Abstract: As the internet entrepreneurship flourishes, research on the incubation needs of internet entrepreneurship is a key factor to optimize incubator supply and solve the problem of homogenization. This paper analyzed the demands for internet entrepreneurship incubation and its spatial characteristics, depicted the spatiotemporal evolution characteristics of internet entrepreneurship by using Guangzhou as a typical case, distinguished the main external factors affecting the location decision of internet new startups and their utility levels through benchmark regression, and identified the location preferences of different feature companies for different feature incubation environments through heterogeneous regression. The study showed that: (1) although the internet has the characteristic of "de-spatialization", the spatial layout of internet entrepreneurship development over time shows a more obvious clustering status, and the intensity of clustering is constantly increasing; (2) for internet new startups, the incubation environment dividend still exists, but there are structural differences; (3) internet entrepreneurship has a novel population agglomeration effect, and factors such as virtual agglomeration access conditions and livable and business-friendly environments have become important location preference factors for entrepreneurship; and (4) the demands for professional incubators in internet entrepreneurship is continuously increasing. In a professional incubation environment, internet startups can obtain incubation benefits in financing capabilities and industry clustering. The findings of the study will provide insights for the layout of the internet economy and the construction of internet professional incubators.

Key words: internet entrepreneurship, incubator, space-time adaptation