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Timişoara Software Business Incubator was an initiative financed by a local consortium of public institutions: "Politehnica" University of Timişoara, Timişoara City Hall, Timişoara City Council and Timiş County Council with know-how and financial support offered by GTZ.

Established in 2004, Timişoara Software Business Incubator supports a different approach of implementing viable and innovative businesses. It does that by offering optimal and well positioned locations, by developing and delivering services tailored to answer the needs of beneficiary companies, by providing dedicated staff to assist the development of the entrepreneurial performances of the young start-up managers, facilitating their business plans implementation, attempting to assure good company promotion and positioning both within the local IT sector and in their relations with different types of local and regional community actors, and also on international levels.

 

Business Incubator Zrenjanin supports the entrepreneurial process, helping to increase survival rates for innovative startup companies in IT sector. Only entrepreneurs with feasible IT projects are admitted into the incubator, where they are offered a specialized menu of support resources and services. The resources and services open to an entrepreneur include: provision of physical space, management coaching, help in making an effective business plan, administrative services, technical support, business networking, advice on intellectual property and sources of financing.