Features October 2017

Diversity of Incubation


Written By: STAFF

The days of the term incubator being synonymous with tech companies are long behind us. While formerly a very technologically driven industry, the International Business Innovation Association has reported that, of the 1,500 plus incubators that can be found in the country, a vastly increasing number of new incubators have entered the scene gearing their focus on business development in non-traditional areas. From culinary to art and design, incubators all over the world are diversifying their portfolios to include even the smallest of industries.

 

 

 

 

 

 

  • Companies nurtured in a business incubator have a survival rate of 87% compared with 44% for unassisted enterprises
  • 70% of small businesses receiving monitoring services survive for 5 years or more
  • Typically, 30% of incubator clients graduate each year
  • Florida Business Incubation Association recognizes more than 70 organizations throughout Florida as instrumental in incubating small businesses
  • There are 13 incubators and co-work spaces found in Greater Gainesville
  • 35 culinary incubators in the U.S.
  • 45+ art and design incubators in the U.S.
  • As of 2016, there was 1 outdoor industry incubator in the country
  • 65 U.S. incubators serving biotechnology and pharmaceutical startups
  • Other areas of vast growth lie in music, social enterprise and green energy incubation

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