10 College Business Incubators We’re Most Excited About
Posted on Monday July 30, 2012
by Staff Writers
College
campuses are ripe with innovation, as students grow through education
and experimentation in school. To help foster this innovation, many
colleges and universities have opened business incubators, helping
students and others in their community to help make their innovative
dreams a reality. Whether they’re offering tricked-out labs or
incredible funding opportunities, these incubators offer a great
opportunity for students who are smart (and lucky!) enough to
participate. Follow along as we explore 10 of the most exciting college
business incubators around today, and be sure to share your own
favorites in the comments.
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At Rochester Institute of Technology’s Entrepreneurs Hall,
innovation is a way of life. Offering a “holistic entrepreneurship
program,” this residential community has entrepreneurship at every step
of the college experience. Within the community, residents get access
to co-ops, mentoring, courses, and always-on access to the incubator.
Students will even receive a minor in entrepreneurship as they develop
their own business plans. Even students who aren’t in Entrepreneurship
Hall can join other innovators at Rochester, in the Center for Student
Innovation lab where they can tinker with new ideas, creating physical
models and getting advice for their next steps from advisors and even
other student participants.
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At Boston University, there’s an incredible array on business
incubation opportunities. Boasting resources for life sciences,
bio-tech, medical devices, photonics, clean energy, and engineering, BU
can help to incubate businesses in just about any physical technology.
Only 15 technology startups are accepted at a time, but what the
program lacks in quantity, it makes up for in quality. Participants in
the incubation program learn valuable lessons in entrepreneurial
management, finding financing from incubator companies, modern office
space, and fully permitted labs with a wide range of technical
equipment and engineering resources. Boston University’s business
incubator has produced numerous success stories, including HemaQuest
Pharmaceuticals with two drugs in Stage 2 clinical development to treat
blood disorders and viral-related cancers, as well as Modular Genetics,
a biotechnology company focused on sustainable gene engineering.
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Students at Syracuse University have an incredible resource to tap
into with the Syracuse Student Sandbox. This program offers resources
from beginning to end, offering office space, in-house technical
support, experienced mentors, and valuable funding resources. The
Sandbox is designed to accelerate the process of business creation
through a 12-week experiential-based program, producing either
investment-ready firms or ready-to-go, revenue-generating entities.
Although Syracuse offers a heavy amount of help, students are able to
maintain 100% equity in their companies, making this a valuable
opportunity for entrepreneurial-minded Syracuse students. Current
participants include Craftistas, CrowdRouser, and Flat Shoes Tattoos.
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At the UC Davis College of Engineering, students with high-impact,
innovative ideas can find a way to speed them up into the marketplace.
This incubator is all about supporting technology transfer, sharing
learning experiences with students, providing professor support, and
facilitating partnerships and collaborations with other groups on
campus, like the UC Davis Center for Entrepreneurship. This year, the
ETTC graduated its first company, Dysonics, a startup based on audio
technology research. Dysonics secured $750,000 in funding from angel
investors to develop products that will reproduce three-dimensional,
immersive sound in headphones.
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At the Harvard i-lab, it’s all about innovation, as participants
take part in entrepreneurial activities to learn, launch, grow, and
even support others in creation. The program features classes,
workshops, and more, plus essential resources and advice for getting
business ventures off the ground. Even established ventures can get
help, with growth resources including dedicated space and focused
support. Some of the i-lab’s long-term residents include mobile app
ActivePepper, baby gear rental company Baby Buggle, and software
developer Rover.
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In partnership with the University of Alabama at Birmingham,
Innovation Depot offers a facility and program for technology business
development, focusing on biotechnology, life science, information
technology, and technology service businesses. With a next-generation
facility offering both office space and laboratory space full of
amenities, it’s a great place to locate a technology startup.
Successful companies currently taking part in the Innovation Depot
program include Panorama Public Relations, R&D trainer Gas
Technology Institute, and tech support company Radical Support.
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This business incubator takes innovation to the water, functioning
as an “economic engine” for Eastern Long Island’s aquacultural,
environmental, and agricultural industries. The location of this
incubator is key, as it’s right off of Long Island Sound and located
close to many nature preserves. Plus, it’s within a designated NYS
Empire Zone, so the incubator has benefits and incentives available to
program participants, including investment tax credits, wage tax
credits, and even exemption from sales tax. Within the building, you’ll
find plenty of tricked-out lab space (including both fresh and
salt-water access) for innovation, plus conference and event space for
tenants.
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In the Motor City, technology startups can turn to the super-cool
Tech Town incubator, a program created by Wayne State University to
reignite Detroit’s entrepreneurial culture. Founded in 2000, Tech Town
boasts an incredible list of resources for tech-minded entrepreneurs,
including work space, access to capital, educational workshops, and
guidance with business development programs, coaching, and mentoring.
Entrepreneurs working with Tech Town even get access to Wayne State’s
significant research, academic, and technology assets. Although
decidedly urban in nature, Tech Town boasts 12 blocks, 43 acres, and a
rich history: the TechOne building was once the Chevy Creative Services
building, and the Corvette was designed on the building’s third floor.
With nearly 300 companies working under its roof, participants in the
Tech Town program contribute to the growth and livelihood of Detroit
and the Wayne State University community. Even established corporations
can’t resist the attraction of Tech Town: the Henry Ford Health System
relocated its genetics labs to Tech Town’s research space.
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This tech business incubator hits early, even before participants
are in college. Founded by a 15-year-old (now 19), Teens in Tech Labs
is a tech incubator for teens with Microsoft backing, and it’s designed
to give young entrepreneurs a space to get their great ideas out with a
whole lot of support. Nearly 1,000 young entrepreneurs have been
touched by the program, through events, workshops, and conferences.
Based in Mountain View, Calif., with hubs in New York City and Boston,
Teens in Tech Labs has opened up its incubator to young entrepreneurs
worldwide, making it possible for teens everywhere to take advantage of
the tools and resources available.
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NYU-Poly has not one, but four business incubators, boasting
incredible support for fledgling businesses in the greater New York
City area. Its first, Brooklyn Enterprise on Science and Technology
(BEST) helps science and technology companies grow with a student
patent program, intellectual property commercialization, help from
business advisors, and funding recommendations. Varick Street focuses
on next-gen technology and adaptable business models, growing
businesses in digital media, cleantech, and even social media and
mobile apps into real life successful startups. Through NYC ACRE,
NYU-Poly builds clean tech and renewable energy companies, sharing
resources for physical and virtual tenants, while offering guidance and
business assistance. Most recently, NYU-Poly has introduced DUMBO, a
city-sponsored business incubator in Brooklyn created to support the
development of technology startup businesses. Boasting an awesome view
of the Brooklyn Bridge, event space, coworking areas, and plenty of
guidance, DUMBO is one of the most up and coming places in the city to
start a business. Participants can even take advantage of networking
opportunities, discounted legal and accounting guidance, guidance from
NYU-Poly faculty, and office hours with well-known entrepreneurs.
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