Innovative Process Administration recently outgrew its space in the MAGNET incubator and moved its 30 employees to its own building in Brecksville.  The company, formed in 2002, developed proprietary software to administer on-line enrollment and management of employee benefits programs.  During their stay in the MAGNET incubator, IPA enjoyed rapid company growth and after five years required significantly more space.  Since moving out in mid-2007, IPA continues to see strong growth.

Jim Zedella, president of IPA, was attracted to the MAGNET incubator primarily because of the wide array of entrepreneurial services, including management, marketing, networking and IT support.  These readily available services let IPA continue to focus on their core competency.  Marketing services in particular were extremely important in helping IPA build their brand and identity business coaching and networking provided by the program.    Another benefit was professional office space at a reasonable rate with a simple, no-hassle lease.  IPA’s incubator space was “turn-key” ready, with furniture, phone, voicemail and internet connectivity all in place and ready to go on day one of their lease.  This built-in functionality allowed IPA to immediately focus on building their business, not handling mundane office logistics.    The ability to focus on their core business and not worry about facilities issues was a key factor contributing to brisk growth.  The capital savings generated in the first 18 months allowed them to hire two staff members ahead of schedule; a critical accelerator for their business.    Zedella states that “MAGNET’s Entrepreneurial Services offer an environment that is financially attractive, and provides entrepreneurial camaraderie that contributes to enhancing the probability of making it through your first year and after.  It’s nice to know there are people there rooting for you and have the expertise to help you succeed.” Best of luck to Jim and his entire IPA team!