Philadelphia Area Firm Launches Unique Approach to Accelerate Entrepreneurial Business and Job Growth

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Novotorium is a new organization that helps emerging companies achieve sustainable operations and profitability, according to Mike Krupit, Novotorium leader.

Our business model offers entrepreneurs the opportunity to work with our internal team, mentors, advisers, and other emerging companies in our collaborative, open-innovation environment.

Entrepreneurs who want to accelerate business growth and create jobs in the Philadelphia region have a new partner in Novotorium, a unique organization that can help them take the next big step. Businesses that have already launched and are not achieving their goals as aggressively as planned are ideal candidates to apply to become part of Novotorium.

“Our business model offers entrepreneurs the opportunity to work with our internal team, mentors, advisers, and other emerging companies in our collaborative, open-innovation environment,” according to Novotorium leader Mike Krupit. “Novotorium provides these companies with assistance to set them onto a course of sustainable growth, profitability and job creation.”

“Seed-stage startup businesses receive a tremendous amount of support from nationally-known organizations such as TechStars, Y-Combinator, and Philadelphia’s Dreamit Ventures,” said Krupit. “They fill important needs in the entrepreneurial eco-system. Novotorium is different.”

Traditional incubators focus on helping companies that are just starting out and need things such as a basic business plan, a prototype product or service, or an operational strategy. Novotorium is designed to help companies whose needs are beyond the scope of seed-stage incubators but may not be ready or able to achieve organic growth on their own. Novotorium’s approach for entrepreneurs is unique because it does not charge fees and does not require compensation in the form of equity as pre-requisites to becoming part of the program.

Novotorium features a dynamic mix of office space designed for collaboration and open innovation, powerful connections to experienced mentors and advisers in a range of specialties, and the prospect of capital investment. Entrepreneurs work with Novotorium for an initial three month period which may be renewed multiple times as long as mutually beneficial. The open environment encourages the exchange and collision of ideas, experiences, and insights of entrepreneurs, mentors, and advisers, creating greater opportunities for innovation.

Entrepreneurs interested in learning more about how Novotorium can help them are encouraged to review the website http://www.Novotorium.com and apply. Novotorium is also continuing to add to its network of advisers and mentors. Inquiries from professionals interested in becoming Novotorium partners are welcome.

Novotorium will hold an open house from 5 p.m. to 8 p.m. on Tuesday, November 1, 2011, at their headquarters located at 900 Wheeler Way, Langhorne, Pa. Guests are invited to see the new space for innovation and meet the Novotorium team. It will be a great opportunity to network with like-minded entrepreneurs, advisers and mentors, in Novotorium’s open and creative environment. Food, drinks, and entertainment will be provided. Admission is free, but registration is required. Event details and registration information is on the website at http://www.novotorium.com.

About Novotorium:
Novotorium is an independent, private sector initiative funded by the Baron Innovation Group, and based in Langhorne, Bucks County, Pennsylvania. Novotorium provides the environment, advice, services, and funding that are needed for entrepreneurs who strive to accelerate their emerging companies. Novotorium’s unique approach helps entrepreneurs cross the chasm to achieve sustainable growth and profitability. For more information about Novotorium visit http://www.novotorium.com.

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Chuck Hall

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