Handbook of Research on Business and Technology Incubation and Acceleration
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Handbook of Research on Business and Technology Incubation and Acceleration

A Global Perspective

Edited by Sarfraz A. Mian, Magnus Klofsten and Wadid Lamine

This pioneering work explores both the theory and practice of business and technology incubation over the past six decades as an approach to new venture creation and development. With a global scope, the Handbook examines key concepts, models, and mechanisms, providing a research-based analytical foundation from which to understand the emerging role of modern incubation tools in building entrepreneurship ecosystems for promoting targeted economic development.
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Chapter 22: Business incubation in New York State: last decade of changes, emerging models, and future directions

David Hochman

Abstract

Chapter 22 provides an assessment of the New York State’s incubation policy during 2005-2016. The author highlights the emergence of adjacent investment mechanisms in the private sector during this decade, along with the changes among incubator funders at the federal and state levels, and other strategic choices made by gleaning his industry insights. Based on his research and expertise, the author encourages incubator managers to ask questions about how they define the value they provide to various stakeholders, what kind of startups they wish to assist, and how different incubator models fit with both the interest of public as well as private stakeholders. The author asserts that changes over this decade have improved the status of business incubation in the investment community, but they also raised the bar for performance and relevance.

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