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Page6IncubatorSpotlightEnterpriseDevelopmentCentercontinuedfromfrontpageCreatejobsandstimulateeconomicgrowthTheEDCtypicallyhostsabout90companiesatatime.Onaveragethesecompaniesemploybe-tween400and800people.About50percentoftheseemployeesarefull-timeworkersandtheother50percentarepart-timestudentworkers.Eachyeartheaffiliatedcompaniesbringinbetween40and80milliondollars.NurturethedevelopmentofnewtechnologyandscientificbreakthroughsAbout50percentofthecompaniesintheEDCarelifesciencecompaniesandtheother50percentaretechnologycompanies.LifeSciencecompa-niesincludemedicaldeviceandpharmaceuticalcompanies.Technologycompaniesincludesoft-wareandinformationtechnologycompanies.SuccessfulbusinessesaffiliatedwiththeincubatorincludeiSpeechaleadingspeechtechnologyprovid-erwhichdevelopedDriveSafe.lyforiPhonethefirstiOSapptospeaktextSMSmessagesemailsandTweetsaloudandallowfortxtre-sponsesbyvoice.WattLotsLLCwhichdevelopedPowerArborasolar-poweredarborsystemforparkinglots.Thesystemgeneratescleanrenewableelectricalen-ergy.ThereareplanstoinstallthissystemintheparkinglotoftheEDC.MenssanaResearchInc.alifesciencescom-panythatcollectsbreathsamplesandanalysesthemforcancer.Thecompanyhasdatacollectioncentersinvariouscountriesworldwide.Phone.comisacloud-basedphonecompanyfocusedontheneedsofsmallbusinessandentre-preneurs.TheU.S.PatentandTrademarkOfficehasrecentlyawardedthecompanyitsfirstpatentforaninnovativeprocessthataddressescostandprivacyissuesinvolvingcon-ferencingfromanyphoneaswellastextingandcallerIDmanagementwhenusingmobiledevices.EdgeTherapeuticsInc.apharmaceuticalcompanythatisreducingbraininjuriesfromspontaneoustraumaswhichresultinbleedinginthebrain.Creightonmentionsthiscompanywhichrecentlygraduatedfromtheincubatorasoneoftheincubatorsall-timebest-managedcompaniesandasacompanyverylikelytoachievemuchsuccessworldwide.RecentlyEdgeTherapeuticsinvestorsbecamethefirsttotakeadvantageofNewJerseysnewAngelInvestorTaxCredit.Readaboutthemonpage4.Encourageentrepreneurshipanddevelopaworld-classworkforceTheincubatorsGetReadyforFundingprogramencouragesentrepreneurshipbyofferingHelpwithbusinessplanspitchpresentationsinvestordecksandChiefFinancialOfficerCFOcoachingmuchofwhichisprovidedbyEDCentrepreneursinresidence.FreebusinesscoachingprovidedbysponsorsincludingSorinRandLLPMorganLewisandEisnerAmper.AgrantsearchservicethathelpsbusinessesidentifyandsuccessfullywinfederalSmallBusi-nessInnovativeResearchSBIRgrants.A20000revolvingloanfundofferingloanstobepaidoffwithintwoyears.TheEDCalsoencouragesentrepreneurshipthroughitsPeopletoBusinessP2Bprogramwhichmatchesvolunteermentorswithcompanymanagementteams.EntrancetotheEnterpriseDevelopmentCenter