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  • Business Incubation: A Guide to Starting and Growing New Companies

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    Abu Ammar Yasir
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    Business incubation provides favorable conditions to help entrepreneurial companies grow and develop by offering targeted business support and resources. The first U.S. business incubator was founded in 1959, and there are now over 1,400 incubators in the U.S. and 5,000 worldwide. Incubators offer entrepreneurs help with business basics, networking, equipment, facilities, marketing, and financing. They are commonly sponsored by educational institutions, government entities, and economic development organizations and can be mixed-use, technology-focused, manufacturing-focused, service-focused, or specialized.

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    Business Plan

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    Business incubation provides favorable conditions to help entrepreneurial companies grow and develop by offering targeted business support and resources. The first U.S. business incubator was founded in 1959, and there are now over 1,400 incubators in the U.S. and 5,000 worldwide. Incubators offer entrepreneurs help with business basics, networking, equipment, facilities, marketing, and financing. They are commonly sponsored by educational institutions, government entities, and economic development organizations and can be mixed-use, technology-focused, manufacturing-focused, service-focused, or specialized.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
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    4 views9 pages

    Business Incubation: A Guide to Starting and Growing New Companies

    Uploaded by

    Abu Ammar Yasir
    Business incubation provides favorable conditions to help entrepreneurial companies grow and develop by offering targeted business support and resources. The first U.S. business incubator was founded in 1959, and there are now over 1,400 incubators in the U.S. and 5,000 worldwide. Incubators offer entrepreneurs help with business basics, networking, equipment, facilities, marketing, and financing. They are commonly sponsored by educational institutions, government entities, and economic development organizations and can be mixed-use, technology-focused, manufacturing-focused, service-focused, or specialized.

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    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
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    of 9

    Business Incubation

    Lena Bailey

    What is Incubation?

    Webster defines incubate as to maintain favorable conditions so as to cause development. NBIA defines business incubation as an entity to help entrepreneurial companies grow by providing targeted business support and resources.

    History of Incubation

    1959: First U.S. incubator founded in Batavia, N.Y. 1980: Twelve incubators operating in the U.S. 2006: 1,400 incubators in U.S., 5,000 incubators world wide

    What Incubators Offer


    Help with business basics Networking Equipment and Facilities Marketing assistance Help with financing

    Incubator Sponsors

    Educational Institutions Government Entities Economic Development Organizations

    Types of Incubators

    Mixed-use: 47% Technology: 37% Manufacturing: 7% Service: 6% Specialty: 3%

    Source: 2002 State of the Business Incubation Industry, Sally Linder/NBIA

    A Mixed-Use Incubator

    Located in Birmingham, AL Opened in 1986 Facility: 48,000sq. ft.

    Copyright 2005 NBIA

    A Technology Incubator

    Located in Montreal, Quebec Opened in 1986 Facility: 28,000 sq. ft.

    Copyright 2005 NBIA

    A Specialty Incubator

    Located in Annapolis, MD Opened in 2003 Facility: 24,000 sq. ft.

    Copyright 2005 NBIA

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