Innovation Valley Center for Entrepreneurship

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 |

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