If it is at an early stage of development, your company may benefit from joining a business incubator.
An incubator is a facility designed to assist businesses to become established and sustainable during their start-up phase.
Typically, they do this by providing:
- shared premises
- business advice
- business services
- access to investor, market and international networks
- mentoring
- a full-time, hands-on management team.
The incubation period for an individual business is normally two to three years.
United States statistics show that business incubators increase the survival rate of start-ups from 35 percent to 87 percent.
