How To Create A Business Incubator

Table of contents:

How To Create A Business Incubator
How To Create A Business Incubator

Video: How To Create A Business Incubator

Video: How To Create A Business Incubator
Video: How does A Business Incubator Work | Meaning Definition Examples startup Incubator | Speak Like Shaf 2024, November
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To create a business incubator, you need to have a good understanding of how and by whom its activities will be financed. In addition, it is necessary to comply with a number of technical and organizational requirements and resolve related legal issues.

How to create a business incubator
How to create a business incubator

Instructions

Step 1

Decide on which base you are going to open a business incubator. As a rule, such organizations are created either at universities, or at large enterprises, or as municipal budgetary institutions. You can try the option with an autonomous non-profit organization, but here the question of where to get money for its activities will become acute.

Step 2

Find the premises in which the business incubator will be located. Equip them with all the necessary furniture and office equipment, make sure that they have an Internet connection and a telephone connection.

Step 3

Complete the required legal paperwork. It all depends entirely on the basis on which you decide to create a business incubator. In a university or enterprise, this will most likely not be the formation of a separate organization, but of another unit or department. To open a municipal budgetary institution, you will have to register a legal entity.

Step 4

Do a good job so that your target audience knows how and why they can apply to a business incubator. Organize the grand opening, invite the media to it, create a website or blog, communities and social media accounts. Apply for placing information about the business incubator in address and other directories.

Step 5

Make a list of experts who are willing to partner with a business incubator. These can be active entrepreneurs, economists, lawyers, politicians. Determine the form in which the experts will work with future and emerging entrepreneurs: seminars, trainings, individual consultations. The business incubator pays for the activities of experts, more precisely, the institution or authority that finances its activities. All educational services must be free of charge for visitors to the business incubator.

Step 6

After all the formal issues are resolved, start looking for business projects that can be placed for incubation. Develop uniform criteria for the selection of projects, documentation, a procedure for submitting and considering applications, create an expert commission. Run a business project competition.

Step 7

Constantly inform your target audience about the events held in the business incubator. Conduct a survey of visitors, record their contact information - phone numbers and email addresses. Gradually, it will be possible to add an e-mail newsletter to the posting of information on the blog and social networks.

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