Ideas to Business

Students, faculty and staff at Oakland University and Cooley Law School are participating in a new venture called Ideas to Business (I2B), a lab that teams students from a variety of academic backgrounds. They are gaining access to support and expertise they need to move ideas for new businesses, products and services from inspiration to implementation.
 
EXCERT:

     The I2B initiative also provides resources including office equipment, meeting space, product testing support and access to a broad network of business professionals.

     Wayne Blizman, I2B coordinator, noted that a National Business Incubation Association study reports that 87 percent of incubator startups are still in business after 10 years, compared to a survival rate of only 44 percent of non-participants after four years in business.

      “This program allows the person to take his or her idea from the dream stage to reality,” he explained. “It will increase the odds a new business will become a sustainable, contributing member of a strong economic community.”

     The initiative also promotes the value of collaboration in nurturing new business ventures.

For more information, visit here.