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Business incubators

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'Business incubation' facilities worldwide offer a broad range of services to small start-up companies. Access to office and manufacturing space, meeting rooms, administrative help, and business equipment can defer the need for heavy investment when a company is getting on its feet or being run from a kitchen table.

Business incubators can accelerate the development of entrepreneurial companies. They provide hands-on assistance and a variety of business and technical support services for start-up and fledgling firms during their early, most vulnerable years.

Although a relatively underutilized service, incubators can provide valuable referrals. They can often arrange for high-tech companies to have the use of laboratory and testing equipment at universities and private corporations. Indeed, some incubators, such as the Advanced Technology Centre at the university research park in Edmonton, are designed specifically to assist high-tech start-ups.

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