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Defining Incubators (view source)
Revision as of 13:41, 21 September 2020
, 13:41, 21 September 2020no edit summary
{{Project
|Has project output=Content,How-to
|Has sponsor=Kauffman Incubator Project
|Has title=Defining Incubators
|Has owner=Anne Freeman, Libby Bassini,
}}
[[Category:Project Component]]
==Introduction==
The objective of this project is to come up with an objective definition of a high-tech high-growth incubator. As such, this project is related to our efforts to [[Formulate baseline attributes]] of incubators.
==Working Definition==
[[:Incubator Definition Based on a Review of Definitions in the Literature]]
[[:Accelerator Definition Based on a Review of Definitions in the Literature]]
[[:Hub Definition Based on a Review of Definitions in the Literature]]
So far we are defining an U.S. tech incubator as follows:
''*'' This definition will be updated/modified as we determine other characteristics that we want to include!!!
==Characteristics Generally Used to Differentiate an Incubator from an Accelerator==
#''Duration:'' Startups at an incubator generally do not all stay for the same fixed duration; Incubator does not have a fixed graduation date for its startups or has a program that lasts longer than one year
#''Investment:'' Incubator does not invest directly in the company or take equity in its startups
#''Cohorts:'' Incubator does not have limited-duration programs that ventures enter and exit in groups, known as cohorts or batches.[https://www.mitpressjournals.org/doi/pdf/10.1162/INOV_a_00184/ 1]
#''Application Process:'' Generally has a less selective, competitive admissions process than an accelerator
'''Sources:'''
[[:Incubator Definition Based on a Review of Definitions in the Literature]]
[[:Accelerator Definition Based on a Review of Definitions in the Literature]]
[[:Hub Definition Based on a Review of Definitions in the Literature]]
==Entrepreneur.com's Definition of an Incubator==
==Small Business Administration Definition of an Incubator==
According to an academic paper titled, [https://www.sba.gov/sites/default/files/rs425-Innovation-Accelerators-Report-FINAL.pdf ''Innovation Accelerators: Defining Characteristics Among Startup Assistance Organizations''], written for the SBA, this term refers to an organization with the following characteristics (pg. 10):
#''Investment:'' Generally, does not take equity and does not invest directly in the company
[[File:VennDiagram.png| frameless|Venn Diagram of incubators and accelerators]] Venn Diagram from pg.14 shows overlap and distinct qualities of incubators and accelerators
==National Business Incubation Association Definition of an Incubator==
Based on the academic paper titled, [https://inbia.org/wp-content/uploads/2016/09/InBIA-Industry-Terms.pdf?x84587 ''Operational Definitions: Entrepreneurship Centers''], NBIA defines an incubator as follows:
#''Investment:'' charge membership fees or monthly fees in exchange for office space and access to the incubator program services
#''Services:'' mentoring, training/education, networking opportunities within local community
#''Application Process:'' companies apply and are selected based on incubator's stated criteria/mission statement
#''Graduation:'' incubators have stated graduation policies based on milestones, growth metrics, or time
#''Duration:'' companies may join incubators on a rolling basis and can reside in incubator on a flexible timeline, typically 1-3 years
