U. Of New Hampshire Announces High-Tech Incubator
The new Hampshire Innovation Commercialization Center, NH-ICC, will open its doors in the coming months.
“Our role is to create sustainable, high-value, private-sector jobs in New Hampshire by nurturing the development and commercialization of technology and other innovations within the borders of the state,” said Mark Galvin who will serve as NH-ICC’s managing director. “We are creating a path of least resistance to reduce the hassle factors (for startups) and let them focus on what they do best.”
“NH-ICC will have two distinct additions from the typical business incubator — the private equity fund component and the connection with UNH. Galvin is raising $10 million from private sources and NH-ICC companies can tap as much as $250,000. He wants the fund to be self-perpetuating, and he hopes it will only have to be raised once.
“[NH-ICC] will seek to promote commercially viable research projects conducted at UNH by facilitating the use of such research by the resident companies through license and royalty arrangements.” [Seacoastonline; read more]
Mark Galvin on LinkedIn