Business Incubators can help your business…find them here!

28 Mar

Business incubators are programs designed to speed up the growth of startup companies. They typically provide an environment where start-up companies can benefit from favorable rent and services.

Incubators help to create a firm foundation for companies whose main business is the development of new products, technologies or services. This is great for startups who lack the resources and funding necessary to build their business.

According to Wikipedia .com successful completion of a business incubation program increases the likelihood that a start-up company will stay in business for the long term: Historically, 87% of incubator graduates stay in business.

Incubators help with:

Business Networking

Marketing Assistance

High Speed Internet Access

Accounting/FinancialManagement

Access to Bank Loans, Loan Funds and Guarantee Programs

Links to Strategic Partners

Access to Angel Investors or Venture Capital

Comprehensive Business Training Programs

Advisory Boards and Mentors

Management Team Identification

And much more!.

Acceptance criteria vary from program to program, but in general only those with feasible business ideas and a workable business plan are admitted.

To find a Business Incubator in your State, you can visit the National Business Incubation Association’s website at www.nbia.org

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