Becoming an entrepreneur is an exciting, but demanding endeavor. Success takes more than just a desire to start a business—it requires not only dedication, but reliable access to both resources and knowledge. The TechCelerator Incubator Program at Innovation Park gives new businesses the support, guidance and tools they need to successfully launch, enter and grow their businesses.
According to the National Business Incubation Association, 4 out of 5 new businesses that start in an incubator program succeed within 5 years. Without an incubation program, 3 out of 5 new business start-ups fail within their first 5 years.
The incubator program offers a variety of services to help new business owners build a solid foundation for their businesses.
First steps include strategic planning and market research. The TechCelerator team will help business owners conduct a critical evaluation of their strengths and weaknesses, as well as advantages and potential threats in the market. This planning period is the time for companies to set goals and evaluate the ever-changing market. Market research professionals will also provide a free analysis of your industry, product, competition, market segments and potential customers.
The Incubator Program also provides assistance with accounting practices, office procedures, and human resource planning and management—processes that are critical for efficient and successful businesses in all stages.
The Incubator Program includes mentors, business support organizations and a community of like-minded and experienced professionals to help you along the path and at critical growth points for your business.
Other features include:
- Flexible office/lab space at the Technology Center Building in Innovation Park
- High Speed Internet Services
- Presentation Center
- Conference Room
- Copier/Fax Machine
- Mailing/Shipping Services
- Lunch/Cafeteria Room
For information on the business incubator, contact the Ben Franklin TechCelerator at 814-865-2040.