Business incubation is an economic development tool designed to accelerate the growth and success of entrepreneurial start-up efforts through the mobilisation of an array of business resources and services. To fulfil its mission in the support of SME formation and growth, Malta Enterprise is managing the Kordin Business Incubation Centre (KBIC), which is a mixed technology oriented style incubator. KBIC provides a cost-effective business environment, a professional image with managerial expertise geared to the needs of small business. At KBIC, a small business does not only benefit from tangible assistance, but also from workshops and seminars designed to stimulate the entrepreneurial spirit.
The facility has a gross area of 4,800 sq mtrs, a tenancy area of 3,200 sq mtrs and an additional capacity of about 1,500 sq mtrs. It consists of 57 units, ranging from 25 sq mtrs to 100 sq mtrs, thus providing a flexible space arrangement. Each unit is equipped with a basic infrastructure of electricity supply, water, telephone service, data connectivity and furniture.
The formal incubation period is set between a minimum of one year to a maximum of three years. During the incubation period, clients will be exposed to an optional structured training programme. At the end of the incubation period, the programme may assist the client to:
- relocate the business;
- provide services that are available on site for an extended period of not more than two years;
- link the client to other forms of funding.
The target industrial groups that KBIC is focusing on are:
- Engineering Design and Development of Equipment Systems.
- Renewable Energy Resources.
- Biotech Projects.
- Other Innovative Projects.
Further information can be obtained from the Manager at KBIC by sending an e-mail on info@kbic.com.mt or by phoning on (+356) 2398 0000.
KBIC location map
Updated: 17th June 2008
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