Changes

https://manufacturing.gppcpa.com/enewsletters/article/how-manufacturing-incubators-are-moving-manufacturing-into-the-21st-century/

Business concept that was first developed in the 1950s.

Usually, incubators offer a stable place to develop business concepts (office space, ability to network) along with infrastructure to turn these concepts into reality

Typically associated with technology firms.

Require more expensive, different resources (in comparison to technology startups.) This include tools, machinery, etc(shared so they're affrodable).

Decline in manufacturing jobs in the U.S. in the last several decades.

Benefits - (1) access to common tools and infrastructure (2) collaboration and idea sharing (3) networking (4) business infrastructure

Gaining manufacturing jobs in the U.S. from foreign countries. This is partly due to rising wages in China and India and partly due to new technologies. Result is increased demand for those manufacturing incubators.

http://www.chicagotribune.com/business/ct-industrial-incubator-0210-biz-20150209-story.html

Charges $8-$11 per square foot rent (less than price for comparable space in its neighborhood.)

New manufacturing incubator called mHub. Their website is very cool and organized. https://mhubchicago.com/

63,000 square-foot

10 fabrication labs equipped with a 3D-printing lab, electronics labs, plastic molding, textiles,welding and grinding, wood shop, and wet lab.

partner with business accelerator programs, venture capitalists, engineering and product development consultancies, and universities