Overview of US incubators and the case of the Austin Technology Incubator

Joel Wiggins, David V. Gibson

International Journal of Entrepreneurship and Innovation Management, 2003, vol. 3, issue 1/2, 56-66

Abstract: Business incubators have a 25-year history in the US. Today, they number more than 800. Most are non-profit entities, many associated with universities. This article provides a general overview of business incubation in the US and provides a case study of the award-winning Austin Technology Incubator whose companies have generated over $1.4 billion in revenues and created some 3,000 jobs. The authors conclude that business incubators must accomplish five tasks well in order to succeed: establish clear metrics for success; provide entrepreneurial leadership; develop and deliver value-added services to member companies; develop a rational new-company selection process; and ensure that member companies gain access to necessary human and financial resources.

Keywords: incubator; accelerator; Austin; technology; business. (search for similar items in EconPapers)
Date: 2003
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Citations: View citations in EconPapers (13)

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