6 Business Incubator Success Stories [2024]
The popularity of incubators is on the rise. Today, start-ups and small businesses have unique needs because they have limited resources and often need professional help to get started. You can design your business incubator by leveraging your experiences as an entrepreneur.
Listed are the steps to start an incubator business.
- Plan your business
- Secure all needed permits and licenses
- Hire needed staffs
- Promote your business
Here are some real life success stories of starting a business incubator:
1. Hutch ($81.6K/year)
Fearless founder, Delali Dzirasa, recognized the need for diverse and inclusive government digital services companies after witnessing many IT projects fail. Drawing on Fearless' expertise, Dzirasa created Hutch to provide mentorship and support to minority and women entrepreneurs in the industry, ultimately fostering a community of successful and impactful firms.
How much they make: $81.6K/year
Current team size: 2
Hutch, founded by Fearless, is a 24-month program that helps minority and women entrepreneurs in government digital services; the program has had 9 graduates, 11 company founders in current two cohorts, and 20 companies within its portfolio.
Learn more about starting a business incubator:
Where to start?
-> How much does it cost to start a business incubator?
-> Pros and cons of a business incubator
Need inspiration?
-> Examples of established business incubator
-> Marketing ideas for a business incubator
Other resources
4. WordPress.com
Create a free website or build a blog with ease on WordPress.com. Dozens of free, customizable, mobile-ready designs and themes. Free hosting and support.
Where they're located: Jacksonville, Florida, USA
Website traffic: 333M/month
5. Founder Institute
Since 2009, the world’s fastest-growing startups have used the Founder Institute to raise funding, get into seed-accelerators, generate traction, and more.
6. Techstars
Where they're located: Los Angeles, California, USA
Website traffic: 230K/month
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings