Sunday, April 22, 2007
A successful incubator is not about low coast real estate.
It's about the networks that can quickly form around new companies. here's a brief article on the new Innovation Valley Center for Entrepreneurship. The incubator is owned by the University of Tennessee and will be managed by Technology 2020’s Center for Entrepreneurial Growth. Read more.
The new incubator has a clear strategic focus to build businesses connected to the university. In addition, the incubator's management has a clear value proposition: "Robson said the three main things they provide are management expertise, access to capital and programs for education and networking."
Finally, the incubator's management has a clear understanding that technology development and business development are diffferent. The team that develops technology has skills that are separate and distinct from the team needed to build a business.
posted by Ed Morrison |
Some Background on EDPro Weblog
The purpose of this weblog is to help economic development professionals -- EDPros -- keep up with the changes sweeping our profession. Strap on your goggles. It's a whole new game. There are no experts any more. The only place to learn about economic development is from other EDPros who are doing it.
One other point: the prevaling approach (paradigm, if you like) in economic development is shifting from competition to collaboration. There are a lot of reaasons underlying this shift, but here's the important insight: You, your community, and your region will do better by collaborating and sharing information.
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Speaking and workshops on Open Source Economic Development
As the idea of Open Source Economic Development starts spreading, more people are asking about it. Visit the I-Open web site to learn more. My colleagues and I are happy to explain the basic concepts in a talk or a workshop. E-mail Susan Alshuler if you'd like to learn more about workshops and speaking.
Background on Ed Morrison
Download some background information on me here.