Questions and answers
Here we have collected questions and answers about how it works at BIC Factory. Do not hesitate to contact us if there is anything else you’d like to know!
WHAT DOES IT COST TO JOIN BIC?
It costs between SEK 1,680 and SEK 2,240 per month, excluding VAT.
WHO CAN APPLY TO JOIN BIC?
Vår målgrupp är unga företagare, kvinnor och män, upp till 40 år som nyligen startat, eller är på gång att starta företag i Umeå. Vi ser gärna att du fyllt 18 år och är klar med gymnasiestudierna, men du kan självklart alltid kontakta oss om du behöver ”bolla din idé” och hur du ska ta den vidare.
WHAT IS INCLUDED WHEN I JOIN BIC?
You get a fully furnished office space for two people in a creative environment, business coaching tailored to your needs, lectures and workshops, access to a strong network, and membership to a community of entrepreneurs. Additionally, you have unrestricted access to reliable WIFI, meeting spaces, printing facilities, and coffee machines to help you stay focused on growing your business.
WHAT IS THE DIFFERENCE BETWEEN BIC AND A CO-WORKING SPACE?
The biggest difference is the help you get to develop and grow your startup. You are accepted to join us because we believe in you and your business idea, so at BIC Factory, you get two years of office space plus coaching and guidance adapted to your needs. A co-working space can be a good solution when you emerge from our incubator and set up an office of your own.
HOW LONG CAN A COMPANY STAY WITH YOU?
You can be with us for two years. After that time, the idea is that you can stand on your own two feet and grow your company independently.
HOW DO I APPLY TO JOIN BIC?
Answer the questions in this form. We will contact you and start the application process.
CAN I HAVE A SIDE JOB?
Yes, of course you can have extra work on the side, but we are happy to see that you can set aside at least 60 % of your time to develop your company, with the goal of eventually reducing the extra job and investing full time in the company.
CAN I GET FUNDING TO START MY BUSINESS?
Visit the Swedish Public Employment Service´s website to learn if you are eligible to apply for a startup grant.
WHAT DOES BIC FACTORY MEAN?
Förkortningen BIC står för Business Innovation Centre, man kan likna oss och namnet med en slags ”företagsfabrik”.
HOW DO I START A BUSINESS?
On Verksamt's website, there are many informational resources and tips on starting a business.
WHICH INDUSTRIES ARE WE TARGETING?
We welcome companies in all industries.
DO I DARE TELL YOU ABOUT MY BUSINESS IDEA?
Absolutely! We guarantee complete confidentiality, so you can feel safe telling us your idea and your business plans. The same principle applies when you are accepted to join BIC, as all BIC contractors sign a confidentiality agreement.
WHAT IS AN INCUBATOR?
A business incubator is an organization that promotes and facilitates the journey taken by startups to grow profitable companies. The incubator's main task is to offer business support and access to a strong network. In many cases, business development support combines with services such as the rental of operational premises.
