The Kaskaskia College Incubator Program will specifically target service based companies such as industries involved with: sales, marketing, leasing, internet based business, health care, energy savings, etc. Special consideration will be given to women owned and minority owned ventures.
Business incubation is a business support process that accelerates the successful development of start-up and fledgling companies by providing entrepreneurs with an array of targeted resources and services. These services are usually developed or orchestrated by incubator management and offered both in the business incubator and through its network of contacts. A business incubator’s main goal is to produce successful firms that will leave the program financially viable and freestanding. These incubator graduates have the potential to create jobs, revitalize neighborhoods, commercialize new technologies, and strengthen local and national economies.
Offices are intended to help entrepreneurs during both the challenging startup and also specific expansion phases of a business venture. Startup training is provided for effective planning, timeline development, forecasting and budget preparation. Advanced financial tools such as cash flow projections and gap analysis are used when assisting business expansions (yes, growth presents problems and issues too).
Critical to the definition of an incubator is the provision of management guidance, technical assistance and consulting tailored to young growing companies. Incubators usually also provide clients access to appropriate rental space and flexible leases, shared basic business services and equipment, technology support services and assistance in obtaining the financing necessary for company growth. All this assistance would be provided by the Illinois Small Business Development Center (ISBDC) at Kaskaskia College. Ideally, a company would be ready for graduation for the program in under 2 years.
Application, interview and approval for incubator rental is through the Illinois Small Business Development Center (ISBDC). Liability insurance, rent deposit, background check and an approved business plan are some of the requirements for consideration as a tenant. College Incubators come equipped with a desktop PC, plus phone, Internet and printer use. Around-the-clock access, security and business furniture are included in low monthly rates, as are all utilities.
Further information can be obtained at www.kaskaskia.edu/ISBDC
under the “Business Incubator” Tab, by contacting Steven Groner at 618-545-3260 or e-mailing firstname.lastname@example.org
. Spaces are currently available in Trenton, Centralia and Salem.