What is an incubator?
Incubate space is generally defined as industrial space or office space, which are set aside in a building for various forms of enterprise or business projects. It is often designed with reduced business tax rates, lower rental fees and access to shared equipment in the incubator space provided by the building owner to facilitate the chance that start -up companies will survive and grow. Projects for beginners are the aim of government aid at both federal and local levels, as well as private and university investment capital, with the intention of growing new jobs and supporting the growth of new economic sectors.
Although the idea for the business incubation space began in 1959, which was in the middle of 1980 (SBA launched a promoter), which was promoted with American governments), which was promoted with American governments), which was promoted, with the US government). It is estimated that from OctoberAnd 2006 were more than 1,400 business incubs in North America, with most of them - 1115 - in the United States, 191 in Mexico and 120 in Canada. For comparison, North America officially had only 12 seats for the incubation space in 1980. It is estimated worldwide for more than 7,000 seats for a business incubator.
University education programs at various universities around the world have supported the growth of incubator space in the 80s and 90 years because their prototype products and services were increasingly considered useful objectives of commercialization attempts. This created a climate in North America, where 94% of start -up companies in the incubator space begin as non -profit corporations to maximize their ability to develop viable commercial processes and products before trying to create a profit structure. However, only a minority occupied a high-tech space at 39%, with 54% of start-upsUsing incubator space such as mixed use of companies and percent of minorities exclusively to 4%or 3% -oriented production.
Small businesses with less than 500 employees represent more than half of all employment in the US and this trend is generally reflected worldwide. This, associated with the reality that at least 52.7% of all small businesses fail during the first four years of operation, has focused on investment agencies to create an incubator space where new companies have an increased chance of survival. From a financial point of view, about 66% of all incubators' companies are unable to be self -sufficient for the first ten years of operation, and therefore the incubator space is considered to be long -term investments in communities development.