Traditional tales of teenagers inventing gadgets in basements or undergraduates launching companies in dorm rooms are fading into history. The era of the garage startup is waning, for good reason.
First, entrepreneurs are generally a sociable bunch who like interacting while transacting. Gaining access to groups of like-minded entrepreneurs is the biggest reason startups rush to join incubator and seed accelerator programs, according to a recent report by Social Enterprise @ Goizueta. Little wonder incubation and seed accelerators in Canada have mushroomed.
