My Business, My Baby! Business Incubators.
Check out the latest KIP Business Report. This issue’s cover story is about business incubators in urban centers. Business incubators often function as training wheels for fledgling businesses by offering shared support services (e.g., secretarial services, copying, office space/conference rooms, accounting & legal services) and may counsel their partner businesses toward greater success with the ultimate goal of leaving the incubator through self-sufficiency. Some incubators, like idealab! may even take a partial equity stake in the business in exchange for venture capital or professional services while assisting the concern with growth that it could not have achieved alone. For a wealth of resources on business incubators, including starting an incubator as a business unto itself, visit the National Business Incubation Association. (NBIA)