ERIC Number: ED433469
Record Type: Non-Journal
Publication Date: 1997-Apr-29
Reference Count: N/A
Business Incubators: A Review. Digest Number 97-4.
A business incubator is an organization of services designed to nurture new businesses. Services that can be offered include management assistance, access to financing, business or technical support services, and shared office services. In 1997, 550 incubators served more than 13,000 clients, affiliates, and graduates. More than 80 percent of the businesses that have graduated from an incubator are still in existence. State governments have begun to support more business incubators in order to foster local economic development, although state support has not kept pace with the increase in incubators. Business incubators generate revenue beyond that directly created by the businesses that participate. Starting a business incubator requires careful planning, including a feasibility study, followed by facility renovation, and business development. Maturity of the business incubator is heralded by greater demand of tenants than the incubator's supply of space and the provision of comprehensive and sophisticated business assistance services. (KC)
Descriptors: Adults, Business Administration, Business Education, Economic Development, Entrepreneurship, Planning, Small Businesses
CELCEE, Kauffman Center for Entrepreneurial Leadership, 4801 Rockhill Road, Kansas City, MO 64110-2046. Tel: 888-423-5233 (Toll Free). For full text:
Publication Type: Information Analyses
Education Level: N/A
Authoring Institution: Ewing Marion Kauffman Foundation, Kansas City, MO. Center for Entrepreneurial Leadership.