What Are The Role Of A Business Incubator In Business Growth

1
What Are The Role Of A Business
Incubator In Business Growth?
2
Importance Of Business Incubator

• For the development of any start up business,
  Business Incubator always plays a vital role.
  Business Incubators helps new start up businesses
  by providing them office space along with other
  emergency services like telecommunication
  services, internet connectivity etc. They also
  provide administrative support services. After
  all, an incubators primary objective is to
  produce a firm more successful and financially
  strong so that they can survive on their own foot.

3

• Business Incubation is the name given to the
  process, where in an individual or an
  organization supports the establishment and
  growth of a start-up. Those supporting the
  start-up or new companies are called business
  incubators. These business incubators see the
  growth potential and weigh the opportunity before
  supporting or funneling funds into any start-up.
  The selection of a start-up involves a high level
  of research before any decision is taken to
  support or fund a start-up. In a nutshell, we can
  say the goal of incubation is to increase the
  success chances of business.

4
Role of Business Incubator

• They help with business basics
• They provide Networking activities
• They provide Marketing assistance
• Incubators help in Market Research
•  Incubators Help with accounting/financial
  management
• They help in providing Access to bank loans, loan
  funds and guarantee programs
• Incubators help with presentation skills
• They link to higher education resources

5
Role of Business Incubator

• They link to strategic partners
• They provide Access to angel investors or venture
  capital
• They organize Comprehensive business training
  programs
• They act as Advisory boards and mentors
• They help in Management team identification
• They help with business etiquette
• They provide Technology commercialization
  assistance
• They help with regulatory compliance
• They provide Intellectual property management

6
Choose The Right For Your Business

• In conclusion, despite the drawbacks, incubators
  always play an important role for start-ups. All
  the start-ups may not need an incubator, but it
  is always beneficial to take the help of one.
  Also, before approaching to an Business
  Incubator, you must do extensive research on
  incubators.

7
THANK YOU