Frequently Asked Questions
A program or shared office center designed to support the successful development of companies by offering cost effective resources and support.
A type of business incubator that typically accepts startup teams into a three-month program and may provide capital, basic living expenses, office space and mentorship, often in exchange for equity in the startup.
What is virtual incubation?
The old incubator model required a startup venture to set up shop at the incubator’s site. The virtual model, on the other hand, allows a company to garner the advice of an incubator without actually being located at the incubator’s site. This new model suits those entrepreneurs who need the advice an incubator offers howevery they are located away from the incubator or want to maintain their own offices.
Virtual incubators, are offering business incubation services to communities that are underserved or remote. In a virtual incubator, many on-demand services can be curated, compiled, and offered to the entrepreneurs on demand. The potential scalability of digital services and their non-dependance on physical space make virtual incubators the next generation of traditional incubation mode.
Virtual Incubator vs. Physical Incubator
- Flexibility to work around your schedule
- The resources are not limited to your local surroundings
- Opportunity for more interaction
- More accessible and have higher acceptance rates
- Online incubators are more affordable
A venture capitalist is an investor who either provides capital to startup ventures or supports small companies that wish to expand but do not have access to equities markets. Venture capitalists are willing to invest in such companies because they can earn a massive return on their investments if these companies are a success.
Venture capitalists also experience major losses when their picks fail, but these investors are typically wealthy enough that they can afford to take the risks associated with funding young, unproven companies that appear to have a great idea and a great management team.
Blue Growth is the long-term strategy to support sustainable growth in the marine and maritime sectors as a whole. Seas and oceans are drivers for the European economy and have great potential for innovation and growth. It is the maritime contribution to achieving the goals of the Europe 2020 strategy for smart, sustainable and inclusive growth.
The ‘blue’ economy represents roughly 5.4 million jobs and generates a gross added value of almost €500 billion a year. However, further growth is possible in a number of areas which are highlighted within the strategy.