What is YREC?
Yarra Ranges Enterprise Centres Ltd is a not-for-profit organisation, established to support the growth and development of small and micro businesses within the Shire of Yarra Ranges. The entity is managed by Board members with a wide range of business expertise who give their time on a voluntary basis. The aim of Yarra Ranges Enterprise Centres (YREC) is to provide business premises, advice, assistance and a supportive and nurturing environment for new and developing businesses, in order to facilitate their business growth, financial independence, employment potential, and ultimate success. YREC helps those people in the community who have a great business idea, but lack the resources and support to get their business up and running on their own.
What is a Business Incubator?
The Business Incubation process began in the United States in the early sixties, and has been in operation around the world ever since. Experience has shown that the enterprises which undergo this process as part of their development are four times more likely to succeed than similar businesses in the market place. Australia has over 80 Incubators in operation, with some 26 of these in Victoria. Business Incubation has now earned an accepted place in the economic development of the regions in which Incubators operate.