We recently added over 300 American business incubators and tenant companies to our investor database. Additionally, we presented some national data trends on incubators.  We’ll periodically be turning to individual states to take a deeper look at their incubators and portfolio companies.

Today we’ll examine Vermont.  A state with low incubator activity, Vermont has only 1 incubator, much less than the national average of 8.3 incubators per state.  Additionally, the green mountain state has 17 companies in incubation, which is less than national average of 110 companies per state.  Of the 17 tenant companies, only 7 were considered scalable and thus added to our database.  (Note: Our focus at ChubbyBrain is primarily on scalable companies. Thus, consulting, retail, and service companies that may be in these incubators are not included in our database or the remainder of this analysis).  This gives Vermont a scalability ratio of 47%, close to the national average of 44%.

Vermont’s only incubator is the Vermont Center for Emerging Technologies (VCET).  VCET offers early-stage businesses in Vermont traditional incubator services such as office and lab space, administrative support, and business consultations.

As illustrated in Graph A, Healthcare and Technology companies are the primary types of start-ups that use incubator services in Vermont.  They each make up 37% of scalable Vermont companies.  Within the Healthcare sector, the majority of the companies are focused in the Medical Devices and Pharmaceuticals industries.  Within the Technology sector, the majority of the companies are focused in the Software and Hardware Equipment industries.

Since VCET, the state’s only incubator, is located in Burlington, this city holds all the incubated companies for Vermont.

Secctor Breakdown

Graph A