Business Incubators.pptx

Grow during the start up period when they are most

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grow during the start-up period when they are most vulnerable …also offer entrepreneurial firms shared office services, access to equipment, flexible leases and expandable space – all under one roof. “ - NBIA
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+ Business Incubator Subotica (BIS) Established in 2006 Tool for economic development within Vojvodina Provides: Consulting Equipment Training & Education Physical space at reduced cost
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+ Shareholders of BIS City of Subotica; 60% Regional Centre for SME development; 10% Technical College Subotic; 10% ATB SEVER; 10% Vojvodina Investment Promotion Fund; 10% Shareholders
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+ The role of Incubators to Stakeholders Residents of the Incubator Improve skills Government Generate new jobs Research Institutions and universities Promote research The business community Manage supply chain, introduce new innovations The local community Re-develop culture to entrepreneurship The international community Trade and technology transfer between incubator hosts
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+ Why Incubators? Small businesses and start-ups have effects pervading the whole local economy Provides money directly to the community via jobs Improve economic stability Increase economic growth Contributions and effects go straight to the community (Muske & Woods, 2004) Allows protection for new businesses during the most vulnerable phase
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+ Results?
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