San Jose and Silicon Valley Business Journal, 27th
The back-to back opening
of two software incubators in downtown San Jose suggests
that Silicon Valleys tech industry may have slowed,
but its hardly standing still.
The Korean Software
Incubator and the Scottish Software Centre became
downtowns newest residents April 24 and 28
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 valleys
economy is among the healthiest in the world, said Joe
Hedges, manager of international programs for the city of
San Joses Office of Economic Development.
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
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
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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