Difference between revisions of "Defining Incubators"

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==''Common Definition of an Incubator''==
 
==''Common Definition of an Incubator''==
-An incubator generally refers to an organization with the following characteristics:  
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-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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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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1. ''Purpose:'' supports startups entering the beginning stages of building their company;  
3. Application process: Generally more selective, competitive admission process;  
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4. Resources: Provides firms with workspace, mentorship, and other resources;  
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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;  
5. Funding for Startups: Generally does not take an equity stake in the companies they support. [https://www.entrepreneur.com/article/294798/ More information]
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3. ''Application Process:'' Generally less selective, competitive admission process than for an accelerator;  
 +
 
 +
4. ''Resources:'' Provides firms with workspace, mentorship, and other resources;
 +
 +
5. ''Investment in Startups:'' Generally does not take an equity stake in the companies they support. [https://www.entrepreneur.com/article/294798/ More information]
  
 
==''Our Definition of an Incubator & its Characteristics''==
 
==''Our Definition of an Incubator & its Characteristics''==
 
-An incubator for this project refers to an organization with the following characteristics: 1. Focuses on accelerating the development of high-growth, for-profit tech firms; 2. Affiliated with a corporation, academic institution, or for-profit organization; 3. Located in the US; 4. Current or potential VC funding for its startups.
 
-An incubator for this project refers to an organization with the following characteristics: 1. Focuses on accelerating the development of high-growth, for-profit tech firms; 2. Affiliated with a corporation, academic institution, or for-profit organization; 3. Located in the US; 4. Current or potential VC funding for its startups.

Revision as of 14:41, 21 March 2019


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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: operate 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;

4. Resources: Provides firms with workspace, mentorship, and other resources;

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 refers to an organization with the following characteristics: 1. Focuses on accelerating the development of high-growth, for-profit tech firms; 2. Affiliated with a corporation, academic institution, or for-profit organization; 3. Located in the US; 4. Current or potential VC funding for its startups.