Generally Business Incubators will provide financial support, office space, managerial advice, administrative support and introductions to a range of specialised service providers such as accountants, lawyers and marketing experts.
As a tenant of a Business Incubator, you have access to these services, often for a small fee (or for free) as a part of their service to help support your business growth.
A good example of this is an initiative by the Australian Government called the Small Business Incubator Program (SBIP). This Program provides funding to organisations to help meet the infrastructure and set-up costs of new small business incubators. Smaller amounts are also provided for feasibility studies and to existing incubators for enhancements.
Small business incubators assist start-up and developing new businesses by providing shared premises and business services, as well as intensive business advice and support. Fledgling businesses are provided with a supportive environment in which to grow their business, before graduating into the wider business community.
Incubators can be an excellent opportunity for small home-based business to become full commercial enterprises without substantial set up costs and long term leases.
There is another government funded initiative called the Building Entrepreneurship in Small Business Program (BESB). This program is basically a competitive grants program made up of two elements:
** Further information on business incubators and other Australian Government funded initiatives can be obtained from your local Council Offices or Business Association.
Anyhoodles previously was a tenant at the Brunswick Business Incubator, located on Victoria St, Brunswick to deliver our Web Courses, and for client meetings.
They offer permanent office spaces, virtual offices (8hrs per month) as well as providing many networking and mentoring opportunities, many of them with government funding.
You can check out their website, or arrange for a tour of the premises by calling (03) 9940 1444.