Abstract
Unfortunately, it is not enough to put a formal incubation program in place and simply walk away. As we pointed out in Chapter 4, there needs to be a team to take ownership of keeping the incubation program, and its spirit, on track. There have been times when we have attempted to turn over even small portions of the program to other teams and things started to get off track quickly. It is not simply a matter of skill, although that is important; it is a matter of context and having the right resources and support. People need to truly understand the intent of the program and be properly trained on the elements they will be responsible for. Otherwise, they can become blindly artifact-focused—much like the 70-page template example from Chapter 2.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Notes
- 1.
This was not their actual name, but it might as well have been.
- 2.
Keith Speights, ”What Percentage of Business Fail in Their First Year?,” The Motley Fool, May 3, 2017, https://www.fool.com/careers/2017/05/03/what-percentage-of-businesses-fail-in-their-first.aspx
- 3.
AngelList, https://angel.co
- 4.
Ben West, “Startup Employees Don’t Earn More,” 80000 Hours, October 7th, 2015, https://80000hours.org/2015/10/startup-salaries-and-equity-compensation
- 5.
Scott Shane, “What Slow Exits Mean to Startup Investors,” Entrepreneur, December 3, 2015, https://www.entrepreneur.com/article/253459
- 6.
Sammy Adbullah, “The Median Level of Founder Ownership at Exit,” Blossom Street Ventures (blog), November 3, 2016, https://blossomstreetventures.com/blog_details.php?bcat_id=106
- 7.
Thomas H. Holmes and Richard H. Rahe, “The Social Readjustment Rating Scale,” Journal of Psychosomatic Research 11, no. 2 (1967): 213-218.
- 8.
Sarah A. Burgard, Jennie E. Brand, and James S. House, “Perceived Job Insecurity and Worker Health in the United States,” Social Science and Medicine 69, no. 5 (2009): 777-785.
- 9.
Jin Zhang, “We’re Shutting Down—Time to Celebrate!,” Highlight (blog), December 12, 2016, https://www.ca.com/en/blog-highlight/were-shutting-down-time-to-celebrate.html
- 10.
Ankur Agarwal, “Startup Success Doesn’t Always Mean Building a $1B Business,” Highlight (blog), March 9, 2018, https://www.ca.com/en/blog-highlight/ca-accelerator-qubeship-successes.html
Author information
Authors and Affiliations
Rights and permissions
Copyright information
© 2019 CA
About this chapter
Cite this chapter
Watt, G., Abrams, H. (2019). Innovation Support Structure. In: Lean Entrepreneurship. Apress, Berkeley, CA. https://doi.org/10.1007/978-1-4842-3942-1_5
Download citation
DOI: https://doi.org/10.1007/978-1-4842-3942-1_5
Published:
Publisher Name: Apress, Berkeley, CA
Print ISBN: 978-1-4842-3941-4
Online ISBN: 978-1-4842-3942-1
eBook Packages: Business and ManagementBusiness and Management (R0)Apress Access Books