WHAT IS A BUSINESS INCUBATOR?

A business incubator is a place with assistance that helps people start and grow businesses

HOW DO I START A BUSINESS INCUBATOR IN MY COMMUNITY?

If you want to start a business incubator, define the community you want to target (geographic, industry, job generators, etc.), clarify your true market opportunity in the context of your available resources and engage with some experienced people to create a plan that establishes a sustainable, self-sufficient program for your unique situation.

WHICH BUILDINGS CAN BE USED AS A BUSINESS INCUBATOR?

Depending on your targeted mission (jobs, wet labs, food, blight removal, etc.), almost any type of (or part of) a building can be employed for business incubator services. Redevelopment of former industrial, commercial, and institutional facilities, as well as new construction, can each be successful as part of a practically designed, integrated plan and program.

WHAT SUPPORT CAN MY BUSINESS EXPECT AT AN INCUBATOR?

Startups and small enterprises throughout the business life-cycle should expect a business incubator to deliver a nurturing environment with low-risk space (small, flexible suites with short-term occupancy commitments) and a curious, experienced team to provide customized guidance and connections.

HOW DO I FIND A BUSINESS INCUBATOR NEAR ME?

You can find a business incubator by searching International Business Innovation Association (INBIA) atwww.inbia.org , checking with your local economic development organization or do an online search. Depending on your business, don’t forget to consider co-work (office), makerspaces (workshop) or shared commercial kitchens (food) as incubator-like alternatives

2021/07/25