This paper aims to develop a conceptual framework that examines the role government policy plays in the development of entrepreneurship and its impact on economic development. The study builds on existing literature on entrepreneurship, economic development and government policy as it relates to entrepreneurial practices. The outcomes of literature review propose two hypotheses. Integrating entrepreneurship practices with economic development, with government policy intervening, a framework is developed. For the reason that entrepreneurship is a part of economic development strategy employed by several countries globally to achieve macroeconomic benefits. The framework provides a starting point for researchers and practitioners to further examine entrepreneurship policies and practices. For researchers, the framework clarifies the determining attributes of entrepreneurship, government policy and economic development dimensions and their proposed relationships. For practitioners, the framework can be used to gain an understanding of the role of government policy on entrepreneurship development as well as economic development.

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An instrument which practitioners have acknowledged as an essential mechanism used in supporting greenhorn companies is the business incubation system. Several countries of the world have implemented the business incubation concept ever since it was conceived and developed in the United States in 1959. It is a model that has typically given itself much more readily within industrialized countries with identical environments to the United States. Nigeria also adapted it in 1993 where the resulting process and practice failed to live up to anticipations. To determine the significant role of government policy on the incubation dimensions and its success is the purpose of this research. Data collection process involved the surveying of stakeholders in Nigeria with some direct involvement in the national programme. The Partial Least Squares (PLS) was employed for the analysis. The findings showed that all exogenous variables collectively explained 52.4% of the variance in success. Meanwhile, when a moderation effect is present; the variable increased to 62.3%. Consequently, it is recommended that for a business incubation scheme to be successful and effective, government needs to implement efficient policies since results showed that these policies influenced all the relationships. The results' implications as well as limitations of the study are discussed.

Business incubation programme has been adopted by numerous countries globally. Its adoption has been related to its performance and actual contribution to entrepreneurship development. Studies have acknowledged the role of incubation programme to different spheres of national economy. In spite of the positive side of incubator model, there is still a contradiction concerning incubation performance in the developing countries, especially, Nigeria. This study aims to examine the contribution of government policy on the relationship between the critical success factors (CSFs) and incubator performance in Nigeria. Questionnaires were distributed to a sample size of 153 respondents from a population of 253 incubatees. The Partial Least Squares (PLS) software was used to analyze the data. Government policy as a moderator did not show a significant moderation relationship between the CSFs and incubator performance. The study recommends that future studies should integrate this quantitative approach of data collection with the qualitative method. Also, as the value of the coefficient of determination is 46%, future research should look at other factors which may likely increase the variation in performance explained by (or accounted for by) the variation in the CSFs.