Anatomy of a University Incubator

University incubators for startup companies are popping up all around the United States with many pundits and bloggers suggesting that we have unsustainable bubbles, both in number of incubators and number of companies being incubated. We’ve saturated the market goes the litany. Maybe so, but I doubt it.

More relevant to many in the commercialization of university research community is the issue of how one creates a university incubator. What are the steps and, in particular, how much does it cost and how does one pay for it? Having personally created two such incubators and having watched the creation of numerous others, I have a simple message to relay: there is no bottom line and no single formula for creation, let alone success. Indeed, even teasing out the costs of forming and sustaining an incubator is difficult and often inextricably tied to other activities. Two examples prove my case.

Keith McDowell

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