Incubation models Typologies of incubation programmes It is difficult to create a typology that fits all incubation programmes because there is much heterogeneity. But many reports have some sort of categorisation incubation to enable understanding of the different models that exist. Key differentiating characteristics for incubation programmes that are pulled out by the literature are the: Broad incubator type (Grandi and Grimaldi, 2005) Overall goals (Bergek and Norman, 2008) Funding model (Dee 2015; Miller and Stacey, 2014). et al, Funder (Clarysse 2015). et al, objectives (Clarysse 2015). et al, Programme’s Stage or type of start-ups in the programme (Dee 2015; Lewis 2011). et al, et al, Services provided (Miller and Stacey, 2014). Sector (Lewis et 2011). al, Propensity to screen applicants against a balanced set of criteria (Pompa, 2013). Dee (2015) have developed a simple yet effective typology which manages to capture et al most types of incubation programmes whilst also highlighting some trade-offs and system characteristics required by the different incubation models. Based on the broad definition of incubation programmes as "a collection of techniques that can be used to prove an idea, develop a team and de-risk ventures for later stage it differentiates investors”, programmes along two inter-linked characteristics: when programmes intervene in the start-up journey: pre-start-up, start-up, early stage, later stage how they make money: growth-driven, fee-driven or income independent of There are various stages of starting a business. Dee (2015) separate the stages into: et al start-up, early stage and late stage. Incubation programmes often focus on
Incubation models Typologies of incubation programmes It is difficult to create a typology that fits all incubation programmes because there is much heterogeneity. But many reports have some sort of categorisation incubation to enable understanding of the different models that exist. Key differentiating characteristics for incubation programmes that are pulled out by the literature are the: Broad incubator type (Grandi and Grimaldi, 2005) Overall goals (Bergek and Norman, 2008) Funding model (Dee et al, 2015; Miller and Stacey, 2014). Funder (Clarysse et al, 2015). Programme’s objectives (Clarysse et al, 2015). Stage or type of start-ups in the programme (Dee et al, 2015; Lewis et al, 2011). Services provided (Miller and Stacey, 2014). Sector (Lewis et al, 2011). Propensity to screen applicants against a balanced set of criteria (Pompa, 2013). Dee et al (2015) have developed a simple yet effective typology which manages to capture most types of incubation programmes whilst also highlighting some trade-offs and characteristics required by the different incubation models. Based on the broad definition of incubation programmes as "a collection of techniques that can be used to prove an idea, develop a team and de-risk ventures for later stage investors”, it differentiates programmes along two inter-linked characteristics: when programmes intervene in the start-up journey: pre-start-up, start-up, early stage, later stage how they make money: growth-driven, fee-driven or income independent of There are various stages of starting a business. Dee et al (2015) separate the stages into: start-up, early stage and late stage. Incubation programmes often focus on system
Final_LR_SUPER_v2.docx