- Patrick Clark for businessweek.com July 25th, 2013
- Source: http://www.businessweek.com/articles/2013-07-25/do...
In 1980 there were 12 business incubators in the U.S., according to the National Business Incubation Association. As of last October, there were more than 1,250. Those programs come in assorted flavors, but most concentrate on providing office space and services to early-stage companies. Ninety-three percent of U.S. incubators are nonprofits focused on economic development, according to the NBIA. That differentiates them from startup accelerators, which typically seek to profit by investing in participating companies.
Helping to fuel the wide adoption of the incubator model are studies like this one published today by the Polytechnic Institute of New York University.