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Incubation Nation: Where Great Ideas Are Born

Saturday, May 01, 2010

Excerpt of story provided by Inc. magazine
Written by Nitasha Tiku and April Joyner

The public-private partnership JumpStart provides entrepreneurs with mentors and seed funding. Since 2004, 47 companies have attracted $202 million in financing. Who gets in: New ventures with the potential to hit $30 million in five years; JumpStartalso targets minority entrepreneurs. Breakout company: Synapse Biomedical makes a device that allows spinal cord patients to breathe without ventilator assistance. The device, which was used by Christopher Reeve in clinical trials, gained FDA approval in 2008.