Entrepreneurs are busy developing some of the technologies that will lead the way. As their small companies work to improve the future of humanity, they will need the support of clean tech incubators well versed in the intricacies of sustainable business development.
Business Incubation was first introduced in 1959 by Joseph Mancuso upon taking management of a warehouse in New York.
Ironically, one of the early participants in his shared business space was a poultry company and this is where the name business incubator stems from. Start-up incubators provide work space, prototyping facilities, subject specialists, contact with investors, legal services, definition of target markets, and overall, a nurturing environment for business growth. Companies that participate in start-up incubators are significantly more likely to be profitable in the long run than those who go it alone. Incubator graduates have an 80% chance of being profitable in two years and still in business in five years.
To read the full, original article click on this link: How Incubators Will Help Start-Ups Lead the Clean Tech Revolution
