Midland incubates success

THE Eastern Region Business Enterprise & Arts Centre has won both the innovation and highly commended awards at the Australian & New Zealand Association of Business Incubat-ors’ awards.

The ERBEAC, Australia’s largest business incubator with its centres in Midland, Bassendean and Ellenbrook, has just turned 10.

The centre has graduated more than 120 businesses from its centres and has 80 tenants building businesses.

The ERBEAC incubators provide businesses with short-term leases, on-site business advice and full secretarial services.

Incubators also help to reduce start-up risks – one of the biggest constraints to early business success.

The ERBEAC network is considering a move into seed capital provision and is investigating a number of US start-up funds.

ERBEAC executive officer John Rogers said capital was one of the most critical issues facing businesses that came to the centre.

“Bad management and under capitalisation are probably the two biggest causes of business failure. We can help with the former and soon hope to be able to assist with the latter,” Mr Rogers said.

Business incubators have been touted as one of the main reasons for the growth of the Israeli information technology industries.

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