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A bureau within the U.S. Department of Commerce


Blog Entries from December 2011

Q&A with David Monkman, President and CEO of the National Business Incubation Association

Photo of David Monkman David Monkman has served as president and CEO of the National Business Incubation Association since August 2009. He has more than 20 years of experience as a specialist in emerging businesses, small and medium enterprise development, and financial analysis, including 10 years spent working in South Asia, Southern Africa and Western Europe. Monkman, who holds a master's degree in economics from the London School of Economics, also has worked for the United States Agency for International Development (USAID), the Asian Development Bank, the European Commission and various trade associations as an independent consultant. As founder of the South Africa-based AniCap Venture Partners, he developed three major economic development initiatives to develop trade and capacity of black-owned small enterprises.

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Incubating Success Graphic

INCUBATING SUCCESS: Incubation Practices That Lead to Successful New Ventures

By Lawrence A. Molnar, Director, Center for Business Acceleration and Incubation Studies Associate Director, Institute for Research on Labor, Employment and the Economy University of Michigan

With the help of targeted business assistance, entrepreneurs are better prepared to turn business ideas into successful new ventures that have a greater-than-average chance of success. Since the first business incubator opened in Batavia, N.Y., in 1959, business incubation programs have helped new business owners access the resources and assistance they need to grow successful firms. For more than 50 years, these programs have played an important role in turning around struggling economies, creating jobs and encouraging innovation.

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Special Feature

USC Stevens Institute for Innovation Logo For Homegrown Jobs, Look To Innovation Ecosystems Fed By Universities And Talent

By Dr. Krisztina Holly, Vice Provost for Innovation, University of Southern California Member of the National Advisory Council on Innovation & Entrepreneurship (NACIE)

Just like any ecology, a robust innovation ecosystem depends on a complex interplay: human capital, financial capital, intellectual capital, and social capital all work together to create sustainable environment for the economy to thrive. The investment, entrepreneurial, and non-profit communities are all critical elements that, along with a foundation of functional government and exceptional universities, build a bridge between ideas and economic impact.

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