Defining Incubators

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Defining Incubators
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Has title Defining Incubators
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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. Type of Company Incubated: 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.

    • This definition will be updated/modified as we determine other characteristics that we want to include in this definition.