8 Amazing Facts about Business Incubators
Written By Greg Bullock
Here are EIGHT amazing facts about business incubators and accelerators and the startups companies they support. And if you don't know, now you know...
1. Business incubators have been around for more than 50 years, and there are more than 7,500 worldwide
2. Dropbox and Airbnb are among the famous corporate brands launched in a business incubator
3. The five-year survival rate for incubator clients has been reported from 75% to as high as 87%
4. Coca-Cola, Microsoft and General Electric are among big name corporations who have business incubation/acceleration programs
5. Business incubators can help reduce the costs of launching and operating a startup by 40-50%
6. An estimated 40% of investment-seeking member companies source investment through a direct incubator program connection
7. 54% of incubators are “mixed-use,” assisting a wide range of early-stage companies, while 37% focus on technology businesses
8. More than 150 companies were accepted into Arizona incubators in 2013, and incubated startups raised more than $110 million in private capital
Sources:
Incubating Success, Economic Development Administration
Measuring Value Created by Impact Incubators and Accelerators, I-dev International
Arizona Incubator & Accelerator Survey 2015, Arizona Commerce Authority
The National Business Incubation Association, nbia.org
Are Business Incubators Dead?, Ontraport