Abstract
As the former socialist countries begin to recognize the role small enterprise can play in their economies, many are trying out business incubators as a means of helping start-up small businesses through the early stages. This article outlines the essential features of business incubators – their office facilities, accommodation, and advisory services – and their potential for creating technology-based enterprises, as well as describing their shortcomings. Operations in the U.S. are reviewed, together with recent applications in China and Poland. The applicability of the incubation system in eastern Europe and central Asia is analysed.
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