With the economy still trying to recover, there are a great number of ideas and start-up companies that are having trouble receiving funding from investors. “Utah is well known for having a strong entrepreneurial base and we are excited to see the wide array of startups that are coming out of the rocky mountain region. Our region is the fastest growing region in population and economic gross domestic product,” said the CEO of Idea Partnership of Utah, James Borzilleri.

Young companies that start out with a business incubator can have an immense advantage over companies that start out on their own. Over 80% of companies that start through an incubator are still in operation – an impressive statistic.

This new business incubator prides itself on the business expertise and mentoring aspect of its incubator. James Borzilleri stated “I strongly believe that our training and advice given are more valuable than the capital provided to the entrepreneur.”

Idea Partnership of Utah is made up of an internet savvy team, focused on internet based, technology, and software companies. “Our goal is to produce successful companies that will leave the program free-standing and financially stable,” said Shawn Smith who is an analyst with the company.

We are entrepreneurs helping other entrepreneurs,” explained James Borzilleri who has been an entrepreneur for over 20 years and has launched many successful companies. He went on to say “building a business is a lot of fun, if we receive a strong ROI while doing it then great.”

State residents like to see programs like Idea Partnership of Utah increasing. Besides the benefits between the incubator and the entrepreneur, this relationship helps the local economy. Programs like business incubation promote business growth and jobs, and are a perfect way to revitalize a community in a down economy.

For more information on business incubation and Idea Partnership of Utah, go to:

http://www.ideapartnerhip.com