Tuesday, May 4, 2010

A Business Incubator in NYC

The concept of an incubator has been around for several decades. And I'll admit, I've always liked the idea. An incubator makes it easier for young companies to get started and grow. The businesses can share resources, ideas and expertise.

Yesterday, the New York Times ran an article about a technology incubator in New York City called Betaworks. It played a role in nurturing the growth of TweetDeck, one of the cool applications people can use with Twitter to help manage Tweets and other social networking. According to the article, Betaworks provides access to expertise, which is a much needed resource that is very hard to find. It also provides access to funding. I found the article to be quite fascinating because this model of incubator seemed different than the ones I'm familiar with in Connecticut. Worth reading...

http://www.nytimes.com/2010/05/03/technology/start-ups/03betaworks.html
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