You should consider joining an incubator if:
- You have an idea on which research or development is required before it can be commercialised.
- You are starting your first business venture. More than 80% of incubators' companies are profitable within two years and are still doing business by the end of five years. This number is in direct contrast with the
non-incubator businesses, in which the success rate is under 15% - every year, more than 400,000 entrepreneurs start new businesses in the US and 350,000 of those new businesses close their doors before year's end.
- If "time to market" is critical in your business. Incubators "quick start" businesses and have them grow at a rate that is 7 to 22 times faster than businesses started otherwise. Incubators do
this by providing advisory support of business experts, consultants , advisors, procedures, methodologies, state-of-the-art technologies and total resources that businesses are likely to use in the growth
process.
- If you are a technical person with limited exposure to the commercial side of business.
- If you need mentoring to grow your business.
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