Business & Talent Building: Problems With Incubators, and How to Solve Them | Talent and Performance Development | Scoop.it

"Financing isn't success, and office space isn't value...  there are over 7,500 business incubators around the world. Most of them fail."



The first business incubator in the U.S. opened in 1959 and is still operating. In the last couple of years, we have seen a renaissance in the incubator business. Pioneered by YCombinator, Silicon Valley's flagship incubator led by Paul Graham, incubators have come back with a vengeance.


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...incubators ...need to overcome two pitfalls: they need to provide real value, not just office space, and they need to measure success in more than just outside funding.

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YCombinator has seen some significant successes...[and] has fueled ...an incubator bubble.... Incubator are now a global phenomenon, and there isn't a major city in the world where an incubator isn't cropping up.


For incubators to live up to their full economic potential, they need to overcome two pitfalls: they need to provide real value, not just office space, and they need to measure success in more than just outside funding.