The Indiana County Small Business Incubator was established in 1986 to
provide assistance to start-up or developing companies. The Incubator
has been funded in part by the Ben Franklin Partnership of Central and
Northern Pennsylvania since inception. The program is dedicated to
increasing Indiana County’s economic prosperity by encouraging high-tech
development and industrial diversification. A start-up or developing
business that is involved in engineering services, software development,
information technology, light manufacturing, assembly, mail order/direct
marketing or other selected service or manufacturing activities may be
eligible to apply as a tenant for space within the Incubator facility.
The program specializes in helping individuals move their innovative
business ideas from development to commercialization. Gradual rental
increases ease the initial financial burden faced by all businesses in
the start-up phase. At the same time, it prepares the business for its
ultimate responsibility in the greater community. As an Incubator
tenant, a company will benefit from the nurturing assistance and various
services provided in-house that will help to build a solid foundation to
support future growth. US statistics show that business incubators
increase the survival rate of start-ups from 35% to 87%.
As a unit of the
Management Services Group within the Eberly College of Business and
Information Technology, a number of services are offered to Incubator
tenants:
Low initial rent
Receptionist
Shared use of fax and copy machine
Business advice
Mentoring
Conference room
Networking with other businesses
Student interns