Fostering Entrepreneurship through Business Incubation: The Role and Prospects of Postsecondary Vocational-Technical Education (Report 3: Guidebook of Opportunities for Two-Year Technical Colleges)

V. M. Hernandez-Gantes, R. P. Sorensen, A. H. Nieri

This guidebook, a companion to MDS-893 and 895, describes ways in which two-year colleges can participate in the economic and entrepreneurial development of urban, suburban, and rural communities. Practical strategies are described for establishing, funding, and operating a business incubator. Additional sections describe consulting services, networking, and connecting activities. For example, networking is described as "a natural role for business incubators because it connects entrepreneurs in and out of business incubation with key stakeholders in the community." Particular attention is given to the experiences of women and "minority" business people, as well as to economic development in communities. Since approximately 98% of all enterprises in the United States are small companies, effective enterpreneurship can significantly expand individual career options, and also have the potential of changing a community's economic landscape. For two-year colleges, entrepreneurship could be taught and fostered as a new form of emerging vocationalism.

MDS-727 / September 1996

Also online: Executive Summary | Full Text

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