Page 24 - ARUBA BANK

A16 LOCAL
Friday 16 March 2018

Kvk Taking Steps Towards the Formalization Of An Incubator

hesitant about this. In case provides to the entrepre-
they would participate, neur needs to be kept into
74% would like to see this consideration. The man-
in a cross-sector collabo- agement style of the incu-
ration. To contribute and bator is very critical for its
invest in an incubator, 48% continuity and success. The
are willing to put in AWG safety of the tenants, costs
1000 per month while 28% involved and the concept
consider this should be free of a package deal under
of charge. 16% would be one roof are also essential.
willing to invest as much as The ACOC is very satisfied
ORANJESTAD – After a suc- or years. It usually provides ered. 66% of the respon- necessary to be part of an with the response collected
cessful meeting with rep- affordable space, shared dents have indicated that incubator. The participa- and the participation dur-
resentatives of the public offices and services, hand- business guidance is impor- tion to the survey consisted ing the focus group. With
sector and private sector on management training, tant for them. Furthermore, of 42% female and 58% the information obtained
in June 2017 regarding the marketing support and, guidance and advice on male. All the age groups it will be possible to contin-
formalization of an incuba- sometimes, access to some accounting (59%) and le- were adequately repre- ue in the right direction to
tor, the Aruba Chamber of form of financing. gal guidance (58%) are sented with 27% between make a commercial incu-
Commerce and Industry The survey has provided also much appreciated. In the age of 21-30, 28% be- bator for Aruba a reality. q
(ACOC) conducted a sur- interesting information, not regards of the building fa- tween 31-40, 25% between
vey addressed to the en- only about the incubator cilities 61% find important to 41-50 and 20% above 51
trepreneur and others who but also more general out- be able to pay rent space years of age.
are interested in starting a comes. The sector which at a price lower compared The survey also was the link
business. stands out as the one pre- to the market price. Inter- towards extending an invi-
ferred to start a business is net and Wi-Fi service are tation to people interested
The survey together with services and consulting. essential as indicated by in participating in a focus
a focus group session was 43% of the respondents 60% of the respondents, group to elaborate further
organized by the ACOC in have indicated their inter- while 56% of the group on the topic. During this fo-
collaboration with the Uni- est in starting in this sector. sees a safe location to be cus group session several
versity of Aruba. The target The sector of hospitality/ important as well. 73% be- important aspects came to
of the survey was to obtain a F&B follows with 24% and lieve that administrative light regarding the incuba-
better view on the thoughts marketing with 19%. It must service should be included tor and its goal. The diversi-
of the entrepreneurs in re- be noted that the respon- and 44% said that ICT and ty and quality of its tenants
gards to an incubator. To dents had the option to in- helpdesk service should be in combination with the
describe what an incuba- dicate more than one sec- available for the tenants of requirements such as ex-
tor is: a business incubator is tor. the incubator. clusivity, collaboration and
in general terms a building The interest to be part of Starting a business through the availability of good ad-
/ facility established to nur- an incubator is noticeable; an incubator is considered visors are paramount for its
ture young (startup) firms however certain require- by 31% of the respondents, success. The rules and flex-
during their early months ments have to be consid- while 62% indicate to be ibility that the incubator