Innovations Into Success Summer 2016 | Page 169

The Orbit Business Centre

Location Rhydycar Business Park Rhydycar Merthyr Tydfil CF48 1DL
Contact Details Contact : Lance Whiteley Job title : Manager Email : lance . whitely @ merthyr . gov . uk Website : www . merthyr . gov . uk
Introduction Orbit Business Centre is a Business Incubator which works with selected companies over a given period to improve their chances of success and accelerate their growth .
An Incubated business can reside within Orbit Business Centre for up to three years when the business has grown according to its objectives . For the ‘ Orbit Zone ’ { warm-desking area ), the minimum term for occupation is oneI month and the maximum term will be one year .
An Orbit Zone company can apply during or after the one year period for acceptance into the main incubation office space . Targets / objectives will be set with the business at entry stage which will be formally reviewed on a regular basis .
The entrance policy requires that businesses are :
• two years old or less . Some businesses operating longer than this may be permitted if the business is going in an entirely new direction ; or the business is new to Wales
• genuine spin-outs of an existing enterprise with potential for growth into a sustainable company .
• capable of job creation and that the owner should be have the drive and flair to ensure the business will succeed and
• fit with the culture and aspirations of Orbit and is likely to make a significant long-term contribution to the economy of Merthyr Tydfil and Wales .
Wales • Associate Member UKSPA Directory 2016 / 17 167