NORTH BRUNSWICK–The National Business Incubation Association (NBIA) awarded its Soft Landings International Incubator designation to the Commercialization Center for Innovative Technologies (CCIT), which is part of the New Jersey Economic Development Authority’s (EDA’s) Technology Centre of New Jersey in North Brunswick.
The designation recognizes incubators that are capable of helping nondomestic companies enter the domestic market with translation services, cutting through red tape, accessing capital, domestic market research and other programs.
New Jersey is now home to two of only 23 small business incubators in the world that have earned the Soft Landings designation. The Enterprise Development Center, a business incubator operated and sponsored by the New Jersey Institute of Technology, was awarded the designation in 2010.
Tim King, NBIA’s international programs operations manager, said that both New Jersey incubators earned the Soft Landings designation because of their array of business services for nondomestic firms and demonstrated success helping firms enter the U.S. market.
“New Jersey’s business incubation program is a catalyst for the development of young companies by providing entrepreneurs with the expertise, networks, and tools they need to make their ventures a success,” King said in a statement.