Business Incubation Impact A technology business incubator in Bangalore provided office space, mentoring, and networking opportunities to startups. However, after three years, they found that only 20% of their incubated startups were successful, compared to the industry average of 35%. Question: What would be the most effective strategy to improve the success rate of incubated startups?
1
Implement a more rigorous selection process with comprehensive support services and milestone-based monitoring
2
Reduce the number of startups accepted
3
Increase funding support
4
Focus only on specific industry sectors
5
More than one of the above