What Does A Business Incubator Do
A Business Incubator is designed to accelerate the growth and success of entrepreneurial companies through an array of business support resources and services that could include physical space, capital, coaching, common services, and networking connections.
- Accelerates the successful development of entrepreneurial companies and helps existing small companies expand and grow their business.
- It offers affordable space, services and a support structure that can be an ideal environment for overcoming many of the inherent challenges and mitigating some of the risks small companies face in starting and building the business.
- Provides access to a breadth of resources and leverages knowledge and expertise through partnering relationships with the university and community college systems, regional economic developers, business leaders, government agencies, and state, county and municipal officials and engages them in mentoring & counseling, training, seminars, workshops, brown bag lunches, and regular programs focused on issues important to growing their business.
The Goal of Business Incubation
is Economic Development and
New Job Creation.