The Pinoy Entrepreneur

As defined in wikipedia, Technology Business incubators (TBI) are "programs designed to accelerate the successful development of entrepreneurial companies through an array of business support resources and services, developed and orchestrated by incubator management and offered both in the incubator and through its network of contacts."  Its primary role is to nurture and provide entrepreneurs basic support services and resources to help them grow and survive during the start-up period.

And yes, it is coming to the Philippines as well!  The Department of Science and Technology (DOST) is already undergoing a research study on the feasibility of a TBI in the Bicutan S&T Complex in Taguig City.  What this means is that start up businesses here in the Philippines will get more support in order to succeed!  Potentially, business incubators would be able to provide services from helping businesses develop a business plan to actually providing manufacturing services.  One interesting fact also is that these services would be available on a pay-per-use basis.  Business owners will be given the choice to avail of the service as the need arises and pay on an hourly, daily, monthly, or yearly basis.  How cool is that!

I hope this project pushes through.  With a technology business incubator by our side, starting up a business would definitely be much easier.  All the resources that a business will ever need will be present in single compound.  Wow!