BIC is geared toward speeding up the growth and success of startup and early stage companies. They’re often on a good path to capital from angel investors, state governments, economic-development coalitions and other investors, but an actual physical space meant to foster networking among entrepreneurs and their coaches is necessary. Others operations on a virtual basis are also in regulation.
BIC sometimes work as accelerators instead, often when they’re geared toward jump starting businesses that are more developed.
Many start-ups have potential capital to invest, or links to potential funding sources. There’s access to services such as accountants and lawyers — not to mention invaluable coaching and networking connections through the staff and other entrepreneurs are later developed at BIC.