Entrepreneurship, Innovation, Incubator and Economic Development: A Case Study

Abstract

Abstract — Theobjective of this paper istwofold: (1) discuss andanalyze the successful case studies worldwide, and (2) identify the similarities and differences of case studies worldwide. Design methodology/approach: The nature of this research is mainly method qualitative (multi-case studies, literature review). This investigation uses ten case studies, and the data was mainly collected and organizational documents from the international countries. Finding: The finding of this research can help incubator manager, policy maker and government parties for successful implementation. Originality/value: This paper contributes to the current literate review on the best practices worldwide. Additionally, it presents future perspective for academicians and practitioners. Keywords — Incubators, Economic Development, Entrepreneurship, Innovation. I. I NTRODUCTION NCUBATOR is an attractive tool for the economic development and helps new business growth through the provision of a support of the start-up companies and business incubation program have been the ability to generate jobs that remain in the community at a generally low public cost [20]. Business incubators play a key role in providing support to emerging entrepreneurs, predominantly in the initial stages of their firm’s lifecycle. They provide a range of services from hardware such as shared offices, access to research labs to software such access to knowledge and network pools to start up companies. Business incubators can be particularly valuable in helping to develop local economies, promote technology transfer, create new enterprises and generate jobs and fostering entrepreneurship [4]. Business incubators have evolved from other business development services and grown rapidly. Furthermore, the incubator managers provide ventures with tangible services till the start-up companies reach the market [25]. In this study case, personal skills, career building skill and social inclusion are focused upon in order to analyze the entrepreneurial skills. Business incubators contribute to the international economy and play a vital role not only in the economic recovery but also in economicdevelopment. International adaptation leads to the support of diverse economies, the commercialization of new technologies, jobs