The days of the term incubator being synonymous with tech companies are long behind us. While formerly a very technologically driven industry, the International Business Innovation Association has reported that, of the 1,500 plus incubators that can be found in the country, a vastly increasing number of new incubators have entered the scene gearing their focus on business development in non-traditional areas. From culinary to art and design, incubators all over the world are diversifying their portfolios to include even the smallest of industries.
- Companies nurtured in a business incubator have a survival rate of 87% compared with 44% for unassisted enterprises
- 70% of small businesses receiving monitoring services survive for 5 years or more
- Typically, 30% of incubator clients graduate each year
- Florida Business Incubation Association recognizes more than 70 organizations throughout Florida as instrumental in incubating small businesses
- There are 13 incubators and co-work spaces found in Greater Gainesville
- 35 culinary incubators in the U.S.
- 45+ art and design incubators in the U.S.
- As of 2016, there was 1 outdoor industry incubator in the country
- 65 U.S. incubators serving biotechnology and pharmaceutical startups
- Other areas of vast growth lie in music, social enterprise and green energy incubation
