Business Incubators

With that sort of title, you might be wondering what exactly a business "incubator" is. Basically, it is a method starting businesses can use to get their businesses "going". An incubator is a firm that focuses on giving support to starting firms. This can be done in a number of ways, such as resources and management training, in order to help revitalize economies.

By using an incubator, a start-up company can receive the benefits of low cost resources. The focus of an incubator is to help a company find resources at low costs in order to maximize potential and success. For instance, an incubator can help a company find low cost rental space, give access to equipment or technologies, and simply share some costs. Incubators are an incredible help in getting a business started when a start-up company has limited resources.

Aside from help with resources, incubators assist in management training. Depending on what the main objective of the incubator is depicts what kind of skills it will most likely bestow upon a new company. Most likely though, incubators will train new companies on financial management and basic skills on getting started and being able to maintain a successful business.

Using an incubator firm is just another one of the many ways to get a business started. It isn't easy to come up with the funds and always have the "know how" on how to run things. By using the assistance of an incubator, a firm is able to obtain resources it may not normally be able to and to gain knowledge from an experienced firm.

http://www.nbia.org/resource_center/what_is/index.php