What’s an incubator?
An incubator is an entity that aims to support entrepreneurs so that they can develop innovative ideas and transform them into successful enterprises, orienting them on administrative, commercial, financial and legal aspects, among other issues essential to the development of a company. To this end, it provides technical and managerial support, advisory, mentoring and consulting to the entrepreneur and facilitates the process of innovation and access to new technologies in small businesses.
There are several types of incubators: those of technological base (they house projects that use technologies); the traditional ones (they support companies of traditional sectors of the economy); the mixed (accept both technology-based and traditional sectors) and the social ones (which target cooperatives and popular associations).
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What benefits do incubators offer to entrepreneurs?
In addition to favorable conditions of infrastructure and entrepreneurs’ training, companies – for being in a space where there are several innovative ventures of the same size – count on innumerable connections that favor business growth and market access.
Entrepreneurs also have opportunities to access universities and institutions of research and development, with which many incubators maintain a link. This helps reduce costs and risks of the innovation process by allowing access to laboratories and equipment that would require high investment.
See: ITCG Benefits
How can a company enter an incubator?
To enter an incubator, the company needs to go through a selection process. The selection rules vary according to each incubator, but the most important requisite is innovation. There are also incubators that have continuous flow for the entry of new incubates.
See: How to incubate?
What is an incubated company?
It’s an enterprise that is going through the incubation process, which means it is receiving support from an incubator for its development. The company can be Resident incubated (it occupies a space inside the incubator’s building) or Virtual incubated (has its own headquarters, but receives support related to the incubation program).
The average incubation time of a company is 2 (two) years. This time, however, varies according to the characteristics of the enterprise. The most important is to be prepared for the market. During the incubation process, the incubators carry out periodic follow-ups to evaluate the level of development of the companies.
What is a graduate company?
It’s a company that has gone through the incubation process, which means it has received support from an incubator and already has sufficient skills to develop on its own. The company, after graduating, can continue to be associated with the incubator, but can no longer reside in the physical space of the institution.
What is a Technological Park?
A technological park is an industrial and services complex with scientific-technological base, planned, formal, concentrated and cooperative, that aggregates companies based on technological research developed in Research & Development centers linked to the Park. An enterprise that promotes the culture of innovation, competitiveness, the increase of training in business based on the transfer of knowledge and technology, with the aim of increasing the wealth production of a place.
See: Fundação Parque Tecnológico da Paraíba
What are the benefits offered by Technological Parks?
Technological parks benefit the enterprises located in them – beyond the region and the economy as a whole – by creating an environment of cooperation between innovative companies and institutions of Science and Technology. The parks offer services of high added value to companies, ease the flow of knowledge and technology, enable the generation of qualified jobs and the increase of culture and entrepreneurial activity. In addition, they favor the development of innovation clusters and the competitiveness of the area they are located.