Business Services Industry
Hampton, Va., Company Aims to Become 'Incubator' of Other High-Tech Firms.
Knight Ridder/Tribune Business News, June, 2004
By Chris Flores, Daily Press, Newport News, Va. Knight Ridder/Tribune Business News
Jun. 21--Since Nascent Technology Solutions was acquired a year ago by Luna Innovations, the Hampton company has added employees, quadrupled its revenues and moved into a new site with much more space than it had in the Hampton Roads Technology Incubator.
Now called Luna Hampton Roads, the company is benefiting from becoming part of Blacksburg-based Luna. Both firms had similar business models: use government or university grants and industry financing to do cutting-edge research. Then create products that form the basis of a new Luna company or are sold to an existing corporation.
"The idea is for Luna Hampton Roads to become its own incubator," said...
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