Business incubators work to help businesses do better than that by offering specialized services and mentoring. Does it work? Historically, NBIA member incubators have reported that 87 percent of all graduate firms are still in business. Pretty impressive, isn’t it?
But here’s the hitch: the data on incubator graduates is more than ten years old. Funding sources, federal government officials, the media, and others want up-to-date proof of incubation’s impact. Today. In their communities and yours.
That’s why NBIA, in cooperation with Southern California Edison, created this toolkit. We are providing incubator managers with the rationale and the tools they need to get started down this critical road of tracking success. We hope that this toolkit is the first step in a major data collection effort that will ultimately allow the industry not just to break the silence, but to break it with a triumphant message of success.
Full Toolkit: http://www.nbia.org/impact/index.php