Incubators, accelerators, co-working spaces, and technology hubs have sprung up all across Africa, all claiming to be the right entity to fuel entrepreneurial activity in their region. This article describes three types of institutions active in the African incubation sector.
Since its origins, business incubation has taken many shapes and forms and the institutions claiming to ‘incubate’ provide varying services, making it difficult to compare them one to another. The term ‘incubator’ in a business sense dates back to the late 1950s and was once used to describe vacant property being subleased to multiple tenants, while providing them with basic business support. As Hackett and Dilts formulated it in their Systematic Review of Business Incubation Research (2004) the baseline for incubators is the “systematic method of providing business assistance to firms in the early stages of their development”.
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