The Problems With Incubators, and How to Solve Them

Harvard Business Review

Inexperienced friends and family (and, increasingly, crowdsourced investors) lack the ability to gauge the viability of a business, or to mentor naïve entrepreneurs. This knowledge gap, I have come to believe, is best filled by savvy incubators. However, there are over 7,500 business incubators around the world. The first business incubator in the U.S. In the last couple of years, we have seen a renaissance in the incubator business.

How the U.S. Can Rebuild Its Capacity to Innovate

Harvard Business

has lost what Harvard Business School’s Willy Shih calls the “ industrial commons ”: indispensable production skills and capabilities. We have identified four principles with straightforward steps that policymakers, business leaders, and universities can take to restore innovation ecosystems. Jetta Productions/Getty Images. Many U.S. firms have long had a simple mantra: “Invent here, manufacture there.”

Where to Find Authentic Entrepreneurs

Harvard Business Review

I still remember when Steve Jobs was featured in business school case studies as an example of bad leadership style. Coming out of Peru, you’ll find Kola Real, formed during a coup d’état in 1988, not exactly an ideal environment for business incubation. Organizations that entered when VC fundings were booming were increasingly likely to fail, and those financed in a VC funding boom were unlikely to make it to an IPO.