PORTSMOUTH – Some firms aim to serve as incubators for up-and-coming companies. The New Hampshire Innovation Commercialization Center wants to be an accelerator.
The collaboration between the University of New Hampshire and local entrepreneurs focuses on the field of technology. Those involved hope the initiative will nurture promising start-up companies, support innovation and create jobs.
On Wednesday, managing director Mark Galvin – who has had a hand in starting four companies, including Whaleback Systems – gave a tour of the new facility on Rochester Avenue in the Pease Tradeport to UNH President Mark Huddleston and the media. Galvin showed off a converted space in the 15,000-square-foot building, where he hopes New Hampshire’s future success stories will begin.
Companies that come in will be given seed funding, access to resources from the university and the local business community, and guidance by in-house entrepreneurs who have experience with start-ups. They’ll have six to 18 months to grow into a company that can stand on its own, buoyed by staff expertise at the center and some $100,000 to $250,000 in startup funds.
To read the full, original article click on this link: UNH, Seacoast entrepreneurs invest in Pease facility for startups - NashuaTelegraph.com
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