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 Works 500,000 jobs created by incubator companies since 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 Staff An 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 Client might 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 1986 Facility: 48,000 square feet 20 clients (mid-2005) 2004 sales: $127.2 million (clients and graduates)
Copyright 2005 National Business Incubation Association A Technology Incubator Montreal, Quebec Opened 1986 Facility: 28,000 square feet 8 clients, 13 graduates 2004 sales: $26.5 million (clients & graduates)
Copyright 2005 National Business Incubation Association A Specialty Incubator Annapolis, Md. Opened 2003 Facility: 24,000 square feet 17 clients (mid-2005)
Copyright 2005 National Business Incubation Association Incubator Sponsors Educational 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 $1,100 Other public jobs $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 incubator graduate 607 employees $184.5 million in 2004 revenues
Copyright 2005 National Business Incubation Association Incubation Successes Bethlehem, Pa incubator graduate 201 employees $54 million in 2004 revenues
Copyright 2005 National Business Incubation Association Incubation Successes Baton Rouge, La incubator graduate 16 employees $2 million in 2004 revenues
Copyright 2005 National Business Incubation Association About NBIA Annual conference draws 600+ incubation professionals worldwide Quantifying incubation successes and compiling best practices World’s leading incubation publisher Advises governments and corporations on business incubation strategies
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