Think about this. The Global Entrepreneurship Monitor Report (2016) indicates that twenty two percent of people across sixty four economies intend to start a business within the next three years. That includes everyone in your organization. Instead of them leaving and setting up independently, this milieu of entrepreneurial talent can be given space to flourish through corporate incubation
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The term incubator conjures up images of a cosy, safe and secure environment for young to flourish. As they grow, they leave this protective environment and step out into the world. We apply this concept to start-ups too. Since their introduction in the late 1950s, incubators have become synonymous with the innovation system; providing a supportive milieu for fledgling start-ups. In exploring new ways to innovate, organisations have adopted the concept, originally devised as a municipal stimulus measure, for internal gain. Now corporate incubators enable organisations to mirror the start-up community by sharing a dedicated innovative space for the commercialisation of ideas. This sits well with todays workforce who favour work environments focused on creating something they value, in building connections and a strong community.