Here you will find some of the questions that you may have before starting your company.
- Why use the services of the UDEM Center for Business Incubation and Development?
CIDEM is a unique center that walks with you every step from the conception of a project to its execution and acceleration. Our experts have more than thirty years’ experience in business and they provide you with customized support. Additionally, CEDIM has links to research and development centers that allow you to access technologies for the thorough technical development of your project.
- What is an incubator?
It is a place where ideas are conceived and developed in such a way that success and market survival are ensured. An incubator offers infrastructure assurance, advice, backup and support to new businesses until they consolidate in the market.
- What is an SBDC?
It is a university-based center that provides small and mid-size companies with advice and training to make them more competitive and increase their potential as job generators.
The SBDC model emerged at the initiative of the United States SBA (Small Business Administration) and the ASBDC (Association of Small Business Development Centers), which comprise a network of more than 1,100 centers in that country and which was brought to Mexico at the initiative of the AMCDPE (Mexican Association of Centers for the Development of Small Businesses).
The model, which has been tried for more than 30 years, has been acquired by the Universidad de Monterrey CIDEM to cater to the needs of small and mid-size companies in the region.
- How much does it cost?
This is not about cost, it is about investment. The amount of the investment is minute if you take into consideration that, in addition to consultancy, it includes the use of infrastructure (office, equipment, air conditioning, basic services, etc.) and access to specialized software, the cost of which is very high if obtained otherwise.
The exact amount cannot be specifically defined as it depends on the technological intensity and the needs of each project.
CIDEM strives to make the costs accessible to all businesses. Additionally, it has a University scholarship program in place and receives funds from business and government agencies in order to be able to undertake all projects.
- Does UDEM become the owner of my project if I incubate it at CIDEM?
No, CIDEM gives you support in matters concerning copyright in order to protect you from this happening with any third parties or institutions.
- Does UDEM keep a percentage of my profits?
No, CIDEM’s business is the success of your business.
- Is it safe to incubate a project through CIDEM?
CIDEM’s administrative staff and body of advisors are bound under an agreement of confidentiality which protects all of the enterprisers’ information against all types of plagiarism.
Some company indicators are in fact used globally with the purpose of attracting resources from business and government agencies. This data is never exploited or transferred to any entities for marketing or profit-making purposes.
- Can I seek advice at CIDEM if I am not an UDEM student or part of the UDEM community?
All enterprisers and entrepreneurs from inside and outside the UDEM community are welcome both to the Institution and to the Center for Business Incubation and Development.
- Why start a business if I am still a student?
Competition in the job market is becoming increasingly fierce and UDEM offers you a resource to stand up to that competition. Enterprising is both a profession and a vocation.
UDEM students who have some business at CIDEM earn, on average, three times as much as a fresh graduate. Additionally, not only do they acquire all the technical knowledge of their degree program, but they also learn how to become well-rounded entrepreneurs.
Having all financial, legal, marketing, and logistic knowledge of his/her own company, trains the student comprehensively, thus offering high added value to employers.
- Why incubate a business?
Currently, only 20 percent of Pymes in Mexico survive past their third year. CIDEM’s guidance and support in terms of infrastructure when starting the business, which represents the largest expenditure component in this process – give you greater assurance for the survival of your business. Remember, if you have a question, comment, or suggestion, do not hesitate to contact us at the following e-mail account: firstname.lastname@example.org