A New Take on Incubators

Today's incubators provide cutting-edge support for your startup
By Dennis Romero
Business incubators--organizations that help entrepreneurs get off the ground through mentoring, funding and facilities--have been around since the 1950s. At the turn of the millennium, for-profit incubators were a hot commodity until they deflated with the dotcom bubble. But this year, despite a down economy, the luster is returning to incubation. President Obama has pledged $250 million a year in federal funds to seed a regional network of such organizations--an effort aimed at growing jobs and innovation. So people are talking about incubators again.“This is the first time in the U.S. that a new administration has made this kind of commitment to innovation, entrepreneurs and technology,” says Dinah Adkins, president and CEO of the National Business Incubation Association. “This is the first time we’ve had a presidential administration that wants to invest in this.”
read more: http://www.entrepreneur.com/magazine/entrepreneur/2009/may/201228.html