It was 1956, and Joseph Mancuso had a plan. He purchased a large, abandoned manufacturing building and decided to try something different. What he created became the first business incubator.
Tenants received office space, and they had other professionals to bounce ideas off of. The place offered a unique atmosphere that helped promote startup and growth. He referred to the Batavia Industrial Center as an “incubator” because he saw some newly hatched chicks running around the place one day.
According to The New York Times, the number of “incubators” available to startups has grown tremendously over the years, reaching approximately 1,200.
To read the full, original article click on this link: Choosing An Incubator For Your Startup - Business Opportunities Weblog
Author: Angela Shupe
