The Innovation Center at Rogers State University features a business and technology incubator program geared toward growing early stage technology, light manufacturing, and professional service-based companies. The Innovation Center provides start-up companies with business and technical assistance, networking support through on-site business staff, and a wealth of resources to help smooth their path from concept to profitability.
What is a Business Incubator?
An incubator is a program that provides start-up or early phase companies with an environment and variety of services to help them grow more quickly and more successfully.
Business incubation provides entrepreneurs with an array of targeted resources and services. These services are usually developed or orchestrated by incubator management and offered both in the business incubator and through its network of contacts. A business incubator’s main goal is to produce successful firms that will leave the program financially viable and freestanding. These incubator graduates have the potential to create jobs, revitalize neighborhoods, commercialize new technologies, and strengthen local and national economies.
Critical to the definition of an incubator is the provision of management guidance, technical assistance and consulting tailored to young growing companies. Incubators usually also provide clients access to appropriate rental space and flexible leases, shared basic business services and equipment, technology support services and assistance in obtaining the financing necessary for company growth.
The incubator program provides support and mentoring for new companies, especially those that focus on information technology, biosciences, and environmental conservation sectors. By building upon RSU’s areas of academic strengths, incubator clients will be better able to fully utilize the university’s academic resources to grow their enterprise.