Changes

='''Incubator Definitions'''=Working Definition==

==So far we are defining an U.S. tech incubator as follows:  #''Type of Company Incubated:''Common Definition Focuses on the development of an Incubatorhigh-growth, for-profit tech firms#''VC-Backing:''==Some of its current or potential startups could raise venture capital in the future#''Affiliation:'' Is for-An incubator generally refers to an organization profit, non-profit, or affiliated with a corporation, academic institution, or the following characteristicsgovernment (or some combination thereof) #''Location:'' Located in the US and has a physical premises #''Services:'' Provides workspace, mentorship, and other resources to support the companies' growth1. #''PurposeDuration:'' Supports startups entering do not all stay for the beginning stages of building their company; same fixed duration (though there may be a cap on duration)

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; This definition will be updated/modified as we determine other characteristics that we want to include!!!

3==Entrepreneur. com''Application Process:'' Generally has a less selective, competitive admissions process than s Definition of an accelerator; Incubator==

4According to [https://www.entrepreneur. com/article/294798/ Entrepreneur.com''Resources:'' Provides firms with workspace, mentorships definition of an incubator], and other resources this term refers to support an organization with the companies' growth;following characteristics:

5. #''Investment in StartupsPurpose:'' Generally does not take an equity stake in Supports startups entering the companies they support. [https://www.entrepreneur.com/article/294798/ More information]beginning stages of building their company; ==#''Our Definition of an Incubator & its Characteristics*Duration:''==Operates on a more open-An incubator for this project shares the characteristics outlined above, but, in addition, has ended timeline with a greater focus on the following attributes:  1. ''Type longevity of Company Incubated:'' Focuses on accelerating a startup than the development speed of high-its growth, for-profit tech firms;  2. #''AffiliationApplication Process:'' Affiliated with Generally has a corporationless selective, academic institution, or for-profit organizationcompetitive admissions process than an accelerator;  3. #''LocationResources:'' Located in Provides firms with workspace, mentorship, and other resources to support the UScompanies' growth;  4. #''VC-BackingInvestment in Startups:'' Current or potential VC funding for its startups. ''*'' This definition will be updated/modified as we determine other characteristics that we want to include Generally does not take an equity stake in this definitionthe companies they support.