"Technology Incubation is a dynamic process of business development. Incubators nurture young firms, helping them to survive and grow during the critical start-up stage when they are most vulnerable…."

Globally, the concept of Technology Incubation has proven to reduce the failure rate of new start up companies involved in information technology. In doing so they create employment and assist local and regional economic development.

• Almost 80% of companies will go out of business within their first 5 years
• Approximately 85% of incubated companies will survive once they successfully graduate from incubators and set up operations independently…"

Technology incubation involves the facilitation of both structural facilities and management oriented services designed to assist new and growing businesses involved in developing cutting edge technologies to become established and profitable by providing premises, advice, services and support.

In the form of a business center, the incubator provides tenants with an initial place of operation equipped with voice/high speed data connectivity, supportive environment in which services such as assistance in technology, hands-on management, mentoring, marketing, support in business plan development, assistance in recruiting human resources, access to academic and research laboratories and exposure to both domestic and international capital funds to grow their business.