Professional Documents
Culture Documents
Bus Incubation 1
Bus Incubation 1
Rather than being the last hope for failing companies, incubators
serve as a launching pad for young and small businesses. Start-ups,
which are innately dynamic entities, need access to support, and
incubators are a means of providing this. Whether located in urban or
rural areas, most incubators are distinguished by the specialist
services that they offer in addition to a physical home for a budding
company.
Added to that is the advantage of different unit sizes so that they can
fit to the needs of your business as it expands; you can start by renting
a hot-desk (usually by the hour) whilst you test your idea or take a
small workshop or office unit for yourself to start growing in. As the
demand for space for staff, equipment and stock grows, an incubator
can flex with you, offering a range of unit sizes to meet the needs of
innovative start-ups. Really innovative incubators have removable
walls that can be taken down or extended to create the space you
need.
Business incubation is truly flexible to meet the needs of the
entrepreneur or innovation and with success rates of 98%; they hold
the key to your success in growing businesses and entrepreneurs.
----------------------------------------------------------------------------
What we do
The SBTDC has conducted feasibility studies for over a dozen local
governments and community non-profit organizations throughout
North Carolina since 1995. Our studies include:
--------------------------------------------------------------------------------
Start-up Resources
• Angel Investors
• Venture Capital
• Incubators
• SEO (Search Engine Optimization)
• Start-up Guides (Starting a company in India)
• Government Initiatives
------------------------------------------------------------------------------------
Business incubators provide their resident companies with business support services
and resources such as guidance, assistance with business planning and help
obtaining financing. Incubators usually also offer companies rental space with
flexible leases, shared basic office services and access to equipment all under one
roof.
Angel investors are individuals who invest in businesses looking for a higher return
than they would see from more traditional investments. Many are successful
entrepreneurs who want to help other entrepreneurs get their business off the
ground. Usually they are the bridge from the self-funded stage of the business to the
point that the business needs the level of funding that a venture capitalist would
offer. Funding estimates vary, but usually range from $150,000 to $1.5 million.
The most effective Angels help entrepreneurs shape business models, create
business plans and connect to resources - but without stepping into a controlling or
operating role. Often Angels are entrepreneurs who have successfully built
companies, or have spent a part of their career coaching young companies.
Venture capital
is the term for money invested in young, fast growing companies. Many of today's
leading companies were backed by venture capital: Biocon, Google, Oracle, Apple.
Clearly, there are benefits to venture funding, but it's not a good fit for everyone. It's
critical for an entrepreneur to understand the venture dynamics, as Balaji Srinivas at
Aureos Capital warned, "It is very important for the entrepreneur to know why the
VCs are doing what they are doing."
The National Venture Capital Association defines venture capital as: "Money
provided by professionals who invest alongside management in young, rapidly
growing companies that have the potential to develop into significant economic
contributors."