Critical Activity of Successful Business Incubation

Abstract

Abstract: The purpose of this paper is to identify the critical activity of business incubators which were used to stimulate the economy. Initially the study pursued the milestone activity of business incubator organisations. This paper provides evidences which are based on current literature concerning business incubators as an effective and innovative tool of economic developments. Business Incubation Programs are aimed at promoting economic development of its community by supporting start-up companies and their business development. Business incubation programs support diversified economies, technologies’ transfer, create jobs, build wealth and commercialise innovation. The research methodologies adopted in this research study are literature reviews and case study of 5international incubator organisations. However, the paper provides guidanceschedule of business incubation for adoption of such programs in order to stimulate the economic development cycles worldwide.

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