Business incubators accelerate the successful development of entrepreneurial companies through an array of business support resources and services. MBP’s main goal is to produce successful firms that leave the program financially viable and freestanding. Incubator graduates, commercialize technologies, create jobs and strengthen local economies.
Critical to the definition of an incubator is the provision of business assistance that comes in the form of management guidance, technical assistance, and consulting tailored to young, growing companies. Incubators may also involve facilities and facility-based services that provide clients with appropriate rental space and flexible leases, shared business services and equipment, technology support services, and assistance in obtaining financing necessary for company growth. Business assistance and facility-based services.