Everyone of us has a dream to become an entrepreneur.At some point of time , we comes up with a brilliant idea.But, we do not know how to turn it into a successful company as we don't have proper business knowledge and experience.In some cases, we don't have a team nor funds.Also, we don't have connections.Then, what should we do?
It is advisable in such cases to join a Business Incubator programme or Technology Park.So, what are these now?
According to Wikipedia
"Business incubators are programs designed to accelerate the successful development of entrepreneurial companies through an array of business support resources and services, developed and orchestrated by incubator management and offered both in the incubator and through its network of contacts. Incubators vary in the way they deliver their services, in their organizational structure, and in the types of clients they serve. Successful completion of a business incubation program increases the likelihood that a start-up company will stay in business for the long term"
"Research and technology parks, on the other hand, tend to be large-scale projects that house everything from corporate, government or university labs to very small companies. Most research and technology parks do not offer business assistance services, which are the hallmark of a business incubation program. However, many research and technology parks house incubation programs."
I think the above definition is sufficient for one to understand.Its simple. Once you join a Business Incubator programme , you can avail different facilities and services. Some of the services and facilities provided by the Incubators can be
On the other hand, Technology and Research Parks may not provide business facilities viz. networking, marketing,financing support.
But these facilities and services may vary from one Incubator or Technology Park to another.
Check out this video.Its about a TREC-STEP Incubator and Life Science Incubator at ICICI Knowledge Park .You will know the basic idea of Incubators and Technology Parks.
Some of the Business Incubators and Technology Parks in India provided by nenonline.org
It is advisable in such cases to join a Business Incubator programme or Technology Park.So, what are these now?
According to Wikipedia
"Business incubators are programs designed to accelerate the successful development of entrepreneurial companies through an array of business support resources and services, developed and orchestrated by incubator management and offered both in the incubator and through its network of contacts. Incubators vary in the way they deliver their services, in their organizational structure, and in the types of clients they serve. Successful completion of a business incubation program increases the likelihood that a start-up company will stay in business for the long term"
"Research and technology parks, on the other hand, tend to be large-scale projects that house everything from corporate, government or university labs to very small companies. Most research and technology parks do not offer business assistance services, which are the hallmark of a business incubation program. However, many research and technology parks house incubation programs."
I think the above definition is sufficient for one to understand.Its simple. Once you join a Business Incubator programme , you can avail different facilities and services. Some of the services and facilities provided by the Incubators can be
| Help with business basics |
| Networking activities |
| Marketing assistance |
| High-speed Internet access |
| Help with accounting/financial management |
| Access to bank loans, loan funds and guarantee programs |
| Help with presentation skills |
| Links to higher education resources |
| Links to strategic partners |
| Access to angel investors or venture capital |
| Comprehensive business training programs |
| Advisory boards and mentors |
| Management team identification |
| Help with business etiquette |
| Technology commercialization assistance |
But these facilities and services may vary from one Incubator or Technology Park to another.
Check out this video.Its about a TREC-STEP Incubator and Life Science Incubator at ICICI Knowledge Park .You will know the basic idea of Incubators and Technology Parks.
Some of the Business Incubators and Technology Parks in India provided by nenonline.org
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