June 6, 2003
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June 6, 2003 |
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Rose-Hulman Ventures is one of the most unique, nontraditional incubators in the country, Brij Khorana, told attendees at the National Business Incubator Association’s 17th International Conference on Business Incubation May 18 – 21, 2003 in Richmond, Va. Khorana, executive vice president and chief operating officer at Rose-Hulman Ventures, said that its distinctiveness is the multi-disciplinary teams lead by experienced full-time engineering project managers. These engineers, along with student assistants, are solely dedicated to the technology and business development activities of the clients.
Khorana, one of the speakers at the conference, told his audience how Rose-Hulman Ventures provides, in the form of investments, technical assistance through its new product development center, business assistance, and venture capital to entrepreneurs. “The conference has been a great opportunity for us to share our technology-based model with other incubators and economic development officials worldwide, Khorana added. “We are exploring relationships with international companies that need resources to successfully establish operations in the United States and in particular in Indiana.” Others representing Rose-Hulman Ventures at the conference were John Davidson, COO of Elastic Image, a client company of Rose-Hulman Ventures, who gave a clients’ perspective on the technical and business assistance at Rose-Hulman Ventures. J.P. Mellor, assistant professor of computer science and software engineering discussed his contributions to the technical development of Elastic Image that digitizes graphic distortions used in the pre-decoration of formed plastic. National Business Incubator Association is the world’s leading organization advancing business incubation and entrepreneurship. It provides thousands of professionals with information, education, advocacy and networking resources to bring excellence to the process of assisting early-stage companies. The conference focused on both basic business incubation strategies and new industry trends. Approximately 600 attendees, from around the world, participated in over 70 educational sessions and networking venues to learn more about developing sustainable incubation programs. The Rose-Hulman Ventures exhibit highlighted its contributions to Indiana’s technology economy by providing access to a full range of services needed to move technological innovations into the marketplace. Other exhibitors included Canadian Association of Business Incubators; City of Kitakyushu, Japan; Chinese Business Incubator Association; Ewing Marion Kauffman Foundation; and the Virginia Business Incubation Association among others. For more information about the National Business Incubation Association, visit www.nbia.org. For more information about Elastic Image, visit www.elastic-image.com.
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