Defining Incubators
| Defining Incubators | |
|---|---|
| Project Information | |
| Has title | Defining Incubators |
| Has start date | |
| Has deadline date | |
| 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.
