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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Working Definition
So far we are defining an U.S. tech incubator as follows:
- Type of Company Incubated: Focuses on the development of high-growth, for-profit tech firms
- VC-Backing: Some of its current or potential startups could raise venture capital in the future
- Affiliation: Is for-profit, non-profit, or affiliated with a corporation, academic institution, or the government (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' growth
- Duration: startups do not all stay for the same fixed duration (though there may be a cap on duration)
* This definition will be updated/modified as we determine other characteristics that we want to include!!!
Entrepreneur.com's Definition of an Incubator
According to Entrepreneur.com's definition of an incubator, this term refers to an organization with the following characteristics:
- Purpose: Supports startups entering the beginning stages of building their company;
- Duration: Operates on a more open-ended timeline with a greater focus on the longevity of a startup than the speed of its growth;
- Application Process: Generally has a less selective, competitive admissions process than an accelerator;
- Resources: Provides firms with workspace, mentorship, and other resources to support the companies' growth;
- Investment in Startups: Generally does not take an equity stake in the companies they support.
