Innovate New Albany Incubator Serves as Model to Other Communities - Innovate New Albany | New Albany, Ohio
Menu

Innovate New Albany Incubator Serves as Model to Other Communities

Since New Albany launched its incubator for technology startups in 2011, Innovate New Albany has steered a course that has enabled it to provide the right resources to startups, begin to see a return on investment and attract the attention of other cities seeking to do the same.

As a recent Columbus Business First article notes, nurturing 1,250 startups around the country requires more than providing space and Wi-Fi.

In New Albany, a partnership with TechColumbus, The New Albany Company, the Ohio Small Business Development Center, AEP and WOW! Business Services, formerly Bluemile, has added 25 companies to the space and 47 jobs to the city’s workforce. One of its greatest strengths and distinguishing features is the fact that 70% of the incubator’s tenants are IT-focused enterprises which researchers say is a key to spurring innovation.

Another important feature, venture capital, has also been realized through TechStart New Albany which has provided capital from seed funds and angel investors to 51 New Albany-based companies. New Albany-based companies benefitted from more than $458,000 in TechGenesis and Pre-Seed Funds, approximately $310,000 in Ohio TechAngel Funds and other sidecar investments and over $1 million in grants and debt financing.

 

Innovate New Albany, the city’s incubator for technology startups, entrepreneurs and small businesses, features 16,000 square feet of space within the New Albany Business Park’s Signature Office Building, 8000 Walton Parkway.

Expert Office Hours

Your Questions • Our Experts
Private Appointments

9:00 am – 12:00 pm

2024

Fri Aug 16 Fri Oct 25 Fri Dec 13
Thu Sept 19 Thu Nov 14



Register 2-3 weeks in advance

Have Expertise?

Share it

Subscribe to Our Updates!

  • Please enter your email address
  • This field is for validation purposes and should be left unchanged.

Why New Albany?

As a community created by innovators for innovators, New Albany offers a robust ecosystem that leverages entrepreneurship, business connectivity, public-private partnerships and quality of life to inspire creativity and accelerate commerce.

Learn More