Idaho creates business incubator for alternative energy

Boise State University and the City of Boise have announced a plan for a new small business incubator run by the Idaho Small Business Development Center.

The incubator will give small enterprises, generally with four or fewer employees, assistance in the early stages of forming a company. The startups will have access to attorneys and consultants and will be able to lease office space for $150 to $300 dollars a month, including telephone and internet access.

The Idaho Statesman says the city will lease the facility to the development center for $1 a year. All the money earned from the rents will go back into the development center’s other programs.

KTVB-TV reports that many other business incubators have also opened up in the area, but that the Greenhouse will focus its efforts on companies working with alternative energy.

Startups with a focus on clean energy sources are also becoming on a target for outside investors. The most recent MoneyTree report by PricewaterhouseCoopers and the National Venture Capital Association showed that venture capital investment in clean technologies jumped 87 percent since last quarter.ADNFCR-3052-ID-19805714-ADNFCR

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