The Business Incubator provides start-up companies business mentoring and guidance during the critical early-stages of a business. Following a successful application to the program, new resident companies are welcomed to a turn-key office environment for starting their company. Offices come furnished with furniture, fax, copier and phone access. Resident companies enjoy a professional look and feel from day one, which can be critical in gaining that first customer!
Over the past five years “needs assessments” of incubator clients has identified that companies and their owners require increased mentorship specifically to solve problems, add support for high-level strategy development, and assistance with grant writing and financing strategies. The Business Incubator and its staff work collaboratively to provide this support, ensuring that these emerging companies are more likely to be successful as they move from concept to commercialization.
The SSMIC Incubator currently operates in 3,200 square feet of space, located on the Algoma University campus. When fully occupied, the incubator is able to provide support for up to 11 new startups with a focus on innovative products and services from the technology and science sectors. The organization now offers 5 private office suites (ranging from 120 to 240 sq. ft.) and 6 pods (42 sq. ft.) available for either regular incubator or virtual incubator usage.
In spring 2011, the SSMIC Business Incubator will expand its space to roughly 4,250 square feet in the Bio-sciences and Technology Convergence Centre (BTCC), which will accommodate offices with a total of 65 workstations in addition to meeting rooms, common spaces, and space for business advisory services. In the BTCC, the Incubator will offer a number of private offices ranging in size from 85 square feet up to approximately 280 square feet.
Contact Gerry Bugyra, Business Development Manager at 705-942-7927 x3129 or email@example.com for more information.
Accelerator Hub – Downtown Sault Ste. Marie
The Accelerator Hub was opened in 2014 as an expansion of SSMIC’s overall business and market development operations, offering new office space to small and medium sized science and technology businesses in the community. Located at 258 Queen St. East, the Hub is conveniently situated in the heart of downtown Sault Ste. Marie. Aiming to help revitalize the downtown core, the Hub gives entrepreneurs and business owners a co-working space dedicated to collaboration and innovation.
The Accelerator Hub is an intermediate incubation space for science and technology businesses that are just starting out or who are ready to expand. By bringing together a variety of incubators under one roof, the Hub creates an environment of collaboration, community, innovation and growth. It also provides space for current SSMIC Business Incubator clients operating out of the Essar Convergence Centre on Algoma University campus to expand their business to downtown Sault Ste. Marie.
To learn more about the Accelerator Hub, contact Gerry Bugyra to book a viewing or an appointment, 705-942-7927 x3129 or firstname.lastname@example.org.
Other Resources for Start-ups
Starting a business in technology or science can be as simple as registering a name or incorporating a company, but it also involves planning and being aware of the many opportunities and challenges you’ll face in the first few months of operation. Familiarize yourself with any of the following links to great resources on starting a business and then contact Gerry Bugyra, Business Development Manager at 705-942-7927 x3129 or email@example.com for an appointment.
Service Canada – Starting a Business
ServiceOntario – Starting a Business
Developing your business plan and great business plan templates
Business name and registration