Today, The Salem News covers our growing momentum at NSIV. Our success is the result of the wonderful collaboration of all our partners, supporters and members. Thank you.
North Shore InnoVentures provides more than just lab and office space
BY ETHAN FORMAN STAFF WRITER
BEVERLY — Early stage life sciences and “cleantech” companies that are part of the nonprofit business incubator North Shore InnoVentures are benefiting not only from reduced rates for lab and office space, but from the advice and networking it offers.
“To be successful, you can’t do it yourself,” said AdvaStim co-founder and Chief Technology Officer Barry Yomtov, whose medical device startup was one of the first to join North Shore InnoVentures.
“Networking is the biggest part,” said Martha Farmer, president and CEO of North Shore InnoVentures.
The high-tech incubator gives entrepreneurs the ability to rub elbows with CEOs from across disciplines who have dealt with similar problems in starting a company. It gives them advice on how to pitch to an investor, write a grant, protect intellectual property, get legal help or build an executive team.
“Working with mentors who are very strong, very experienced, ‘been there, done that,’ helps tremendously,” Farmer said.