If so, you might want to look for an incubator. Just as the ones for eggs help bring chicks into the world, business incubators help brand new companies survive and grow during the start-up period (when these companies are most vulnerable).
Incubation programs come in many shapes and sizes, says the National Business Incubation Association (NBIA). Typically, they provide education, training, resources and shared work space. Almost all North American incubators are non-profits, with more than half sponsored by academic institutions or economic development organizations.
While most incubators are either “mixed use” or technology oriented, a few focus on niche markets. As this AARP article reports, Josie Lamonaco, 58, launched her Sicilian cookie business with the help of The Starting Block, a kitchen incubator in Hart, Michigan for nascent food businesses.
If you’re interested in joining an incubation program, expect to submit a business plan. Also, be aware that most tenants are expected to “graduate” in three to five years. NBIA’s website has many resources, including this search tool you can use to locate…
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