If everyone knows who you are and you have a reputation of being awesome, then it’s very easy to hire employees. It’s very hard to raise money if no one knows who you are. If somebody is leaving an incubator, they’re leaving for a reason.It’s very easy to raise money if everyone knows who you are and everyone thinks you’re awesome. They’ve either outgrown it or they’re moving someplace else. The incubator is trying to help them get to that phase.An incubator incubates a business, a business that’s started by an individual.
Where can I just see and interact in a place that’s comfortable? If it doesn’t exist, you’re not ready.” What they’re not ready for is a more sophisticated investment or a more sophisticated approach. They should get out of that incubator once they’ve passed that stage. You need to leave because the reason you’re in the incubator is to be in a safe place. You don’t move your business forward unless you’re interacting with the world.
” Then, there are the actual companies that need a place to go to. The companies we like to bring into the incubator are the ones that get rejected by everyone because they say, “Where’s your business plan? They’re usually in product-based or idea-based businesses that are high-growth or a good fit for an incubator because the business model is not that clear, or the technology is not developed yet.
He co-founded and is on the board of Fertilab Thinkubator, an incubator with a biotech focus.
We founded an incubator called the Ferti Lab Thinkubator in Eugene, based on our perception that people in the community didn’t know where to go to get information about doing startups. I just have an idea that I’m interested or intrigued in startups. ” We started the incubator to be an easy point of entry, a place where people can go and say, “What’s this all about? Oftentimes, it’s just talking with them to explain what a business plan is, how it works and what people want to see in a business plan; teach them the language of talking business so when they’re talking to business people they can speak the language and answer the questions. Really, anybody who needs a safe place to develop a component of their business should be in some sort of incubator for a certain period of time.
The vision of the NSTI is to be a successful incubator of technologies and private enterprise that assist the NNSA in meeting new challenges in national safety, security, and protection of the homeland.
The NSTI is operated and managed by the Arrowhead Center, responsible for leading the economic development mission of New Mexico State University (NMSU).
This idea that if you want to increase your chances, it’s realizing that you’re already in a community to some extent that you improve your chances of succeeding—both getting accepted and succeeding in accelerators and incubator programs by realizing you’re part of a community and not just being this on your own, you against the world. Succeeding in an incubator is a totally different story. If you have a tech company, eventually you’re going to be hiring people from the tech community.
There’s the microcosm of the incubator—the space that’ll be safe where you can practice interacting with the community. If no one knows who you are and what you do, and if you don’t have a track record, it’s going to be very hard for you to attract employees. We can’t take a person who is unmotivated and turn them into a motivated person.
People that are open books, that allow you to fill them with knowledge do really, really well.
People who are arrogant that already know what they need to do come into accelerators and incubators and do very, very poorly.