Business Incubator

What is a Business Incubator?

Business incubators provide a physical location in which a new business can start, in an environment supported by business advice and shared services.

While there are many differences, a typical business incubator would have the space to accommodate between 10–50 small businesses, all working towards the goal of ‘graduating' from the facility within 2-3 years. During this time, the owner has access to business advice and support services for the purpose of getting the business off and running in a cost effective and supportive environment.

Business incubators help to reduce the failure rate of start-up businesses, which makes them economically viable as they help to create jobs and stimulate the economy.

Would a business incubator suit me and my business? Are you starting a new business? Have you outgrown your home office? Do you want access to regular support, mentoring and networking? Do you want to avoid entering into a long- term commercial lease? If you answer yes to any of these questions then maybe a business incubator would work for you.

What are the benefits of being part of a business incubator?

On-site, business support, mentoring and training – many incubators are managed or located by the local Small Business Center.

Instant peer support and networking opportunities created with other small business owners and managers.

Minimal start up costs – many Business Incubators offer competitive rental rates, which assist with minimizing costs so that you can focus more on developing your business rather than worrying about paying the next big bill.

We presently do not levy any charges to our Business Incubator tenants. Tenants are provided with a free space, use of facilities such as phone, fax and computers, business training and mentoring.