Business Incubation Program
The Business Incubation program brings together a formal education and mentoring process with access to capital resources for startup companies to facilitate accelerated growth
Research from the Kauffman Foundation and the Institute for Competitiveness & Prosperity shows a surprising truth – over the past twenty five years, almost all private sector jobs have been created by businesses less than five years old.
Station 2 Innovation offers Business Incubation services with the aim of building sustainability in early stage companies. Helping companies grow creates jobs, provides quality places of employment for our university graduates, attracts investment capital and increases our area’s overall competiveness. Business incubation programs dramatically increase business success rates and the choice to stay within their community as a company grows and matures.
Factors considered for program acceptance are a company’s ability to fund its operations, revenue model, growth potential, strength of its team, and willingness to participate in the programs and community culture. Business incubation is typically 1-3 years in duration, depending on the industry segment and has an associated program cost (fees start at $400/month). Growth potential is more important than industry sector. Potential client companies go through an application process and preliminary evaluation for program suitability.
Incubation services, programming and business development are provided by Spark Growth with support from a variety of expert partners.