Why Business Incubators are important for Startup Entrepreneurs

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Why Business Incubators are important for Startup
Entrepreneurs?
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Business Incubators
A business Incubators is an organization that
provides a wide scope of sources to startups and
primary stage of businesses. They can range from
office space to events and access to angel
networks. The objective of a business incubator
is to help start-up and primary-stage companies
grow and thrive.
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Role of Business Incubators

• They give proper guidance on how to compete
  successfully with established industry players
• They help with business basics
• They provide Networking activities
• They help start-ups save on operating costs
• They provide Marketing assistance
• Incubators help in Market Research
• They provide High-speed Internet access
• They create long-lasting jobs for new graduates,
  experienced mid-career personnel, and veteran
  executives

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Importance of Business Incubators

• Finance
• Incubators allow start-ups to save on the cost of
  running. The businesses that are part of an
  incubator may share the same facilities and share
  overhead costs, such as electricity, renting of
  office equipment and services for receptionists.
  If the incubator is located in low-rent
  industrial parks, start-ups may also take
  advantage of lower lease rates. Incubators may
  also support start-ups with their funding needs
  by introducing them to angel investors and
  venture capitalists and helping them present
  themselves.

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Importance of Business Incubators

• Management
• In addition to financial support, start-ups will
  need advice on how to compete with existing
  market players effectively. Incubators should tap
  seasoned entrepreneurs and former executives into
  their networks, who can provide advice and
  organizational assistance for management. 

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Importance of Business Incubators

• Synergy
• The near working relationships between the
  start-ups of an incubator produce synergies. The
  connections and networks built by these
  relationships will persist for a long time, even
  after the start-ups leave an incubator. Start-up
  founders should motivate each other and workers
  can exchange opinions about new approaches to old
  issues. Start-ups may plan joint marketing
  campaigns and cooperate on initiatives in the
  field of product development. These synergies do
  not inherently occur between phases.

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• In this presentation it is mentioned that why
  Business Incubators are important for starting a
  new business. If you are planning to start a new
  business, then you should consultant a good and
  repeated Business Incubator which will help you
  to grow and succeed in your business.

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THANK YOU