Morehouse Men Look To Grow Businesses With #IncubateNYC
Ex-corporate Americans look to give back to their community
Successful entrepreneurs around the world such as Google founders Larry Page and Sergey Brin, Facebook founder Mark Zuckerberg and Black Entertainment Television Founder Bob Johnson all know the power of a good idea and the importance of bringing it to life. Their contributions have changed the world as we know it and will live on for years to come. These originators have inspired a new generation of thought provokers, groundbreakers and moguls and this is the mindset that motivated Morehouse graduates Marcus Mayo and Brian Shields to create their own pioneering company #IncubateNYC.
Ran in Harlem, New York #IncubateNYC which officially launched in December 2011 is a community company that consists of product development incubation that will help corporations and startups collaborate on the development of new technologies. Through project management and engineering support, #IncubateNYC will help entrepreneurs integrate and pilot new technologies for their corporate customer.
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“America has been depending on technology companies to grow the economy out of this recession. That’s nothing new, technology is the industry that will allow generations of the future to capture the modern American dream,” Brian Shields co-founder of #IncubateNYC explained to Loop 21. “Over the last few years, it has become increasingly clear that this growth in new companies and new jobs has been amazing but urban communities have yet to fully benefit from the new business and job growth. We wanted to do our part to encourage collaboration among the urban communities that have big issues that can inspire big ideas, the smart and crafty entrepreneurs in New York City, and the large corporations with plentiful resources to impact our city.”
Although the company is only a few months old, co-founders Shields and Mayo have already made quite the impression with their viral video and social network followers. “I support #IncubateNYC because as a solo-prenuer looking to grow a small membership website into a more robust information hub and market place, a strong incubator program would be extremely beneficial for my business,” a twitter supporter raved.
While there are many pros and cons to using an incubator to increase your business co-owner Brian Shields assures clients that #IncubateNYC is not your typical incubator. “It is the product development piece of a broader collaboration venture called In-house Innovations, which seeks to pair large corporations with startups to address big strategy and growth initiatives for the corporation,” Shields explained. “In-house Innovations will help startups commercialize and scale their businesses by bringing the startup opportunities with large marquee customers everyday!”
The opportunity for startup companies continues to grow daily, however due to the state of the economy, it makes it almost impossible for new businesses to raise the necessary funds to get off the ground and thrive with incoming customers. "One of the most frustrating things about starting a.j. + lola, especially by myself and with limited funds, is not knowing all the steps to take and not having the money to pay for proper guidance,” start up owner Jennifer Ogunsola of a.j. + lola said to Loop 21. “I do not have a background in business, so getting sound advice is critical.”
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As Morehouse Graduates, co-owners Shields and Mayo both have a background in finance and are passionate about spreading their knowledge with startup companies in the urban community. “In my career I have been in banking, private equity and corporate America. While on the outside looking in, I have had real success and support in all these positions, I personally found myself still looking for my calling,” said Shields. “Feeling unsettled, I assessed where my passions for building people to build great ventures and my skills for investing and operational improvements intersected to allow me to do something amazing. I found that investing in and incubating early stage technology companies to address issues of urban communities got me excited to wake up early and to stay up late, so I decided that before I committed to a 'career,' family and kids, I should take a shot at changing the world!”
With a serious plan to help make others dreams come true, #IncubateNYC, is doing more than changing the world, they’re changing lives.
For more information please log on to http://incubatenyc.org/