Looks like I might not have been clear enough about what I mean by develop/incubate.
No, I am not planning on creating new coins, though I am not opposed to creating a new coin someday under the right circumstances.
Rather my plan is to mine and develop/incubate existing coins. Basically we would find coins that are fundamentally sounds but need improvements, for example a better wallet UI, we then go in and mine the coin using a portion of the proceeds to pay developers to make the improvements (better wallet UI in this example).
I loved it, still do.