History of The Incubation Factory
The founders of The Incubation Factory have a nearly twenty-year history in identifying, accelerating, launching and governing early stage companies. By institutionalizing lessons learned from the Inc. 500 successes and applying those principles to the tech-transfer industry, The Incubation Factory properly addresses the needs and solves the inefficiencies of the current system. Using techniques prevalent amongst the fastest growing companies in the country, and then improving upon these based on successes and failures in the real world of business, The Incubation Factory, through various affiliations, has successfully established two tranches of portfolio companies and is in the process of creating a third tranche through The Open Source Capitalism Fund.
Phase 1: From 1993 to 2003, Anthony, Allan & Quinn, Inc., a business founded by one of The Incubation Factory’s own founders, bootstrapped eight companies with $7,500 and minimal technology resources. Three of those companies grew at a rate rapid enough to make the Inc. 500 list of fastest growing companies and one, Advanced Business Fulfillment, was eventually sold to WebMD in 2003 for $260 million.
Phase 2: From 2003 until today, TIF, its affiliates, and its founders have invested millions in creating another tranche of fourteen early stage companies. This was done with a mix of entrepreneurs and tech-transfer opportunities. Throughout this period, The Incubation Factory validated proprietary methods to rapidly identify technologies and have now implemented a proven platform. TIF also created core service companies (providing Accounting, Legal, Operations, Human Resources, Account Management) to serve as accelerator companies for innovation.
Phase 3: Started in 2012 and now moving forward, The Incubation Factory co-created the Open Source Capitalism Fund. This is the only professionally managed fund in the high-value Pre-Revenue Early Stage Investments (“PRESI”) space. This fund is designed to leverage our financial and operational platform designed specifically to take advantage of unrealized opportunities within this asset class.