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Business Incubators/Consortiums
Profit business incubators are privately funded and managed. Private incubators have been founded by venture capital companies, entrepreneurs, and corporations. They provide office space, mentoring, access to capital, and other assistance to those companies who are accepted. Their objective is to accelerate the time it takes to get a company's products or services to market, many times in less than 6 months, and often in no more than 90 days. Some private incubators require the entrepreneur to physically relocate their company to the incubator's offices, while others do not.
Private incubator fees can include a monthly service fee for telephone, computer usage, office space, and administrative services, as well as fees for professional assistance. The incubator company may also often take an ownership position in each company it hosts. |