Difference between revisions of "Defining Incubators"
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-An incubator generally refers to an organization with the following characteristics: | -An incubator generally refers to an organization with the following characteristics: | ||
| − | 1. ''Purpose:'' | + | 1. ''Purpose:'' Supports startups entering the beginning stages of building their company; |
| − | 2. ''Duration:'' | + | 2. ''Duration:'' Operates on a more open-ended timeline with a greater focus on the longevity of a startup than the speed of its growth; |
| − | 3. ''Application Process:'' Generally less selective, competitive | + | 3. ''Application Process:'' Generally has a less selective, competitive admissions process than an accelerator; |
| − | 4. ''Resources:'' Provides firms with workspace, mentorship, and other resources; | + | 4. ''Resources:'' Provides firms with workspace, mentorship, and other resources to support the companies' growth; |
5. ''Investment in Startups:'' Generally does not take an equity stake in the companies they support. [https://www.entrepreneur.com/article/294798/ More information] | 5. ''Investment in Startups:'' Generally does not take an equity stake in the companies they support. [https://www.entrepreneur.com/article/294798/ More information] | ||
Revision as of 14:47, 21 March 2019
| Defining Incubators | |
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| Project Information | |
| Has title | Defining Incubators |
| Has start date | |
| Has deadline date | |
| Has project status | Active |
| Subsumed by: | Ecosystem Organization Classifier |
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Incubator Definitions
Common Definition of an Incubator
-An incubator generally refers to an organization with the following characteristics:
1. Purpose: Supports startups entering the beginning stages of building their company;
2. Duration: Operates on a more open-ended timeline with a greater focus on the longevity of a startup than the speed of its growth;
3. Application Process: Generally has a less selective, competitive admissions process than an accelerator;
4. Resources: Provides firms with workspace, mentorship, and other resources to support the companies' growth;
5. Investment in Startups: Generally does not take an equity stake in the companies they support. More information
Our Definition of an Incubator & its Characteristics
-An incubator for this project shares the characteristics outlined above, but, in addition, has the following attributes:
1. Sector: Focuses on accelerating the development of high-growth, for-profit tech firms;
2. Affiliation: Affiliated with a corporation, academic institution, or for-profit organization;
3. Location: Located in the US;
4. VC-Backing: Current or potential VC funding for its startups.
