We use cookies to improve your experience on this site. By viewing our pages, you give us consent to use cookies. Find out more.

Do Business Incubators Actually Help Businesses?

Posted 3 months ago

Do Business Incubators Actually Help Businesses?
Share this article:

Incubators are attractive for first-time founders because you can learn from experienced executives, test your business model and gain industry credibility from the program's prestige.

Most programs see founders relocate to the incubator’s office space, where you work alongside other start-ups for the duration, or until you have the resources and capabilities to grow alone.

But do business founders feel that incubators have helped their business thrive? We explore compelling survey data in which owners discuss how the use of business incubators have had on their enterprise.

The total startup sample consisted of 441 enterprises (343 had been through an accelerator, 66 an incubator, 23 another support type with elements of an accelerator or incubator).

Most start-ups surveyed consider the contribution of incubators and accelerators they participated in to be significant or even vital to their success.

Of the start-ups surveyed 43% report that the accelerator or incubator they participated in was significant to their success and 23% say that it was vital; only 9% of startups find no contribution or a negative impact of their programme on the success of their business.

 

CEO of NexFin, Sacha Bright, said: “an accelerator programme is essential learning for both an experienced entrepreneur and even more vital for someone who has never owned a business.

“Not only are you around like-minded entrepreneurs and mentors who you can feed off but it's also good to have a structure and go back to basics. As you can see from the survey, 6 out of 10 new business owners found benefits from attending an accelerator programme."

 


Advertised Equity Crowdfunding Pitch

Handset Expert (HE) is a company on a mission to help a customer select his/her next phone or SIM card in a quick, cost-effective, and easy manner. HE claims to provide all the information customers need when buying a new phone and/or SIM and streamline every step of the process. In 2018, 28.8 million handsets were sold in the UK. 61% of consumers expect to buy a new phone in the next two years, and the advent of 5G will usher a new generation of devices. The company, having undergone a thorough test and build phase, believes that it is in a suitable position for a full launch with a comprehensive go-to-market plan in place. It has featured in publications such as The Guardian, The Sun and The Mirror, been recommended by MoneySavingExpert and received Ofcom accreditation. It will use the investment to grow its business across different verticals to become the UK’s go-to mobile recommendation service.

Pitch Rated

80%

Gold

rating powered by

CROWD RATING™

pledged: 77% days to go: 16 investment: £272,020

Click here to view our full Equity Crowdfunding listing


Author: Sacha Bright & Oliver Murphy

Disclaimer

To the best of our knowledge, the information we have provided is correct at the time of publishing. Sacha Bright is not a solicitor or accountant and we recommend that you seek professional advice on any topic discussed.

Tagged: Investment Start-ups Entrepreneurs Incubators Raise Finance



Be a contributor to our blog click here to contact us
Click here to sign up to our newsletter

0 comments

Log in to comment

We reserve the right to remove comments which are inappropriate and/or offensive.
Comments are not the opinion of Nextfin.uk. Please read the comment guidelines
  • Internet Business Awards Category Award Winner 2015
  • Hertfordshire Business Awards Finalist 2014

As seen in:

  • The Guardian
  • Financial Times
  • Yahoo! Finance
  • The Times
  • The Daily Telegraph