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===Incubation process=== Unlike many business assistance programs, business incubators do not serve any and all companies. Entrepreneurs who wish to enter a business incubation program must apply for admission. Acceptance criteria vary from program to program, but in general only those with feasible business ideas and a workable business plan are admitted.<ref>{{Cite journal|last1=Bryan|first1=Kevin A.|last2=Tilcsik|first2=András|last3=Zhu|first3=Brooklynn|date=2017|title=Which Entrepreneurs are Coachable and Why?|journal=American Economic Review|language=en|volume=107|issue=5|pages=312–316|doi=10.1257/aer.p20171010|issn=0002-8282}}</ref> It is this factor that makes it difficult to compare the success rates of incubated companies against general business survival statistics.<ref>Meredith Erlewine, "Comparing Stats on Firm Survival." In ''Measuring Your Business Incubator's Economic Impact: A Toolkit.'' Athens, Ohio: National Business Incubation Association, 2007.</ref> Although most incubators offer their clients office space and shared administrative services, the heart of a true business incubation program is the services it provides to startup companies. More than half of incubation programs surveyed by the National Business Incubation Association<ref>{{cite web|url=http://www.nbia.org/about_nbia/|title=About Us}}</ref> in 2006 reported that they also served affiliate or virtual clients.<ref name="knopp2006" /> These companies do not reside in the incubator facility. Affiliate clients may be home-based businesses or early-stage companies that have their own premises but can benefit from incubator services. Virtual clients may be too remote from an incubation facility to participate on site, and so receive counseling and other assistance electronically. The amount of time a company spends in an incubation program can vary widely depending on a number of factors, including the type of business and the entrepreneur's level of business expertise. [[List of life sciences|Life science]] and other firms with long research and development cycles require more time in an incubation program than manufacturing or service companies that can immediately produce and bring a product or service to market. On average, incubator clients spend 33 months in a program.<ref name=knopp2006 /> Many incubation programs set graduation requirements by development [[benchmarking|benchmarks]], such as company revenues or staffing levels, rather than time. #Eligibility #Admission process #Intellectual property #Seed loan #Infrastructure #Common infrastructure #Other services #Periodic assessment #Information submission #Consideration #Tenure in BI #Exit #Conflicts of interests and confidentiality of information #Disclaimer #Agreements
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