The New Business Incubator: Linking Talent, Technology, Capital and Know-How

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Summary: The Bible of Business Incubation
Review: Smilor and Gill wrote this work book more than 10 years before the Dot-Com bubble and low barriers to entry resulted in an explosion of interest in internet business incubators. It is their assertion that the "business incubator concept... seeks to leverage entrepreneurial talent, respond to a hypercompetitive environment, and implement new institutional relationships for innovative economic impact." They believe that this assertion has normative implications for the way in which academia, government and industry should inter-relate. After establishing a conceptual framework for examining business incubators, Smilor and Gill proceed to examine the incubator-entrepreneur relationship, critical success factors for incubators and entrepreneurs, structure and financing of incubators, tenant selection methodologies, case studies, and predictions for the future of the business incubation domain.