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Features: July 29, 2002

"Incubator.com" Launched as Central Resource for Incubators, Entrepreneurs, and Investors

After extensive development by students in various IT and management courses, Rensselaer's Incubator Program launched a new Web portal for the entrepreneurial community this past May at the International Conference on Business Incubation in Toronto. The new student-run site, aptly located at www.Incubator.com, aims to unite incubators, start-ups and venture capitalists worldwide in one virtual network and provide valuable business resources online for members.

www.incubator.com

First and perhaps foremost for subscribers to the site, Incubator.com houses a searchable database of university-affiliated and privately owned incubators, investors, and companies. The free service enables users to list their profiles, post their business plans, search for venture capital, and network with others in their industries. But Incubator.com also contains links to information on human resources matters, legal advice, and other relevant issues; a news feed of breaking financial information; and a calendar of events, to name just a few of its features.

 
So far, about 150 incubators, 725 venture capitalists, and 200 companies have already registered with the site. It receives around 8,000 hits per week; 1,000 per week come from unique visitors. What's more, it has made $20,000 from selling a technology module to a major government organization. Not bad for a months-old Web site.
Simon Balint—

So far, said Simon Balint, acting director for the Incubator Program, about 150 incubators, 725 venture capitalists, and 200 companies have already registered with the site. It receives around 8,000 hits per week; 1,000 per week come from unique visitors. What's more, it has made $20,000 from selling a technology module to a major government organization. Not bad for a months-old Web site.

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But Incubator.com's purpose, emphasized Balint, is not necessarily to make a profit, although financial self-sufficiency is a priority. "I think the Web site is more an opportunity for our students to put what they learn in the classroom about information technology, media arts, and entrepreneurship into practice," he said. "And by providing a tool kit where companies interact with each other and find investors whether they're located here or anywhere in the world, we're also furthering Rensselaer and incubation in general."
 

 
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