Economic Development Futures Journal

Saturday, December 09, 2006

counter statistics

How Large is the Incubator Industry?

According to the National Business Incubation Association, as of October 2006, there were over 1,400 incubators in North America, up from only 12 in 1980. Of those, 1,115 were in the United States, 191 were in Mexico and 120 were in Canada.

NBIA estimates that there are about 5,000 business incubators worldwide. The incubation model has been adapted to meet a variety of needs, from fostering commercialization of university technologies to increasing employment in economically distressed communities to serving as an investment vehicle.

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