Incubators open Downtown

from San Jose and Silicon Valley Business Journal, 27th April 1998

The back-to back opening of two software incubators in downtown San Jose suggests that Silicon Valley’s tech industry may have slowed, but it’s hardly standing still.

The Korean Software Incubator and the Scottish Software Centre became downtown’s newest residents April 24 and 28 respectively.

Among the more than 300 people attending the grand openings of each centre were dozens of foreign dignitaries and area politicos, including mayor Susan Hammer.

The two facilities will provide office space, secretarial help and equipment to fledgling technology companies at a low cost for a limited time. Space in the respective incubators is reserved for Korea- and Scotland-based companies wishing to do business in Silicon Valley.

The openings came just weeks after a technology-industry slowdown prompted industry powerhouses such as Netscape Communications Corp., Silicon Graphics Inc., Intel Corp. and National Semiconductor Corp. to announce sweeping job cuts.

Still, the valley’s economy is among the healthiest in the world, said Joe Hedges, manager of international programs for the city of San Jose’s Office of Economic Development.

"Silicon Valley continues to be a magnet for entrepreneurial and international companies because the business climate here is unmatched," he said. "Having a presence here provides expanded opportunities for any company, as well as allowing them to become integrated into the local business community."

Indeed, the Scottish Software Centre, headquartered in the International Business Incubator at 111 N. Market St. is the first incubator on foreign soil for Scottish software companies.

The centre, expected to generate at least $5 million in export revenue for Scotland in the next two years, will house as many as seven Scottish companies and provide support services for other Scottish software firms exporting to California.

Three companies are operating from the incubator, which is headed by John Del Favero, former IBM worldwide product-marketing manager and strategic planner.

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