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Amoskeag Business Incubator Relaunches as abi Innovation Hub

Wednesday, February 9th, 2011

Congrats to our friends at the abi Innovation Hub!!

The abi Innovation Hub (abi) (formerly Amoskeag Business Incubator) has unveiled its formal rebranding and 2011 strategic plan focused on technology innovation. The 14-year-old 501(c)(3), originally formed as a collaboration between Southern New Hampshire University and the City of Manchester, believes its stable foundation coupled with its new vision will elevate its relevance and attract the most innovative minds, ideas and businesses in New England. 

abi-innovation-hub“It’s invigorating to have the abi back on the path to changing the business landscape in New Hampshire by creating jobs and wealth, fostering the area’s entrepreneurial climate and accelerating growth of local industry. The rediscovered energy is contagious,” said Ed French, long standing board member and MBA Director from Franklin Pierce University. 

In October 2010, the abi brought on Jamie Coughlin as VP, Strategic Initiatives & Entrepreneur in Residence focused on strategic growth, recruitment of technology startups and innovation, strengthening of affiliate programs, formation of business and non-profit partnerships, building of support programs and services for members, and the creation of a national voice representing the abi and innovation out of New Hampshire.  Working alongside Michele Petersen, VP, Operations, who has been with the abi for three years, Coughlin, a serial entrepreneur and graduate of Princeton University, will lead a new vision of open source entrepreneurship.  

“These are exciting times for people with big ideas and the new abi will literally be a hub for all things startup,” added Coughlin. “In recent years, there has been an influx of new innovation centers, business mentor programs, next generation incubators, angel and venture capital portfolios forming and seeing great success. We recognize that we’ve been behind the times a bit and that many of these organizations have thrived in larger cities, but our new leadership and board is dedicated to harnessing and catapulting innovation in our region.”  

Manchester-based marketing and advertising agency, Griffin York & Krause (GY&K), provided the new branding, packaging and positioning for the abi free of charge, displaying its commitment to entrepreneurship and technology in New England. Touted as a marketing innovation firm, GY&K, dove in with both feet helping to create the abi’s new vision and tagline, “ideas | innovation | impact.” 

The abi has also increased its board of directors from six to 10 members, many focused on Internet startups with specialties in venture capital and strategic investments, patent and IP law, technology operations and production, real estate and property management, sales, marketing, customer service and finance and accounting. Each director brings a shared focus of sustainability and long-term viability, fueled by revenue growth and profitability, which yields continued relevancy for the abi. 

“We knew that we needed to evolve and shift our positioning to return to prominence. Rebuilding our board was our starting point,” said Pete Lachance, Board Chair of the abi and CPA at Howe, Riley & Howe. “We’ve rebranded, are building out a socially connected website, assembled a stable and engaged board, livened up and wired our space, partnered with key technology companies and VC firms, and even have an event series in the works. You will see our board serve as a moving board of mentors for all abi companies past, present and future. Do you have an idea? Are you a startup or early phase business looking to work amongst likeminded entrepreneurs? Join the abi community.”