Title: Overview of US incubators and the case of the Austin Technology Incubator

Authors: Joel Wiggins, David V. Gibson

Addresses: Austin Technology Incubator, IC2 Institute, The University of Texas at Austin, 3925 W. Braker Lane, Austin, TX 78759, USA. Austin Technology Incubator, IC2 Institute, The University of Texas at Austin, 3925 W. Braker Lane, Austin, TX 78759, USA

Abstract: Business incubators have a 25-year history in the US. Today, they number more than 800. Most are non-profit entities, many associated with universities. This article provides a general overview of business incubation in the US and provides a case study of the award-winning Austin Technology Incubator whose companies have generated over $1.4 billion in revenues and created some 3,000 jobs. The authors conclude that business incubators must accomplish five tasks well in order to succeed: establish clear metrics for success; provide entrepreneurial leadership; develop and deliver value-added services to member companies; develop a rational new-company selection process; and ensure that member companies gain access to necessary human and financial resources.

Keywords: incubator; accelerator; Austin; technology; business.

DOI: 10.1504/IJEIM.2003.002218

International Journal of Entrepreneurship and Innovation Management, 2003 Vol.3 No.1/2, pp.56-66

Published online: 12 Aug 2003 *

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