A new report published by NESTA (the National Endowment for Science, Technology and the Arts – an independent body with a mission to make the UK more innovative), predicts that we can expect to see many more new accelerator programmes created in the coming years, and therefore it’s important to understand their processes to better support the growth of innovative startups.
The opportunity
Bootstrapped startups need to look at the plethora of incubators as an opportunity to become better entrepreneurs by learning from your peers and mentors, and by creating powerful networks across geographies.
Criticisms of the model
Despite the generally positive feedback from investors and entrepreneurs alike, incubators also have their detractors: they only build small companies (so far), they divert talent from other high-growth startups and good companies sometime fail despite the incubator program.
Download the Startup Factories report here.
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