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Business and Economy
Sat July 20, 2013
Transitions Celebrated At The NH-ICC
The New Hampshire ICC – or Innovation Commercialization Center – has been undergoing a series of transitions: it found new leadership, it moved to two new locations, and this week, it’s celebrating a new business model.
The NH-ICC is a business incubator that helps new entrepreneurs develop effective business models. But lately the ICC itself has been the one searching for a better business model. Mark Kaplan is the organization’s CEO. He says the old model, which relied on an executive staff – was too expensive to be sustainable.
The approach we have now is lower overhead, we have less staff, and it brings in the community on a psychic income basis – a gratification basis.
Kaplan’s new model has only one staff member: Kaplan. The services the ICC provides, like education and mentorship, Kaplan says, will now be donated by experienced community members. The NH-ICC is funded primarily by UNH. It celebrated its recent transitions last Thursday in Durham, and will celebrate again this coming Thursday, in Portsmouth.