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Business Incubator Series: Tim Lavengood, Technology Innovation Center – Evanston, Illinois (Part 9)

Posted on Sunday, Apr 17th

By guest authors Irina Patterson and Praveen Karoshi Irina: How many of your entrepreneurs work on software businesses? And what kind of software? Tim: It would be probably about 50% of our companies, either half or just under half. A lot of people want to hook on to enterprise software programs. Many are interested in

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Business Incubator Series: Jerry Creighton, Enterprise Development Center, New Jersey Institute of Technology – Newark (Part 3)

Posted on Saturday, Apr 16th

By guest authors Irina Patterson and Candice Arnold Jerry: When we hire students at the incubator, the university pays the students weekly, and then I bill the company and they reimburse the university for the students’ services. Irina: How are the faculty compensated? Jerry: It’s up to them. It could be free. It could be

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Business Incubator Series: Tim Lavengood, Technology Innovation Center – Evanston, Illinois (Part 8)

Posted on Saturday, Apr 16th

By guest authors Irina Patterson and Praveen Karoshi Tim: We had other ways of doing our Japanese program. We could have gone there. There are other ways of doing that, but that is the way they wanted to do it. They really wanted to see the environment here, which was great, but it wound up

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Business Incubator Series: Jerry Creighton, Enterprise Development Center, New Jersey Institute of Technology – Newark (Part 2)

Posted on Friday, Apr 15th

By guest authors Irina Patterson and Candice Arnold Irina: How many companies have been incubated since 1988? Jerry: I wouldn’t know. I presently have 95 companies in my center. We are the largest technology center in the country, to the best of my knowledge.

Business Incubator Series: Tim Lavengood, Technology Innovation Center – Evanston, Illinois (Part 7)

Posted on Friday, Apr 15th

By guest authors Irina Patterson and Praveen Karoshi Irina: What are your metrics for success? What do you measure? Tim: One of the things we measure is graduation. We try to track our companies, we can’t do it. It is very hard and very expensive. But we have had Northwestern faculty track companies in the

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Business Incubator Series: Jerry Creighton, Enterprise Development Center, New Jersey Institute of Technology – Newark (Part 1)

Posted on Thursday, Apr 14th

By guest authors Irina Patterson and Candice Arnold I am talking to Jerry Creighton, executive director of the Enterprise Development Center at New Jersey Institute of Technology (NJIT).  Based in Newark, New Jersey, the center is home to nearly 86 high-tech and life sciences companies. The center’s entrepreneurs have access to the institute’s facilities and

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Business Incubator Series: Tim Lavengood, Technology Innovation Center – Evanston, Illinois (Part 6)

Posted on Thursday, Apr 14th

By guest authors Irina Patterson and Praveen Karoshi Irina: Would you give us an example of service providers that come to your incubator? Tim: We have people who made a living for a couple of years doing programming for various of our companies. You come in, you are doing C++ or something like that, you

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Business Incubator Series: Tim Lavengood, Technology Innovation Center – Evanston, Illinois (Part 5)

Posted on Wednesday, Apr 13th

By guest authors Irina Patterson and Praveen Karoshi Irina: What other kind of projects students usually do? Tim: We had a company that did consumer electronics. They had a little bug zapper that they were designing, and we had a student group that came in and helped with that. As matter of fact, they produced

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