Incubation is about lots more than space

 

You might think of business incubators as buildings.That’s often true, but what incubation really means is providing entrepreneurs with services necessary for their growth.

WNY Incubators host a wide variety of backgrounds, ventures, skill sets, and ambitions.

Most business incubator clients are startups with significant potential to scale, whose capabilities are still incomplete.The founders might be technologists, designers, engineers, medical professionals, or business types who need help in accounting, sales, commercialization, or another key area.

WNY Incubators provide a full suite of services to help entrepreneurs and ventures thrive. 

Western New York is proud to host several business incubators, each with its own industry focus, expertise, clientele, and culture.  We exist within a vast entrepreneurial ecosystem, and connect our clients with resources that include:

  • Funding
    • Access to angel investors, private equity, and venture capitalists
    • Connections to banks, gap funds, and revolving loans
    • Attractive and flexible occupancy agreements
    • Development of advisory boards


       
  • Facilities 
    • Managed properties that allow you to focus on running your business
    • Shared services including libraries, reception, copy machines, mailrooms, and high speed internet access
    • Connections to strategic partners and higher education
 
  • An Environment of Expertise
    • Assistance with business vitals including accounting, finance, marketing, strategy, legal issues and regulatory compliance
    • Mentoring and advice from successful entrepreneurs and subject matter experts
    • Technology transfer and commercialization
    • Presentation skills and pitch practice sessions
    • Interns and student support
    • Networking events
    • Recruitment of executive leadership and employees
    • Pre-screened vendors offering discounted services
    • Being surrounded by WNY's boldest thinkers, dreamers, and doers

WNY Incubators offer tax incentives. 

Clients of WIN incubators can apply to participate in the NYS Innovation Hot Spot tax incentives program.  These incentives can also be paired with the Start-Up NY initiative to achieve a 15 year period of tax savings for successful ventures.  You can read more about this opportunity here.