Incuba Venture

What Incuba Venture does

INCUBA A/S operates a Danish science park and business community headquartered in Aarhus, Denmark, founded in 1986 as Forskerpark Aarhus. The entity is 100% owned by Aarhus University Research Foundation (Aarhus Universitets Forskningsfond), embedding it within the regional academic innovation ecosystem. Since the 2007 merger between Forskerpark Aarhus and the Katrinebjerg IT centre, INCUBA has run three vertically-specialized hubs: INCUBA Katrinebjerg (IT/tech), INCUBA Navitas (cleantech), and INCUBA Skejby (life science), each sited in immediate proximity to either Aarhus University or Aarhus University Hospital. The fourth site, Partnerhuset in Universitetsbyen, was added in May 2026.

INCUBA's core products are physical infrastructure and a curated innovation platform. The infrastructure layer consists of flexible office and laboratory modules rented on monthly subscriptions, with standardized configurations ranging from a 3-person module (DKK 3,741–9,320/month) to multi-module offices for 26–28 people (DKK 67,556/month), plus specialized lab modules with 1,200 m3 ventilation and a mandatory DKK 117,000 connection fee at Skejby. The platform layer comprises the INCUBA Next Level 12-month accelerator (with separate Founder Hub for startups and Investor Hub for capital partners), the INCUBA StartupLab pre-acceleration program, the annual Aarhus Investor Summit (the largest investor network outside the Copenhagen metropolitan area), and the INCUBA Award. The community houses approximately 175 companies and 1,800 founders, researchers, entrepreneurs, and specialists.

INCUBA's revenue model is sales-led and recurring, generated primarily through monthly subscription leases for office and lab space. Distribution is via direct website inquiries, phone sales across per-hub numbers, in-person property tours, and ecosystem referrals from Aarhus University and partner investor networks. Tenant companies in the INCUBA Next Level Investor Hub have direct access to Delphinus Venture Capital (DKK 600M), EIFO, and a syndicate of business angels; tenant companies collectively raised DKK 555 million in 2025. INCUBA itself reported DKK 73 million in revenue and DKK 589 million in equity for 2024, with a stated core team of approximately 25 department heads (CEO, CCO, CFO, CTO, plus Heads of Sales, Acceleration, Community, Communications, Facility/Technical Services, and supporting specialists).

Name

Incuba Venture

Legal name

INCUBA A/S

Website

https://incuba.dk

Company type

Private

Founded year

1986

Operating status

Operating

Headcount range

11–50 employees

Short description

INCUBA is a Danish science park in Aarhus operating three hubs for IT/tech, cleantech, and life science firms. It offers office and lab leasing, the INCUBA Next Level accelerator, and investor networking to 175+ knowledge-intensive startups, and is 100% owned by Aarhus University Research Foundation.

Ownership category

akta.pro rank

Product category

Science Park & Business Incubation

akta.pro primary industry

Accelerators & Incubators (Investor-Operated) (FSANAAAM)

Keywords

• Science park leasing
• Business incubation services
• Office space rental
• Startup acceleration programs
• Lab facilities leasing

Headquarters

HQ city

Aarhus

HQ country

Denmark

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Marketing or Sales, Technology or R&D

Revenue model

1. Commercial Real Estate Leasing: Incuba generates revenue primarily through leasing office space, lab facilities, and modules to startups, spinouts, scaleups, and established companies at their three hubs in Aarhus (Katrinebjerg, Navitas, Skejby). They offer various module sizes and configurations with monthly rental rates.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels10 records

Core offering

Incuba operates a science park in Aarhus, Denmark, leasing flexible office and laboratory space to knowledge-intensive startups, spinouts, scaleups, and corporates across three specialized hubs (IT/tech at Katrinebjerg, cleantech at Navitas, and life science at Skejby). The company supplements leasing with structured acceleration programs (INCUBA Next Level Founder Hub and INCUBA StartupLab), an investor network, community events, and mentorship services. Revenue is generated primarily through monthly recurring subscriptions for workspace and lab modules.

Product overview

INCUBA is a science park and premium business community for knowledge-intensive companies, not a single unified product but a portfolio of interconnected services. The core offerings include INCUBA Next Level (a 12-month accelerator with Founder Hub and Investor Hub), INCUBA StartupLab (pre-acceleration program), and flexible office/lab facilities across three hubs (IT/tech at Katrinebjerg, cleantech at Navitas, and life science at Skejby). These are complemented by community programs, investor networking events like the Aarhus Investor Summit, and the annual INCUBA Award. The ecosystem connects over 175 companies with researchers, mentors, investors, and business specialists.

Differentiator

Problem solved

Functional benefit

Products and services

• Office and Lab Facilities Flexible monthly office and laboratory space leasing across three specialized hubs in Aarhus, Denmark: IT/tech at Katrinebjerg (22,000 m2 INCUBA Next extension), cleantech at Navitas, and life science at Skejby (with laboratory ventilation and dark lab options). Modules are offered in varying sizes with services including reception, facility management, IT support, and access to community events. Tenants are startups, spinouts, scaleups, and corporates.
• INCUBA Next Level

Quantifiable outcome

• 94% of companies would recommend INCUBA
• +2 more outcomes

Named customers1 record

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eight partnerships are on record, tiered minor and core.

• InnohelperminorImplementation/ SI/ Consulting PartnerProvides guidance on soft funding opportunities for INCUBA Next Level startups, helping with applications for programs such as Innofounder, Innobooster, MUDP, SME funding schemes. Has supported more than 150 startups with funding applications.
• Connect DenmarkminorImplementation/ SI/ Consulting PartnerProvides Springboard sessions for INCUBA Next Level startups where experienced business leaders challenge strategy, business model, and growth plans with concrete recommendations.
• Søren Jensen Consulting EngineersminorStrategic or Co-development PartnerEngineering consultancy providing 12 months of free rent, ongoing business development, and specialized advice to sustainable construction startups (Re-Claim, DiFacto, Inviro) in INCUBA Next Level, in collaboration with INCUBA and Aarhus Center for Regenerative Building.
• Aarhus Center for Regenerative Building (ACRB)minorStrategic or Co-development PartnerProvides specialized advice and sparring with engineers and architects for sustainable construction startups in INCUBA Next Level, as part of collaboration with Søren Jensen and INCUBA.
• TechBBQminorGTM or Marketing PartnerNordic tech conference where INCUBA Next Level startups can showcase at INCUBA's Aarhus stand and engage with investors, corporates, and key stakeholders.
• Aarhus Investor SummitcoreGTM or Marketing PartnerAnnual investor network event organized by INCUBA where startups pitch to 200+ investors from Denmark and abroad. Includes INCUBA Award ceremony. Largest and broadest investor network outside the metropolitan area.
• Aarhus University Research FoundationcoreOthersINCUBA A/S is 100% owned by Aarhus University Research Foundation. The foundation also co-founded Delphinus Venture Capital with DKK 600M fund. Established whistleblower scheme covering INCUBA and other subsidiaries.
• Aarhus UniversitycoreStrategic or Co-development PartnerINCUBA has direct proximity to Aarhus University, enabling technology transfer, student talent access, and spinout company formation. Buildings at Gustav Wieds Vej are leased to the university for teaching facilities.

Scale indicators9 records

Recent moves9 records

Expansion highlights5 records

Regional players

• Aalto Startup Center: University-anchored startup hub in Espoo, Finland, attached to Aalto University. Comparable to INCUBA in combining workspace, acceleration, and university spinoff support, but operates on a smaller scale and with a different sector mix.
• Ideon Science Park: Leading science park in Lund, Sweden, operated in partnership with Lund University. Comparable to INCUBA in its university-adjacent model, deep tech and life science focus, and structured acceleration programs, but operates across the Øresund region rather than Denmark.
• Sahlgrenska Science Park: Life science incubator and science park co-located with Sahlgrenska University Hospital in Gothenburg, Sweden. Comparable to INCUBA Skejby in its hospital-adjacent life science model and acceleration offerings; relevant Nordic peer for benchmarking growth.

Broad incumbents

• Cambridge Innovation Center (CIC): Global operator of innovation campuses that combine coworking, lab, and acceleration services for startups and corporates. Comparable to INCUBA in its mixed-tenant (startup + corporate) model and vertical specialization, but operates across multiple cities worldwide.
• MaRS Discovery District: Large urban innovation hub in Toronto, Canada, focused on health, cleantech, and tech ventures. Comparable as a multi-vertical science park with a strong community/acceleration model, but at materially larger scale and with a different ownership model.

Emerging players

• Techstars: Global accelerator network running 3-month cohort-based programs with structured mentorship and demo days. Comparable to INCUBA Next Level Founder Hub as an accelerator offering; differs in being a pure accelerator without the underlying real estate ownership and vertical specialization.
• Founders Factory: Global venture studio and accelerator that builds and invests in startups alongside corporate partners. Comparable to INCUBA in its blend of corporate partnerships and acceleration, but operates a different build/co-invest model rather than owning physical science park infrastructure.

Direct peers

• Symbion: Copenhagen-based science park and co-working community that hosts startups, scaleups, and corporates. Directly comparable to INCUBA as a Danish science park offering office/lab space, acceleration, and investor networking in the same regulatory and cultural context.
• Scion DTU: Science park affiliated with the Technical University of Denmark (DTU) in Lyngby. Directly comparable as a university-anchored science park leasing space to knowledge-intensive startups and running acceleration programs, similar to INCUBA's relationship with Aarhus University.
• COBIS (Copenhagen Bio Science Park): Life-science focused business park in Copenhagen offering lab and office facilities to biotech and medtech companies. Comparable to INCUBA Skejby in its life science vertical focus and its model of specialized lab infrastructure for knowledge-intensive tenants.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/incuba
• Xx.com/incuba

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments5 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Incuba Venture