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CB Insights’ data formed the basis of Ten Technology Incubators Changing the World that was featured on Forbes today. Excerpt below.
Entrepreneurship spurs economic growth, but how do you spur entrepreneurship?
Some of the biggest companies in the world, such as Hewlett Packard and Google were born in garages and basements–romantic, perhaps, but inefficient. A better option for intrepid entrepreneurs: technology incubators.
In the last few decades 300 of these facilities have sprung up in the U.S., many attached to universities. Incubators now host about 6,000 companies and provide a panoply of services, from expensive lab equipment to accounting and secretarial support.