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Enterprise Development Corp Unites Local Business Leaders, Entrepreneurs
Posted: 5/7/2002

Posted By: EDC Contact: Chris Kennelly
Phone: 561-620-8494 Email: ckennelly@edc-tech.org

PRESS RELEASE PRESS RELEASE PRESS RELEASE PRESS RELEASE

COMPANY CONTACT:
Lori Metcalf
Director of Operations
Enterprise Development Corporation
561-620-8494 ext. 13
lmetcalf@edc-tech.org


FOR IMMEDIATE RELEASE

Enterprise Development Corporation Unites Local Business Leaders, Entrepreneurs
Mentor/Protégé Program Snowballs Across South Florida

Boca Raton, FL – May 7, 2002 – The Enterprise Development Corporation (EDC), a public/private partnership specializing in providing strategic business development services to emerging, science and technology-based companies, today announced that its innovative mentor/protégé program is gaining momentum as the organization continues to enroll seasoned executives to provide business advice to owners of emerging companies. EDC leads this initiative, known as the STAR BusinessLINC Coalition, whose primary partners also include the Broward Alliance and the Small Business Development Center of South Florida (SBDC).

“We are overwhelmed by the level of interest in this important program which offers entrepreneurial firms the opportunity to work with more experienced professionals who have achieved success in their lives,” stated Jane Teague, Executive Director, EDC. “The STAR BusinessLINC Coalition reinforces EDC’s commitment to engage the local business community on behalf of start-ups, and will enable us to achieve our mission of facilitating the creation and growth of science and technology companies. EDC is proud to lead the Coalition in support of this effort.”

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Enterprise Development Corporation Unites Local Business Leaders ……………Page 2 of 2

The program, introduced in November 2001 through a grant provided by the US Small Business Administration, focuses on creating business-to-business linkages that have a good chance of enduring beyond the initial 15 hour commitment as outlined in the grant. To date, leading firms such as Citrix, Edwards & Angell, Sprint, Tyco, and Quest Diagnostics have enrolled as mentors, while young protégé companies include Allidex, Amazia, eQualitativeResearch, and Gardenia Systems.

The STAR BusinessLINC Coalition’s mission is to facilitate the creation and growth of science and technology small businesses in South Florida through the following initiatives:
· Expanding business-to-business relationships between large and small business;
· Providing “successful business owners” and skilled government mentoring to small businesses;
· Providing businesses with online business development information to include a database of companies that are interested in mentor-protégé programs, and in community based local or statewide business development programs.
For more information about the program, or to enroll as a mentor or protégé, contact Lori Metcalf at EDC, 561-620-8494 ext. 13, or lmetcalf@edc-tech.org.

About EDC
Founded in 1994 as a public/private partnership, EDC provides direct strategic business development assistance to emerging science and technology-based companies in South Florida. EDC offers expertise in new product commercialization, business strategy development and implementation, technology transfer, strategic alliances and preparing emerging companies to raise capital funds. Since it’s founding, EDC has provided expert hands-on business assistance to over 71 companies. EDC has also helped those companies to raise over $76.5 million in financing, create over 164 new products, and create 5,185 new jobs. Its overall economic impact is in excess of $99 million to South Florida’s economy. For more information, visit www.edc-tech.org, or contact Jane Teague, Executive Director, at jteague@edc-tech.org, call 561-620-8494 ext.15, or write her at Enterprise Development Corporation, 3701 FAU Boulevard, Suite 210, Boca Raton, FL 33431.








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