Abstract
This paper proposes a model to evaluate business projects to get into an incubator, allowing to rank them in order of selection priority. The model combines the Momentum method to build prospective scenarios and the AHP-TOPSIS-2N Multiple Criteria Decision Making (MCDM) method to rank the alternatives. Six business projects were evaluated to be incubated. The Momentum method made it possible for us to create an initial core of criteria for the evaluation of incubation projects. The AHP-TOPSIS-2N method supported the decision to choose the company to be incubated by ranking the alternatives in order of relevance. Our evaluation model has improved the existing models used by incubators. This model can be used and/or adapted by any incubator to evaluate the business projects to be incubated. The set of criteria for the evaluation of incubation projects is original and the use of prospective scenarios with an MCDM method to evaluate companies to be incubated does not exist in the literature.
Highlights
Javier Santos-ArteagaPotential entrepreneurs seek in business incubators the necessary help to achieve success in their ventures
We found a gap in publications that include the subjects of prospective scenarios, business incubators and multicriteria
It can be said that companies that undergo incubation programs are better able to survive in the high competition market since, in qualifying entrepreneurs and enterprises, the graduated companies have competitive differentials that provide greater survival capacity over time
Summary
Javier Santos-ArteagaPotential entrepreneurs seek in business incubators the necessary help to achieve success in their ventures. Work on incubators has focused on performance and evaluation indicators of incubated proposals and companies, but when evaluating a business or project plan, they do not mention considering prospective scenarios in their evaluations. The high mortality rate of companies of different branches in the first years of life has been discussed in the academic environment, especially the small and medium ones. In this context, the incubators of companies are inserted, which has the purpose of helping these new companies to enter the market, through an aid called consulting. “the extent and importance of firm activity during incubation period are revealed by the records of inter-firm alliances and acquisitions” [14] (p. 573)
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