Virtual business incubator
Encyclopedia
Business incubator
s began in the 1960s and really took off in the late 1990s as support for startup companies
who need advice and venture capital to get their ideas off the ground. As the dot-com bubble
burst, many high-tech business incubators did so too. Now the model of a business incubator is changing. Several of the incubator companies who survived the dot-com bubble switched to a virtual model.
The old incubator model required a start up venture to set-up shop at the incubators site. The virtual model, on the other hand, allows a company to garner the advice of an incubator without actually being located at the incubator site. This new model suits those entrepreneurs who need the advice an incubator offers but still want to maintain their own offices, warehouses, etc.
Several state and local governments in the US are working with or creating their own virtual business incubators to attract new business.
One of the recent additions to the virtual business incubator scene is One Million by One Million, a Silicon Valley based global initiative aimed to help a million entrepreneurs reach a million dollars in annual revenue and beyond, thereby establishing a framework for Capitalism 2.0 .
Business incubator
Business incubators are programs designed to accelerate the successful development of entrepreneurial companies through an array of business support resources and services, developed and orchestrated by incubator management and offered both in the incubator and through its network of contacts...
s began in the 1960s and really took off in the late 1990s as support for startup companies
Startup company
A startup company or startup is a company with a limited operating history. These companies, generally newly created, are in a phase of development and research for markets...
who need advice and venture capital to get their ideas off the ground. As the dot-com bubble
Dot-com bubble
The dot-com bubble was a speculative bubble covering roughly 1995–2000 during which stock markets in industrialized nations saw their equity value rise rapidly from growth in the more...
burst, many high-tech business incubators did so too. Now the model of a business incubator is changing. Several of the incubator companies who survived the dot-com bubble switched to a virtual model.
The old incubator model required a start up venture to set-up shop at the incubators site. The virtual model, on the other hand, allows a company to garner the advice of an incubator without actually being located at the incubator site. This new model suits those entrepreneurs who need the advice an incubator offers but still want to maintain their own offices, warehouses, etc.
Several state and local governments in the US are working with or creating their own virtual business incubators to attract new business.
One of the recent additions to the virtual business incubator scene is One Million by One Million, a Silicon Valley based global initiative aimed to help a million entrepreneurs reach a million dollars in annual revenue and beyond, thereby establishing a framework for Capitalism 2.0 .