Incubator study for City of Perth

A FEASIBILITY study examining the viability of a business incubator in the City of Perth has been commissioned by the North Metropolitan Perth Area Consult-ative Committee.

Business incubators assist in the start up and early development of micro businesses, providing work space on flexible terms and support services.

Only 20 per cent of new businesses survive the first year of operation. Current evidence suggests around 80 per cent of businesses established with incubator support will succeed in the same timeframe.

The committee is currently determining local demand for a business incubator in the CBD.

People interested in establishing their small business in an incu-bator can phone Simon Hood of Stamfords on 9476 3144.