Nubric Refines Corporate Incubator Plan | News, sports, jobs

Nubric in a non -profit organization dedicated to the promotion of economic growth, innovation and entrepreneurship in New ULM and the surrounding area. In recent years, Nubric has worked on a long -term goal of creating an incubation center for companies in New ULM. The idea of ​​the corporate incubator is to establish a location to develop start -up companies. Once the companies are established, it moves to another location and a new start -up company enters the location of the incubator.

To start the business incubator, Nubric is looking for subsidy funding. Nubric’s CEO Steve Brown said that the subsidy request was initially written by Center of Rural Innovation (Cori), but that demand has never been finished. Cori lacked funds and could not fulfill the request. Nubric has decided to finish the editorial staff of the internal subsidy.

The Nubric Council held a special strategic planning session on Monday to help fulfill the subsidy request.

“We need participation of the board of directors in the process and we need a consensus to move forward and get the grant,” said Brown.

Lou Vanderwerf, member of the Board of Directors of Nubric, encourages the Council to be specific in writing of the subsidy request for the scale.

At the start of the planning session, the member of the Nubric Council Lou Vanderwerf encouraged the Council to determine the areas to concentrate with the incubator.

“When you apply for one of these subsidies, you must be super specific,” said Vanderwerf. “You should know exactly what you do with it.”

Vanderwerf was part of the initial process of writing grants with Cori. She said that part of the problem was Nubric’s goal on the incubator continued to change. At one point, the emphasis went to cybersecurity technology, but it was an impasse because New ULM had no cybersecurity technology or any regional interest in cybersecurity. This subsidy proposal would not have worked.

Vanderwerf said they had to imagine working technology. Advanced manufacturing is already adapting to New ULM and could extend to other areas such as robotic and artificial intelligence.

Later in the work session, the member of the Nubric Council Rebecca asked to carry out an examination of the original incubator plan to determine if it should be updated. One of the main reasons mentioned in the plan to develop a business incubator was to thwart the loss of employment and population caused by automation.

The CEO of New Ulm Business Resource & Resource Innovation Center (Nubric), Steve Brown (right) and member of the Nubric Council, Shannon Hilshesheim (Let) works to refine their subsidy request for the reduction of construction. With the Nubric subsidy, the hope of creating a commercial incubation center in New ULM.

Brown has rejected automation resulting in job losses.

He said that in perfect global automation, has created more efficiency, resulting in a drop in prices for products, which strengthens sales and allows a factory to develop. In theory, automation could lead to more employees. Automation could also increase employment thanks to new information technology positions (TI).

“Automation is not a death death knell for industries,” said Brown. “It is supposed to improve industries.”

Brown thought that if the incubator should be based on advanced manufacturing, the subsidy should consider automation as an advantage.

Said agreed that it could be an advantage to rewrite automation as a potential advantage for the subsidy request.

Rebecca and Morja Haustein: members of the Nubric Council Rebeca Demand (left) and Morja Haustein (right) take notes during the strategic planning session.

“Let’s turn it around them into a positive story,” she said.

Brown thought he could rely on the technological industries already present in New ULM.

“Technological jobs are there,” said Brown. “Ampi manages two complete production lines with two people. It’s all robotics. He evolves in this director. “

Brown said he thought agriculture is also evolving in this direction.

“The farmer will not leave his house at 5 am,” he said. “He will press a button and his tractor will do the job.”

Build to subsidy is due to the fall of this year. Vanderwerf said there was a certain uncertainty if the subsidies will be available this cycle, but said that the subsidy was still precious.

“If you do all this planning and the grant does not come out, you still have your plan, you just need to finance it,” she said.

Brown said that the overall objective of building the incubator is to improve the new ULM business environment.

“We believe that automation will keep technology and people here,” he said. The incubator would help develop a technological ecosystem in New ULM. “We want to make New Ulm a friendly environment.”

It also means relying on infrastructure and accommodation. Nubric creates a labor housing project involving the creation of small apartment size houses in a village as a decor.

Nubric bought the property at 13 S. Street and Minnesota for the Small Homes project. They are currently working to obtain the approval of the development of the city’s planned units.

Brown said that hope is to start building small houses by August.