The incubator supports the start-up of new food businesses, providing facilities and programs to help manage the transition from new product development, through commercialization, market launch and growth in sales, to ‘graduation’ from the incubator and the establishment of their own, stand-alone facilities.
The incubator provides a broad range of services to incubator clients, including: business planning ,cost accounting, legal advice, marketing, distribution, quality assurance and other related services.
As companies coming through the incubatior have grown and matured, so too has the facility itself. Recent changes to the length of lease arrangements have given tenants a larger window to prove their process and market.
Bob Gibson, who’s the senior manager at the incubator, says his group realized that for some companies, particularly start-ups, perhaps three years was not long enough to gain a foothold in their respective markets. He says the incubator now has an option for a fourth year to companies who feel they need extra time to develop.
More information about the Agrivalue Processing Business Incubator is available on-line.