Business Models Of Incubators And Accelerators - 1094 Words

As mentioned above, the explosion of incubators and accelerators has led to different ways these organisations operate. In this section, we will take a closer look at the different business models of incubators and accelerators. Four common business models While there are a number of different ways an incubator or an accelerator can set up, there’s a tendency to follow one of these four common approached. Each model has its own benefits, as well as disadvantages, and they target different sort of industries. The four models are often associated with Rahul Patwardan’s book Best Practices for Managing Incubators. Below is a short summary of each model. Local economic development incubators As the name suggests, local economic development incubators target small businesses, often working in the service or craft industry. It can spring larger businesses as well, but this doesn’t necessarily happen on purpose. These incubators and provide different services from hosting to administrative tasks. They also provide different consulting and coaching options, as well as help the businesses to gain access to financing. The incubators don’t often provide direct financing, but rather help businesses access outside financing. These local incubators tend to relatively small and can often have problems with the stability of resources. In certain instances, the quality of services can also be hindered. Academic and scientific incubators Academic and scientific incubators are quiteShow MoreRelatedNetworked Incubators: Hothouses of the New Economy1324 Words   |  5 Pagesï » ¿Networking: Networked incubators: Hothouses of the new economy The Harvard Business Review case study Networked incubators: Hothouses of the new economy was clearly written during the heady days of the dot.com revolution. 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