Role Of Business Incubators Research Articles

Seeding young entrepreneurs: The role of business incubators

This study focusses on young entrepreneurs and considers the extent of business incubators’ impact on the development and visibility of projects headed by young people. To do so, we analyse incubators’ role as ecosystems for entrepreneurship in Spain based on the 2023 Funcas survey. First, we categorised incubators according to entrepreneurs’ age, defining young incubators as those in which most of the businesses are run by individuals under 35, excluding those over that age. We analyse variables that include the services offered and the frequency of events or training within the incubators to determine which approaches benefit or harm young entrepreneurs. This study uses a statistical approach, with quantitative data from the questionnaire as a starting point to characterise and identify young entrepreneurial profiles in business incubators. We develop and test two hypotheses using the chi-squared test, which is a non-parametric (distribution free) technique. Finally, we include a brief analysis of young entrepreneurs’ personality traits to shed light on some defining characteristics, concluding that personal initiative is a key feature amongst entrepreneurs under the age of 35. We conclude that the incubator system in Spain harms young entrepreneurs and propose some relevant recommendations to reverse this trend.

The Role of Business Incubator as a Reinforcement of Entrepreneurial Literacy Influence on Vocational College Students Entrepreneurial Interest

The Role of Business Incubator as a Reinforcement of Entrepreneurial Literacy Influence on Vocational College Students Entrepreneurial Interest

The Role of Business Incubators in Enhancing Human Resource Competence and Encouraging Entrepreneurship among Young People

The Role of Business Incubators in Enhancing Human Resource Competence and Encouraging Entrepreneurship among Young People

The Role of Business Incubators in Promoting Entrepreneurship in Uttarakhand

This Research explores the role of business incubators in promoting entrepreneurship in Uttarakhand, India. The state of Uttarakhand, known for its natural beauty and cultural heritage, has been striving to foster entrepreneurship as a means of socio-economic development. Business incubators play a crucial role in nurturing startups, providing them with essential resources, mentorship, and networking opportunities to thrive in a competitive market environment. However, the effectiveness of business incubators in promoting entrepreneurship in Uttarakhand remains underexplored. This research aims to fill this gap by examining the impact of business incubators on entrepreneurship in Uttarakhand. It employs a mixed-methods approach, combining quantitative analysis of survey data with qualitative insights gathered through interviews and case studies. The study investigates the awareness, perception, and engagement of entrepreneurs with business incubators, as well as the challenges they face and the support they receive. Key words; Cultural Heritage, entrepreneurship, business incubators, startups, resources, mentorship.

Examining incubated and nonincubated startups from fear of failure and entrepreneurial well-being during crises

PurposeThis research aimed to examine entrepreneurial fear of failure and entrepreneurial well-being from the perspectives of incubated and nonincubated startups during crises.Design/methodology/approachData were collected by distributing online questionnaires to 152 respondents comprising 43 incubated and 109 nonincubated startups in Indonesia. A multivariate discriminant analysis procedure was used to examine the interrelationships between both groups at the discovery, validation, customer creation and construction stages.FindingsThe result showed a significant difference between these startups at various stages, which was analyzed to provide insights into the relevant dimensions of fear of failure for startups. The essence of entrepreneurial well-being during crises is in accordance with the role of business incubators in an emerging market economy.Practical implicationsStartups need to innovate in order to grow while considering other factors such as work-life balance and financial resource availability. This is important to ensure they have sufficient motivating dosage of fear of failure.Originality/valueThe present study evaluates incubated and nonincubated startups in an emerging market economy by using both the entrepreneurial fear of failure and well-being to capture possible differences between groups. The context of pandemic crises helps us formulate appropriate approaches taken by incubators and startups in the future crises.

The role of business incubators in Saudi universities in supporting entrepreneurial thought in light of the knowledge economy and the requirements for its activation according to reference documents

هدف البحث إلى التعرف على دور حاضنات الأعمال الجامعية في دعم الفكر الريادي في ظل اقتصاد المعرفة ومتطلبات تفعيلها وفقًا للوثائق المرجعية، باستعراض جهود حاضنات الأعمال الجامعية في دعم الفكر الريادي من خلال التقارير الدورية والختامية والخطط الاستراتيجية للحاضنات وبياناتها الكمية والنوعية، ثم الكشف عن معوقات نجاح هذه الجهود، ورصد السياسات المقترحة لتعزيزها وتحسينها. واستخدمت الباحثات المنهج الوصفي التحليلي الوثائقي؛ باستعراض الأدبيات المرتبطة بمتغيراته؛ خلال فترة زمنية، للتعريف بالابتكار وجهود الجامعات السعودية في تعزيز دور حاضنات الأعمال في دعم الفكر الريادي ومشروعات ريادة الأعمال والابتكار والإبداع، كما تم رصد مجموعة من السياسات المقترحة لدعم وتعزيز هذا الدور. وتوصل البحث إلى أن لحاضنات الأعمال الجامعية جهودًا بارزة في دعم الفكر الريادي الجامعي ؛ ولكنها لا تزال في مجال الإنتاج غير المُستدام للمعرفة، ولم تنتقل لتحويل المعرفة لمشروعات ريادية، ولم تصل هذه الجهود للدور المأمول منها في الاحتضان والرعاية وتحقيق الاستدامة والتنافسية، وأرجع البحث ذلك لمجموعة من المعوقات ترتبط فيما بينها بعلاقات نسبية متداخلة، تجعلها تؤثر وتتأثر فيما بينها بشكل تكاملي وهذه المعوقات هي معوقات بشرية وتنظيمية ومالية ومجتمعية ومعرفية، وفي ضوء نتائج البحث، تم تقديم عددا من التوصيات لتفعيل دور حاضنات الأعمال بالجامعات السعودية، من أهمها زيادة التمويل الحكومي والخاص لحاضنات الأعمال، توفير التدريب والتأهيل للكوادر البشرية العاملة في حاضنات الأعمال، تعزيز التعاون بين حاضنات الأعمال بالجامعات السعودية.

The Role of Business Incubators in Local Economic Development

This paper aims to (i) understand the functioning and importance of incubators in supporting the creation of new business and local economic development, as they help locally engage young entrepreneurs and thus retain expertise, for example in regions farthest from large urban centers; (ii) realize the importance of incubators and science parks in the development of start-ups; (iii) understand the role of education in promoting entrepreneurship; and (iv) understand the competitive environment as it becomes more complex and dynamic, as there are opportunities to serve customers who are dissatisfied, thus the threats that large companies experience offer small business opportunities.

Factors Contributing to Sustainable Growth Performance in Indonesian SMEs: The Role of Business Incubators

Factors Contributing to Sustainable Growth Performance in Indonesian SMEs: The Role of Business Incubators

The Role of Business Incubators in Fostering Innovation and Technological Advancement in India

The Role of Business Incubators in Fostering Innovation and Technological Advancement in India

The Role of Business Incubators in Encouraging Students to Develop Entrepreneurial Ideas

In the midst of increasingly fierce competition, students as the younger generation have the potential to become innovative and highly competitive entrepreneurs. However, the first step in the entrepreneurial journey, namely developing a viable business idea, is often an obstacle for many students. The purpose of this study is to examine more deeply the role of business incubators in encouraging students to develop entrepreneurial ideas. This research is a literature review that uses a qualitative method approach, which means it will analyse and interpret data by relying on information and text from various sources. The study results show that the role of business incubators in encouraging students to develop entrepreneurial ideas is crucial. Business incubators provide a supportive environment, valuable resources, training, infrastructure, funding sources, and collaboration opportunities that all contribute to the development of creative ideas into successful businesses. Business incubators also help develop the entrepreneurial character and mentality necessary to face the challenges and uncertainties of the business world.

The Role of Business Incubators in Promoting Entrepreneurship of Higher Education Institutions

This study aims to measure the influence of university incubators on promoting the culture of entrepreneurship and to what extent these incubators guide and motivate students, teaching staff, and university employees to achieve entrepreneurial achievements in various disciplines and fields. The questionnaire was used as a tool to collect the required data. The study population consists of students, teaching staff, administrators, and employees from almost all Jordanian universities, which are estimated to be more than tens of thousands. We distributed the questionnaire among 14 universities, and only 310 responses were collected. Based on the results of the questionnaire that were statistically analyzed, presented, and processed we believe that business incubators are like any existing project. Universities must pay attention to all matters that may lead to their success, including attention to all administrative, financial, and marketing matters, in addition to paying attention to all work they carry out, including the mechanism of helping small projects. It is necessary to introduce an entrepreneurship course within the compulsory requirements at the university level and for first or second-year students, because of its importance in spreading the culture of entrepreneurship among students. We hope that our recommendations will change the horizons of the university community and intellectual level and convert graduate students from “job seekers” into “job creators” which strongly contribute to solving unemployment and poverty problems.

The Role of Business Incubators in Promoting Entrepreneurship of Higher Education Institutions

This study aims to measure the influence of university incubators on promoting the culture of entrepreneurship and to what extent these incubators guide and motivate students, teaching staff, and university employees to achieve entrepreneurial achievements in various disciplines and fields. The questionnaire was used as a tool to collect the required data. The study population consists of students, teaching staff, administrators, and employees from almost all Jordanian universities, which are estimated to be more than tens of thousands. We distributed the questionnaire among 14 universities, and only 310 responses were collected.Based on the results of the questionnaire that were statistically analyzed, presented, and processed we believe that business incubators are like any existing project. Universities must pay attention to all matters that may lead to their success, including attention to all administrative, financial, and marketing matters, in addition to paying attention to all work they carry out, including the mechanism of helping small projects. It is necessary to introduce an entrepreneurship course within the compulsory requirements at the university level and for first or second-year students, because of its importance in spreading the culture of entrepreneurship among students. We hope that our recommendations will change the horizons of the university community and intellectual level and convert graduate students from “job seekers” into “job creators” which strongly contribute to solving unemployment and poverty problems.

Improving approaches to assessing the activities of business incubators in the agro-industrial complex

One of the mechanisms for the development of small business is the organization of state inter-district business incubators. At the same time, a correct assessment of the effectiveness of their activities is necessary, reflecting the economic positive changes in the economy of the municipalities to which the graduates of the business incubator are sent. The authors propose a methodology for evaluating the effectiveness of a business incubator, taking into account both the overall economic effect of a newly created business and the contribution of the incubator's employees to the results of its activities based on determining a private indicator of business performance and the employee's KTV. Domestic and foreign practice shows that business incubators are one of the tools to accelerate the social and economic development of any municipal area and the country as a whole. Business incubators can play a significant role in organizing their own business in the development of small businesses. The proposed methodology will allow evaluating the results of the business incubator, taking into account the available resources and the existing needs of the market of municipalities and the region. The authors focus on the fact that for the development of small business, the effective use of the available resources of the municipality, it is necessary to create state business incubators that orient the population of municipalities to promising activities when creating their own business. The main objective of these incubators should be the creation of successful entrepreneurs in municipalities. Based on this, the assessment of the activities of the proposed business incubators should be considered from the standpoint of the effectiveness of both personnel and business results of graduates («grown» entrepreneurs). The article presents calculations of the efficiency of a newly opened business in a business incubator. In addition, the assessment of business projects of graduates was carried out. In the final part of the article, the authors formulate conclusions regarding the role of business incubators in ensuring economic development, supporting small businesses and the population as a whole.

НАПРАВЛЕНИЯ СНИЖЕНИЯ МОЛОДЕЖНОЙ БЕЗРАБОТИЦЫ

The article investigates the problem of youth employment and the role of various mechanisms in solving this problem. The authors discuss the importance of subsidizing the employment of young professionals, the role of business incubators and volunteer activities. They emphasize that youth is a vulnerable category in the labor market, but at the same time is an important source of human capital. The authors point out the priority of reducing youth unemployment in the state social and economic policy. The article emphasizes that employment subsidies, business incubators and volunteer activities play a significant role in supporting and developing youth, contributing to solving the problem of unemployment and creating a quality talent pool for the future development of the economy.

Technology-push and market-pull strategies: the influence of the innovation ecosystem on companies' involvement in the Industry 4.0 paradigm

PurposeThis study analyzes how the innovation ecosystem helps integrate technology-push and market-pull strategies in the Industry 4.0 paradigm.Design/methodology/approachThis study investigates companies' involvement in the Industry 4.0 paradigm through technology-push strategies, and through both technology-push and market-pull strategies. The authors perform two econometric logit models to test the influence of collaborations with heterogeneous actors, research and university relationships, and relations with business incubator (the pivot actor) on companies' involvement in Industry 4.0.FindingsThe study empirically shows that developing relationships with a greater diversity of actors, collaborating with university and research laboratories, and developing intense relationships with business incubator increase the likelihood for companies to integrate both technology-push and market-pull strategies in companies' involvement in the Industry 4.0 paradigm.Practical implicationsThis study provides insights to practitioners who are interested or involved in the new Industry 4.0 paradigm. The authors' study explains how specific features of an innovation ecosystem, such as complex interactions among actors, can stimulate creative ideas and successfully implement innovations to address Industry 4.0 challenges.Originality/valueFirst, the authors confirm the role of the innovation ecosystem on companies' involvement in the Industry 4.0 paradigm. Second, the authors study highlights that the innovation ecosystem is a new relevant framework that enables companies to integrate both technology-push and market-pull strategies. Third, we provide empirical evidence about the role of business incubator on firms' strategies to get involved in the Industry 4.0 paradigm.

Startup Characteristics and The Role of Business Incubators in Indonesia

One of the positive results of digital transformation in Indonesia is a fairly advanced startup developed and has contributed to Indonesia’s GDP. The issue of success of several Indonesian startups such as Gojek, Traveloka, Tokopedia, and Bukalapak triggered the community to flock to establish a startup, but the startup was established without going through a business incubation program, while business incubators in Indonesia have been around since 1994 long before the startup was founded. This is different from overseas, where startups such as Airbnb and Dropbox, alumni of business incubators, have achieved more than $30 billion USD. This study was conducted to investigate the startup models and the business incubator services that include 992 startups and 23 business incubators in Indonesia. The analysis technique used in this study is a descriptive analysis by identifying websites of 992 startup and 23 business incubators. Sampling was done by the non-probability sampling method with saturation sampling method (census). The data used are startup registered in Indonesia Mapping & Database Startup 2018 and business incubator in Indonesia. The results show that startups with independent model dominate business in Indonesia, with private ownership and from indigenous people. As for services from business incubators in Indonesia, they have provided key services to create sustainability from technopreneurship. Keywords: startup model, startup ownership, startup origin, business incubator, Indonesia

The Role of Business Incubators in Developing Local Digital Startups in Indonesia

The development of the internet causes the flow of information to move quickly without knowing geographical boundaries. Likewise with the development of the digital industry, although the condition of the digital industry in Indonesia is still in its early phase, where infrastructure and ecosystem support is still very minimal, the optimism from digital industry players in Indonesia is very strong, both from the startup side and from investors. Problems arise when investors, both local and foreign, wish to invest in local digital startups in Indonesia, namely the unpreparedness of local startups to receive relatively large amounts of funding for business development. This raises doubts for investors whether startups can manage the funds raised and generate future profits for investors. Therefore, an initiative was born from investors and stakeholders in the digital technology industry to activate business incubators, with the aim of being able to prepare local startups to be able to develop more optimally. The results of this study reveal various tangible benefits received by local startups to increase their capacity.

The Role of Business Incubators in Developing Local Digital Startups in Indonesia

The development of the internet causes the flow of information to move quickly without knowing geographical boundaries. Likewise with the development of the digital industry, although the condition of the digital industry in Indonesia is still in its early phase, where infrastructure and ecosystem support is still very minimal, the optimism from digital industry players in Indonesia is very strong, both from the startup side and from investors. Problems arise when investors, both local and foreign, wish to invest in local digital startups in Indonesia, namely the unpreparedness of local startups to receive relatively large amounts of funding for business development. This raises doubts for investors whether startups can manage the funds raised and generate future profits for investors. Therefore, an initiative was born from investors and stakeholders in the digital technology industry to activate business incubators, with the aim of being able to prepare local startups to be able to develop more optimally. The results of this study reveal various tangible benefits received by local startups to increase their capacity.

SMEs, Economic Growth, and Business Incubation Conundrum in South Africa. A Literature Appraisal

Despite the South African government's desire to encourage economic growth via SME growth, attempts to ameliorate the difficulties encountered by SMEs are often hindered by a lack of resources, one of which is business incubation. This paper employs a descriptive literature review to declutter the varying concerns of SME growth and development from the narratives around the role of business incubators (BIs) and the government. This, we believe, would provide clarity on the challenges faced by SMEs development in South Africa by filtering the roles of both BIs and the government. Descriptive literature review as a qualitative technique helps to reveal an interpretable pattern in the current literature and was thus employed in this study. Even while the literature points to the importance of SMEs in economic growth, their volatility makes them an unreliable partner for the South African government currently. This is because the literature suggests that the government is failing them in one way or the other through limited and failed support systems. Because of their excessive reliance on government funding, BIs cannot help SMEs as they should because of the lack of funding. Consequently, one might argue that the & quot; law of unintended consequences," or the unexpected repercussions of government policies and actions/inactions, hinder South Africa's government from achieving its objectives. We flag some implications and future research directions in our closing arguments.

Business incubation and acceleration process: theoretical foundation

This paper develops the theoretical foundation for the business incubation and acceleration process. Global trends determine the features of modern research and development processes (“sharing economy”, “open innovation concept”). These tendencies contribute to growing the role of partnership within the entrepreneurial ecosystem. Therefore, business incubators and accelerators are the crucial elements of innovative infrastructure. In the paper, the definition of the business incubation and acceleration models was determined. Furthermore, three generations of incubation model development depending on the value proposition for the participating ventures were described (since 1980- early 1990s; during 1990s; 2001 — to date). Accelerator could be understood as the new business incubator mechanism. The role of business incubators as the tool for economic development are the following: high positive impact on economic growth, increasing the competitiveness of companies in the market by providing comprehensive service (assistance) to entrepreneurs at all scales of business (micro-, small and medium-sized businesses).