The Institute for Research on Labor, Employment and the Economy at the University of Michigan, in collaboration with the State University of New York at Albany, the National Business Incubation Association, and Cybergroup Inc., conducted a research study funded by the U.S. Department of Commerce Economic Development Administration (EDA). The study aimed to examine the relationship between incubator best practices and client outcomes, specifically focusing on the success of client firms after graduating from the incubation program.
Utilizing a robust methodology to collect and analyze data, the research team sought to determine the specific connections between the operational methods of incubation programs and the performance of their client companies. The study's findings led to the development of a web-based tool for incubation practitioners, enabling them to assess their program's performance compared to industry best practices and receive feedback on areas for improvement. Additionally, a brochure was created to highlight the study's significant discoveries.
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