New business formation through the Enterprise Development Center: a model for new venture creation

Creating companies is a critical issue for the United States as a whole, and particularly for specific areas within the United States if they are to compete effectively in a global situation of hypercompetition. This creation process requires an understanding of technology development and a method for linking the alternative resources necessary. The author discusses the aspects of this process and presents one method for linking the resources required-an Enterprise Development Center (EDC). To date, all six aspects of the EDC have been successful in creating new ventures. Following the presentation of the aspects of the EDC, the author concludes with a method for developing an EDC in a specific area