Entrepreneurial success rates escalate from 20% within the first 5 years of business to 80% with assistance from incubators.  Join us in shaping business success!

SMALL BUSINESS INCUBATORS

One of the more popular techniques to help entrepreneurs and start-up business firms survive their early years and grow and prosper in the community is the small business incubator. The small business incubator is a physical facility, which provides various sizes of offices or office suite, warehousing and manufacturing space, common loading docks, shared board/meeting space, kitchen facilities and a common reception area. The incubator provides a receptionist to greet visitors and to assist tenants in using a shared copier, fax, and audio-visual equipment and often times computers. The incubator manager assists tenants in preparing business plans, securing financing, business counseling and management advising. Tenants are expected to graduate from the incubator within a reasonable time frame to allow others to use the service. The incubator recoups costs by charging reasonable lease rates and fees and charges for the use of specialized services and equipment. Use our convenient locator map to find an incubator near you. Why should a new business want to locate in a business incubator? Most new businesses have a strength in a specific area and a great deal of passion. What they generally lack is experience in the basics of running a business and the infrastructure -the fax machines and telephone systems - to make things work. Virginia’s business incubators give these bold new companies structure, credibility, access to knowledge, infrastructure, and contacts that are necessary for the businesses to take root. MAP

Why should I support Business Incubators?

Simply stated, they work. According to national statistics, 30% of incubator clients typically graduate each year. According to the Impact of Incubator Investments Study, 1997, 87% of incubator graduates remain in business. Less than one in four businesses that start outside of an incubator survive for five years.

Why should a new business want to locate in a Business Incubator?

Most new businesses have a strength in a specific area and a great deal of passion. What they generally lack is experience in the basics of running a business and the infrastructure -the fax machines and telephone systems - to make things work. Virginia’s business incubators give these bold new companies structure, credibility, access to knowledge, infrastructure, and contacts that are necessary for the businesses to take root.

1. Hampton Roads Technology Incubator System
   www.hrtis.org  
   James City County Technology Incubator
    
2. Incubator America
   www.incubatoramerica.com
    
3. Dan River Business Development Center
   www.drbdc.com

    

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4. Nottoway County Small Business Incubator @ Pickett Park
    
5. The New Century Venture Center
   http://www.ncvc.com

    

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6. Pioneer Center for Business Opportunity
   www.pcbo.org Norton Facility
    
7. Lynchburg Business Development Center
   www.lbdc.com

    

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8. Hampton University Business Incubator
   www.hamptonu.edu
    
9. NewBiz Virginia
   www.newbizva.org

    

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10. AdvanTech Incubator
    www.advantechva.org
     
11. New River Valley Competitiveness Center
    www.nrvdc.org/nrvcc.html

     

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12. Franklin Business Incubator
    www.franklinsouthamptonva.com
     
13. Richlands Business Incubator
    www.rbi.tazewellcounty.org/

     

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14. West Point Downtown Business Center
    nbarber@west-point.va.us
     
15. 15. Virginia Biosciences Development Center
    www.vabiotech.com/bioincubator

     

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16. The Highland Center
    www.thehighlandcenter.org
     
17. The Jacksonville Center
    www.jacksonvillecenter.org

     

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18. West Piedmont Business Development Center
    www.wpbdc.org
     
19. BizWorks Enterprise Center
    www.bizworkscenter.org

     

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20. Empowerment 2010, Inc. Small Business Incubator and Resource Center
    www.empowerment2010.org
     
21. VT KnowledgeWorks @ Virginia Tech Corporate Research Center
    www.vtknowledgeworks.com

     

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22. MBL Small Business Incubator
    www.thembl.org

     

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23. Virginia Highlands Small Business Incubator
    www.vhsbi.com

     

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24. Mason Enterprise Center @ Prince William,
    GMU www.masonenterprisecenter.org
    Fairfax Innovation Center
    www.fairfaxinnovationcenter.org
    International Accelerator
    www.masonenterprisecenter.org/intl
    Community Business Partnership
    www.cbponline.org

     

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25. INC.Spire
    www.restonchamber.com
     
26. Spinner Technologies, Inc.
    www.spinnertech.com

     

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27. The Southwest Regional Enterprise Center at Crossroads Institute
    www.crossroadsva.org
     
28. Korea Business Development Center
    www.sbc-kbdc.com
     
29. Virginia Technology Incubator
    www.vti-ltd.com

     

30. Charlottesville Technology Incubator
    www.cvilletechincubator.org

     

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