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Is Your Start-Up Fit for an Incubator?
Posted: Aug 7th, 2012
You are ready to start your business. Your planning has been completed. Now, you want to take your start-up to the next step. Many entrepreneurs just go at it alone with no mentors and no help. While this works for a few, some start-ups need a little help to get up on their feet. This is where business incubators come in handy.
What is an Incubator?
Business incubators are a good way to kick start your operations. There are about 1,200 nestled in several cities nationwide. Incubators are typically places where a number of start-ups can rent space and equipment for a low price. This is always ideal especially if you are bootstrapping your business.
In addition, you can get professional business advice and assistance. Some incubators have a different format, offering the professional advice online. Some even invest money into select start-ups.
Benefits of Using an Incubator
- Professional Advice: When you are a start-up in an incubator, you are offered valuable advice from business professionals. These professionals are experts in their fields and offer their expertise to these start-ups. Like anything worth working through, you don’t have to work through this alone.
- Funding: Some incubators will actually invest in the start-ups using their services. Not all incubators do this and the ones that do will only invest in certain companies. If your company is qualified, this is a great route to pursue.
- Low Cost Space: If an incubator has a facility, then they are offering the space to start-ups for little to no cost. This is a great way for entrepreneurs to save money and have the space needed to start operations.
- Equipment: In addition to the low-cost space rental, some incubators offer equipment to their start-ups. Depending on the incubator, start-ups can rent the equipment or are allowed to use it free of charge. This is just another way for a start-up to save funds.
Read the full article: http://www.accesstocapital.com/is-your-start-up-fit-for-an-incubator/