It seems like everyone’s worried about an incubator bubble, but seriously — Lemnos Labs is doing something different. It’s not just incubating for the latest social network or iPhone app. Instead, it’s looking for startups that build hardware.
At first, hardware and incubators sounds like an odd match, since the incubator boom is driven, at least in part, by the way that the Web has driven down the costs of starting a company. Hardware, on the other hand, sounds expensive and not conducive to the rapid iteration that that’s now part of startup doctrine. However, co-founder Jeremy Conrad says that thanks to developments like rapid prototyping, it’s becoming faster and cheaper to build a hardware startup too.