Friday, May 1, 2009

Creating Business Incubators

During one the Peekskill Charette Sessions, the subject of creating business incubators came up.
The following article link by Martin Zwilling is a good read on this topic.

Business incubators were all the rage back in the days of the dot-com bubble (700 for profit, many more non-profit). Then they turned into cash incinerators about the time the bubble burst, and more than 80% of them disappeared. Now they are coming back, but I find that most startup founders don’t even know what they are.By way of a definition, a business or startup incubator is a company, university, or other organization which provides resources to nurture young companies, helping them to survive and grow during the startup period when they are most vulnerable. The goal of all business incubators is to produce healthy firms that create jobs and wealth, strengthen the economy, commercialize new technologies and revitalize communities.....

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