Operating As Charities
Did you know:
Incubators operating as charities and with give-away programs have the lowest success rate
for generating new businesses.
Charity is the bane of entrepreneurship.
Successful graduates of incubator programs were looking for a hand up, not a hand out.
We suggest that you conduct an independent study, as others have, to confirm the
The staff of the charity programs spend the
majority of their time seeking continued funding, not in the development of programs to
grow their client companies.
Many of the charity programs have no development programs or entry screening at all, refer
to their clients as tenants and merely provide below market rate office space, actually
competing with private sector.
In fact, the only
people benefiting from these programs are the staff, with some measure of job security,
until the incubator is ultimately shut down because of lack of performance.
This gives the entire industry negative publicity.
Forecasts indicate that a goodly number of those incubators not having achieved
self-sufficiency will be closing. It's not because of a lack of need in their respective
communities. The need is there. They will be closed because the funding is no longer
available and those operating the incubator didn't develop a business model that produced
self-sufficiency, continuing to rely, instead, on public funding. Further, there is
increased scrutiny about public funding being used to compete with private sector.
We can show you how to have your incubator completely self-reliant.
And, we can work within your budget! Go here for more