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JCC Business and Technology Incubator Client Graduates

 

Date: January 11, 2011
FOR IMMEDIATE RELEASE
Contact: Russell C. Seymour, Economic Development Director  James City County 

Phone: (757) 253-6607

 

The James City County Business and Technology Incubator (JCCBTI) is pleased to announce that MODU System LLC (MODU) has graduated. MODU is the Incubator’s first graduate since the College of William & Mary’s Technology and Business Center began managing the program in January 2010.  

 

MODU joined the Incubator in January 2010, as the start of a US subsidiary for the Malaysian-based parent company, MODU System, which manufactures and sells multi-flex modular conveyor systems.   MODU System has locations in more than 14 countries including Australia, China, Indonesia, and Japan.

 

To qualify for graduation from the JCCBTI program, a client must participate in the various educational programs provided by the Incubator; attend periodic meetings with JCCBTI Manager and advisory committee staff regarding milestones and other progress activities; generate sufficient profitability for success outside of the JCCBTI; and have a plan for sustainability outside of the Incubator environment.

 

Bill Bean, JCCBTI Manager, stated, “MODU will receive a Certificate of Completion for their time with JCCBTI. Furthermore, they qualify to participate in the Graduate Sustainment Program.” 

 

The Graduate Sustainment Program is designed to provide on-going advice and assistance to companies to help ensure that they remain on-track for continuing successes.  

 

The JCCBTI was founded by James City County and its Economic Development Authority (EDA) and is currently managed by the College of William & Mary. The Incubator offers its clients a wide-range of services tailored to their business’ individual needs, including educational programs through the Mason School of Business; development of business and financial plans; access to local service providers; and introduction to financing and funding resources. Incubator clients can range from fledgling companies to existing businesses that are transitioning to new locations.
 
Entrepreneurs who would like to find out more about becoming an Incubator client should contact Bill Bean at 757-221-7825 or webean@wm.edu.

 

More information about MODU System is available at www.modu-system.com

 

 

 

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