Q: What exactly is a “business or manufacturing incubator”?
A: Business incubators nurture the development of entrepreneurial companies, helping them survive and grow during the start-up period, when they are most vulnerable. These programs provide their client companies with business support services and resources tailored to young firms. The most common goals of incubation programs are creating jobs in a community, enhancing a community’s entrepreneurial climate, retaining businesses in a community, building or accelerating growth in a local industry, and diversifying local economies.
Q: What is the process for qualifying to grow our business at IncubatorWorks?
A: Because IncubatorWorks is more than office space, we’re looking for tenants who are entrepreneurial, growing firms with an emphasis on innovation around technology. Companies who would both benefit from and contribute to a community sense of collaboration would be a good fit for the Incubator. Simply click here and submit the short form telling us about your company. We will then contact you to arrange a meeting.
Q: How can IncubatorWorks help start-ups or existing manufacturing companies get funding?
A: We can help client companies secure capital in a number of ways: Connecting companies with individual investors, working with companies to perfect venture capital presentations and connecting them to venture capitalists. We can also assist companies in applying for loans. In addition, we can provide linkages to grant funding for small business and research.
Q: Does IncubatorWorks compete unfairly with local landlords?
A: No. Business incubators actually contribute to the long-term viability of the local real estate market. Incubation programs graduate strong and self-supporting companies into their communities, where these companies build, purchase or rent space. Because incubated companies are more likely to succeed than nonincubated firms, landlords of incubator graduates face far less risk than they otherwise would. Also, while they’re in the start-up phase, incubator client companies can obtain flexible space and leases that are more appropriate to their stage of growth than they could on the commercial market.
Q: Are only NY based companies eligible to apply for space at Incubatorworks?
A: No, companies from any state are eligible if they meet our eligibility criteria.
Q: How can I take a closer look at IncubatorWorks?
A: We’d enjoy showing you around the facility and introducing you to some of the remarkable people who make the project a community. Just give us a call at (607) 962-6387.