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Biznis Inovacioni Centar Kragujevac - Biznis inovacioni centar Kragujevac

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BICAbout Us

About Us

MISSION

The Mission of Business Innovation Centre is to provide entrepreneurs located in the City of Kragujevac region, who have innovative products or services with a unique environment which will increase their company’s chances for success.

BIC offers a unique opportunity for innovation-based ventures in the combination of low-cost, furnished office facilities; top-of-the-line internet and telecommunications; strategic advice from our on-site Management Team and through our “Know-How Network” of professional service providers, experienced business advisors and academics; access to funding sources, marketing and PR support; responsive on-site management; and a culture of quality and cooperation. Through this targeted services package, BIC fosters entrepreneurial ideas from the early stage of business development until the graduation stage of growth.

HISTORY

BIC was founded in April 2008 and begun its operations in January 2009 as a Limited liability company whose founders are City of Kragujevac, Regional Chamber of Commerce Kragujevac, Regional Agency for Economic Development of Šumadija i Pomoravlje, Association of Private Entrepreneurs "Šumadija" and General Association of Entrepreneurs "Sloga". This coalition of forces allows BIC to provide invaluable services and benefits to its tenants and other client companies. The project is funded by the City of Kragujevac, National investment plan and donor funds.

OVERVIEW

BIC is an economic development tool designed to help innovative young companies in start up phase of realization of their business idea and accelerate their growth and success. The purpose of BIC is to produce successful firms that will leave the incubation program financially viable and freestanding, usually in two to three years; creating jobs, commercializing critical new innovative technologies and strengthening our local and national economies. BIC differs from commercial property and serviced offices by requiring clients to “graduate” from it, on average after 3 years. The emphasis on “graduation” is reinforced by a policy of implementing graduated rental and service fee increases as the business grows, to encourage clients to seek accommodation options in more conventional commercial premises. BIC encourages companies to stand on their own as soon as they can and to leave BIC when they 1) have their management team in place; 2) have acquired 2nd round financing; 3) have revenue-producing products or services. This opens a spot in the BIC for new companies and starts new business development cycle.