FACILITIES
Business Incubators
A business incubator is a number of individual businesses operating independently but within one location. The aim of a business incubator is to help businesses establish or grow. The environment of lower overhead costs, shorter lease terms, shared resources, professional management and a range of business support services help promote the growth of your business.
We have a tenant facility of seven office spaces and a storage shed for occupation under the program, as well as an external tenant program.
Initially funded by the Commonwealth Governments' Department of Industry, Resources and Trade, it enables new or growing businesses to access a range of services to help them with their start-up or development. In addition to a free tenant counseling service we provide fee-for-service bookkeeping and secretarial support to tenants and other external clients.
Who is it for?
- New–start businesses or businesses operating from home-based premises particularly benefit from the transition to a more professional environment.
- Existing businesses that need intensive support in order to overcome issues or assist in their growth.
- Community enterprises who wish to be assisted with a professional environment and administrative support
Are they successful?
A study of business incubators throughout Australia and New Zealand has shown that 80 percent of businesses that start in a business incubator survive. This is in comparison to the often quoted statistic that 80 percent of small businesses fail in the first 2 years. Business incubator tenants move out to commercial premises generally within two to three years
Why do they work?
- Easy to move in and out, with short-term leases. Businesses can trial viability without committing to a full term commercial lease
- Shared resources charged on a user pay basis. Enterprises do not have to outlay major initial capital to purchase equipment.
- Business counselling and support services available on site with referrals to specialists and professionals
- Access to small business management training on site
Where is it?
The Snowy Enterprise Centre Business Incubator is located at 38 Bombala Street Cooma. The Centre has the capacity for up to 7 enterprises. The facilities are very suitable for service orientated businesses, especially those requiring a professional office in which to see clients and a reception service.
Snowy Enterprise Centre Business Incubator
- Attractive rooms, with carpet, heating/cooling, easy disabled access and security monitoring
- Unrestricted 24 hour access
- Reception and telephone answering during office hours, mail collection/distribution, car parking space, kitchen facilities and access to a separate meeting room for 8 hours per month
- Access to photocopier, broadband internet, fax, multimedia projector, binding machine and other equipment at usage rates
- Secretarial and bookkeeping services at a fee
- Office furniture can be supplied for a fee