More Arizona startups taking rootPosted: March 30, 2012
Arizona has a burgeoning innovation ecosystem but are incubators the real source of this new-found start up dynamism?
While some applaud the incubators that are being created, others say there are too many and that they lack focus. They are popping up across the country “like weeds,” said Victor Hwang, co-author of the book “The Rainforest: The Secret to Building the Next Silicon Valley.”
“They (incubators) can work, but they don’t always,” Hwang said. “Historically, they have not, and the reason they haven’t is because most incubator (operators) treated them as real estate. They give them (entrepreneurs) space. They figure they gave them Internet broadband and they gave them cheap rent, and that was enough.”
Incubators are successful, he said, when the operators understand how to bring participants together to share ideas.
Check out the article to learn more about the why and how entrepreneurship is taking root in the desert.