The ABC of Business Incubation
Business Incubator (principle)
Organization/institution aimed at creating a favorable and supportive environment, for start-up enterprises. The most important functions of Business Incubators are
- office/workshops space for lease, often (in some countries/cities) at lower than market rates and offering for flexibility getting additional space as required as well as flexible leasing terms
- administration and technical services (telephone, copying, conference/meeting rooms, secretariat etc. and
- start-up consulting/business planning for would-be entrepreneurs
Additionally there might be a wide range of other (consulting) services, technology transfer activities, seminars and training offers etc.