Newark, March 16, 2017: The Enterprise Development Center (EDC), an NJIT/NJII organization, has received recognition in the Global Soft Landings Network for the seventh year in a row by the International Business Innovation Association (InBIA). The InBIA is a global network that serves more than 2,100 entrepreneurial organizations in over 60 countries.
InBIA recognizes the rapid growth in the need for entrepreneurship centers that have the capacity to serve foreign companies interested in expanding outside of their domestic markets. As a result, InBIA has developed a global network of Soft Landings designated centers that have been validated through a rigorous application and peer-review validation process. As of today, the InBIA Soft Landings program is comprised of 31 members in more than 8 countries.
“The Enterprise Development Center clearly demonstrated they have the resources and programming to meet the needs of foreign/non-domestic firms that want to enter the center’s domestic market,” states Kirstie Chadwick, InBIA’s President and CEO. “InBIA’s Soft Landings designation enables entrepreneurship centers to attract new clients and differentiate their programs as being specially designed to work with a unique clientele.”
Benefits to the designation include global visibility, credibility through acceptance after a rigorous application process, and opportunities to collaborate with InBIA on international projects and grant proposals. InBIA Soft Landings designation is valid for two years.
With a typical annual average of 90 companies in residence, the EDC vies for being the largest high-tech and life science commercialization center in the United States. The EDC first gained certification as a Soft Landings site in 2010. Since then the EDC has welcomed and served more than a dozen foreign companies looking to engage in competitive research and development, and to expand their business in local markets.
“We are very excited to receive the InBIA Soft Landings designation. Participating in the program keeps the EDC competitive in the ever-changing global economy and compliments our mission to drive economic growth and job creation in New Jersey,” says Jerry Creighton, Sr. executive director of the EDC.
About the Enterprise Development Center
The Enterprise Development Center (EDC), located on the campus of New Jersey Institute of Technology (NJIT), is a cooperative and resourceful ecosystem for start-ups and small-businesses. From finding the right working space and attracting investment capital, to building staff and developing effective business plans and marketing strategies, the EDC supports companies as they work to become profitable businesses and dynamic participants in the economic life of New Jersey and the nation. The EDC is located in Newark’s Urban Enterprise Zone (UEZ) and Historically Underutilized Business Zone (HUBZone). The EDC is also a partner of the New Jersey Innovation Institute (NJII), an NJIT corporation that applies the entrepreneurial and technical resources of the state’s science and technology university to challenges identified by industry cluster partners.
To learn more about the NJIT/NJII Enterprise Development Center visit www.njit-edc.org or go to www.inbia.org to access more global programs.