sunday, Apr 17th

By guest authors Irina Patterson and Candice Arnold Irina: How many inquiries do you receive a month? Jerry: I get two or three a week. Irina: Out of those, how many do you usually accept? Jerry: That’s a very good question. It’s a cyclical thing. Typically, 50% of them are people who will say, “I

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