Australia’s newest support system for great deals and business assistance, Gulf Gold, have added Business Incubators to their list of ways they are helping Queensland Rural Businesses get started and flourish.
Business incubators are designed to address inherent market failures such as an inequitable access to information and capital as well as a lack of focused business advice for new, small businesses.
A business incubator is generally described as a facility providing favourable, controlled conditions to aid in the growth of new ventures .
At Gulf Gold, our Business Incubation team’s focus is on small businesses as this sector has neither the capital, time or expertise to pursue this information themselves, in order to enact profitable changes.
The formal concept of business incubation began in the US in 1959 and expanded in the US in the 1980s where it then spread to the UK and Europe.
In 2005 alone, North American business incubation programs assisted more than 27,000 companies that provided employment for more than 100,000 workers and generated annual revenues of $17 billion.
The US-based International Business Innovation Association, estimates that there are about 7,000 incubators worldwide.
In Australia, the first business incubators appeared in the early 1980s, funded by state and territory governments. This was shortly followed by an extensive program of support from the federal government, which led to a rapid expansion from 49 incubators in 1996 to almost one hundred in 2005.
Australian business incubators are, in the main, focused on providing support to the general small business community and budding entrepreneurs, rather than on commercialising technology from research bodies. The emphasis has therefore been on providing affordable, flexible office space for tenants; access to shared resources; business advice and help; and links to professional and commercial networks, rather than commercialisation through technology transfer and capital inflows.
How Gulf Gold can assist your new business...
Our team members at Gulf Gold, will take that great idea and provide the start-up business assistance you need which in turn, will turn your idea into a reality with the smooth launching of your business.
The next stage is the efficient managing of your business with your day-to-day operations which paves the way for success.
When business is good and its time to expand, we will then look to growing your business with new funding, locations and customers.
Depending on your business needs, throughout the incubation program, the team at Gulf Gold, will offer administrative support, assistance with marketing and research, assistance with regulatory compliance, accounting/financial management, access to bank loans, loan funds, guarantee programs and angel investors or venture capital.
On offer will also be access to comprehensive business training programs, advisory boards and mentors and assistance with presentation skills and business etiquette.
Gulf Gold’s Business Incubation team will ensure that from your idea’s conception to its business expansion, our service will at all times be consistent and at an expert level.
If you have a new business and are interested in learning more about how Gulf Gold can assist, get in contact with us below.
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