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Print Edition StoriesThursday, July 16, 2009
New Hampshire business incubator nears federal funding
By Mass High Tech staff
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The Amoskeag Business Incubator (ABI) in Manchester, N.H., is a step closer to receiving a $120,000 federal appropriation to help it establish a “soft landings international incubator” designation with the National Business Incubation Association (NBIA) in Athens, Ohio, the incubator announced yesterday.
The designation is intended to recognize incubators that can help foreign companies enter domestic markets. According to the NBIA website, there are 14 other such sites globally, including one in Boston at the Boston University International Incubator Program.
According to an ABI press release issued yesterday afternoon, Sen. Jeanne Shaheen, D-N.H., told incubator officials on Monday that the funding had been approved by the Senate Appropriations Committee and would likely come through in the fall.
Launched in 1997 by a partnership between Southern New Hampshire University and the city of Manchester, the nonprofit ABI aims to provide affordable office space and technical assistance to early-stage companies.
One of the incubator’s success stories is Cellular Specialties Inc., a wireless communication services and hardware company founded by Fred Goodrich at the ABI in the year it opened, which established its own office in Manchester in 2002.
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