What are the different types of business incubators?
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Incubation programs come in many shapes and sizes and serve a variety of communities and markets: • Most North American business incubators (about 94 percent) are nonprofit organizations focused on economic development. About 6 percent of North American incubators are for-profit entities; usually set up to obtain returns on shareholders investments. €¢ • 54 percent are “mixed-use,†assisting a range of early-stage companies.
€¢ • 39 percent focus on technology businesses. €¢ • About 4 percent focus on service businesses, serve niche markets or assist other types of businesses. €¢ 3 percent serve manufacturing firms.
€¢ About 53 percent of business incubators operate in urban areas, 28 percent operate in rural areas and about 19 percent operate in suburban areas. More.
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