Who sponsors business incubators?
Answer:
Incubator sponsors – organizations or individuals who support an incubation program financially – may serve as the incubator’s parent or host organization or may simply make financial contributions to the incubator. About 25 percent of North American business incubators are sponsored by academic institutions, 16 percent are sponsored by government entities, 15 percent are sponsored by economic development organizations, 10 percent are sponsored by for-profit entities, and 10 percent are sponsored by other types of organizations. About 5 percent of business incubators are “hybrids” with more than one sponsor, and 19 percent of incubators have no sponsor or host organization.