6 Business Incubator Success Stories [2023]

Pat Walls

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Updated: January 18th, 2023

6 Business Incubator Success Stories [2023]

Start A Business Incubator

The popularity of incubators is on the rise. Today, start-ups and small businesses have unique needs because they have limited resources and often need professional help to get started. You can design your business incubator by leveraging your experiences as an entrepreneur.

Listed are the steps to start an incubator business.

Plan your business
Secure all needed permits and licenses
Hire needed staffs
Promote your business

Here are some real life success stories of starting a business incubator:

1. Hutch ($81.6K/year)

Delali Dzirasa and Stephanie Chin (from Baltimore, MD, USA) started Hutch about 5 years ago.

Revenue

$6.8K / month

View case study

Case Study

Hutch, founded by Fearless in 2019, is an intensive 24‑month program located in Baltimore, MD that provides minority and women entrepreneurs with a blueprint for building successful and impactful government digital services firms. The program equips businesses with the tools, mentorship, and peer-to-peer support they need to thrive in the world of government contracting.

To date, Hutch has 9 graduates, 11 company founders in our current 2 cohorts, and 20 companies total within our portfolio. Hutch is the only company of its kind led by industry experts with years of experience in digital transformation and government services.

we-created-an-80k-year-incubation-program-to-help-minorities-and-women-entrepreneurs

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We Created An $80K/Year Incubation Program To Help Minorities And Wom... ➜

2. WordPress.com

Create a free website or build a blog with ease on WordPress.com. Dozens of free, customizable, mobile-ready designs and themes. Free hosting and support.

Website traffic: 333M/month
Business rank: #57

Check out their full website ➜

Learn more about starting a business incubator:

Where to start?

-> How much does it cost to start a business incubator?
-> Pros and cons of a business incubator

Need inspiration?

-> Examples of established business incubator
-> Marketing ideas for a business incubator

Other resources

4. Founder Institute

Since 2009, the world’s fastest-growing startups have used the Founder Institute to raise funding, get into seed-accelerators, generate traction, and more.