The educational program provides a comprehensive and practical overview of the tasks and responsibilities of managing business incubators, which are programs that accelerate the successful development of start-up and emerging companies by providing entrepreneurs with resources and services. Launched in 2007, the certificate program is designed to enhance managers’ skills and to provide them with opportunities to gain ideas for building stronger relationships with key constituents, providing effective client services, ensuring incubator sustainability and more.
NBIA officials say receiving a certificate is a mark of distinction verifying mastery of incubator governance, services and policies.
“We thought it would be helpful for NBIA to establish a base of knowledge that every incubator manager should know, regardless of the type of incubator they run,” said Tom Strodtbeck, NBIA director of events and international programs. “The certificate program is a way for people to track their progress in gaining that knowledge.”
To receive a certificate, incubator managers must complete a training curriculum, including workshops, sessions and webinars, and covering a range of topics, including incubator finances, strategic planning, graduation policies and procedures, client selection, and facilities management.
Business incubation programs, such as CBBI, catalyze the process of starting and growing companies by providing entrepreneurs with the expertise, networks and tools they need to make their ventures successful. NBIA estimates that in 2005, the most recent year these data were collected, North American incubators assisted more than 27,000 start-up companies that provided full-time employment for more than 100,000 workers and generated annual revenue of more than $17 billion.
Since opening in 2000, the CBBI has graduated more than 130 companies and created more than 425 jobs in the region. The CBBI boasts an 86 percent success rate after 12 years. The CBBI’s satellite facility, the CBIC, was opened December of 2011 and is already at capacity. The CBIC is a niche incubator focusing on “green” businesses including alternative energy, recycling, and eco-friendly products.
The NBIA is the world’s leading organization advancing business incubation and entrepreneurship. It provides thousands of professionals with information, education, advocacy and networking resources to bring excellence to the process of assisting early-stage companies. Visit www.nbia.org to learn more.