Essay:

Essay details:

  • Subject area(s): Marketing
  • Price: Free download
  • Published on: 14th September 2019
  • File format: Text
  • Number of pages: 2

Text preview of this essay:

This page is a preview - download the full version of this essay above.

Business Incubators are programs designed to support the development and success of startups by providing them with a range of support resources and services designed and managed by the incubator's management, either provided by the incubator to emerging companies directly or through a network of relationships. Business incubators differ from each other in the way they provide start-ups with services, organizational structure, and the quality of the clients they serve.

In previous studies, 87% of startups that benefited from incubator support were successful and continued in the market. [1] In contrast, the success rate of start-up companies that did not receive support from incubators was about 44%

Services provided by business incubators

The most common business incubator services  

   Business Principles Assistance

   Communication activities and building relationships in the market

   Marketing Assistance

   Accounting and financial management assistance

   Facilitate borrowing from banks

   Communicate with strategic allies in the market

   Communicate with investors and venture capital investors

   Comprehensive business training programs

   Provide advisory staff and supervisory staff

   Identify the project management team

   Definition of work ethics

   How to collect money from technology

   Help comply with laws

   Management of Intellectual Property

Types of industries supported by business incubators

Technology

Computer Programs

Services

Manufacturing

Internet

Biological Sciences

Electronics

wired and wireless communication

Hardware of computers

Medical equipment

Creative Industries

E-Commerce

Wireless communication technologies

Healthcare Technology

Defending security

energy

Environment and environment-friendly technology

media

Nano technology

Construction

Food

Aviation

Retail

Fashion

tourism

It is well known that more than half of these incubators work in several areas at one time, that is, the incubator companies that embrace them work in different sectors and activities, and the proportion of incubators technology amounted to 39% of the proportion of incubators as in general

Business Incubators include incubators of specialized industries and incubators of modern technology. However, the main objective of incubators is to trade in the market in order to gain profits for businesses, whether they are doing business or industry, or inventing technology. Commercial incubators usually tend to incubate

Incubator specialties can be divided into four main types:

1-Incubators

Where the incubator is part of an integrated project that includes educational or research institutions and includes a range of other interests that aim at achieving the development of the region

2-Local incubators:

These incubators aim to exploit certain local resources to develop new business projects in a specific sector, thus incubating the nucleus of local growth

3-General Incubators:

These incubators serve many businesses without specific specialization but may focus on innovation in the private business sector. Public incubators may be established with this goal or may be created to serve a specific sector and then become a general incubator.

4- Development Incubators:

These incubators aim at establishing business projects and development companies by establishing appropriate management teams that will be able to exploit and develop specific business opportunities, as well as by selecting the best in development and providing them with the necessary skills and guidance.

In general, commercial incubators are an important tool to support and grow small businesses and modest businesses, especially those based on individual initiatives, by working on the development and marketing of their products.These projects usually have high growth rates , Incubators give them greater opportunities for success in the face of increased competition.So the last 10 years have seen a rapid increase in the number

Incubators have multiplied ten times to reach today more than 2000 incubators worldwide, including 150 incubators in developing countries

The idea of incubators at first seems like a simple idea, but the reality is that it is a work that carries great challenges. Its work requires effective mechanisms that provide employment opportunities and lead to economic development for societies with strong facilities that achieve a lot of ambitions,New products that penetrate the market, and bring their owners profitable profitsThe main role of incubators revolves around small business enterprises, as these small enterprises are inherently more changeable and more receptive to new ideas and thus can develop faster and more efficiently than large enterprises

The main role of incubators revolves around microenterprises as these small enterprises are inherently more changeable and more receptive to new ideas, and can therefore evolve faster and more efficiently than major enterprises where decisions are difficult to make in a timely manner that avoids risk.Engage in unsafe business adventures results.

Economic development research has shown that the success of small businesses depends on the extent of the hard help and intensive support they receive at the outset, so as to overcome the difficulties of the initial stages of its establishment; research has also revealed that incubatorsIs one of the most effective, if not the most effective, means of providing such support in an inexpensive manner, whether in large cities, urban communities or rural areas

Economists believe that the most important feature of incubators is the unique services they offer to select groups of small enterprises that often have great potential for survival and rapid growth.Incubators help small enterprises overcome problems that may lead to their failure or inability to make progress. Problems Lack of experience in business management, scarcity of technical skills available to small businesses, and lack of funding.

In fact, incubators can be implemented at different levels and in many ways :

1- Technical Gardens attached to universities.

2- Innovation centers that aim to support emerging businesses to strengthen their chances of survival

3- Charities or profit organizations that make their contribution to social and economic development with different motives.

Incubators include different types of incubators:

1- Institutional incubators that have an eye headquarters surrounded by walls and operate in specific areas

2- Incubation programs that do not necessarily have a fixed location and no activity limit.

In fact, the main features of incubator businesses are their ability to innovate, availability of growth, quality control, management flexibility rather than advanced technology, and what they typically use or develop advanced technology.These projects may also include projects involving new innovations within existing industries

https://www.kau.edu.sa/Files/862/Files/147636_%D8%A7%D9%84%D8%A7%D8%B5%D8%AF%D8%A7%D8%B1%203%20%D8%AD%D8%A7%D8%B6%D9%86%D8%A7%D8%AA%20%D8%A7%D9%84%D8%A7%D8%B9%D9%85%D8%A7%D9%84.pdf

...(download the rest of the essay above)

About this essay:

This essay was submitted to us by a student in order to help you with your studies.

If you use part of this page in your own work, you need to provide a citation, as follows:

Essay Sauce, . Available from:< https://www.essaysauce.com/essays/marketing/2018-5-12-1526127944.php > [Accessed 16.10.19].