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:'' supports startups entering the beginning stages of building their company;  
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1. ''Purpose:'' Supports startups entering the beginning stages of building their company;  
  
2. ''Duration:'' operate on a more open-ended timeline with a greater focus on the longevity of a startup than the speed of its growth;  
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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 admission process than for an accelerator;  
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3. ''Application Process:'' Generally has a less selective, competitive admissions process than an accelerator;  
  
4. ''Resources:'' Provides firms with workspace, mentorship, and other resources;
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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 15:47, 21 March 2019


Project
Defining Incubators
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Project Information
Has title Defining Incubators
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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.