UCFBIP clients are provided with an array of business development services and resources to help accelerate growth. The formal incubation process takes place through a series of strategic and tactical working sessions to define the company business, market, and capital strategies and to build the business plan. Expertise and resources are identified for the company to use in addressing tactical needs as they are identified through the strategy sessions or other informal interactions with incubator staff and advisors.
Small businesses are most vulnerable during the early stages of operation. In fact, the U.S. Small Business Administration estimates that only 44% of small businesses continue to operate after four years. Business incubators help nurture companies during their most fragile stage. They provide the support that accelerates the successful development of startup and fledgling companies by providing entrepreneurs with an array of targeted resources and services. The National Business Incubation Association (NBIA) found that 87% of incubated companies are still in business five years after graduating from their program.