It’s been awhile since we discussed one of our favorite topics – startups!
As I’m sure many of you small business owners and entrepreneurs know, to grow a startup involves lot of patience, waiting for the right elements to come together. Finding the right people, getting the right location, and coming up with the right product for the right audience.
And what better way to find the perfect combination than joining an incubator?
If you don’t remember what an incubator is (in this sense, anyway), try refreshing your memory with this in-depth article about Incubators and Accelerators.
And for those of you who know exactly what they are and how they can benefit your idea for a business, we won’t make you wait any longer!
Here are the top 5 incubators in the world and where you can find them!
1. Y Combinator
Mountain View, California, United States of America
Image Source: BoardMad
Started by Paul Graham, Y Combinator has helped launch 300 companies in six years. The social site, Reddit, and the software automating the creation of online stores for Yahoo! were just two of many successful examples from this incubator (Forbes)!
London, United Kingdom
Image Source: Seedcamp
Currently with a portfolio of more than 70 companies, SeedCamp is one of Europe’s most successful and longest-running incubators. Thirty investors got together to create an office space for entrepreneurs back in 2007 and have been providing seed money, mentorship, and support ever since. RealPage and Airbnb are two of many acquisitions SeedCamp has overseen over the years (The New Economy).
3. DreamIt Ventures
Philadelphia, Pennsylvania, United States of America
Image Source: TechCrunch
Also launched in 2007, DreamIt Ventures gives companies up to $25,000 in exchange for a 6% equity stake in the startup. On top of that they will provide coaching and mentoring for entrepreneurs for as much as their accounting to help get them on their feet. Through great success they have now extended their services into New York City, New York (Black Enterprise)!
4. The ICEHOUSE
Auckland, New Zealand
Image Source: Business Incubators
In collaboration with the University of Auckland Business School (and many others), The ICEHOUSE has raised $50 million for 75 technology companies through its angel-investor network. This year marks 10 successful years for the incubator (Forbes).
Washington, District of Columbia, United States of America
Image Source: DC Chamber
A bit different from the preceding, Flashpoint is an incubator focused on providing space and financial support to nonprofit arts organizations in Washington, D.C. (Cultural DC). After its launch in 2003, Flashpoint has aided in the rise of the professional dance company Step Afrika! and the Washington Improv Theater.
Is there an incubator that helped you get your start you would like to add to the list? Share their name and website in the comments!