Incubators: Vital as Ever to Small Business
December 15, 2015
By: Mark R. Smith, Editor-in-Chief
You might hear that there are too many business incubators. Or that they cost too much to start and maintain, especially since there might not be a big payback. And that there's no promise that all of the graduates will stay in the local market.
Know that, however, no matter what naysayers think, the number of incubatora in Maryland has not been growing and, given the complexities of today's market, the sector is moving forward.
After all, if no such investment is made, there can't be a return in the form the next Profectus BioSciences, which is now a $14 million company; or AVIcode, which was purchased by Microsoft in 2010 for a figure that was reportedly in the tens of millions of dollars. Both are graduates of bwtech@UMBC.
