There is a new funding source and business accelerator for start-ups on the rise, called Idea Partnership of Utah. Idea Partnership has announced the opening of its business incubator. They provide entrepreneurs with mentoring, training, and contacts from seasoned entrepreneurs with a track record of success. Start-up companies that are chosen for the incubator program also receive office space with amenities. This is a great opportunity for entrepreneurs with an internet idea or startup that want to accelerate and grow their business to its full potential.

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 mentoring can be more valuable than capital”.

Idea Partnership of Utah is made up of internet savvy leadership, focused on internet technology and SaaS software companies. “Our goal is to produce successful companies that will leave the program growing 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, we love what we are doing here, it's a way of giving back”

State residents like to see programs like Idea Partnership of Utah. Besides the benefits for the entrepreneur, the 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