What are business incubators?
Business incubators nurture the development of entrepreneurial companies, helping them survive and grow during the start-up period, when they are most vulnerable.Business incubators provide their client companies with business support services and resources tailored to young firms. These services and resources include management guidance, assistance with business planning, and help obtaining financing. Incubators typically also offer companies rental space with flexible leases, shared basic office services and access to equipment – all under one roof. The main goal of most business incubation programs is to produce companies that create jobs and wealth in their communities.
Business incubators nurture the development of entrepreneurial companies, helping them survive and grow during the start-up period, when they are most vulnerable. These programs provide their client companies with business support services and resources tailored to young firms. The most common goals of incubation programs are creating jobs in a community, enhancing a community’s entrepreneurial climate, retaining businesses in a community, building or accelerating growth in a local industry, and diversifying local economies. Click here for a more complete description of business incubation.
Business incubators nurture the development of entrepreneurial companies, helping them survive and grow during the start-up period, when they are most vulnerable. These programs provide their client companies with business support services and resources tailored to young firms. The most common goals of incubation programs are creating jobs in a community, enhancing a community’s entrepreneurial climate, retaining businesses in a community, building or accelerating growth in a local industry, and diversifying local economies.
Business incubators nurture the development of entrepreneurial companies, helping them survive and grow during the start-up period, when they are most vulnerable. Business incubators provide their client companies with business support services and resources tailored to young firms. These services and resources include management guidance, assistance with business planning, and help obtaining financing. Incubators typically also offer companies rental space with flexible leases, shared basic office services and access to equipment – all under one roof. The main goal of most business incubation programs is to produce companies that create jobs and wealth in their communities.
