Business Services Industry
Technology Incubators Struggle for Survival in Tough Market.
Knight Ridder/Tribune Business News, August, 2002
By Christine Winter, South Florida Sun-Sentinel Knight Ridder/Tribune Business News
Aug. 20--When Scott Adams started Hiway Technologies, a Web-hosting company, in 1995, he was on the cutting edge.
But his timing wasn't so impeccable when he and fellow investors started Cenetec Ventures LLC, a high technology incubator, in March 2000, just as the dot-com bubble was starting to deflate.
Adams is the closest thing to a high-tech superstar that South Florida has, after turning his tiny start-up into the world's largest Web-hosting company and then selling it for more than $300 million in 1998. But even technology pioneers can't always buck the tide of a downturn that drags down their own industry, as well as the whole economy.
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