In The Beginning Incubator

New businesses have unique challenges and needs in their early stages of growth. Business incubators help new businesses and startups work through these challenges in an innovative program that promotes business development, learning, and cost savings. Entrepreneurs may benefit from participating in the mentorship, training, and motivation provided by these programs.

ITB business incubator is a specialized program designed as a space for new businesses to learn and grow. The programs provide services for entrepreneurs and startups while offering reduced rates for supplies and workspace. Typically, young businesses must apply for a position and commit to a certain amount of time in the program. 

 While in a business incubator, companies can more thoroughly plan their business, learn from other professionals and save money. Business incubator programs may offer the following services:

• Providing guidance for business foundations
• Networking opportunities
• Assisting with marketing
• Conducting market research
• Providing utilities and operational services, like internet and phones
• Helping with business finances
• Accessing loans and other funding sources, such as angel investors and venture capital
• Connecting businesses to other strategic partners
• Mentoring
• Creating business training programs
• Helping with staffing
• Explaining best practices and professional etiquette
• Providing support for regulatory compliance
• Provide reduced office space
• Provide shared Receptionist
• Provide low-cost conference space

Business development firm who provides business incubators for a variety of industries and can use these programs to source partnerships and technology.