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Frequently Asked Questions
What are Business incubators exactly?
Business incubators act as a lodging contexture for new companies to encourage them dynamically enter the business market . Business incubators welcome mostly new innovative enterprises, which are being offered infrastructure and services, not only in the beginning to help them survive, but until they become competitive entrepreneurial units. When incubatees “mature”, they abandon the “protective environment” of the incubator, as they are ready to act independently.
What do Business incubators offer ?
Business incubators offer :
- Offices in low prices.
- Common services , such as clerical support , office equipment (fax, photocopy lab, canteen, meeting and seminar rooms, building security etc.).
- Collaboration among the incubatees.
- Funding of the incubatees' functional expenses.
- Consulting, legal or accounting services.
Which are the factors that are taken under consideration in order a company to “abandon” the incubator?
An affiliated to the incubator's working environment firm, is believed to leave the incubator, when factors like:
- Steadily rising revenue
- Steadily rising pre-tax profits ,
- Constantly increasing and preservable clientele
prove its successful course in the business world as financially sound and independent company and after the completion of the predefined in the contract time period ( 3 years is the minimum limit defined by the Elefto programme ). A course like the above mentioned clearly indicates a "Success story" for the incubator.
Which companies can be affiliated to the incubator?
Any company relatively ‘young' – up to three years of business activities – focused on materializing innovative ideas using mainly new technologies, a factor that enables their entrance in niche markets . " Grown up " companies can be affiliated with i 4 G as long they looking for the development and promotion of a new products or services .
Is it considered a chance or a threat the coexistence under the same roof of companies with similar activities?
Experience acquired during the last two years of successful operation only clearly indicates positive acceptance for the fact of coexistence of incubated firms . Coexistence creates an environment of noble competition , of sharing good practises and cooperation.
What is the degree of difficulty for a company to be affiliated with i4G?
Know-how and experience acquired continuously improve the affiliation process. Steps to be followed after the initial contact are:
- Business plan by the interested party under the guidance and support of i4G staff,
- Concluding meeting of the Scientific Committee evaluating the fulfilment of the affiliating criteria,
- Informing the interested party for the decision issued,
- Request for Settlement in i 4 G
All issues concerning office space configuration, network configuration, contract agreement can be solved consequently .
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