$IBRC - HUGE NEWS OUT ATLANTA, GA, via eTeligis, 3/26/2014 The NBIA (National Business Incubation Association)s description of Incubators. Business incubation is a business support process that accelerates the successful development of start-up companies by providing entrepreneurs with an array of targeted resources and services. A business incubators main goal is to produce successful firms that will leave the program financially viable and freestanding. Critical to the definition of an Incubator is the provision of management guidance, technical assistance, and consulting tailored to young growing companies. Incubators usually also provide clients access to appropriate rental space and flexible leases, shared basic business services and equipment, and assistance in obtaining the financing necessary for company growth. According to the NBIA, there are some 1,200 incubators operating in the USA. There is an average of 25 startups per incubator or some 30,000 startup companies. According to the 2006 State of the Business Incubator Industry report, 87% of incubator graduates stay in business with an average length of stay in the incubator of 33 months. eteligis/ViewSubmission.aspx?submissionRequest=25103
Posted on: Wed, 26 Mar 2014 13:46:32 +0000
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