Wednesday, May 13, 2009

Entrepreneur: A New Take on Incubators

Today's incubators provide cutting-edge support for your startup

By Dennis Romero

Business incubators--organizations that help entrepreneurs get off the ground through mentoring, funding and facilities--have been around since the 1950s. At the turn of the millennium, for-profit incubators were a hot commodity until they deflated with the dotcom bubble. But this year, despite a down economy, the luster is returning to incubation. President Obama has pledged $250 million a year in federal funds to seed a regional network of such organizations--an effort aimed at growing jobs and innovation. So people are talking about incubators again. (more)

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