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WHAT IS INCUBATION?
According to the National Business Incubation Association, business incubation is a dynamic process of business enterprise development. An incubator is an organization that is set up to help foster business enterprise development. Incubators help young firms get started and survive at times when they are most vulnerable.
The primary goal of a business incubator is to produce successful businesses that graduate into the region. They offer shared services, access to equipment, flexible leases, and expandable space. Many incubators are located near other services that are valuable to an incubating business. For example, the SIU Incubator Program has the Office of Economic and Regional Development, the Illinois Small Business Development, and the Illinois Manufacturing Extension Center housed in the Dunn-Richmond Economic Development Center.
Student Resources: Saluki Entrepreneur Corps