(I) Definition
Incubation Centers develop new businesses, new products, new technologies, and assist SMEs in upgrading and transforming themselves. They aim to reduce costs and risks for startups and early stage R&D by effectively combining resources such as office space, equipment and facilities, technology, fund sourcing, business services and management consulting. The creation of a superior cultivating environment at incubation centers will enhance any new venture's chance of success.
(II) Purposes
The construction of a robust and comprehensive platform to encourage innovation and entrepreneurship leads to the creation of new businesses. The flexible utilization and integration of domestic and overseas R&D resources, creates a superior environment for research and entrepreneurship and benefits the long-term development of SMEs. This enhances the competitiveness of SMEs, prompts the upgrade and transformation of industries and as a result, generates new impetus for the development of the national economy.
(III) Functions
- Reduces the investment risk associated with start-ups and R&D, thereby improving the success rate of entrepreneurs and innovators.
- Assists with incubation projects and helps with the development of new technologies and products.
- Enables the commercialization of R&D results.
- Provides a venue where academics and industry leaders can cooperate.
- Offers a testing services to speed up product development.
- Assist with consulting services in talent development, fund raising, information provision, management and other operations.
(VI) Services
- Business Support
- Provision of office space and facilities.
- Provision of shared laboratory equipment, machinery instruments and public utilities.
- Services in sales and marketing planning.
- Planning for professional training curricula and speeches.
- Assistance in promotions and exhibitions.
- Provision of investing and financing information and introductions to venture capital companies.
- Legal consulting or counsel services in intellectual properties.
- Assistance in applications for government support of R&D projects.
- Space and Facilities
- Assistance in new company set-ups or business registration.
- Advice in the drafting of business plans.
- Help with contract drafting with internal parties(between companies and incubation centers)or external parties(between companies).
- Management and maintenance of software and hardware.
- Building security management.
- Technical and Manpower Support
- Professional consultants.
- Services in technology transferor introduction.
- Services in industry-academic cooperation.
- Assistance in cooperation and strategicalliances with technology research institutions.
- Legal consulting or counsel services in intellectual properties.
- Information Support
- Snformation on support provided by government agencies.
- Assistance in gathering industries,markets or technologies information.
- Facilitating collaboration between industrial associations, specialist academic associations and other
