Incubating a New Business

1 decade 4 years 4 months ago Thursday, January 05 2006 Jan 5, 2006 Thursday, January 05, 2006 2:41:21 PM CST January 05, 2006 in News

Paul Pattison had a great idea: to view an object online at 360 degrees. But, he didn't know how to make it happen.

That's where the Missouri Innovation center, or MIC, helps.

"There were a lot of things that I knew I'd have to learn, and they gave me, provided me, with all the resources," said Pattison, a website developer. "In terms of contacts, publications, you know, examples. And basically what we've done is put together a five-year plan."

MIC hopes to use $150,000 from the city of Columbia to build an incubator center near the local Red Cross headquarters.

"If these companies start here and they're successful, they add to our economic base," said Mayor Darwin Hindman. "They provide jobs. They attract more students, more scientists."

MIC's Jake Halliday explained, "Incubators are used all over the country as a means to take innovations that have arisen from university research and convert those innovations into new ventures, new companies that take root in that company, hire people and grow as corporations."

MU students like Pattison can go to the incubator for help, although its main purpose will be to assist and increase pharmaceutical and medical research in mid-Missouri. ABC Laboratories in Columbia is part of only a few life sciences centers in Missouri.

So far, MIC has raised $6.2 million for the new incubator, about three-fourths of its fund-raising goal.

 

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