EDC Forum
The EDC and the
Newark Renaissance

The right location for success:
Increase your speed to market.
Reduce the cost of commercialization.
 

M2M IMAGING formerly known as Supertron Technologies Inc, a developer of next-generation solutions for high-performance preclinical and clinical MRI coils won successful Series C financing of $3.5 million. more...
 

Noble Device Technologies announced that the company would receive $8 million in equity financing that would get its infrared imaging technology to the product stage. more...
 

Sandi Webster, Principal of Consultants 2 Go, was one of twenty winners of the 2006 Make Mine a $Million Business program in New York City. more...
OUR MISSION

The NJIT Enterprise Development Center accelerates the successful development of entrepreneurial companies through an array of business support resources and services, developed or orchestrated by EDC management, and offered both in the incubator and through its network of contacts.  EDC's main goal is to produce successful firms that will leave the program financially viable and freestanding.

REDUCE YOUR STARTUP RISK

You know it's tough trying to develop cutting edge products or services and at the same time meet all the demands of starting a business. The stakes are high.

Did you know that the New Jersey Institute of Technology's Enterprise Development Center (EDC) can assist and nurture your venture through its startup phase? The EDC is a high tech business incubator, which means that it's specifically set up to address many of the problems young technology-based companies have. The EDC helps turn ventures like yours into financially viable, freestanding companies.

The EDC accelerates the success of startup companies by making available an array of business services that are customized to each tenant company. The EDC can help your company:

  • reduce start up risk
  • commercialize its technical product
  • make the right contacts
  • access more financing options
  • improve its decision
  • making capability
  • increase its sales
  • establish the path to profitability
BUSINESS INCUBATION WORKS

Incubator companies flourish. The average incubator firm's sales increased by more than 400% during its incubator stay, according to a recent National Business Incubator Association (NBIA) study. And a reported 87% of incubator graduates are still in business, according to the same study.

Business incubation is a proven economic development tool and the Enterprise Development Center has a track record of success. It has graduated over 60 companies offering products ranging from biotech to information technology applications. As a result, EDC continues to play a successful role in the renaissance of Newark.

Your participation in the EDC benefits more than just your company. As a program graduate, your high tech business can create jobs, revitalize neighborhoods and strengthen the economy.