What Corporate Incubators and Accelerators Mean for Your Business Can entrepreneurship thrive within corporate constructs? Here, the ins and outs of corporate incubators and accelerators--and why they should matter to you.
By Matt Villano •
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With a host of companies under his belt, serial entre-preneur Rich Schmelzer launched his latest company, Boulder, Colo.-based GeoPalz, pretty much the only way he knew how. He bootstrapped.
But then a funny thing happened: Schmelzer met the Swoosh.
Yes, that Swoosh--Nike. Schmelzer's company makes the iBitz, a personal activity monitor for kids. And late last year, when Nike announced it was launching a special accelerator for startups developing high-tech solutions that could leverage the Nike+ platform, it was serendipity.