The joint stock company “MAP JSC” was established in 1989 as a center of youth scientific and technical activity. From the very beginning the company was applying the innovative instruments to support entrepreneurial ideas even at absence of a legislative framework for business incubation system in Belarus. Since “The Regulations on Business Incubators” (1998) was approved the “MAP JSC” has been functioning as a business incubator of innovation type aiming to support business initiatives of young scientists and entrepreneurs. The  “MAP JSC” is situated in the suburbs of Minsk (2 km) - Kolodischi. The total square of rented out incubator’s premises is 3400 m². 

Key clients of the “MAP JSC” are potential entrepreneurs or existing micro and small enterprises at the beginning of their business activity. Renting out of premises to entrepreneurs is based on the principles of competition: business ideas should be approved by the Board of the joint stock company “MAP JSC”. Upon approval a new tenant is provided with an office, office services and consulting services. The Temporary Working Group of the company is supporting tenants in realizing of their business ideas (including financial support) during the incubation period. Centralized (shared) bookkeeping allows constant monitoring of tenants business activities, thus allowing early warning of problems at incubated enterprises and in-time preventive corrections in their business activities.  

Tenants of the business incubator “MAP JSC” and other interested entrepreneurs benefit from the thematic seminars organized by the incubator: principles of entrepreneurship, financing of business activities, taxation, standardization and certification, licensing and other topics upon the tenants` needs.  The business incubator “MAP JSC” fostered 90 enterprises and the majority of them is still operating successfully. The main income sources of the “MAP JSC” are rent payments, counseling and office services, share dividends.

Process of business-incubation in "MAP JSC":

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