Embed Size (px)
Citation preview
Copyright 2005 National Business Incubation Association
Helps entrepreneurial companies grow by providing targeted business support and resources
Business Incubation
Copyright 2005 National Business Incubation Association
Incubation Works500,000 jobs created by incubator companies since 1980
50 incubator graduate jobs = 25 more community jobs
Sources: Business Incubation Works, University of Michigan, NBIA, Ohio University and Southern Technology Council, 1997; 2002 State of the Business Incubation Industry, Sally Linder/NBIA, 2003.
Copyright 2005 National Business Incubation Association
The Incubation Difference
=
+ +
Copyright 2005 National Business Incubation Association
1959: First U.S. incubator founded in Batavia, N.Y.
1985: National Business Incubation Association founded with 40 members
2005: 5,000 incubators worldwide; 1,500 NBIA members
History of Incubation
Copyright 2005 National Business Incubation Association
What Incubators Offer
Help with financing
Help with business basics
Networking activities
Shared equipment & services
Marketing assistance
Copyright 2005 National Business Incubation Association
Incubator StaffAn incubator manager may have experience…
In business consulting or development
In marketing and sales
As an entrepreneur
Copyright 2005 National Business Incubation Association
An Incubator Clientmight be…
a scientist with a new technology
a home-based business owner ready to expand
a serial entrepreneur launching a new start-up company
Copyright 2005 National Business Incubation Association
Mixed Use (47%)
Technology (37%)
Manufacturing (7%)
Service (6%) Specialty (3%)
Types of Incubators
Source: 2002 State of the Business Incubation Industry, Sally Linder/NBIA.
Copyright 2005 National Business Incubation Association
A Mixed-Use Incubator
Birmingham, Ala.Opened 1986Facility: 48,000 square feet20 clients (mid-2005)2004 sales: $127.2 million (clients and graduates)
Copyright 2005 National Business Incubation Association
A Technology IncubatorMontreal, QuebecOpened 1986Facility: 28,000 square feet8 clients, 13 graduates2004 sales: $26.5 million (clients & graduates)
Copyright 2005 National Business Incubation Association
A Specialty Incubator
Annapolis, Md.Opened 2003Facility: 24,000 square feet17 clients (mid-2005)
Copyright 2005 National Business Incubation Association
Incubator SponsorsEducational Institutions
Government Entities
Economic Development Organizations
Source: 2002 State of the Business Incubation Industry, Sally Linder/NBIA.
Copyright 2005 National Business Incubation Association
A Good Investment$1 public investment in incubator = $30 in local tax revenue
84% of graduates stay in community
Public incubator jobs @ $1,100Other public jobs created @ $4,570
Source: Business Incubation Works, University of Michigan, NBIA, Ohio University and Southern Technology Council, 1997; "Cost Per Job Associated with EDA Investments in Urban and Rural Areas," Amy K. Glasmeier, The Pennsylvania State University, 2002.
Copyright 2005 National Business Incubation Association
Incubation Successes
Copyright 2005 National Business Incubation Association
Incubation Successes
Columbia, Md.1986 incubator graduate607 employees$184.5 million in 2004 revenues
Copyright 2005 National Business Incubation Association
Incubation Successes
Bethlehem, Pa.1992 incubator graduate201 employees$54 million in 2004 revenues
Copyright 2005 National Business Incubation Association
Incubation Successes
Baton Rouge, La.1992 incubator graduate16 employees$2 million in 2004 revenues
Copyright 2005 National Business Incubation Association
About NBIAAnnual conference draws 600+ incubation professionals worldwideQuantifying incubation successes and compiling best practicesWorld’s leading incubation publisher
Advises governments and corporations on business incubation strategies
Copyright 2005 National Business Incubation Association
For More InformationVisit
www.nbia.org
