Business Incubator Generates Success, Inspiration
December 21, 2009 by Mary Ellen
From a rural New Mexico area to the cocoon of the Santa Fe Business Incubator…NearSea Naturals sang praises of support and told the story of her company’s growth as a result of working with the resources at the incubator.
One client touted his recent growth curve and was interrupted – literally – to take a venture capital call…
We couldn’t do it without the incubator…Bluenergy Solarwind voiced the general feeling of all incubator clients.
At this year’s annual client luncheon for The Santa Fe Business Incubator, Marie Longserre, CEO, fielded dozens of kudos from clients, government officials, peers and interested parties. Her uplifting comments included these facts about incubator businesses:
- Total: 73 businesses to-date
- More than 700 total jobs. (NOTE: Not all businesses get tracked after the fifth year, so the number is likely much higher.)
- Incubator businesses continue to network and spawn other businesses.
- Several examples exist of businesses meeting and forming another business in the incubator.
- Many entrepreneurs start a business and then start another and yet another. One example, Sanctions & Solutions, spawned three new, related companies so far. Then, there’s ApJet, Bluenergy Solar Wind, and more…
Ed Maglisceau, chairman of the Board of Directors for the Incubator, highlighted statistics from the Kauffman Foundation Research Series.
“…from 1980 until 2005, nearly all net job creation in the United States occurred in firms less than five years old. This data set also shows that without startups, net job creation for the American economy would be negative in all but a handful of years.”
Stephanie Spong, who heads the New Mexico office of EPIC Ventures, shared that New Mexico Venture Capital will fund more projects with slightly more money in 2009 than in 2008.
I found myself energized by the crowd, the comments and the possibilities. Twelve years of stories, people, success. Twelve years for the Santa Fe Business Incubator!
How do you get inspired?
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