Ask Entrepreneur

Choose the Right Incubator for Your Startup

min read
Opinions expressed by Entrepreneur contributors are their own.

To be competitive, pitch your company early and often. If you can't articulate your company’s value proposition to family, friends and peers, then your company’s story won't connect with investors or customers. Additionally, great pitches don’t come from an echo chamber, so be on the lookout for those who you know will disagree with you. When your pitch day comes, you’ll already know how to simply and clearly communicate your vision so crafting your message to the non-believers in the room will be no problem at all.

In selecting an incubator or competition that is the right fit for your company, look closely at the program’s output and track record. Start with companies that you admire and study how the company benefited from the program, either through financing, marketing or even recruiting. Look, too, at the program’s advisors. Find people from whom you are excited to learn and who have networks that can help you. Also, look closely at how these programs support companies after they have "graduated." Is that the end of the relationship, or the beginning of a long-term relationship that you will benefit from for years to come? Through these questions you can find the incubator that will best suit your company’s needs.

Related: Thinking of Joining an Incubator? Check Off These 5 Things First.
 

More from Entrepreneur

Learn to be a better leader and develop successful marketing and branding strategies with Dr. Patti Fletcher's help.
Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level.
Create your business plan in half the time with twice the impact using Entrepreneur's BIZ PLANNING PLUS powered by LivePlan. Try risk free for 60 days.

Latest on Entrepreneur