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 ?
Additional upgrades include a business incubator space within the existing office building and infrastructure updates such as stormwater detention facilities.
The resounding success of the Clinic has led to us taking the strategic decision to extend and deepen this offer through our new Incubator space, also on New Bridge Street, which is due to open in Autumn of this year.
Its founding team met in an incubator space at Robert Gordon University (RGU) in Aberdeen while each was working on a different, unrelated project.
Mike Parker, corporate director for economic prosperity and place at Wyre Forest District Council, said: "The council continues to invest in new space to enable our businesses to grow and the new units it has planned as an extension to the popular Hoobrook Enterprise Centre will complement the recent announcement of the expansion of the business start up and incubator space at Forest House on the Hoo Farm Industrial Estate."
Mike Parker, corporate director for economic prosperity at Wyre Forest District Council, said: "The council continues to invest in new space to enable our businesses to grow and the new units it has planned as an extension to the Hoobrook Enterprise Centre will complement the recent announcement of the expansion of the business start up and incubator space at Forest House."
New Ventures Lab openedin 2015 to provide a coworking and business incubator space to downtown Meridian.
Hofstra Center for Entrepreneurship is sponsoring in-kind prizes including technical assistance, incubator space, and marketing support.
In more successful areas more the rents go up so having this incubator space is really important," he said.
Brand said the ultimate goal, of course, is to outgrow the incubator space.
The programme will offer incubator space, business support services, clustering and networking opportunities for startups.
Summary: The incubator space will give creators the tools and guidance to tell their own stories
It will complement existing incubator space in the city, including Tramshed and Entrepreneurial Spark, with well-advanced plans for other similar spaces.