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Article: Incubators hatch fledgling firms.
- Article from:
- Business Press
- Article date:
- July 10, 2006
CopyrightCOPYRIGHT 2006 The Business Press. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Darla Martin Tucker
Jul. 10--Riverside and its partners can expect to spend $1.5 million to create a technology incubator in the University Research Park, according to a consultant on the project.
The tentatively named Riverside Innovation Center is planned for extra space in the building currently occupied by the Inland Empire Economic Partnership. The center will focus on attracting emerging biotechnology and software companies.
"In the future we're looking at an incubator of 20,000 square feet in an adjacent space, but at this point funding is an issue," said Gregory Lee, coordinator of Riverside business development. That project ...