Auburn Research Park Launches Full-service Business Incubator
The full-service, mixed-use business incubator is designed to help with commercialization of university- and community-derived technologies and services through new business ventures.
The Auburn Research and Technology Foundation is a university-affiliated, nonprofit corporation formed to support the mission of the university, particularly in the areas of research and economic development, and is developing and operating the Auburn Research Park.
“This new incubator fills a void in the local economic development infrastructure for supporting the transition from concept to business development and commercialization,” said John Weete, executive director of the foundation and research park. “Formation of the incubator reflects the collaborative initiatives between Auburn University, the City of Auburn and the State of Alabama. Key in making this happen are John Mason, Auburn University vice president for research and Mike Hubbard of Auburn, speaker of the Alabama House of Representatives.”
“As someone who started a business and built it from the ground up, I know how challenging it is to step out and take that risk,” said Hubbard. “We are constantly looking for ways to help businesses not only survive, but also thrive in this state. I’m proud of what we’ve been able to put together at the Auburn Research Park because I know it is going to make a real difference. That next big idea that changes the world just might be hatched in the Auburn Business Incubator.”
A key development for the incubator and new startup companies that require early stage investment is the Auburn Angel Network. [read full press release]