Business incubators are institutions that support entrepreneurs in developing their businesses, especially in initial stages. These are organizations geared towards speeding up the growth and success of start-ups and early stage companies. Incubation is usually done by institutions which have experience in the business and technology world.
They are often a good path to capital from angel investors, government organizations, economic-development coalitions, venture capitalists and other investors. Most of the incubators have potential capital to invest in growth startups, or have links to potential funding sources. They provide access to compliance services from professionals such as accountants and lawyers; not to mention the invaluable mentoring and networking support available at the incubation center, through the staff and other entrepreneurs at the incubator.
The incubation centre at Asian Business School assists the budding entrepreneurs with the documentation, marketing and recruitment as well as in conducting survey on entrepreneurial opportunities, industry requirements and market potential of the region.
Functions:
- To assist entrepreneurs with documentation, marketing and recruitment.
- Survey on entrepreneurial opportunities, industry requirements and market potential of the region.
- Providing Seed funding to Start ups from students of Asian Business School.
The incubation centre of EDIC will facilitate the complete start up process for all students of ABS who are interested in starting their own venture.