Business Incubation

What does a Business Incubator do?

Sandy’s home based business enjoyed a successful launch. Sales goals were met and continued to grow to a point where continuing to be home based became a concern. With a growing family, the increasing need for customer meetings and ongoing distractions that come with a home office, Sandy decided that a commercial location was necessary.

Sandy looked into commercial premises and was surprised how much the move was going to cost. In addition to re-ordering office supplies with the new address, the business budget would also now have to consider utilities, additional business insurance and office equipment just as a starting point. Although sales were growing and the business was profitable, the move to commercial space would put a significant strain on cash flow and might not be financially feasible.

Are you looking for that bridge to assist in the transition to independent commercial premises?

This is what a Business Incubator does. Toronto Business Development Centre (TBDC) Business Incubation services help businesses facilitate that transition.

After moving into the business incubation environment at TBDC, Sandy quickly began to share the spirit of entrepreneurship with fellow business owners. Together with the help of an appointed business advisor Sandy reviewed the company business plan and put into place a strategy for sustained growth. Sandy is now looking forward to graduating from TBDC’s Business Incubation program and becoming a member of TBDC’s Incubation Alumni.

Business incubation provides entrepreneurs like you the expertise, networks, and tools required to accelerate the growth and success of your venture. Toronto Business Development Centre helps all types of businesses commercialize ideas and achieve their business goals.

Business Incubation services are offered at both TBDC locations.

• Flexible agreements designed to meet your needs
• Business advisory support
• 24/7 Secured access to your office suite and post office box
• Meeting room facilities
• Lunchroom facilities
• Photocopier and fax services account
• Courier convenience services
• Available on-site parking
• Visitor parking

Contact our Advisor on Call and learn how Business Incubation can be the stepping stone your business needs to achieve your vision.