Tag Archives: PBC

Real Business Incubators – How Australian Indigenous PBC’s can stimulate economic development

Business incubation was a concept that started in the United States in 1959 when the Batavia Industrial Centre was opened. Incubation expanded in the US and spread to the UK, then Europe. The following graphic shows a “potted history” of business incubation. real business development In Australia, business incubation was supported by governments in the 1990’s but since then, the term has been somewhat debased by “fashion” and carpet-bagger consultants trying to ride a catchy phrase transformed it to become an offering of its parts rather than as a total concept. Hence many consultants now offer “Business Incubation services” to Indigenous organisations, to the extent that in Indigenous organisations today the term “Business Incubation” means to offer community members some form of support to help them start business, whether this be micro-financing, business planning services, or book-keeping services. While these individual services can help Indigenous small business owners, taken as individual services they cannot holistically help develop a start up business invariably conceived by someone in the community who is starting up from ground zero. Business services provided singly do not provide the support and tailored tutoring and mentorship to ensure the business aspirants are taken on the whole journey of business start-up and establishment. What is an aspirant going to...
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OTS Management