Business incubation is growing of businesses from infancy to independence. In the words of Carlos Morales, executive director of the US National Business Incubation Association, “fledgling entrepreneurs” are drawn “out of their basements and garages and into controlled environments structured for the care and feeding of new businesses.”
According to experts, incubators vary in their objectives. There are those operated on a venture-capital basis, which may limit admission to promising growth companies, in which the sponsors take an equity stake (generally 20 to 50 percent of the stock) in exchange for the space, services and management assistance. The aim, we are told, is to profit as the business expands and perhaps ultimately goes public.
To read the full, original article click on this link: Rising profile of business incubation
Author: SIAKA MOMOH
