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Incubator Economic Impact Mini-Survey. NBIA Conference April 30 – May 3, 2006. The Survey Says…. NBIA conducted a mini survey of incubator economic impact data collection in January 2006 Distributed to select incubator managers and incubator sponsors Wide information gaps between:
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Incubator Economic Impact Mini-Survey NBIA ConferenceApril 30 – May 3, 2006
The Survey Says… • NBIA conducted a mini survey of incubator economic impact data collection in January 2006 • Distributed to select incubator managers and incubator sponsors • Wide information gaps between: • what potential incubator sponsors desire and • what incubator managers currently track
Defining Needs • Definition and demonstration of incubator success • Program cost effectiveness • Ability to track data beyond what is currently available • Ability to track data on an technology transfer through patents and licensing agreements • Ability to track graduate firms’ progress for a minimum of five years • Annual accountability
Incubation Sponsor’s Requests • Demonstrate the economic contribution of incubators • Employment • Wages • Capital raised • Persistency (reduce the business failure rate) • Tracking of graduate firms for a minimum of five years • Employment • Firms still in business • Firms merged or acquired by other companies • Firms still within incubator service area