Business incubators have been growing in Brazil supported by a rich web of linkages between government, business and academia leading to local innovation and re-invention of global models of incubation. This study explores the differences between university and non-university affiliated incubators in Brazil in order to examine the impact of affiliation, defined as the number of direct formal links/ties to an external partner, on the incubator’s ability to access funding for its inception and growth, its mix of value added services and its subjective and objective measures of performance, using an empirical sample of 49 incubators drawn from the state of Sao Paulo, Brazil. Results indicate that university affiliated incubators were able to secure higher levels of funding from diverse sources during growth, utilising a service mix focused on external networking and had higher levels of subjective and objective measures of performance relative to non-university affiliated incubators.
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