Did you ever work with an incubator in your high school Biology class? You might have used it to grow bacteria but what’s important to understand is that the role of an incubator is to take something small and undeveloped and make it larger and more organized.
BoomStartup, the incubator for new businesses located in Utah, has announced ten companies it will mentor in 2011. The new companies are selected to participate in a three-month summer program. BoomStartup focuses on tech startups involved in web, mobile, and software markets.
A startup company that provides web-based tools for simplifying hiring of new employees has raised $100,000 of seed money. The Resumator has a system for helping businesses recruit, track, and select prospective employees. The new funding follows the company’s launch from a tech incubator environment, which has supplied the funding.
Fabricly is a company that intends to use the $400,000 of seed capital it raised to expand its offerings of a basic product sold with an innovative marketing approach. The startup was initially founded within an entrepreneurial incubator.
A Decatur, Alabama, business incubator is now back open for business after city officials revamped what had been a largely stagnant project in recent years, according to the Decatur Daily.