A business incubator is a company that helps new and startup companies to develop by providing services such as management training or office space. The National Business Incubation Association (NBIA) defines business incubators as a catalyst tool for either regional or national economic development. NBIA categorizes its members' incubators by the following five incubator types: academic institutions; non-profit development corporations; for-profit property development ventures; venture capital firms, and a combination of the above.
Business incubators differ from research and technology parks in their dedication to startup and early-stage companies. Research and technology parks, on the other hand, tend to be large-scale projects that house everything from corporate, government, or university labs to very small companies. Most research and technology parks do not offer business assistance services, which are the hallmark of a business incubation program. However, many research and technology parks house incubation programs.
Incubators also differ from the U.S. Small Business Administration's Small Business Development Centers (and similar business support programs) in that they serve only selected clients. Congress created the Small Business Administration in the Small Business Act of July 30, 1953. Its purpose is to "aid, counsel, assist and protect, insofar as is possible, the interests of small business concerns." In addition, the charter ensures that small businesses receive a "fair proportion" of any government contracts and sales of surplus property. SBDCs work with any small business at any stage of development, not only startup companies. Many business incubation programs partner with their local SBDC to create a "one-stop-shop" for entrepreneurial support.[5]
Within European Union countries there are different EU and state-funded programs that offer support in the form of consulting, mentoring, prototype creation, and other services and co-funding for them. TecHub is one of the examples of IT companies and ideas.
In India, the business incubators are promoted in a varied fashion: as Technology Business Incubators (TBI) and as Startup Incubators—the first deals with technology business (mostly, consultancy and promoting technology-related businesses) and the later deals with promoting startups (with more emphasis on establishing new companies, scaling the businesses, prototyping, patenting, and so forth). The mission on creating specific innovations among the young minds of researchers via. 101 specialized incubators have been boosted in various parts of India through AIM-India. For instance, AIC-IIITKottayam, a Startup-based Incubator, specializes in IoT Cloud research jointly with world-class incubators from Germany, the US, Austria, Technologies virtual world...
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What is cloud computing? How does it work? The term “cloud” when talking about technology or computing, is not new. In simple terms, ‘cloud’ is a metaphor for the Internet. In fact, cloud symbols are repeatedly used to depict the Internet on diagrams. If you think of the Internet as a virtual ‘space’ that connects users from all over the globe, it is like a cloud. It shares information by the way of networks.
So, if we go back to the question of what cloud computing actually is, it refers to sharing resources, software and information through a network. In this case, via ‘the Internet’ or more correctly, an Internet connection. Information and data is stored on physical or virtual servers, which are maintained and controlled by a cloud computing provider, such as Amazon and their AWS product. As a personal or business cloud computing user, you access your stored information on the ‘cloud’, via an Internet connection.
Cloud computing can mean many different things these days, but there’s three main categories of cloud computing services. You might have heard about these or use them already; Software as a Service (SaaS), for example – Microsoft 365, Platform as a Service (PaaS), example – salesforce.com and Infrastructure as a Service (IaaS), example – Rackspace.
‘The Cloud’ Covers Many Different Technologies Today
There has been a significant evolution in the way in which we save, store and access data. And particularly, the scale with nosql databases shows no signs of stopping expansion. You no longer need to save documents on one particular device. You can access personal files and data from anywhere with a solid Internet service connection, at any time. That’s all because of cloud technology. The cloud storage market spoils you for choice too.
A variety of cloud storage providers are available, many of which offer free storage space. Out with file saving on floppy disks, CDs and even USB flash drives, in with cloud storage providers such as Dropbox, Box.com and Backblaze. (Sites like Cloudwards allows you to compare a range of different cloud storage providers in one place).
Physical servers are now virtual via cloud computing
Via an Internet service connection, cloud storage works by enabling users access and to download data on any chosen device, such as a laptop, tablet or smartphone. Cloud storage users can also edit documents simultaneously with other users as well, making it easier to work away from the office. Depending on specific needs, prices vary for cloud storage. As an individual user, you can usually get initial amounts of cloud storage for free – such as 5GB with Apple iCloud, which previously dealt with some highly publicized cloud security issues. You have to pay a fee for additional storage. Common price models include monthly or yearly rates, depending on the services you are using.
Other cloud based services include cloud hosting and servers, offered by companies such as Rackspace. You can see PaaS in action with the Fastmetrics cloud phone service, which offers a cloud PBX phone system, hosted securely in the cloud. Another example is this server for free video conference calls, for anyone from anywhere, without the use of software.
To understand the workings of a cloud system, it is easier to divide it into two sections: the front end and the back end. They are connected to each other through a network, usually the Internet. The front end is the side of the computer user or client. The back end is ‘the cloud’ section of the system.
The front end consists of the client’s computer or computer network. Also the application essential to access the cloud system. It is not necessary that all cloud computing systems have the same user interface. On the back end of the cloud technology system, there are various computers, servers and data storage systems that make up the cloud. A cloud computing system could potentially include any computer program, from data processing to video games. Generally, each application will have its own dedicated server.
Large companies often require hundreds of digital storage devices. Cloud computing systems need at least twice the number of storage devices to keep client information stored. That’s because these devices occasionally break down. A cloud system makes copies of clients’ information, to store it on other devices. This method of making copies of data as a backup is called redundancy. Read about 7 cloud computing security risks in detail, by clicking on the link highlighted.
A central server manages the cloud system. It’s purpose is to manage traffic and client demands to ensure everything runs smoothly. It pursues a set of rules called protocols and uses a special kind of software known as middle ware. Middle ware permits networked computers to communicate with each other.
If the cloud service provider or cloud technology company has multiple clients, there’s likely to be a high demand for storage space. It’s possible to ‘fool’ a physical server into thinking that it’s actually multiple servers, each running it’s own independent operating system. This technique is known as server virtualization, which reduces the need for physical machines. This method maximizes the output of individual servers.
So there we have it – a very short look at what cloud computing involves and how it works. Also some use cases and risks for this rapidly growing technology, referred to broadly as ‘the cloud’.
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