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Tuesday, February 10, 2015

Technology Incubators – Where Innovation Happens

Technology

You have to have a big vision and take very small steps to get there. You have to be humble as you execute but visionary and gigantic in terms of your aspiration. In the Internet industry, it's not about grand innovation, it's about a lot of little innovations: every day, every week, every month, making something a little bit better. ~ Jason Calacanis (American Internet entrepreneur)


Technology incubators are springing up all over the country, and are a contributing factor to greater job growth.

In the business world, an incubator is an enterprise that is set up to provide office space, equipment, and sometimes mentoring assistance and capital to new businesses that are just getting started. Source: TechTarget

Thinking of Joining an Incubator? Check Off These 5 Things First by Entrepreneur.com
  1. Do your research. Not all business incubators are the same.
  2. Consult alumni. Most incubators will list the companies that have gone through the process.
  3. Assemble your team. Business incubators look for strong founders with strong teams.
  4. Prepare your pitch. Your pitch is how you will differentiate your startups
  5. Determine what you want to give. An incubator is typically an exchange of equity in your company
(Video) What is a Business Incubator? By docstocTv with Benjamin Kuo, Founder of socalTECH



Are you thinking of utilizing an incubator for your startup? Have you gone through the process? Leave a comment. Share your experience with the Illuminated Living community.

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