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 ?
The opportunity to attract Chromatin to Champaign Urbana is made possible by state and university commitments to building incubator space, facilitating faculty-corporate interactions and establishing and sustaining a research park.
It will complement existing incubator space in the city, including Tramshed and Entrepreneurial Spark, with well-advanced plans for other similar spaces.
Speaking about her experience of winning the award, she said, 'It was a highlight of my life and a great opportunity and platform to further scale up the work of the Enable Lanka Foundation for an incubator space for young entrepreneurs with disabilities.
incubator space for tech startups at its newly expanded campus, with Tech Manchester managing the community.
4m redevelopment of the award-winning Salvus House in Aykley Heads Business Park in Durham, offering office and incubator space.
For the fourth straight year, 43North awarded a total of $5 million in cash prizes, free incubator space in Buffalo for one year, guidance from mentors and access to other business incentive programs to eight startups from around the world.
Called The Exchange, the design envisions a pedestrian- and transit-oriented mixed-use district focused on Innovation and includes "startup" micro-unit apartments, business incubator space, creative office space, affordable and market-rate apartments, and ground-level retail and restaurant space.
He said: "Link Street is something of an incubator space, allowing independents to build and grow from there.
Pete Cooper, UK manager of shopping centres for Hammerson, said: "Link Street is something of an incubator space, allowing independents to build and grow from there.
In the new role, Mohamad will oversee, facilitate and acceleratethe drug discovery with a focus on therapeutics and platform technologies, as well as offer funding, other support and incubator space to entrepreneurial partners, including proof-of-concept research at academic and major medical centers, research institutes, and early-stage start-ups with the goal of achieving industry collaborations and/or venture capital financing.
The 32,000 square feet of business incubator space is now full and we are considering expansion possibilities.
Jill Daye, Director for In Focus Brands, states: "We have finalized the comprehensive prize packages that now include: a crowdfunding solutions (EDA Funding), a launch package through our EDA Labs; media packages through In Focus Brands and IFP Films; Autonomy Distributors' distribution/sales consultations and Sage College's incubator space.