What is the Incubator?
The Incubator is the heart of the Innovation Centre Kosovo, aimed to support the entrepreneurial process, by helping to increase survival rates for innovative startup companies.
What is a startup?
A startup is a company or temporary organization designed to search for a repeatable and scalable business model. They are generally newly created, and go constantly through development and research for markets.
Startup companies can come in all forms, but they are often associated with high growth and technology. Successful startups are typically more scalable than an established business. A critical task in setting up a business is to conduct research in order to validate, assess and develop the ideas or business concepts in addition to opportunities to establish further and deeper understanding on the ideas or business concepts as well as their commercial potential.
Who is an entrepreneur?
In simplicity; an entrepreneur in normal circumstance is one who starts a business, owns the decisions on how, where, when and when not to run the business, finances and assumes the risks, owns up to himself alone both profit and loss realized, owe no explanations or accounting to any individual or company. And there is no short or better way to put it other than the dictionary definition above which summaries the whole long speech. In entrepreneurship creativity and originality are marks of great success being the first of its kind, and soon develop into large organization or may decide to join with related growing business/es to form conglomerate.
How do they fit to the incubator?
Entrepreneurs with feasible projects are selected and admitted into the incubator, where they are offered a specialized menu of support resources and services.
What kind of resources?
Resources and services open to an entrepreneur include diverse elements like: provision of physical space (offices, labs), management coaching help in preparing an effective business, administrative services, technical support, business networking, advice on intellectual property, help in finding sources of financing, etc.