Securing intellectual property, networking and finding funding are pivotal for an entrepreneur, but it is the extra amenities that can take a new company to the next level, says a Purdue Research Park official.
Joseph B. Hornett, senior vice president, treasurer and COO of the Purdue Research Foundation, published the article "Entrepreneurial Success" in the International Economic Development Council Journal. Research shows that startups can have a greater success rate if they are based in a site that provides amenities such as shared business centers, business diagnostic programs, venture capital opportunities, human resources, and marketing and communications assistance.
"The tangibles such as business plan, patents and funding are important, but we've found that companies that have strong business support in place have a greater chance for long-term success," Hornett said.
To read the full, original article click on this link: Purdue Research Park's Economic Development Model Featured in International Journal - KansasCity.com
