Business Incubation & Studio Space
Business Incubation is the process of supporting an entrepreneur to develop their business in a nurturing and supportive environment. Business incubation is usually but not always linked to premises, or Business Incubation Centres. Some incubation centres are open to generic businesses, whilst others may have a sector specialism.
"The goal of business incubators is to increase the chance that a start-up will
succeed and achieve growth and shorten the time and reduce the cost of
establishing and growing its business. If successful, business incubators can
help to nurture the companies that will form the true creators of a region’s
or nation’s future wealth and employment." UKBI
According to UKBNI, businesses who have been through an element of business incubation have an 87% survival rate after 5 years, compared to 44% for those who had no formal incubation.
"The goal of business incubators is to increase the chance that a start-up will
succeed and achieve growth and shorten the time and reduce the cost of
establishing and growing its business. If successful, business incubators can
help to nurture the companies that will form the true creators of a region’s
or nation’s future wealth and employment." UKBI
According to UKBNI, businesses who have been through an element of business incubation have an 87% survival rate after 5 years, compared to 44% for those who had no formal incubation.
Local Incubation Centres & Artist Studios
Evolve @ Banks Mill was set up by the University of Derby to provide
easy-in/easy-out workspace for creative industries businesses. Evolve @ Banks Mill also provides business support and development, training, one-to-one advice and exhibition opportunities for Derby University graduates and external artists.
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