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ISU Plans To Bring New Business Incubator To Bloomington-Normal
Category: Government & Organizations
Duration: 00:04:37
Publish Date: 2019-03-27 14:35:36
Description: ISU plans to bring a new technology-focused incubator to Bloomington-Normal. Developer Bush Construction announced last week that the Trail East building will make space for ISU’s startup incubator. ISU's Associate Vice President for Research and Graduate Studies John Baur confirmed no decisions have been made about the location. He said the university plans to create an incubator that offers space for students, faculty, and community members to develop ideas into a business and test their concepts. So how would an ISU incubator fit into the existing economic development ecosystem in Bloomington-Normal? “An analogy that I often like to use is (drywalling),” Baur said. “If I’m a drywaller and I wanted to start a drywalling business, the Small Business Development Center (SBDC) is great with helping me develop how I turn my trade or my interest into a small business. “What we’re talking about is, say there’s a student group or faculty that develops a high-tech type of technology (or a
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