The ABC of Business Incubation

Many definitions of the terms used in the field of business incubation exist—but there is no world—wide agreement. Therefore different understanding of terms these sometimes leads to misunderstandings.

Here we present a Glossary as a first version of definitions to initiate a process of discussion aimed at coming to common understanding of the most frequently used terms.

Readers are invited

Do not forget: all this is not only a serious exercise. Just read and see.

Heinz Fiedler
President, SPICE Group

A

Anchor Tenant

B

Bank
Business
Business Angel
Business Incubator (Definition adopted by the International Summit of Associations)
Business Incubator (principle)
Business Park
Business Plan
Business Support Center

C

Consultant

E

Entrepreneur

F

Failure Rate

I

Incubator
Incubator Manager
Incubator without walls
Industry Park
Innovation
Innovation Center

L

Loan

M

Managed Workspace

S

Science Park
Science Park (IASP definition)
Seed Capital
Spin-off
Start-up

T

Technology Center
Technology Park

V

Venture Capital