Laserfiche WebLink
STEM -Based Incubators <br />square foot facility and is adjacent to the Park <br />referenced earlier and the NDSU campus. The <br />Incubator also boasts access to both an international <br />airport and major interstate highways within five <br />minutes of NDSU's campus. The Incubator hosts <br />both newly found entrepreneurs and experienced <br />business people. The Incubator provides: <br />• One gigabit service <br />• Shared printers, copiers, scanners, and fax <br />• Wet lab/dry lab space <br />• Manufacturing space <br />• Customizable tenant space <br />• Shared production areas <br />• Executive boardroom <br />These office amenities are available to all tenants <br />within the Incubator. The Incubator also provides <br />professional services that include: <br />• Client networking <br />• Coaching and mentoring <br />• Fostering university relationships <br />• Financing and providing venture capital <br />• Craft student initiatives <br />• Comprehensive business assistance <br />• Fostering educational events and forums <br />The Park and Incubator hold multiple partnerships <br />with various forms of financial aid through an <br />assortment of governmental bodies and companies. <br />The NDSU Research and Technology Park <br />acknowledges that capital is one of the most limiting <br />and hard to access assets within starting a business. <br />For this reason, it is able and willing to help its <br />tenants secure the capital necessary for prospective <br />tenants. The NDSU Research and Technology Park <br />have graduated four tenants. These tenants include: <br />Appareo, Intelligent InSites, Myriad Mobile, and <br />Pedigree Technologies. <br />[ Specialized Incubators in Ramsey <br />The proposed location for the business incubator <br />in Ramsey is located in the COR development area. <br />The specific location is located next to multiple <br />empty lots. The lesson that should be learned <br />from the NDSU Research and Technology Park <br />is the possibility of a specialized form of business <br />incubator. <br />According to reports generated through Esri <br />Business Summary, 32.2% of the businesses in <br />Ramsey are in the services category . It is difficult to <br />determine which sub -industry makes up the largest <br />part of the service industry because the largest <br />section (21.6%) is "other services': Additionally, the <br />construction industry and manufacturing industry <br />compose 12.1% and 11.5%, respectively. <br />This information can be used to direct a potential <br />business incubator in the City of Ramsey. Similar to <br />NDSU Research and Technology Park specialization <br />in the STEM field, Ramsey could form a business <br />incubator that is focused on the service industry, <br />construction, or manufacturing. Ramsey's incubator <br />should also allow for accessory uses that are <br />beneficial to the main focus of the incubator. Ramsey <br />could provide open land for the use of testing and <br />development by acquiring one of the nearby parcels <br />that are vacant. This would likely be most helpful <br />for a construction based incubator, but could have <br />varying uses for other types of incubators. <br />Business Incubators and the City of Ramsey 13 <br />