History of Google Google's original homepage had a simple design because the company founders had little experience in HTMLthe markup language used for designing web pages. Craig Silversteina fellow PhD student at Stanford, was hired as the first employee. He rejected the offer. Reasons ranged from shareholder pressure for employee benefit reductions to the fact that many company executives would become instant paper millionaires.
Nanotechnology Media More than half of all business incubation programs are "mixed-use" projects, meaning they work with clients from a variety of industries. Bioincubators specialize in supporting life science -based startup companies.
Entrepreneurs with feasible projects in life sciences are selected and admitted for these programs. Overview[ edit ] The incubation process[ edit ] Unlike many business assistance programs, business incubators do not serve any and all companies.
Entrepreneurs who wish to enter a business incubation program must apply for admission. Acceptance criteria vary from program to program, but in general only those with feasible business ideas and a workable business plan are admitted.
More than half of incubation programs surveyed by the National Business Incubation Association  in reported that they also served affiliate or virtual clients. Affiliate clients may be home-based businesses or early-stage companies that have their own premises but can benefit from incubator services.
Virtual clients may be too remote from an incubation facility to participate on site, and so receive counseling and other assistance electronically.
The amount of time a company spends in an incubation program can vary widely depending on a number of factors, including the type of business and the entrepreneur's level of business expertise. Life science and other firms with long research and development cycles require more time in an incubation program than manufacturing or service companies that can immediately produce and bring a product or service to market.
On average, incubator clients spend 33 months in a program. Goals and sponsors[ edit ] Business incubation has been identified as a means of meeting a variety of economic and socioeconomic policy needs, which may include job creation, fostering a community's entrepreneurial climate, technology commercialization, diversifying local economies, building or accelerating growth of local industry clusters, business creation and retention, encouraging women or minority entrepreneurship, identifying potential spin-in or spin-out business opportunities, or community revitalization.
In the United States, however, most incubation programs are independent, community-based and resourced projects. Economic Development Administration is a frequent source of funds for developing incubation programs, but once a program is open and operational it typically receives no federal funding; few states offer centralized incubator funding.
The updated version of Socrates supports incubators by enabling users with technology-based facts about the marketplace, competitor maneuvers, potential partners, and technology paths to achieve competitive advantage.
Michael Sekora, the original creator and director of Socrates says that a key purpose of Socrates is to assist government economic planners in addressing the economic and socioeconomic issues see above with unprecedented speed, efficiency and agility.
In the wake of the dot-com busthowever, many of those programs closed. Startup studio Incubators often aggregate themselves into networks which are used to share good practices and new methodologies. This network focuses on internationalizing startups. Of incubators across Europe, are situated in Germany.And it is important to find an incubator that is the best fit for your business.
Other good sources for finding an incubator include state and local economic development departments, as well as. The CAIP is a million, 5-year, non-repayable contribution program aimed at establishing a critical mass of outstanding business incubators and accelerators that can develop innovative, high-growth firms, which themselves represent superior early-stage investment opportunities.
The chart. Explore Our Programs. An academic major is your main business field of specialization. At the College of Business Administration we offer majors in accounting, business management, computer information systems, economics, entrepreneurship, finance, general business, human resource management, managerial marketing and marketing.
The ODU Institute for Innovation & Entrepreneurship (IIE) serves as a business-friendly entry point through which local startups, businesses, and organizations can engage the intellectual capital, world-class infrastructure, and cutting-edge technologies of ODU..
IIE supports local economic development to promote a thriving entrepreneurial environment. The Greater Scranton Chamber of Commerce, facilitates an incubator program designed to help you succeed in today’s business climate. No matter your goal, we work in collaboration with you to match your venture to a program or mentor that fosters job creation and .
Entrepreneurs who wish to enter a business incubation program must apply for admission. but in general only those with feasible business ideas and a workable business plan are admitted. Technology Business Incubator TBI-NITC; Naiot Venture Accelerator; St John's Innovation Centre;.