Business incubation catalyzes the process of starting and growing companies. A proven model, it provides entrepreneurs with the expertise, networks and tools they need to make their ventures successful. Incubation programs diversify economies, commercialize technologies, create jobs and build wealth. Business incubators create successful companies and reduce the risk of investment.
Business incubators reduce the risk of small business failures.
NBIA member incubators report that 87 percent of all firms that graduated from their incubators are still in business. The business incubation industry is experiencing unprecedented growth. Today there are more than 800 business incubators in North America, up from 12 in 1980. For-profit incubators recently began opening at the rate of nearly four per week. Many serve as vehicles for owners' investments in a portfolio of companies.