Print
More News

Brunswick Community College Prepares To Invite Startups To New Incubator

By Jenny Callison, posted Apr 13, 2016
InnovateNC visitors tour the new BCC incubator Tuesday afternoon. (Photo by Jenny Callison)
Brunswick Community College has cut the ribbon on its new incubator and hopes to welcome its first tenants by July 1, officials say.

The nearly 5,000-square-foot facility, completed in February, is at the college’s Leland Center.

Velva Jenkins, BCC vice president for continuing education, economic and workforce development led a tour of the incubator space Tuesday afternoon as part of InnovateNC’s tour of the area.

One section of the incubator, which is located inside the original Leland Center building, houses one 1,100-square-foot bay. Next to it is an unfinished space that could accommodate a corporate learning center or a combination office-board room space, according to BCC president Susanne Adams. The other two bays, roughly 900 square feet each, are in a prefab structure adjacent to the main building.

Running between the two buildings is a reinforced paved roadway that will give trucks and other vehicles easy access to the incubator spaces.

Incubator tenants will be startups in either light manufacturing or warehousing and distribution, Adams said Wednesday.

The incubator was developed with a $200,000 grant from the N.C. Golden Leaf Foundation, a $200,000 grant from the U.S. Economic Development Administration and about $41,000 from the college itself, Adams said.

The college appointed a small advisory group, called the Success Team, to field inquiries from prospective tenants. Thus far, the team has received about 30 inquiries and has seven applications in hand, according to Adams.

“They will review the business and financial plans of these prospective tenants and help us decide who has the most potential,” she said, adding that the team is composed of bankers, economic development leaders and company CEOs.

The incubator’s mission is to nurture businesses that will create as many as 20 jobs among them within 24-36 months. Each tenant must graduate in no more than three years, although Adams said the hope is that, with the support available to them, tenants’ growth will accelerate so they can fly on their own sooner than that. The lease terms increase with each year.

“We want to make sure we have successful tenants,” Adams said, noting that each young company will have mentoring from BCC’s Small Business Center as well as training and education opportunities from the college. “The lease that they sign includes a commitment on their part to using these resources.”
 
In addition to the college’s Small Business Center and the Success Team – which will continue to be involved – partners  in the incubator initiative are SCORE, University of North Carolina Wilmington’s Center for Innovation and Entrepreneurship, the UNCW-affiliated Small Business and Technology Development Center and several of the area's chambers of commerce, according to Adams.
Ico insights

INSIGHTS

SPONSORS' CONTENT
Mc2 56882

Building Insights: Heath Clark

Scott Byers - Majestic Kitchen & Bath Creations
Chris coudriet headshot 300x300 10211545555

For These Things and More, I Am Thankful

Chris Coudriet - New Hanover County Government
Deedeegasch 10218121741

Preventing Alcohol Liability for Your Social Gathering

Deedee Gasch - Cranfill Sumner & Hartzog LLP

Trending News

GE Hitachi Plans To Acquire Nuclear Decommissioning Firm

Christina Haley O'Neal - Dec 10, 2018

In The Current Issue

Opportunity Zones To Have Local Impact

Local economic developers and government officials say a new tool under the federal government’s tax reform will have an impact on designate...


Live Oak Bank Earns USDA Lending Kudos

Although it has made its name primarily as an SBA lender, Live Oak Bank has expanded into the realm of U.S. Department of Agriculture loans....


Leaving Retirement To Guide Leaders

In her more than 40 years in the health care and higher education fields, Janie Canty-Mitchell has accumulated a wealth of knowledge and lea...

Book On Business

The 2018 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2018 Power Breakfast - Dishing on the Restaurant Biz
2018 WilmingtonBiz Expo - Keynote Lunch with Eric Dinenberg, Rouse Properties
2017 Health Care Heroes