Innovation business incubator functions under the aegis of the "Kharkov Technologies" Center.
Activity of an innovation or technological business incubator is directed at overall support of newly established small and medium innovation companies that operate in the scientific and technological sphere and deal with commercial realisation of completed scientific and research developments.
Such enterprises are provided with offices on the business incubator premises on the competitive basis. Offices are equipped with computers, telephones and other office equipment. Enterprises that become business incubator customers are provided with a range of services, required for novice entrepreneurs: access to Internet, consultancy support and trainings on innovation management, marketing, financial activity, technology transfer, etc. Specialists of the Center assist in development of business plans and innovation projects, in obtaining investments and loans, in search for partners, etc. Newly established enterprises become incubator customers for a period from 2 to 4 years, then a rotation follows: firmly established enterprises leave the incubator and newly established innovation enterprises become incubator customers.
16 enterprises have been (with consideration of rotation) customers of the business incubator for the past 4 years of its activity. The number of their staff has increased in more than 3 times during the period of their stay in the incubator. The enterprises have become financially stronger, their management improved and the volume of sales of their products increased. The making period has been much more successful for "incubated" enterprises, than for those that tried to develop independently. There are 8 companies now that are incubator customers.