The National Business Incubation Association has again awarded the NBIA Soft Landings International Incubator designation to the University City Science Center Port Business Incubator in Philadelphia. This was the Science Center’s first renewal of the designation it first received in 2011.
Through its Soft Landings program, NBIA recognizes business incubation programs that are especially capable of helping non-domestic companies enter the incubator’s domestic market. “The University City Science Center Port Business Incubator program was selected for the program because of its slate of business services for non-domestic firms and its demonstrated success at helping these firms enter the U.S. market,” said Randy Morris, NBIA director of member services.
Business incubation programs like the Science Center’s Port Business Incubator catalyze the process of starting and growing companies by providing entrepreneurs with the expertise, networks and tools they need to make their ventures successful. Incubating non-domestic firms takes more than the standard set of incubation services, however. “The Soft Landings designation recognizes an incubator’s focus on welcoming non-domestic firms into its domestic market with help cutting through governmental red tape, access to capital, domestic market research and other programs,” Morris said.
“The Science Center is dedicated to helping international companies gain a foothold in the U.S. market,” says Science Center President & CEO Stephen S. Tang, Ph.D., MBA. “The Soft Landings designation validates the work we do to connect the 15 international residents of our Port Business Incubator with the U.S. resources that can help them thrive.”
A panel of experienced incubator managers evaluated the Soft Landings applications. According to Morris, the judges were impressed with the Science Center Port Business Incubator’s unique support for non-domestic firms.
The University City Science Center Port Business Incubator Program accentuates its standard incubation services with programs tailored specifically to non-domestic companies, such as working with the Science Center’s Scientific Advisory Committee to offer non-domestic clients collaborative, advisory and consultative support, including market analysis, access to core research facilities and clinical resources through regional academic health systems.
NBIA’s Soft Landings designations are effective for two years; programs must reapply biennially for continuing designation. There is no cap on the number of designations available in a given year or over time. The University City Science Center Port Business Incubator Program is one of 24 business incubation programs from around the world that have earned the designation since NBIA began the program in 2005.
The National Business Incubation Association is the world’s leading organization advancing business incubation and entrepreneur support. For more information about the NBIA Soft Landings program, visit www.nbia.org/member_services/soft_landings/.