Oranjestad - Aruba
After a successful meeting with representatives of the public sector and
The survey together with a focus group session was organized by the ACOC in collaboration with the University of Aruba. The target of the survey was to obtain a better view on the thoughts of the entrepreneurs in regards to an incubator. To describe what an incubator is: a business incubator is in general terms a
It usually provides affordable space, shared offices and services,
outcomes. The sector which stands out as the one preferred to start a business
The sector of hospitality/F&B follows with 24% and marketing with 19%. It must be noted that the respondents had the option to indicate more than one sector. The interest to be part of an incubator is noticeable; however certain requirements have to be considered. 66% of the respondents have indicated that business guidance is important for them.
Furthermore, guidance and advice on accounting (59%) and legal guidance (58%) are also much appreciated. In regards
Starting a business through an incubator is considered by 31% of the respondents, while 62% indicate to be hesitant about this. In case they would participate, 74% would like to see this in a cross-sector collaboration. To contribute and invest in an incubator, 48% are willing to put in AWG 1000 per month while 28% consider this should be free of charge. 16% would be willing to invest as much as necessary to be part of an incubator. The participation to the survey consisted of 42% female and 58% male.
All the age groups were adequately represented with 27% between the age of 21-30, 28% between 31-40, 25% between 41-50 and 20% above 51 years of age. The survey also was the link towards extending an invitation to people interested in participating in a
focus group to elaborate further on the topic. During this focus group
The diversity and quality of its tenants in combination with the requirements such as exclusivity, collaboration and the availability of good advisors are paramount for its success. The rules and flexibility that the incubator provides to the entrepreneur
The safety of the tenants, costs involved and the concept of a package deal under one roof are also essential. The ACOC is very satisfied with the response collected and the