Vermont Tech Enterprise Center launches incubator to support veterans developing small businesses

NEWS RELEASE — peoplemakinggood.com
Jan. 30, 2013

CONTACT:
Martha Trombley Oakes
Vermont Technical College
802.728.1732
MTrombleyOakes@vtc.vsc.edu

January 29, 2013 — Congressman Peter Welch will speak at Vermont Technical College’s celebration of a new Enterprise Center program to assist veterans who seek to launch or grow existing small businesses. The Vermont Tech Enterprise Center Business Incubator at the Randolph
Center Campus now offers a space for veterans who seek to accomplish office work, training, business meetings, or simply want an area to think and share ideas with other business owners. The ceremony takes place on February 4, 2013, from 10:00 to 11:00 a.m.

The impetus to founding this new space comes from the success of the Vermont Small Business Development Center (VtSBC) in supporting veterans’ entrepreneurial goals. A similar program at VtSBC ended in June 2012, and many of the resources and materials in the Vermont Tech incubator came from VtSBC.

Chris Herriman, former Veteran Business Advisor at VtSBDC, teamed up with Steve Paddock, Director of the Vermont Tech Enterprise Center Business Incubator, to conceive a space that includes high-speed Internet service, copiers, meeting and conference spaces, video conferencing through Vermont Interactive Television, and a hospitality area. Participants will also have access to the fitness center at Vermont Tech. The space is free of charge to veterans and service members that are starting or growing a business in Vermont, and will be available in one hour increments by reservation.

“Our goal was to create a space that not only nurtures the entrepreneurial spirit of our military small business community, but says thank you for serving and that now it’s our turn to serve you,” said Herriman.

The Vermont Tech Enterprise Center Business Incubator, founded in 2002, provides low cost, fully equipped offices as well as professional business services. An outreach program of Vermont Technical College, it is currently host to entrepreneurs in a wide range of fields, including law, engineering, wood product sales, food business, enterprise resource planning, and software development.

“The challenges in building businesses vary widely,” said Paddock. “Some entrepreneurs may have limited capital to launch their business, while others may be missing the professional network and expertise to help it grow. The center is specially designed to meet these needs, and we are particularly interested in helping our veterans who seek new opportunities in Vermont.”

About Vermont Technical College – Vermont Technical College is the only public institution of higher learning in Vermont whose mission is applied education. One of the five Vermont State Colleges, Vermont Tech serves students from throughout Vermont, New England, and beyond at its two residential campuses in Williston and Randolph Center, regional campuses in Brattleboro and Bennington and at six other nursing campuses located throughout the state. Our academic programs encompass a wide range of engineering technology, agricultural, health, and business fields that are vital to producing the knowledge workers need most by employers in the state and in the region.

www.vtc.edu.

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