innerpage top banner-toni
Search
Search

Why Business Incubators?

Why Business Incubators?
By: null
by: Eman AlAbdulghani

 

Creativity needs space. Entrepreneurs are artists at heart and as artists they need the ideal space to create. Incubators are one of the best communities for creativity and connections. It becomes a part of participants’ daily activities so whether you are starting a business or growing one, joining an incubator is a good decision to make.

Entrepreneurs will come up with great ideas and make connections in a community. Both of these things improve the chances of success as they will be introduced to peers, potential mentors and possible investors.

Many new business owners also turn to incubators as an opportunity to learn the ins and outs of forming and growing a start-up or even to cover the lacking knowledge and experience they need.

So many entrepreneurs still spend days surrounded by noise. Incubators force them to spend time reflecting which means making an effort to find quite time each day that will helps them to think and act creatively.

In fact, a 2010 study by National Business Incubation Association (NBIA), found the survival rate for incubated companies after five years is 87 percent, compared with 44 percent for companies that didn’t launch from incubators.

Incubators provide an environment where opportunities exist for beneficial exchanges of ideas and concepts.

 

< Back