$IBRC "The acquisition of Hatchbrands provides our company with a platform to own emerging technologies that have been nurtured in professional incubators and accelerators," states Paul Smith, CEO of iBrands Corporation. A business incubator's main goal is to produce successful firms that will leave the program financially viable and freestanding. Smith further states, "According to the 2006 State of the Business Incubator Industry report, 87% of incubator graduates stay in business. This minimizes our risk exposure and maximizes our potential return on investment."
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