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Revision as of 13:57, 11 June 2021

A Business Incubator is an organization designed to accelerate the growth and success of entrepreneurial companies through an array of business support resources and services that could include physical space, capital, coaching, common services, and networking connections. Incubators provide numerous benefits to owners of startup businesses. Their office and manufacturing space is offered at below-market rates, and their staff supplies advice and much-needed expertise in developing business and marketing plans as well as helping to fund fledgling businesses. Companies typically spend an average of two years in a business incubator, during which time they often share telephone, secretarial office, and production equipment expenses with other startup companies, in an effort to reduce everyone's overhead and operational costs.[1]


Types of Business Incubators[2]
Below are some types of business incubators that have focused on particular industries or on a particular business model, earning them their own name.

  • Virtual business incubator - online business incubator
  • Kitchen incubator - a business incubator focused on the food industry
  • Public incubator - a business incubator focused on the public good
  • Seed accelerator - a business incubator focused on early startups
  • Corporate accelerator - a program of a larger company that acts akin to a seed accerator
  • Startup studio - a business incubator with interacting portfolio companies
  • Venture builder - similar to a startup studio, but builds companies internally


See Also

Business Accelerator
Venture Capital
Private Equity
Business
Business-to-Business (B2B)
Business Application
Business-Driven Development (BDD)
Business-to-Business Gateway
Business-to-Consumer (B2C)
Business Accelerator
Business Activity Monitoring (BAM)
Business Analysis
Business Analytics
Business Application
Business Application Programming Interface (BAPI)
Business Architecture
Business Asset
Business Capability
Business Capability Modeling
Business Ethics
Business Case
Business Centric Methodology (BCM)
Business Continuity Management (BCM)
Business Continuity Plan (BCP)
Business Continuity Planning (BCP)
Business Cycle
Business Diversification
Business Driven Technology
Business Drivers
Business Ecosystem
Business Environment and Internal Control Factors (BEICF)
Business Excellence
Business Expansion
Business Function
Business Function Model
Business IT Alignment
Business Impact Analysis (BIA)
Business Incubator
Business Insurance
Business Integration
Business Intelligence
Business Interruption Insurance
Business Life Cycle
Business Logic
Business Management System (BMS)
Business Model Innovation (BMI)
Business Model for Information Security (BMIS)
Business Motivation Model (BMM)
Business Objects
Business Operations
Business Oriented Architecture (BOA)
Business Mission
Business Vision
Business Model
Business Goals
Business Objective
Corporate Structure
Corporate Social Responsibility (CSR)
Chief Executive Officer (CEO)
IT Strategy (Information Technology Strategy)
IT Governance
Enterprise Architecture
IT Sourcing (Information Technology Sourcing)
IT Operations (Information Technology Operations)


References

  1. What is a Business Incubator? Small Business Encyclopedia
  2. Types of Business Incubators Wikipedia


Further Reading

  • Business Incubation FAQs inbia.org
  • Eight Reasons Startup Incubators Are Better Than Business School forbes
  • The Problems with Incubators, and How to Solve Them hbr.org
  • Business incubator can mean a faster start for your startup USA Today