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Who may apply and what are
conditions?
Any entrepreneur may apply for entering an incubator program on condition that his business project is viable or his business has great potential. An necessary condition is that
applicant must have a business plan containing relevant information.
There are also specific conditions and requirements for admission into such programs that vary from case to case, usually referring to
business industry, business location,
for-profit/non-profit strategy of businesses or financing means.
Programs usually last up to three years.
Advantages and disadvantages of resorting to a business incubator
On one hand, business incubators provide:
- financing, without requiring
- customized professional assistance
- entrepreneurial training
- economical access to facilities
- inexpensive business services
- opportunities for entrepreneurs to connect with people who can promote business growth and profits
- a forum for exchange of ideas among entrepreneurs
On
other hand, there may be some inconveniences too with business incubators. For instance, with incubators that have
goal of gaining a profit,
necessary agreement to be reached upon can be most of
times a very cumbersome one for most firms.
Also, with non-profit incubators sponsored by governments there is
tendency to favor high tech startups that plan for rapid growth (as thus they will create more jobs) rather than more traditional businesses.
However, business incubators may be a very helpful opportunity to start your business; they can constitute a real boost for a beginner business.

Laura Ciocan writes for http://www.businessplanning.ws where you can find more information about what is a business plan
Please feel free to use this article in your Newsletter or on your website. If you use this article, please include the resource box and send a brief message to let me know where it appeared. Contact:lauracio@gmail.com