Future Navigation for Entrepreneurial Start-ups: Business Incubation amidst Leading Tech Companies

Regarding the fact that the impact of technological innovations is significantly strengthened through a successful transfer towards market ready businesses, entrepreneurial processes represent a strong lever for economic growth. Public research institutions such as universities are one of the most important sources of technological innovation. However, members of these institutions rather tend to focus on further improvement of achieved innovations than on their transfer to market. Possessing the necessary infrastructure as well as a relevant network of established firms and entrepreneurs, STPs are well suited to host a business incubator and can close the gap between business and research, especially in the early stages of the entrepreneurial process.

The business incubator BizKubator is part of TPH – Technologie Park Herzogenrath, is situated close to RWTH Aachen university, a leading science and research institution, and provides start-ups the opportunity to accelerate the pre-seed phase with its major challenges proof-of-concept, team building, business model development, funding and time-to-market. The unique value proposition of BizKubator is to provide entrepreneurial teams and talents with an incubation space amidst leading technology companies as well as to give its existing customers, namely established companies, an unparalleled access to new opportunities.

The incubation program of BizKubator is based on well-known best practice examples and consists of four major components: Working environment, educational training and events, coaching and advice as well as access to funding and network. With the combination of its unique location and its comprehensive program, BizKubator is an innovative approach to foster practical entrepreneurship and to accelerate university spin-offs from which all stakeholders will benefit.