Who sponsors business incubators?
Incubator sponsors – organizations or individuals who support an incubation program financially – may serve as an incubator’s parent or host organization or may simply make financial contributions to the incubator. • About 31 percent of North American business incubators are sponsored by economic development organizations. • 21 percent are sponsored by government entities. • 20 percent are sponsored by academic institutions. • 8 percent are sponsored by other types of organizations. • 8 percent of business incubators are “hybrids” with more than one sponsor. • 4 percent are sponsored by for-profit entities. • 8 percent of incubators have no sponsor or host organization. Source: 2006 State of the Business Incubation Industry What makes a business incubator successful? To lay the groundwork for a successful incubation program, incubator developers must first invest time and money in a feasibility study. An effective feasibility study will help determine whether the proposed project has a
Incubator sponsors — organizations or individuals who support an incubation program financially — may serve as an incubator’s parent or host organization or may simply make financial contributions to the incubator. • About 31 percent of North American business incubators are sponsored by economic development organizations. • 21 percent are sponsored by government entities. • 20 percent are sponsored by academic institutions. • 8 percent are sponsored by other types of organizations. • 8 percent of business incubators are “hybrids†with more than one sponsor. • 4 percent are sponsored by for-profit entities. • 8 percent of incubators have no sponsor or host organization.
