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Frequently Asked Questions

Some basic questions and answers you might find helpfull

What is Incubation?

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.A business incubator’s main goal is to produce successful companies 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. 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. Incubators vary in the way they deliver their services, in their organizational structure and in the types of clients they serve. Highly adaptable, incubators have differing goals. Incubator clients are at the forefront of developing new and innovative technologies – creating products and services that improve the quality of our lives in communities around the world. Source : www.nbia.org.

What are the entry requirements to be part of the programme?

How do I apply to be part of the NCI programme?

What kind of incubatee is the programme looking for?

Is the directory open to contractors who are not part of the programme?

Where is the directory distributed and to who?

Does the Construction Incubator Programme offer financial assistance?

Where and how can I get a copy of the directory?

Does NCI have a National Presence