Business Incubation Center
A Business Incubation Center (BIC) is a facility or program that provides support and resources to help new or early-stage businesses grow and succeed. BICs typically offer a range of services, such as mentoring, training, networking opportunities, access to funding and capital, office space, and other infrastructure support.
The primary goal of a BIC is to nurture and develop new business ventures and help them become financially viable and self-sustaining. BICs are often sponsored by universities, government agencies, or private organizations and are designed to foster entrepreneurship and innovation.
In addition to providing resources and support, BICs also offer a collaborative environment where entrepreneurs can share ideas, knowledge, and experiences with other like-minded individuals. This collaboration can help new businesses overcome common challenges, accelerate their growth, and increase their chances of success.