Business Incubator

Business Incubator Success Stories [2024]

Updated: July 4th, 2024

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

In this list, you'll find real-world business incubator success stories and very profitable examples of starting a business incubator that makes money.

1. Hutch ($81.6K/year)

Fearless founder, Delali Dzirasa, recognized the need for diverse and inclusive government digital services companies after witnessing many IT projects fail. Drawing on Fearless' expertise, Dzirasa created Hutch to provide mentorship and support to minority and women entrepreneurs in the industry, ultimately fostering a community of successful and impactful firms.

How much money it makes: $81.6K/year
How many people on the team: 2

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We Created An $80K/Year Incubation Program To Help Minorities And Women Entrepreneurs

Hutch, founded by Fearless, is a 24-month program that helps minority and women entrepreneurs in government digital services; the program has had 9 graduates, 11 company founders in current two cohorts, and 20 companies within its portfolio.

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