incubator space

incubator space

Office, industrial, or high-tech space usually owned or managed by a local government development board and intended to provide an economical and supportive environment for new business start-ups.The rental rates are usually below market,there is some sharing of services and amenities, and mentoring services are provided.The new business is usually kicked out of the nest after it reaches a certain volume of business or after it achieves a previously approved and agreed upon business plan.

References in periodicals archive ?
It provides services that range from incubator space with fully-equipped laboratories and "plug 'n play" offices for entrepreneurs to path-breaking programs designed to demonstrate, nurture, and sustain new technology businesses and bring their benefits to the region and the world.
The property will be used as the firm's UK headquarters, having outgrown their previous council-run incubator space at Charlotte Square.
Ten deals totaling 35,781 s/f were with tenants relocating their operations from incubator space throughout Downtown Manhattan, according to Raymond Chalme, principal of BSD.
Santander opened incubator space for promising start-ups in its corporate banking offices in Liverpool's St Paul's Square last July.
The new incubator space at the Business Incubator will help entice more talented returnees.
Required outputs of the project include the delivery of a high quality, mixed tenure residential development; a modernised and enhanced Holborn library and archive; refurbished retail space fronting Theobald~s Road; replacement facilities for an existing street cleaning depot operated by Veolia; and new studio / business incubator space to replace the existing facilities currently occupied by Cockpit Arts.
The course will make fledgling businesses "investor ready" - and once they reach that stage, it's hoped they will set up on Teesside - including taking incubator space in Middlesbrough's Boho One, the home to many of Teesside's digital and creative industries.
UConnect has been working within the Gener8tor Incubator space for the past months and their new, independent location will consist of over 2,000 SF.
In fact, "finding a productive, community-oriented use for the former incubator space on the top floor was really pretty easy" she said.
They have also provided us subsidized incubator space to help us get started.
The new-build project will contain a range of offices, training and conference facilities and incubator space for new businesses.
The couple reside in Sharjah but moved to the Fujairah hospital because of shortage of incubator space.