On Friday, September 28, the Hamilton County Business Center (HCBC) is hosting its “Annual Celebrate Entrepreneurship & End of Summer BBQ.” The event honors companies that have graduated from HCBC’s incubator and companies that have had success through participation in HCBC’s Outreach program.
Nine companies have graduated from the incubator in the past year, which is up from most years. The Cincinnati Business Courier profiled the HCBC in a recent story. To read about the HCBC’s graduates and what they bring to our community’s economy, click here (paid subscribers).
The article pointed out that, “in the fiscal year ended June 20, the incubator’s 51 tenants generated $19.4 million in revenue. They also raised $4.4 million in outside capital and paid $11.4 million in wages to 226 employees.” The Business Courier also stated that HCBC is the top incubator funded by Ohio’s Thomas Edison program in tenants, job creation, cost of jobs created and annual number of successful grads.
Two firms are being recognized that were not located at HCBC, but did seek business assistance from the HCBC. dotloop came to HCBC when it was founded in 2008. HCBC provided strategic planning and funding assistance. The company, which provides an online document system for real estate transactions that streamlines paperwork and expedites negotiations, has raised more than $10 million in funding with help from HCBC.
Also being recognized is Engineering and Scientific Innovation. HCBC helped the company to win a Small Business Innovate Research Program grant. ESI’s research on fire and safety has positioned the company to be a leader in making air travel safer.
With the large number of graduates within the past year, there is vacant space available at HCBC.
“Right now, there is a unique opportunity for someone to come in and secure a spot at HCBC,” said HCBC Director Patrick Longo. “We have the space and coaching power to help new businesses right now.”
HCBC has recently opened a new “co-work space.” This is an open area that companies can access as they plan their launch. While most will not use the shared space full time, companies can receive business coaching and access to office and conference space before moving in full time.
Since its opening earlier this month, two companies already have begun working in the shared space. The idea is to create a bridge from a business idea sketched out at a kitchen table to acquiring full time space.