Incubation Leads to Opportunity

Similar to accelerator programs, startup incubators target early-stage organizations, but with a different approach. Incubators offer similar benefits as accelerators such as business operations support, networking opportunities, and an exciting and cost efficient work environment, but without a rigorous and selective program experience.While the environment may be less structured than an accelerator program, by no means is it less helpful to the business building process. Startups benefit from time in an incubator organization by working alongside other startups in a collaborative environment, and are positioned for opportunities otherwise unavailable to an infant startup.
Many startups face challenges in their early stages because they can't openly discuss problems and solutions with others that are in similar circumstances. Incubators bring like-minded individuals together with successful entrepreneurs who can offer guidance, industry insights, and real solutions to the growing pains every startup endures.Startups generally are in their infant stages when entering an incubator program and benefit by utilizing the space to host meetings, networking with other startups, and relying on other resources made available to lessen the burden of growing their business.

Lastly, incubators offer startups an opportunity introduce themselves and their ideas to the program operators, who typically also maintain an accelerator program. Since accelerators are much more selective with their candidates, a startup that began in the incubator should have a greater chance of moving into the accelerator program. By taking this development process gradually, entrepreneurs maintain control over their vision and are able to identify the most compatible program for their needs.

If your startup could benefit, or you would like to join our network contact us!