Dare to Dream: New Venture Incubator for Older Adults

The purpose of this article is to describe a project that aims to foster active aging through entrepreneurial activities among older adults. The project establishes the feasibility of implementing an intervention program that assimilates the concept and capabilities of entrepreneurship among older adults and supports them while launching new ventures. A 12-meeting training program was provided to the selected participants followed by continuing support through a tailor-made incubator. The pilot experiment selected a group of retirees who sought work and had no previous entrepreneurial experience. Of the 22 participants in the intervention program, 15 (70%) actually started a microenterprise based on their previously formulated ideas and past work experience and encouraged by participation in the program. Fostering older adults' entrepreneurial activities has value much further than fulfilling individual needs because it provides benefits to the welfare of the community as well as to the economy. The pilot experiment suggests that this type of intervention program is feasible and warrants further studies.