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In 1980, only 10 business incubators existed in the United States. By 1995 there were nearly 500, and a new incubator is opening every week. Despite the rapid growth, the success of business incubators has been mixed at best.
Growing New Ventures, Creating New Jobs provides sponsors, boards, and the management teams of business incubation programs with proven strategies for enhancing the creation and development of new ventures and ensuring the success of programs that support business growth and development.
Business creation experts Jana B. Matthews and Mark P. Rice explain the three key principles of successful business incubation; the 10 best practices for starting, developing, and managing a business incubation program; ways to attract high-quality entrepreneurs; the litmus test to determine an incubator's feasibility; and many hands-on examples from the directors of some of the country's top business incubators. Incubators have helped to create more than 82,000 new jobs in communities throughout the United States, and they foster the entrepreneurial spirit that is the lifeblood of the economy.
Growing New Ventures, Creating New Jobs gives business, university, and government leaders a blueprint incubator program for invigorating the regional economy.
List of contents
Preface
Introduction
Principles & Practices of Successful Business Incubation
To Be or Not To Be: Determining Incubator Feasibility
Understanding the Financial Dynamics of Incubators
Establishing Roles & Responsibilities of the Board
Managing the Stakeholder Network
Building the Incubator Management Team
Selecting the Optimal Incubator Facility
Recruiting & Selecting Client Companies
Making the Difference: Serving Client Needs
Beyond Incubators: Emerging Trends & Strategies for Business Incubation
Appendix A: Profiles of Successful Incubator Presidents & Directors
Appendix B: Further Readings
Index
About the author
Jana Matthews, Mark P. Rice
