Incubators Support the Work of New Entrepreneurial Ventures

Incubators pic
Incubators
Image: entrepreneur.com

Scott Sohr is the chairman of Built Technologies, a Nashville, Tennessee-based company that focuses on providing construction lenders with a platform that allows them to borrow funding easily online. In addition to his work with Built Technologies, Scott Sohr is the president of STS Ventures, a company that serves as an incubator for successful startups in areas like fintech, healthcare, renewables, and finance.

A startup incubator is a company that provides a collective physical workplace for multiple startups in the same location. The goal of an incubator is to provide these early-stage companies with the resources they need to fuel growth. A company typically can stay within an incubator’s space until it has grown in scale to a size big enough to merit its own location.

In addition to a physical place to work, startups that work with incubators are also usually mentored by experienced investors and entrepreneurs involved with the organization, and may also secure funding from these investors. New entrepreneurs in these business relationships also may gain access to a wider and more accomplished range of business partners, as more established technology and media companies may feel more comfortable working with a newly-created startup backed by an incubator than with a small firm working to find success on its own.

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Author: Scott Sohr

With an extensive background in business, Scott Sohr is the co-founder of Stonegate Land in Nashville. The firm develops and invests in residential property developments in Tennessee and Kentucky. Stonegate developed 283 acres of rolling hills in Williamson County in Tennessee with the launch of Arrington Retreat, a community that combines the comfort of countryside living with the convenience of a growing region. Scott Sohr is also the co-founder of Elmington Capital Group, which invests in income-producing real estate and property management opportunities through three divisions: capital, affordable housing, and property management. He also co-founded Health Care Solutions, a third party administrator of self-funded medical plans that has been in operation since 2001, and Correct Care Solutions, which has offered healthcare solutions and services since 2003. Additionally, Scott Sohr is chairman of Built Technologies and president of STS Ventures. Prior to launching his career, he studied mechanical engineering at Auburn University and graduated with a bachelor of science. He then achieved an MBA from Vanderbilt University. To learn more about Scott Sohr, visit: http://scottsohr.com/.

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