I helped my daughter Mia research startup companies for a business class she is taking several weeks ago.
- In my research, I came across an article that caught my attention.
It talked about a business incubator. That was completely new to me. I assumed an incubator would be a place for modern businesses to grow as I understand what an incubator is. I wasn’t exactly wrong, but there is more to it than that. Incubators offer startup businesses instruction, education, investor connections, and more. Startups can turn their ideas into successful products or services by offering maintenance. The types of business incubators I learned about include venturepreneurship, innopreneurship, entrepreneurial success, and innovation-driven startups. It all made sense now, but I didn’t understand how these business incubators were funded. The startup companies also lack strong financial backing, in my opinion. To my surprise, most of these incubators receive grants and fees that guarantee between 7 to 10 percent of the business’ equity, and as much as 50 percent in some cases. Due to finding this information, I am now fully aware of what this service entails in case I require it in the future. In any case, my child got an A on her research paper, and I learned something in the process.