Innovation is a hot topic. From groundbreaking technologies to the innovative ways companies tackle the market, we just can’t seem to get enough.
To help this along, business incubators and accelerators are popping up everywhere. There are some variations on the recipes, but it generally goes like this: concerned business folks along with a local government fund a meeting space; a director is hired and volunteers are recruited; a program is created that includes a bit of education and some sporadic mentoring; and free all-you-can-drink coffee.
Voila — new startup companies are formed. Rinse and repeat.