International Islamic University Islamabad – Business Incubation Center

BIC Introduction:
Business incubation is a business support process that helps speed up the successful development of newly formed and emergent companies by providing entrepreneurs with a selection of pro-active concentrated guidance, value-added support, and access to critical tools, information, coaching/training, networking opportunities, resources and services. These services are especially developed and coordinated by the IIUI-BIC management and offered through its network of contacts. Business incubator’s main goal is to produce successful firms that will leave the program financially viable and freestanding. The graduates of IIUI-BICs will have the potential to create jobs, revitalize neighborhoods, commercialize new technologies, and strengthen local and national economies.

Crucial to the definition of a BIC is the provision of management guidance, technical assistance and consulting tailored to the needs of the young growing companies. BICs usually also provide clients access to appropriate rental space and flexible leases, shared basic business services and equipment, technology support services and assistance in obtaining the finance necessary for company growth. All this assistance would be provided by IIUI-BIC at International Islamic University, Islamabad. Ideally, a company would be ready for graduation form IIUI-BIC in 6-18 months.