Incubation of New Ideas: Extending Incubation Models to Less-Favored Regions

Moreira, António Carrizo; Carvalho, Marta F. S.

doi:10.5772/36705

Cited by 5 publications

(6 citation statements)

References 16 publications

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“…The general idea of what research scholars see as business incubators is that they are institutions concerned with speeding up the growth, financial and operational stability of entrepreneurial start-ups by offering them targeted services and support (EC, 2002;Bergek & Norrman, 2008;Mendoza, 2009;Levakova, 2012;Moreira et al 2012;Masutha & Rogerson, 2014) with a strong emphasis on knowledge agglomeration, resource sharing, innovativeness and competitiveness by creating an environment which help start-ups deal with the challenges of entrepreneurial pursuit (Phan et al 2005;Akcomak, 2009).…”

Section: Concept Of Business Incubation and Incubatorsmentioning

confidence: 99%

“…The tenants then graduate from the incubation program as successful growth ventures or businesses. Hackett and Dilts (2004b), Moreira et al (2012) in critiquing the model observes that the model is developed with the fundamental assumption that all incubated companies will survive. The Campbell model is further limited to private incubators only with it not considering the capabilities of the potential entrepreneurs, environmental barriers and a lack of a selection criterion in the selection of potential incubatees.…”

Section: Concept Of Business Incubation Processmentioning

confidence: 99%

“…Business incubation program, as a tool for promoting innovation and economic development (Bergek & Norrman, 2008;Al-Mubaraki & Busler, 2011), is designed to be capable of adding value to incubated companies with the intent of increasing the survival rates of such incubated companies (Bizzotto, 2003;Moreira et al 2012). The value adding activities are generally regarded as the business incubation process with several models developed to explain the phenomenon.…”

Section: Concept Of Business Incubation Processmentioning

confidence: 99%

See 2 more Smart Citations

Business incubation process and firm performance: an empirical review

2017

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Industrialization is central if any economy is to be successful and the policy attempts at industrialization involve creating systems and institutional arrangements that can help accelerate the process of industrialization. Business incubation is also a system and an institutional arrangement to help nations industrialize by developing the SME sector. This paper hopes to understand how the business incubation process influences firm performance. The methodology adopted is a comprehensive and extensive review of literature on the incubation phenomenon. The review found that firm performance is greatly enhanced when a firm avail itself to an incubation program. Revenue growth, employment or job creation, venture funding, networking and alliance building are the performance indices most impacted by the business incubation process. The paper recommends that prospective candidates for incubation should develop their market, management and financial plans to increase their chance of being selected as tenants. Also, firms are encouraged to access the value-addition services of incubation as this greatly increases their chances of firm survival, revenue growth, employment and job creation, financial resources and networking and alliance building. Furthermore, tenants should not overstay their tenancy in an incubation program as doing so reduces their chances of survival upon graduation.

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Section: Concept Of Business Incubation and Incubatorsmentioning

confidence: 99%

Section: Concept Of Business Incubation Processmentioning

confidence: 99%

Section: Concept Of Business Incubation Processmentioning

confidence: 99%

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Business incubation process and firm performance: an empirical review

2017

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“…1) diagnosis of business needs, 2) selection and monitoring of all services supporting enterprises, 3) capital investment, and 4) access to an expert network. The model does not take into account the lack of entrepreneurial knowledge, other capabilities or even environmental barriers, and is limited to private incubators (Moreira et al, 2012). A more external perspective, conceptualising the incubator process as a system that supports enterprises being incubated, is presented by Smilor (1987), who neglects the internal processes occurring inside the incubator and underlines the affiliation of the incubator (academic, state, private, non-profit).…”

Section: Incubation Process -Models' Analysismentioning

confidence: 99%

The Incubation Programme as an Instrument for Supporting Business Ideas at University. An Example From Poland

Rudawska

2020

znadministracja

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People planning a business and start-up companies can use a wide range of support instruments in the first stages of their business development, the task of which is to reduce the risk associated with the implementation of a business idea. The offer available on the market includes both financial and non-financial support. One common support instrument are incubators and incubation programmes that offer assistance in the early stages of business development. Universities are an environment where incubation programmes are increasingly occupying a prominent place. They have sufficient human, organizational and administrative resources to meet the needs of innovative companies and support them with research, consultation and mentoring. The aim of this research is to discuss the typology and role of incubators in supporting business ideas and to characterise the phases of the incubation process and its models. The example of incubation programmes from Polish universities presented in the article illustrates the course of the process and the support package offered to the idea originators at a Polish university.

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“…Though a relatively old concept in Kenya, the same has slowed down over the past three decades. This model is designed to be capable of adding value to incubated firms with the intention of increasing the survival rates of such incubated firms (Bizzotto, 2003;Moreira et al 2012). Firms have been grappling with among other challenges, the need for survival in the harsh business environment.…”

Section: Concept Of Business Incubation Practicementioning

confidence: 99%

Leadership and firm entrepreneurial performance in county governments in Kenya

Musambayi

2018

J Glob Entrepr Res

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The purpose of the study was to evaluate the influence of county government innovative leadership on the entrepreneurial firm performance in Kenya. The Multiple regression model was used to assess the innovative leadership and identify the influencing factors particularly on entrepreneurial firm performance. Data was collected through structured questionnaires, with a total sample of 80 respondents, selected from 20 of the 47 county units in Kenya. Data was analysed using Excel statistical tool. Results show that although county governments have programs to support entrepreneurs within their areas of jurisdiction the programs do not have a statistically significant influence on the entrepreneurial firm performance. Direct support such as credit provision in addition to promoting entrepreneurship training were not adequate. It is thought if these areas are addressed, county government leadership can positively influence firm performance and entrepreneurship development in the country. The county governments, through initiatives such as business incubators, favourable policy formulation and regulation could play an important role in changing the performance of entrepreneurial firms. They could also support them in formulating effective entrepreneurship strategies.

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Incubation of New Ideas: Extending Incubation Models to Less-Favored Regions

Cited by 5 publications

References 16 publications

Business incubation process and firm performance: an empirical review

Business incubation process and firm performance: an empirical review

The Incubation Programme as an Instrument for Supporting Business Ideas at University. An Example From Poland

Leadership and firm entrepreneurial performance in county governments in Kenya

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