Gannon University Names Parnell Executive Director of Erie Technology Incubator

Jeffrey ParnellPosted: August 9, 2013

Gannon University has announced that the Board of Directors of the Erie Technology Incubator has named Jeffrey H. Parnell as the Incubator's executive director. He had been serving in that position in an interim capacity since March succeeding Russell V. Combs, when was named managing director of the Technology Business Incubator at the WESST Enterprise Center in Albuquerque, N.M.

In this position Parnell is responsible for the search for, evaluation of and negotiation with prospective entrepreneurs; and is responsible for strategic planning, developing and implementing operational plans and procedures, and oversight of staff and interns.

During his brief tenure as interim executive director, Parnell has established a partnership with the Ben Franklin Technology Partners to co-sponsor their $35,000 BIG IDEA Business Plan Contest, recruited six new mentors and four new tenant companies.

Parnell has extensive experience in a wide range of business sectors, including multi-channel retailing, manufacturing, financial services and consulting, including C-level positions and entrepreneurial start-up companies.

He joined Erie Technology Incubator in 2011 as a mentor/advisor and has served as an adjunct instructor in the University's Dahlkemper School of Business and at Mercyhurst University's Walker School of Business.

The Erie Technology Incubator at Gannon University provides the resources, expertise, and mentoring to support, nurture and transform early-stage companies in the scientific, engineering and information technologies sectors during the critical over a three-five year period after their founding.

Housed in a 33,000 square-foot facility at 130 W. Eighth St., the Erie Technology Incubator is currently home to 16 resident companies, and is working with six other companies in the community. Since the Incubator's creation, client companies have been responsible for more than $25 million in capital investments acquired, more than $1 million of capital expenditures into the local economy and the creation of 70 jobs. These private-sector companies are the employers of tomorrow, and are establishing their headquarters in the heart of the City of Erie.