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Anadditionalbenefitforentrepreneursistheincu-batorsready-madenetworkofcompanyfounders.Theentrepreneursoftenexplorecollaborationsamongincubatorcompanies.Theincubatoralsooperatesastudenthiringprogramfordirecthiresinternshipsandco-opprograms.Thelocationoftheincubatornearcampusenablesstudentstobewithinwalkingdistanceoftheirclasses.Thesebenefitsareaccentuatedbytheincubatorsfirst-classfacilitieswhichincludeofficescubiclesandwetlabs.Non-residentcompaniescanaccesssomeofthebenefitsoftheincubatorthroughavir-tualprogramwhichestablishesrelationshipswiththeincubatorthatdonotincluderesidency.AttractbusinessesandinvestorstoNJTheEDCisaSoftLandingscenteradesignationoftheNationalBusinessIncubationAssociation.TheSoftLandingsdesignationrecognizesanincu-batorsfocusonwelcomingnondomesticfirmsintoitsdomesticmarketwithtranslationserviceshelpcuttingthroughgovernmentalredtapeaccesstocapitaldomesticmarketresearchandotherser-vices.InadditiontheEDCisestablishingpartner-shipMOUswithincubatorsfromothercountries.InternationalcompaniesU.S.companiesrelocat-ingfromoutsideofNewJerseyandNewJerseycompaniesallsharethebenefitsoftheincubatorsproximitytothedenseNewYorkNewYorkNewJerseyPennsylvaniaandConnecticutmarketsaccesstouniversitiesandpharmaceuticalandbio-techcompaniescentrallocationinnorthernNewJerseysworldwidetransportationhubandnear-nesstothestatesworld-classworkforce.Thestartupcompaniesalsoattractinvestmentsandthirdpartyfunding.In2012aloneEDCcom-paniesattracted11878457inthirdpartyfunding.ToapplyforresidencyorvirtualaffiliationContactJerryCreightonSr.toinitiatetheapplica-tionprocess.HisemailisJerry.Creightonnjit-edc.organdhisphonenumberis973643-4063.Page7ASoftLandingattheEDCcontinuedfrompage3JohnsonandEliLilly.Anotherbigdrawwastheconcentrationofuniversitieswhoalsopurchaseser-vicesfromthecompany.BylocatinginNewarkEtonBioscienceInc.iscentrallylocatedtoeasilyreachpharmaceuticalcompaniesanduniversitiesinbothNewJerseyandNewYorkCity.Theavailabilityofalargepoolofemployeeswasanotherplusforlocatinginthearea.Weneednewgraduatesforemployeessoallofourbranchesareveryclosetouniversities.BothNJITandRutgersprovideagoodpoolofemployeesforusinNewark.OurbusinessprovidesaverybasicservicesaidChen.Byitsnaturetheworkisveryrepetitive.SoitsverysuitablefornewgraduateswhowanttoworkforacoupleofyearsinalabandthenmoveontoMedicalSchoolorGraduateSchool.Whiletheyareheretheygainexperiencelearnthetechniquetodotheirjobandlearnhowtointeractwiththeircolleaguesandwithourcustomers.Weregladtoprovidesuchaninitialjobenvironmentforthesenewgraduates.EtonBioscienceInc.decidedtolocatetheirnorthernNewJerseybranchattheEDCbecauseofthemanyservicestheincubatorprovides.AsaSoftLandingsincubatortheEDCprovidesasupportiveenviron-mentasthecompanyevaluatesthelocalmarket.Theconferenceroomregularseminarsfortheten-antslibraryallofthisisveryconvenientforus.Andalsoverysignificantisthatrightoutthefrontdooristhesubwaystation.Thisisextremelyimportantforourbusinessbecausewehavetosendoutpeoplewhopickupsamplesfromourcustomers.Itwilltake6monthstoayearbeforewereallyknowthesizeofthemarketheresaidChen.Onlythenwillwebeabletomakeadecisionabouthowmuchwewanttoexpandinthefuture.ForthefirstthreeyearstheEDCwillbeperfectforus.Butafterthatourbusinessplanwilldependonourevaluationofthemarket.IfthemarketevaluationispositiveEtonBioscienceInc.willstayinNewJerseycreatingabout20to25newjobsforNewJerseywithinthenextthreetofiveyears.