{"id":7012,"date":"2020-11-30T09:00:20","date_gmt":"2020-11-30T09:00:20","guid":{"rendered":"https:\/\/letslaw.es\/?p=7012\/"},"modified":"2023-01-23T10:16:13","modified_gmt":"2023-01-23T10:16:13","slug":"what-is-a-business-incubator","status":"publish","type":"post","link":"https:\/\/letslaw.es\/en\/what-is-a-business-incubator\/","title":{"rendered":"What is a Business Incubator?"},"content":{"rendered":"

A business incubator is an excellent tools for the development of companies at the time of their birth<\/strong>, as they provide the necessary assistance to take first steps to grow.<\/p>\n

What is a business incubator?<\/h2>\n

We can define business incubator as a program that gives the necessary support to businesses in their earliest stages<\/strong> in order to help them grow, strengthen and develop.<\/p>\n

The incubators offer their consulting services from the initial phase of the project<\/strong>, from the moment that the business idea was created. However, their role goes much further.<\/p>\n

Among other services: they are in charge of evaluating the technical, financial and market feasibility of a plan<\/strong>, providing legal advice, developing market and sales plans, and even accessing financing and seed capital.<\/p>\n

They can also offer a physical space<\/strong>, which includes basic services (water, electricity, telephone and internet, as well as, financial, accounting, etc.). Likewise, some incubators put companies in contact with potential investors<\/strong>.<\/p>\n

Business incubators can be both public and private entities<\/strong>. The company that starts its projects must participate in the suitability selection process carried out by the incubators themselves in order to be able to benefit from their services.<\/p>\n

How do they work?<\/h2>\n

As mentioned earlier, for a company to benefit from the advantages offered by an incubator, it must overcome the selection processes<\/strong> and criteria established for each occasion, and at the same time select the most suitable companies. Among the most common features<\/strong> required by incubators, the following can be highlighted:<\/p>\n

    \n
  • Innovation<\/strong> in the marketed product or in the service provided.<\/li>\n
  • Economic<\/strong> feasibility,<\/li>\n
  • Good technical qualification<\/strong>.<\/li>\n
  • Minimum financial resources<\/strong> to start the project<\/li>\n<\/ul>\n

    Assistance stages of business incubators<\/h2>\n

    The assistance provided by a business incubator is usually divided into three stages.<\/p>\n

      \n
    1. The first of these is the so-called pre-incubation stage<\/strong>, during which entrepreneurs are given guidance for the development of their company.<\/li>\n
    2. The second stage is incubation<\/strong>, during which the implementation, operation and development of the business and all the processes are reviewed and monitored.<\/li>\n
    3. Finally, after the business has started, the post-incubation<\/strong> is applied to continuously improve it.<\/li>\n<\/ol>\n

      Contact Us<\/h2>\n
      \n

      <\/p>

        <\/ul><\/div>\n
        \n
        \n<\/fieldset>\n
        <\/span><\/div>\n
        <\/span><\/div>\n
        <\/span><\/div>\n
        <\/span><\/div>\n