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Thursday, October 02, 2014
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Start-ups

Business Incubation

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 gbugyra@ssmic.com for more information.

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 gbugyra@ssmic.com for an appointment. 

Service Canada – Starting a Business
http://www.servicecanada.gc.ca/eng/subjects/business/index.shtml

ServiceOntario – Starting a Business
http://www.ontario.ca/en/services_for_business/STEL02_038762

Developing your business plan and great business plan templates
http://www.canadabusiness.ca/eng/125/138/#

Business name and registration
http://www.canadabusiness.ca/eng/125/139/

Sault Ste. Marie Innovation Centre