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Incubators and accelerators have become highly pervasive around the world, as countries seek to cultivate the kind of innovations that drive economic growth. The research examined 56,000 patents granted between 1969 and 2012 from American universities with incubator programs. Making connections.
Two decades ago, organizations were designed around stand-alone business units, so all managers had to understand finance, technology, manufacturing, sales, marketing, strategy, humanresources, and more. Finally, carve out innovation incubators that will serve not only to build new businesses but also to grow general managers.
Its success, however, as an educational entrepreneurial incubator, suggests that it is a potential source not only of future leaders and innovators in education but as a model for educational leadership creation in itself. Indeed, the TFA application process is highly selective and consists of multiple steps.
To start, innovation must be recognized as a permanent function of a successful company, just like other business functions such as accounting, operations, sales, and finance. Companies need to institutionalize innovation rather than expect it to simply flow forth from intrapreneurs operating within existing structures.
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