Start-Up Programs Find Niche
(Wall Street Journal) — Some business incubators—programs designed to support early-stage companies—are going niche, specializing in industries like fashion, food and design, to focus on entrepreneurs in emerging fields or areas that require expensive resources to get started. Business incubators have traditionally supported start-ups in a mix of industries like health care, energy and telecom, in some cases welcoming just one business per sector at a time to avoid competition. But in recent years, a handful of newer programs have taken a different approach, as the young ventures they help nurture are in the same industry.
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