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The National Business Incubator Association reports
that 87 percent of all firms that have graduated from incubators are
still operating and over 500,000 jobs have been created since 1980.
Incubators help to reduce some of the risks associated with starting
a new business. |
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Business incubators help
to develop start-up businesses with the goal of graduation and creation
of local jobs. Research has shown that offering help during
this early stage, when many more businesses fail than succeed, significantly
increases their chance of survival from 35% to 85%. VCET and
our partners offer help by providing general business advice, marketing
assistance, business plan improvements, mentoring, market research,
patent registration, and funding. By setting up relationships
with the community and with the University, companies can take advantage
of resources they might not be able to access on their own.
Incubators differ in the types of clients they serve and the services
they offer. The goals can include job creation, increasing wealth
of state or local economies, and transferring technology from universities.
VCET clients are selected for developing new and innovative technologies
with a commercial potential. |
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About
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