The Government announced on 01 October 2008 that the Incubator Support Programme run by New Zealand Trade and Enterprise (NZTE) will get a $1.8 million funding boost and that in future, funding support for selected incubators will be spread over multiple years. NZTE will consult with New Zealand incubators when designing and implementing alterations to the program.
A Business Incubator is a facility designed to assist businesses to become established and sustainable during their start up phase.
Typically, they do this by providing:
The incubation period for an individual business is normally two to three years.
US statistics show that business incubators increase the survival rate of start-ups from 35 percent to 87 percent.
If you are a start-up business with high growth aspirations and export potential wanting to become involved in an incubator:
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The 2008-2009 funding round closed on 20 June 2008.
Details of the next funding round, to take effect on 1 July 2009, will be provided in early 2009.
Incubator Toolkit and Support Centre (iDISC)
iDISC - the infoDev Incubator Support Center - is a virtual networking and knowledge-sharing platform for business development professionals and organizations leveraging ICT to facilitate entrepreneurship and new business creation in developing countries.
Science and Technology Park Scoping Study (Jan 2004)This scoping study was undertaken to provide input to NZTE on the role of STPs internationally and their potential for supporting innovation initiatives already underway.
Incubators New Zealand Incubators New Zealand is the incubation industry's national association and aims to promote, foster and grow the industry.
The Association of University Related Research Parks (AURP) The AURP supports research/science parks and technology incubators. If you are involved in technology transfer and commercialisation or building economic development in communities through technology, AURP has valuable benefits and access to a network of professionals worldwide.
The National Business Incubation Association (US) The association is a leading organisation advancing business incubation and entrepreneurship.
Asian Association of Business Incubation (AABI)NZTE is a member of AABI, an organisation that promotes business incubation activities by facilitating information exchanges among Asian incubators, incubator clients and related organizations. Ultimately, this contributes to increased economic activity within the Asian region. Through its membership, NZTE can facilitate access for New Zealand companies to some of Asia's leading business incubators as launchpads into new markets.
Several organisations offer discounted or free services to incubator tenants:
newzealand.govt.nz - connecting you to New Zealand central & local government services
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