In 2000, former BT CTO Peter Cochrane founded a tech incubator called ConceptLabs with a team from Apple Computers in Silicon Valley. The aim was to create an "idea-to-market" incubator that could be syndicated globally, providing support infrastructure spanning the cultivation of an idea through to a full IPO. ConceptLabs would find ideas people and bring the business and marketing nous required to take the idea to market. Within 18 months the company had seven companies that were looking strong, but then the dot.com bubble burst, and investment evaporated and ConceptLabs had to be closed down at the end of 2003. Cochrane talks to Wired.co.uk about what went wrong.
By: Wired.co.uk Staff, Edited by: Olivia Solon
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via Wired.co.uk
http://www.wired.co.uk/news/archive/2012-06/25/fail-tale-conceptlabs
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