Technology Incubators
A few recent events have increased my awareness of technology incubators and their role helping to accelerate the development of companies (and the people and ideas behind them).
It is interesting how these incubators are non-profit and location-specific. Why? It seems strange that a non-profit organization would help a (new) for-profit organization succeed any better/differently than a VC. As for location, it is funny that in this age of tele-everything, these incubators have a physical and local presence. I know this is likely driven by city, county, and state governments looking to attract money, talent, jobs, and financial consumption to their area. But is a for-profit required to be in the mix (right now a non-profit government promotes other non-profit incubators to promote for-profit companies)?
Today I read an article about Cleveland, Ohio as being a city for entrepreneurs. Having lived near Cleveland, I was curious as to what would be the draw. The article highlighted JumpStart, an incubator. Maybe it is just a coincidence but the Wikipedia references for business incubator are Ohio-heavy.
Also, I recently participated in screening companies for the upcoming I.T./Web 2.0 Venture Forum, which is hosted by the Rice Alliance. (I was excited that four out of my five top picks were selected to present their business plans.) I know the Rice Alliance has ties to the Houston Technology Center (HTC), an incubator. A few months ago I heard an HTC director comment on their services and successes. I was impressed. I had worked with one of the companies they were helping but had no idea this company had been receiving "outside help." I would think the knowledge of a small start-up receiving additional guidance would increase its attractiveness to clients.
A few months ago I wrote about non-profits that contribute to software ecosystems but the focus was on sustaining for-profits and not creating them. I'm happy to add another concept to my still developing mental model of technology organizations.




