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7 Factors to Make Your Startup Incubator a Success [Huffington Post]

Designing and running a business incubator is no easy task. Yet, startups from Singapore to Nigeria to Boston are being actively recruited with promises of funding, advice, free working space, and great networking opportunities. Although the service model varies greatly based on geographical location, company stage, industry focus, and even compensation model, incubators have gradually become ubiquitous in a new reality where both private and public stakeholders see startups as a panacea for job creation, economic empowerment, and profits.

Although there is no formulaic approach to running a successful program, and the ability to adapt on short notice is key, we do see some very strong success factors that we believe position an incubator for the greatest impact:

  1. Choose a Governing Philosophy
  2. Provide Ample Opportunities for Feedback
  3. Plan Social Interactions and Fun
  4. Talk Less, Do More
  5. Assign Each Startup a Personal Coach
  6. Offer Flexible Working Spaces
  7. Find Great Partners

Curated from “Building Startup Incubators That Deliver Impact [Huffington Post]

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Gresham Harkless Jr.

Gresham Harkless is a Media Consultant for Blue 16 Media and the Blogger-in-Chief for CEO Blog Nation. CEO Blog Nation is a community of blogs for entrepreneurs and business owners. Started in much the same way as most small businesses, CEO Blog Nation captures the essence of entrepreneurship by allowing entrepreneurs and business owners to have a voice. CEO Blog Nation provides news, information, events and even startup business tips for entrepreneurs, startups and business owners to succeed.

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