Business Incubator Center Research Articles

창업보육센터의 메타 효율성 분석 및 효율성 영향요인

This study measured the meta-efficiency of 85 business incubator centers located in Seoul and Gyeonggi-do in 2016 using data envelopment analysis. This study also employed bootstrap truncated regression to analyze the relationship between the business incubators’ operational policies and meta-efficiency based on the CRS and VRS. The major aspects of this study are as follows. First, the average meta-efficiency of a business incubator center in Seoul is greater than that of a center in Gyeonggi-do. This result demonstrates that business incubator centers in Gyeonggi-do need strategic alternatives to maximize an incubator’s performance. Second, managers’ capabilities and educational levels supporting business incubator centers have positive effects on the meta-efficiency score, thus indicating a need to improve efficiency by adjusting resource allocation and incubator center capacity. This study’s findings suggest strategic operational plans to cope with the fluctuations in the internal and external environments and to identify the best-practice business incubator centers that others can emulate. Furthermore, the results may help practitioners understand the business incubator centers’ environment from an operator’s perspective as well as offer strategic initiatives for efficient operation management.

English

Beekeeping has been a thriving enterprise among farmers in selected parts of Zambia. However, despite its enormous potential for transforming rural communities and through income generation, the beekeeping sector has experienced stunted growth for many years (or has not experienced meaningful growth for many years). Therefore, this study investigates the nature of beekeeping in selected parts of Zambia’s Central Province in order to identify the challenges being faced and the possibility of establishing a business incubation centre at Mulungushi University if the current supporting facilities are not optimal. The study reveals that there is a growing interest among the farmers to venture into beekeeping and the majority regard it as an alternative venture for income generation. Although, the production levels are not high as expected, there is great room for growth if the current setbacks are dealt with. The main challenges cited include inadequate financial support; lack of markets, charcoal burning, land conflicts, water challenges, knew knowledge and modern technology among others. The main recommendation of this study if for Mulungushi University to establish a business incubation centre to act as a conduit for support an exchange of knowledge with the beekeepers. The beekeepers also need sustained financial and material support from the government and cooperating partners. Lastly, there is need for the key stakeholders to converged and put their efforts together.   Key words: Capacity building, beekeeping, Central Province, Zambia, business incubation.

A Study on the Performance of the Graduation Firms from the Business Incubator Center for Support of the University Business Incubator - Focused on Graduated Firms of Gyeonggi Province

A Study on the Performance of the Graduation Firms from the Business Incubator Center for Support of the University Business Incubator - Focused on Graduated Firms of Gyeonggi Province

Business Incubation in Uganda, Services, Processes and Incubatee Perceptions- A case study

Purpose-This paper examines the nature of services and processes of business incubation. Its specific objectives are to establish the nature of services offered by business incubation centers in Uganda, examine the incubation process and to establish the perception of business incu- batees about business incubation services using a case of FinAfrica a private social enterprise. Methodology-This paper presents findings from one incubation center FinAfrica as a case study. Ethnographic design is adopted while observation and interview methods are used to collect data. Results-Key services offered by FinAfrica incubation center include entrepreneurial training, provision of office space, legal and accounting services, mentoring, coaching, entrepreneurial networks and general office administration. The centre has a unique business incubation model which starts with motivating people to start businesses, capacity building, business registration, and ends with graduation after attaining capability for self-sustainability. Incubatees perceive the services offered by the incubation centre as helpful through training, affordable office space, entrepreneurial ecosystem and opportunities for a lean startup. Implications- While this study does not offer statistical inferences for generalisation because of the qualitative design and single case, the exploration of FinAfrica provides insights about how Incubation centers need to plan for positive and sustainable entrepreneurial impact for startups. There is need for more Government and other development partners’ involvement in business incubation and post incubation support for competiveness and growth. Originality/value- This study provides insights about the key services offered in the incubation process and provides insights into the perceived benefits of business incubation. It also contributes to literature about business incubation with practical evidence from an emerging economy whose focus is on private sector development and innovation promotion.

Role of Incubation Centers in Growth of Small-Scaled Businesses in Afghanistan

For past three-years unemployment has been growing in Afghanistan, which has caused many socio-economic problems. One of the solution to this problem is private sector development. A lot of attention has been paid toward attraction of investments at large scale from private sector, however, experience of many countries including industrial economies show that small scaled businesses has contributed to employment and economic development to remarkable extend. Small scaled businesses have a very high rate of failure at their initial stage. Development of these businesses requires promotion of entrepreneurship. This study attempts to highlight the role of business incubation centers for this purpose in Afghanistan context. Studies have shown that factors such as incubation centers physical infrastructure, provision of business assistance, management guidance and counselling, enabling environment and sound practices of incubation centers have led to survival and growth of many small businesses. Through extensive review of literature this paper has defined the above factors in the form of services to be rendered by incubation centers and has highlighted their role on fostering entrepreneurship. With a scientific approach the analysis of this study has identified how these services are perceived by its recipients i.e. tenant companies. Basically tenant companies are entrepreneurs who receive incubation centers services to minimize the chance of their businesses failure. The result reveals that many services that incubation centers claim to offer them efficiently must be improved as many of these services perceived to be ineffective or neutral by their recipients. Furthermore, through the use of statistical tool this study has identified gaps between business incubation practices in global context and Afghanistan. The purpose of this analysis is to introduce best practices that have great impact to success of business incubation centers and thus, survival and growth of small companies that can lead to economic development.

Production of good quality wine from single and mixture of fruit peels

Processing fruits into juices and related products generates a lot of wastes in form of peels which cause disposal problems. This paper summarizes the outcomes of a study of an alternative utilization of these wastes into wine making that could tremendously minimize financial disposal requirements. Averagely, 80kg of peels yielded 180, 144 and 72 liters of wine from pineapple, mango-pineapple mix and mango peels, respectively. In this study, three products were formulated which involved mango peels, pineapple peels and a mixture of mango and pineapple peels in the ratio of 1:2.25, respectively. The effects of initial total soluble solids (24, 26 and 2 o Brix) on physical and sensory characteristics of musts and wines were examined. The results showed that during fermentation for 6 months the total soluble solids of all musts decreased to 10.1, 11.4 and 14.5 o Brix, respectively while the pH was decreased from 4.5 to 3.65-3.78. The resultant wines had significantly different alcohol content at P 0.05), while color, clarity, and alcohol strength were generally similar in all the three aged wines. Samples made from mango and pineapple peels mix showed the highest overall acceptance. It was also observed that whereas this wine was made from cheap and readily available raw materials, it can be sold at relatively lower prices hence offering a competitive advantage over other local producers and economic feasibility. The Food Technology and Business Incubation Center (FTBIC) should, therefore, now aim at scaling-up production of these wines for commercialization. In order to out-compete imported brands, applying attractive flavorings and colorants to the peel wine will help in promoting the wine over the imported brands. Farmers should also be advised to eliminate or reduce fungicide and herbicide utilizations during production of pineapples since the residual agro-chemicals may greatly affect the quality of the product from the peels Key words : Mango, pineapple, fruit peels, wastes, wine, brix, alcohol, total soluble solutes

Role of Technology Business Incubators to Nurture Entrepreneurship: A Study on Pakistani Universities

The purpose of this study is to explore how technology business incubation centers established in different universities of Pakistan playing their role to cultivate the entrepreneurial culture and providing support to startups. These incubation centers are also facilitating those who have some new innovative ideas to get them converted in successful business by providing professional support, business advices and exposure to entrepreneurial networks. One of the objectives of these incubators is to promote the entrepreneurial culture among students from the start of their study programs to change their mindset from job seeker to job provider. Based on observation this study identifies that technology business incubation centres provide the wide scope of resources and facilities to assist the startups ranging from prototype development to learning how to commercialize technological ideas, bridging the gap between academia and industry to providing the platform to industry as well in resolving their issues by providing the effective solutions. Tenants firms provided with opportunity to learn from multipurpose experiences of big industry icons by arranging informative workshops and seminars.

A Collaborative Framework between Industry and Academia to Stimulate Entrepreneurship through Business Incubation

Entrepreneurship development has increasingly become a global solution to address the problem of rising unemployment. Science, Technology and Innovation (STI) have become important tools in improving the economic performance and social well-being of nations. When universities and industry work together to push the boundaries of knowledge, they become a powerful engine for innovation and economic growth. This paper is based on focus group interviews and discussions conducted with key players involved in the HIT-Sandown-UNDP Business Incubation Programme in Harare Zimbabwe. The business incubation project sought to support young Zimbabweans to transform their technical prototypes into commercially and socially viable ventures. As a result, a total of 10 prototypes were refined and investor ready business plans were developed for capital sourcing purposes. It was only through the coming together of the partners that real transformation of the lives of the participants was achieved through learning valuable business skills, coaching and mentoring. University-industry partnerships are a useful vehicle of setting up sustainable business incubation centres.

Indoor climate assessment: A case study at a business incubation centre

This paper reports on an indoor environmental quality audit performed in two buildings of Instituto Pedro Nunes, a business incubation centre linked to the University of Coimbra, in Portugal. The study started with an analysis of the current situation using two approaches: subjective, based on occupant surveys, and objective, through the measurement and analysis of thermal comfort and indoor air quality parameters, during both the summer season and the winter season. From this study resulted that the performance of the building systems is acceptable for the majority of the occupants, but the level of energy consumption does not necessarily translate into an improved occupants’ comfort. A set of simple improvement measures is proposed aimed at addressing some complaints regarding thermal discomfort while promoting potentially large energy savings of up to 57%.

Principles of Venture and Business-Angel Investments

Positive state policies in the developed countries of the world are directed towards fundamental transformation and development of innovative economical sector. One of the most principle ways for solving tasks of priorities set for economic development is correct guideline of innovative activities; particularly, processing and implementation of the programs of public and private partnership in the financial, investment and infrastructural sectors; creation of wide network of state-private venture funds, techno polis and business incubator center and etc. Herewith, extended nature of the terms of repurchasing of innovative and especially ? venture investments shall be emphasized. Business-angel, primary, seed and start-up investment sectors are not developed in Georgia and it includes narrow circle of projects; herewith. Neither venture capital, not ? institution related with it own serious financial resources. It is often very difficult to find common language between participants of innovative projection and investment processes; sometimes the parties do not understand each other; in the process of searching for investments, sometimes difficulties of preparing business-offers take place and etc. Due to this fact, many of potential interesting transactions are cancelled at the stage of negotiations.

서비스의 질적수준 및 도움정도가 기업의 특성에 따른 만족도에 미치는 영향에 관한 실증연구 : 창업보육센터 지원서비스를 중심으로

산업사회에 있어 시대의 화두는 창업인바 창업의 활성화는 새로운 직업을 창출함으로써 고용극대화와 경제전반에 걸친 활성화에 중요한 역할을 담당하고 있으며 그 유인책중 하나가 창업보육시스템이고 그 중심에 창업보육센터가 있다. 이에 본 연구는 창업보육센터 지원서비스의 질적 수준 도움정도가 만족도에 미치는 영향을 실증적으로 분석함으로써 창업보육센터의 효율적 운영방향과 정책방향을 수립하는데 기여하고 하나의 논의의 단초를 제공하고자 한다. 이를 위해 선행연구를 바탕으로 설문지를 개발하고 총500부의 유효 표본을 대상으로 연구를 진행하였다. 연구결과 창업보육센터가 입주기업이나 창업 준비자에게 제공하는 서비스 중 질적 수준과 도움정도는 센터 및 지원서비스에 대한 만족도에 유의한 영향을 주었으며 매니저의 역량과 관련기술특성은 만족도에 유의한 영향을 주는 것으로 나타났다. In industrial society, the conversation topic of this period is mainly business start up, and revitalization of business start-up, through creation of new jobs, is playing an important role in employment maximization and revitalization of economy in general; one of those inducements is a start-up business incubation system, in whose center exists a start-up business incubator center. Hereupon, this study is intending to contribute to setting up the efficient operation direction and polity line, and provide a clue to a discussion by empirically analyzing the influence of quality level and degree of assistance of a start-up business incubator on satisfaction. For this purpose, this study developed a questionnaire on the basis of the preceding researches and conducted its research targeting a total of 500 valid samples. As a result of doing research, it was found that the quality level and assistance degree of services provided to a move-in company or a preparator of business start-up has a significant influence on satisfaction with the center & support service, and a manager's capabilities and related technology characteristics had a significant influence on satisfaction.

Challenges Faced by the Mary Mount Catholic Parish in Establishing a Business Incubation Centre in Rushinga, Mashonaland Province, Zimbabwe

The Rushinga Mary Mount Roman Catholic Parish attempted to establish a Business Incubation Centre in response to increasing levels of unemployment and in line with the Catholic Social Teachings. This initiative met some challenges namely financial constraints, lack of physical space, and unavailability of qualified staff, lack of infrastructure such as electricity, roads and telephone connection.

Entrepreneurship Development: Role of STEPs, and Innovation and Business Incubation Centres

Among a number of approaches adopted for entrepreneurship development, the article refers to two important recent experiments: Science and Technology Entrepreneurs Parks (STEPs), and Technology Business Incubators / Innovation and Business Incubators. STEP is promoted by the Union Department o f Science and Technology (DST), and the incubators approach is spreading fa st in a variety of ways among reputed educational institutions. A prudent blend of technological and managerial specialisations is the anyfor the success of any enterprise. These can be in the same person or in a group of persons associated with the enterprise. Conceptual framework and instances of involvement of a number of educational institutions are cited as models for replication in other parts of the country, particularly with focus on technically and managerially qualified and well equipped youth willing to take up entrepreneurial career for promoting innovative ventures.

Quality Attribute Classification of Service Elements in Business Incubation Center

Quality Attribute Classification of Service Elements in Business Incubation Center

Innovaciones biotecnológicas: una joven emprendedora en ciencia y tecnología

Este caso presenta la situación de una emprendedora que, recién graduada de la universidad, decide formar su propia empresa junto con dos compañeros más, con el apoyo de un centro de incubación de empresas y después de ganar un concurso de emprendedores. La empresa compite en un mercado no tradicional, donde hay uso intensivo de conocimiento: la asesoría en ecoeficiencia. Al cumplir el primer año de operaciones, los dos socios de la protagonista decidieron dejar la empresa y ella se enfrenta a una serie de decisiones tanto de índole personal como empresarial. El caso tiene dos abordajes centrales: la creación de empresas entre personas jóvenes en un entorno como el costarricense, similar al de muchos países latinoamericanos; y la evaluación de ideas de negocios y posibles estrategias de ingreso al mercado.

Corporate social responsibility, Waqf system and Zakat system as faith-based model for poverty reduction

Purpose– Poverty is a plague which has continental manifestation, but its impact is heavily felt in several Muslim majority nations (MMNs), where unemployment, illiteracy, chronic diseases, food shortage, sectarian wars and wave of militancy are surging at alarming rates. The purpose of this paper is to develop a faith-based model (FBM) to complement the conventional poverty reduction models. Experiences have shown that FBMs find more acceptability among Muslim nations because they have theoretical and theological underpinnings from the Qur’an and Hadith, as opposed to conventional models that are often viewed with suspicion, sequel to Islamic revivalism.Design/methodology/approach– This research adopts a qualitative research method relying on secondary data/information sourced from CIA Factbook, previous scholarly works, working papers, case studies and relevant internet resources. In line with methodological approach of qualitative research, the secondary data/information were subjected to content and thematic analyses (CTA) from which facts, figures and presumptions were derived to support the FBM.Findings– The paper justified the plausibility of integrating corporate social responsibility (CSR), Waqf system (WS) and Zakat system (TZS) as FBM for poverty reduction, enterprise development and economic empowerment in MMNs.Research limitations/implications– The gap left behind by the paper is for future researchers to carry out an empirical investigation on the viability or otherwise of the FBM. This could include the governance structure, operational modalities and regulatory frameworks that would enhance the functioning of the FBM.Practical implications– FBM framework is practically a corporate social investment (CSI), which would be heavily funded by Zakat payers, CSR donations and Waqf. The funds would be deployed to poverty reduction in a number of ways ranging from training, micro-credit support for SMEs, apprenticeships, setting up technology business incubation centres, cluster development, infrastructural development in industrial parks, as well as providing welfare support services to the poor, marginalised communities and other economically disadvantaged groups.Originality/value– The theoretical research is a contribution to theory and practice of CSR in the field of management and Islamic economics. It has developed a FBM for adoption by MMNs who are hesitant in adopting western model for fear of compromising their ethical values.

셀프리더십이 창업의지에 미치는 영향 요인에 관한 연구

창업의 원천이자 출발점이라 할 수 있는 창업의지는 경제발전을 위한 원동력이나 다름없다. 본 연구는 그 중요성을 인식하고, 창업자의 셀프리더십과 창업의지 간에 창업효능감과 내재적 동기의 매개역할을 중심으로 변수 간 의 인과관계를 고찰하였다. 그동안 창업의지의 영향요인에 관한 연구가 이루어져 왔으나, 셀프리더십과 창업의지와의 연관성을 살펴 본 연구는 전무한 실정이다. 창업을 하면 조직을 구성하게 되고 창업자는 조직구성원들을 이끌어 가기 위한 리더십을 발휘해야 한다. 그러기 위해서는 리더십을 발휘하기 이전에 셀프리더십이 선행되어야 하며, 이를 위해 서는 리더 자신의 동기와 효능감이 수반되어야만 한다. 따라서 본 연구는 잠재적 창업자가 아닌 창업자의 셀프리더십 과 자기효능감 및 내재적 동기와의 인과관계 규명을 통하여 보다 명확한 창업의지관련 이론적?실증적 시사점을 제공 하고자 한다. 이를 위해 창업보육기관 입주기업의 창업자로부터 받은 설문지 195부를 실증 분석하였다. 분석 결과, 첫째, 셀프리더십이 창업효능감과 내재적 동기에 긍정적인 영향을 미치는 것으로 나타나, 셀프리더십이 창업효능감과 내재적 동기의 선행변수임을 알 수 있다. 둘째, 창업효능감과 내재적 동기가 창업의지에 긍정적인 영향 을 주는 것으로 나타났다. 결국 창업의지를 높이기 위해서는 창업효능감과 내재적 동기의 역할이 중요함을 의미한다. 셋째, 본 연구의 핵심이라 할 수 있는 셀프리더십과 창업의지 간에 창업효능감과 내재적 동기의 매개효과를 보였다. 따라서 창업의지를 높이기 위해서는 창업효능감과 내재적 동기의 중요성을 인식하고 이를 증강시켜야 하며, 이를 위 해 셀프리더십이 전제되어야 한다는 개념을 깊이 인식해야만 한다. 이와 같은 본 연구결과에 따라, 이론적 ?실무적 시 사점을 제공하고자 한다.

HUBUNGAN KUALITAS INFORMASI AKUNTANSI KEUANGAN SYARIAH DENGAN KINERJA KEUANGAN BAITULMAL WATTAMWIL (BMT) DI KOTA MAKASSAR

This study empirically tested to determine he correlation between information quality of haria financial accounting consists of: relevance, reliability, comparable, consistent and understandable financial performance of BMT in Makassar. Target population was 25 BMT guided by Small Business Incubation Center (PINBUK) Makassar. In the implementation of 25 BMT that was only 13 BMT reported their activities actively in the form of financial statements, and who has complete financial statements just as much as 12 BMT, then the BMT-12 is being sampled in the study. The test results of partial correlation analysis with Spearman Rank correlation, suggesting that sharia financial accounting information quality has a positive and significant relationship with financial performance. The results of the analysis has indicated that the quality of each aspect of the quality of accounting information is better, Thus the financial performance of BMT will be better too. The results of multiple correlation testing by Kendall Concordance Correlation analysis of all aspects: reliability relevance, comparable, consistent, understandable financial performance, and significantly positively correlated with the very high category. Thus improving the quality offinancial accounting information will be followed by financial performance improvement.

English

The most widely used model in multivariate analysis of survival data is proportional hazards model proposed by ox. While it is easy to get and interpret the results of the model, the basic assumption of proportional hazards model is that independent variables assumed to remain constant throughout the observation period. Model can give biased results in cases which this assumption is violated. ne of the methods used modelling the hazard ratio in the cases that the proportional hazard assumption is not met is to add a time-dependent variable showing the interaction between the predictor variable and a parametric function of time. In this study, we investigate the factors that affect the survival time of the firms and the time dependence of these factors using ox regression considering time-varying variables. The firm data comes from Business evelopment enters (ISG M) which is a prominent business incubation center operating in urkey.

Grassroots Innovations to Techno-Entrepreneurship through GIAN – Technology Business Incubator in India: A Case Study of Nature Technocrats

Entrepreneurship is the solution to solve a problem of unemployment in any economy. Normally, we think of Technology innovations, we think of Engineers from top Technology Institutions. But innovations may also come from Grassroots people. This paper gives the Case study of Nature Technocrats – small business firm of Arvindbhai who has been supported by GIAN (Grassroots Innovations Augmentation Network), Technology Business Incubator for Grassroots Innovations in India. In India, there are many Technology Business Incubation centers but approach of GIAN is unique as it supports Grassroots innovators. This paper has come out of a larger study with Research design: Multiple Embedded Descriptive Case Study. The process of GIAN with unique mechanism of commercializing the Grassroots innovations is described. The problems in this area are also described. This case study may inspire other agencies in India or other countries too for working in the area of Grassroots innovations to Techno-entrepreneurship. Keywords: Grassroots innovations; Technology innovations; Techno-Entrepreneurship; GIAN; Technology Transfer.