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Schooling Startups: Corporations Launch Branded Incubators to Assist Next Gen

Lindsey Smith

Even with a million-dollar idea, it's estimated that 3 out of 4 startups will fail due to poor management, insufficient capital, or lack of industry experience. Recently, Scion, Nike & The New York Times have unveiled mentorship programs for young entrepreneurs looking to start their own company. For instance, The Times launched timeSpace to select 3-5 early stage businesses and invite them to set up shop in the Times offices. I think one-on-one time with business mentor will lead to growth.

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