Business Incubator


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Business Incubator

A program to help a start-up stay in business. A business incubator may offer management consulting or other services to provide a new company with needed resources to overcome common problems. Very commonly, business incubators also offer more concrete aid, such as free or discounted rent on an office for the first six months of operations. Companies that pass through a business incubator stage have a much higher success rate than those that do not.
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The center houses a business incubator program, and provides a range of workshops for participants to hone their business skills.
The purpose of a business incubator is not to simply offer space but to help a small enterprise to grow.
Business Incubator of the Green Bay WI Area Chamber of Commerce.
Whether it is a new or existing business, these clients benefit from a support network of other business owners in the business incubator and essential management support from the business incubator staff.
According to Bonnie Cook, Pioneer Technology Center's self-employment training coordinator and business incubator manager, "What makes this certification so unique is that this is the first retail business incubator in the nation to become certified.
In fact, according to the National Business Incubator Association (www.nbia.org), colleges and universities are affiliated with or sponsor more than a quarter of the 950 business incubators in North America.
According to the National Business Incubator Association's 1998 State of the Business Incubation Industry shows that since their inception North America's nearly 600 incubators have added some 19,000 companies and more than 245,000 jobs to the economy.
One program that focuses on developing skills of new business owners is the small business incubator (Gaulding and Walter, 1989).
If you require any further support or advice, or would like to have a look at a business incubator please call Tedco on 0191 519 7202, email enquire@tedco.org or visit us at www.tedco.org.
Developing a business incubator is an enormous process.
One of the new programs that has become increasingly popular for entrepreneurs is the Small Business Incubator Program.
The International Business Incubator New York City (IBI) located at 1540 Broadway in the Bertelsmann Building announced last week that its first tenants include Transbridge, a Hungarian-owned trading company; G.F.

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