How to create a business incubator

To create a business incubator, you need to understand how and by whom its activities will be financed. In addition, it is necessary to comply with a number of technical and organizational requirements and resolve related legal issues.

Instruction manual

1

Decide on what base you are going to open a business incubator. As a rule, such organizations are created either at universities, or at large enterprises, or as municipal budgetary institutions. You can try the option of an autonomous non-profit organization, but here the question will sharply arise about where to get money for its activities.

2

Find the rooms where the business incubator will be located. Equip them with all the necessary furniture and office equipment, make sure that they have an Internet connection and telephone connection.

3

Fill out the necessary legal documents. Here everything depends entirely on what basis you decide to create a business incubator. In a university or enterprise, this is likely to be the formation of not a separate organization, but another unit or department. To open a municipal budget institution, you will have to register a legal entity.

4

Work hard so that your target audience finds out how and why they can turn to a business incubator. Organize a grand opening, invite the media to it, create a website or blog, communities and social media accounts. Submit applications for posting information about the business incubator in address and other directories.

5

Make a list of experts who are willing to work with a business incubator. These can be current entrepreneurs, economists, lawyers, politicians. Determine the form in which experts will work with future and novice entrepreneurs: seminars, trainings, individual consultations. The business incubator, or rather, the institution or authority that finances its activities, pays for the activities of experts. For visitors to the business incubator, all educational services should be free.

6

After all formal issues have been resolved, search for business projects that can be placed on incubation. Develop common criteria for selecting projects, documentation, the procedure for submitting and reviewing applications, create an expert commission. Hold a competition of business projects.

7

Keep your target audience informed of events held in the business incubator. Conduct a survey of visitors, record their contact details - phone numbers and email addresses. Gradually, you can add e-mail newsletter to posting information on the blog and social networks.