What Corporate Incubators and Accelerators Mean for Your Business

7. HOW IMPORTANT ARE CORPORATE INCUBATOR AND ACCELERATORS FOR YOUR BUSINESS

With a host of companies under his belt, serial entrepreneur Rich Schmelzer launched his latest company, Boulder, Colo.-based GeoPalz, pretty much the only way he knew how. He bootstrapped.

But then a funny thing happened: Schmelzer met the Swoosh.

Yes, that Swoosh–Nike. Schmelzer’s company makes the iBitz, a personal activity monitor for kids. And late last year, when Nike announced it was launching a special accelerator for startups developing high-tech solutions that could leverage the Nike+ platform, it was serendipity.

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Got a Business Idea? Here’s How to See If It’s Sustainable


SUSTAINABLE BUSINESS
Chances are, you’ve come up with a business idea at some point in your life, whether you realize it or not. Some people come up with a possible idea for a solution to a common problem and dismiss it, never to address the subject seriously again. Others generate an idea for a business and fixate on it, trying to take action but never getting off the ground.

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