The business incubator or accelerator can be a cost-effective way for an entrepreneur to start a business. Incubator facilities can vary, but generally they offer an individual office, cubical or at least a desk for the business person, plus communal communication and business services. Depending on the host organization, incubator services can be free to the entrepreneur, but some incubators charge a nominal fee for rent, often on a sliding scale as the business grows. Within the hosting organization are advisors and/or mentors who can guide a business person on legal, financing, banking, networking connections and personnel matters.
Small to medium entrepreneurs, can find a nurturing environment to help grow their business and may do well to participate in a business incubator program. There are a growing number of business incubators throughout California sponsored by various entities, such as universities, cities or counties, ethnic or industry associations, or private companies. The goal of an incubator /accelerator program is to increase the chance a business start-up will succeed. Incubator support also reduces the time and, potentially the cost of establishing and growing a new business.
According to Wikipedia,
"Coworking is a style of work that involves a shared workplace, often an office, and independent activity. Unlike in a typical office, those coworking are usually not employed by the same organization. Typically, it is attractive to work-at-home professionals, independent contractors, independent scientists or people who travel frequently who end up working in relative isolation. Coworking is a social gathering of a group of people who are still working independently, but who share values and who are interested in the synergy that can happen from working with people who value working in the same place alongside each other. Coworking offers a solution to the problem of isolation that many freelancers experience while working at home, while at the same time letting them escape the distractions of home. Coworking is not only about the physical place, but about establishing the coworking community first."
At College of the Siskiyous, we’ve decided to blend these two concepts as we formed The Hatchery. Our first Hatchery location is on the COS Weed campus in the Learning Resources Center. We will soon launch a second Hatchery location on or near our Cos Yreka campus.
Since we are a located at a small college in a rural community, our Hatchery space reflects that in its size. We currently offer no individual offices as in a traditional incubator, but rather co-working style space where budding entrepreneurs can work on their next innovation.
Hatchery membership is free at this time with current enrollment in one of our entrepreneur classes or workshops.
Phone: (530) 841-5834