give every business the best fighting chance
not only to survive but to succeed in a global
market" - "It has been firmly demonstrated
that incubators dramatically reduce the failure
rate of technology driven companies"
welcomed its first company in January 1990.
Since then, 99 fledgling businesses have been
nurtured, 92 going on to establish themselves
- a success rate well in excess of the national
average. Over 500 jobs have been created by
these start up businesses and company growth
ranges between 15% and 1200%
Why Incubate? High tech start ups
are particularly vulnerable businesses, with
marketing and financial failings the main stumbling
blocks. The principals are usually immersed
in the product and processes, so there is often
a need for a supportive structure to actively
promote best business practice within the start-up.
What are the entry criteria? Firstly,
your company must be a start-up, or young, and
have less than 15 employees or so. Ideally,
there will be a leaning towards high technology,
though this is not mandatory by any means -
many disciplines are fostered within the Incubator
from laser technology to the invention and manufacture
of board games. You will either have a business/marketing
plan or we will work with you to complete this
before entering SUI.