A graduate of the Owen School of Management at Vanderbilt University, Scott Sohr serves as the president of STS Ventures, a startup incubator based in Nashville, Tennessee. In this capacity, Scott Sohr helps early stage startups develop their businesses and ultimately succeed in fields ranging from health care and homebuilding to technology and finance.
Startup incubators are collaborative programs that provide services such as seed funding, mentoring, training, and workspace. In exchange for these services, startup businesses typically provide some type of equity ownership for the owner of the incubator.
Startup companies benefit from the resources offered by incubators, which often include accounting assistance, legal guidance, and office space. With these essential functions handled by the incubator, entrepreneurs are free to focus on bringing their product to market. Mentorship opportunities at incubators enable entrepreneurs to learn from the experiences of others and develop a sound organizational strategy.
In terms of networking, incubators naturally connect motivated entrepreneurs who wish to make an impact in their respective markets. Indeed, entrepreneurs often end up working with people they meet in incubators later in their careers.