Making Connecticut More Entrepreneurial: Peter Longo and Charlie Moret on WPLR

Click for Full Audio

An interesting look into the CTech group of incubators on John Voket’s For The People show, straight from the two “owners” of the initiative, Longo and Moret. Also some very interesting statistics that we haven’t yet substantiated, but look directionally correct. For example, on the improvement of success rate.

“They say that [about] 75 to 80% of businesses that operate out of an incubator are still surviving after five years and as we all know [with] start ups…there’s been [a tremendously high failure rate],” says Charlie Moret during the interview. Moret also discusses some of the new facilities made available through the Jobs Bill.

Charlie also mentions Continuity Engine (still located at CTech New Haven) and Independent Software (a CTech New Haven graduate) during the interview as examples of the benefits of the incubator approach.

Gad Selig from UB was interviewed in the second half of the program – he highlighted some of the benefits to the university in terms of student employment and experiential education. “One of the other benefits of the incubator is…to create jobs not only for students, but for others in the community,” Selig comments.