How does business incubator motivate start-ups based on super-network: A dynamic capability perspective

Abstract

Network-based incubation has undergone rapid developments and the incubation mechanism has begun to change recently. To incentive the start-ups on the basis of ensuring its own interests, the incubator need to design a feasible contract. According to network theory, a single network cannot adequately describe the heterogeneous alliances of incubated start-ups in the business incubator. Therefore, by constructing super-network structure of incubated start-ups, this paper designs two types of linear incentive contracts and uses numerical simulation to further discuss the model. The results indicate that the business incubator should design the contract according to the different capability levels and risk preference degree of start-ups: linear screening contract (LSC) is more effective to motivate the incubated start-ups to improve the capability, while the incentive effect will be weakened by the increasing proportion of high-capability start-ups; for high risk-preference start-ups, linear pooling contract (LPC) is superior than LSC. The results can serve as a theoretical direction for the business incubator to effectively distinguish different capability levels of start-ups and make better decision on contract design to motivate start-ups on the basis of ensuring the maximization of its own utility.

Qualitative Analysis Method for Training of College Students’ Entrepreneurial Resilience from the Perspective of Entrepreneurial Ecological Environment

“…Based on the above three equations, it can be known that F*>F (3) >F (2) >F (1) >0, and thus the homogenization level of each evolution stage corresponding to the cocultivation effect of the participants during the entrepreneurial resilience cultivation of college students can be obtained.…”

“…At present, the concept of mass entrepreneurship and innovation is taking root in people's heart. With the implementation of policies by governments at all levels and the active responses from all sectors of society, new industries, models and business forms have been effectively stimulating social and economic vitality, and more and more college students have joined the entrepreneurial team [1][2][3][4][5][6][7]. College students have relatively rich knowledge reserves and also creativity which is lacked by other high-level intellectuals, but they also need to be psychologically ready for the great risks and challenges of entrepreneurship.…”