Scientists Learn Tricks of Trade, Marketing In Business Incubators

These organizations help startups get assembled and launched by easing the pressures that can cause early failures Jason Lieu, an applied mathematician, had big plans for a computer system he had designed to model telecommunications and computer networks. So he quit a high-level job as a technical director at ITT Inc. in New York in 1984 and went into business for himself. The first few years were tough. Hardly anyone wanted to buy his invention. Luckily for him, Lieu had located his company

Written byDiana Morgan
| 9 min read

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The first few years were tough. Hardly anyone wanted to buy his invention. Luckily for him, Lieu had located his company at Science Park, a New Haven, Conn., business development designed to help scientists become entrepreneurs. Lieu credits the organization, known as a business "incubator," with helping to keep his fledgling firm from going under for the past six years, and although his company has yet to turn a profit; sales are picking up. "When I started I thought I was a scientist," he says. "Now I am a businessman and I see that profitability is the true challenge. The incubator was a cocoon where I was transformed from a scientist into a businessman."

Each year organizations like the one Lieu joined are helping more scientists avoid the economic perils that plague most first-time business people. When Lieu opened his company, General Network Services Inc., there were 53 business incubators ...

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