Research on Influencing Factors of Incubating Firms' Performance by Incubators of Large Companies

Abstract

With the continuous growth of innovation and entrepreneurship, domestic incubators have developed rapidly. A group of incubators built by large companies such as Tencent, China Resources, Vanke and so on has emerged to provide the entrepreneurial service chain which contains a series of professional services such as project matching, training, early investment, finance, and law for start-ups. However, more and more scholars are concerned about the graduation rate, survival rate, innovation performance, and corporate performance of startups that have settled in such incubators. Can startups achieve higher performance in such incubators? In this paper, by means of questionnaires and literature research, the top management opinions from 78 incubator companies were collected and 9 hypotheses were put forward. At the same time, SPSS is used to analyze the factors that influence the performance of incubator start-ups. As a result, it was verified that influence factors, including external network relationships, incubator management and service, all have a positive impact on the internal and external performance of startups, while public platform utilization only has an impact on internal innovation performance and financing performance. It has no effect on external enterprise-scale performance. Finally, this article proposes relevant recommendations and conclusions for incubators owned by large companies.