What Is Business Incubation?
Business incubators are facilities that provide small, entrepreneurial businesses with affordable space, shared support, and business development services such as financing, marketing, and management. incubators can play a nurturing role in helping young businesses survive and grow during the start-up period when they are most financially vulnerable.
As of today, there are over 35 business incubators throughout Wisconsin. These organizations are very geographically dispersed, meaning that a business incubator, including all the technical, financial and consulting resources they have to offer, are just a short commute away for practically any business in Wisconsin. And these business incubators are highly diversified, spanning commercial services, manufacturing, retail, technology-based, cooperative kitchens and virtual incubators.
Business Incubation In Wisconsin.
Here are some facts to remember about business incubators in Wisconsin:
- 64% of the facilities are owned by 501(c)3 non-profit organizations.
- The average facility is 49,000 square feet.
- 60% of incubator start-up costs are equity financed.
- 48% of the states incubators have existed for more than 10 years.
- 58% of incubator facilities were retrofitted from a previous site.
- The most popular tenant business sectors are manufacturing and service.
- Urban incubators represent 52% of all Wisconsin facilities.
Supporting The WBIA Mission:
When you join the WBIA, you’re helping to support business start-ups, entrepreneurs, small businesses and your own clients and constituents.
It’s WBIA’s Mission:
“To educate, inspire, and advocate on behalf of small business start-ups & entrepreneurs by providing incubation facilities and networking resources.”
Interested in Joining the WBIA? CLICK HERE TO JOIN WBIA NOW
Incubators Can Be Found In:
Algoma, Ashland, Benton, Black River Falls, Eau Claire, Fond du Lac, Grantsburg, Green Bay, Hartford, Iron River, La Crosse, Ladysmith, Madison, Mazomanie, Menomonie, Mequon, Milwaukee, New Berlin, Oshkosh, Platteville, Racine, River Falls, Sheboygan, Spooner, Stevens Point, Stoughton, Sturgeon Bay, Superior, Viroqua, Watertown, Wausau, Wautoma, Wauwatosa, West Allis, West Bend, Wisconsin Rapids