Chapter 7: Hatcheries, accelerators and incubators
When Generation Y (the Millennials) began to arrive on our university campuses in the early 2000s, they arrived with a strong desire to be entrepreneurs. Surveys of this generation consistently reported that 40–50 percent of them had entrepreneurship as a significant aspect of their career plans. Generation Z, the generation after the Millennials, has similar aspirations. Another characteristic of both of these generations is impatience, which has carried over to their entrepreneurial careers. A common practice for earlier generations was to first gain business experience and then launch a business. Students from both Generation Y and Generation Z, on the other hand, are eager to start businesses. Many start businesses while still in college. Some are dropping out of school to pursue entrepreneurial careers full-time. To help retain entrepreneurial-minded students and make their college experiences more immediately relevant, universities began to offer programs to meet the needs of these nascent entrepreneurs.
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