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Business Incubation in Canada | |
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| | This research provides a literature review on business incubation, its development cycle, classification and typology and the services the business incubators offer. It also provides brief profiles of business incubators operating in Alberta and other provinces of Canada.
Business incubation has grown over the last thirty years and thousands of facilities are now located across the globe. The concept of business incubation is not new but the definition and terminology varies across countries, depending on the objectives and conditions.
Business incubators provide space, services, advice and support to assist new and growing businesses to become established and profitable. Business incubators nurture the development of entrepreneurial companies and help them survive and grow during the start-up period. They provide their client companies with business support services and resources.
A business incubator’s main goal is to produce successful firms that will leave the program financially viable and freestanding. The other goals of incubation programs are creating jobs, retaining businesses in a community, building or accelerating growth in a local industry and diversifying local economies. Business incubators have the ability to bring creativity, resources, entrepreneurship and workforce together, and thus cause the economy in the surrounding area to flourish.
The earliest incubation programs focused on technology companies and service firms. However, in more recent years, they are targeting industries such as food processing, arts and crafts, micro-enterprise creation, telecommunications and software development.
Rural communities in Alberta aspiring to develop incubation and business retention programs can use this document as a source of information on business incubators located in Alberta and other provinces of Canada.
Click here to read the full report. |
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For more information about the content of this document, contact Humaira Irshad.
This document is maintained by Amrit Matharu.
This information published to the web on July 7, 2014.
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