Starting a business ‘less risky’ than being employed in private technology sector
1 min read
It's now less risky to start a company within a business incubator than be employed in the corporate technology sector, according to experts at Setsquared.
While large companies have been battered by the downturn, David Bream, centre director for Setsquared at the University of Southampton, said: "Research by UK Business Incubation, the body responsible for business incubators, shows that over 90% of companies that go through the incubation process are still in business after three years."
A joint venture between the universities of Bath, Southampton, Bristol and Surrey, the Setsquared Partnership Programme has established a number of high profile businesses. The centres provide business mentoring, coaching and access to university expertise, investment readiness training and subsidised office space. Bream continued: "We focus on three factors - business planning, management team development and funding. Clearly, a company that's taking advantage of business incubation services is going to be a more attractive proposition for potential investors."
While the centres actively welcome applications by high quality technical business, Bream warned: "We apply a very strong filtering process."
