Abstract
Business incubators have been widely developed to advise, support, promote, and provide a nurturing environment for new business start-ups and entrepreneurs. The development of a framework for capability assessment allows the management of each incubator to understand its strengths and room for further improvement. Moreover, assessment results across a community, such as a nation or state, can provide insights into resource allocation and various management policies so that policymakers can support the development of business incubators under their supervision. This article describes the development of a capability assessment framework for business incubators (BIs) in Thailand. A case study demonstrating how the capability assessment is analyzed is also presented in the article.
Highlights
The results showed that the current business incubators in those countries are mainly supported by the federal government, such as the ministry of ICT, ministry of education, and/or ministry of science
This study addresses two research questions of how the capabilities of business incubators can be assessed and what dimensions of capabilities and their measuring parameters should be used for assessment
This paper, the proposed for capability assessment of business incuisbators developed and applied business
Summary
Thailand’s business incubator was first initiated in 2002 at the country’s National. Centre was established to support startup companies and firms with innovative and technologically driven products. The third platform of non-governmental agencies is run by private companies/firms in different industrial sectors, for instance, telecommunication service providers and real estate companies. These are companies such as AIS The Startup, The FinLab Accelerator. A critical problem of the country’s university business incubator is a lack of strategic support and insufficient, fragmented, and uncertain financial resources. This is due to the lack of understanding of the risky nature and financial support of start-ups, the technologically based ones. Financial resource support provided by UBI has been spread too thin (due to program rigidities) and has been spent inefficiently (such as duplicate trainings) [7,8]
Sign-in/Register to view highlights & summary 
Published Version (
Free)
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
