article thumbnail

The Problems With Incubators, and How to Solve Them

Harvard Business Review

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. opened in 1959 and is still operating. Most of them fail. Many of those efforts failed. Well, it isn''t.

article thumbnail

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

Harvard Business Review

federal research investments enabled the invention of the magnetic storage drive, lithium-ion batteries, and liquid crystal display technologies that paved the way for the next generation of consumer electronics in the 1980s and 1990s, the U.S. annual trade deficit in advanced technology products alone stands around $100 billion.