Today, business incubators are gaining more and more popularity. All over the world, such organizations help and support aspiring entrepreneurs in every possible way. If your undertakings are promising, but you need financial and consulting assistance - feel free to declare yourself.
A business incubator is an organization that provides support to aspiring entrepreneurs and promotes the comprehensive development of projects. The main goal is to help businesses grow stronger.
Currently, there are more than 300 such organizations in the bitcoin data Russian Federation alone, and their number is growing every year. Good business incubators not only sponsor the project, but:
- provide office space for a minimal fee;
- I provide legal and business consultations;
- provide connections (relevant for the CIS countries);
- finance educational events and master classes from world-renowned experts and mentors;
- assist in raising funds for the project through grants, competitions and tenders;
- facilitate attendance at industry events, participation in exhibitions and conferences.
But you need to understand that you need to pay for help in development. Commercial business incubators, unlike state ones, will provide the highest quality services for “growing” your company, but will have certain views on your business. The terms of cooperation may involve the transfer of a share in the business, and if we are talking about developing a new technology, the incubator can apply for a patent (in whole or in part).
Often, startups in the CIS countries are cut off from the global startup industry because the founders are less experienced and less prepared. In practice, the further a project is from the Valley, the lower it is valued and the more startups have to lose.
Make your presence known in business incubators
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