University Technology Business Incubators: Helping New Entrepreneurial Firms to Learn to Grow

Abstract

With this paper we explore how differing forms of entrepreneurial learning are facilitated within the context of business incubation. To support new technology venturing, university business incubators offer their tenants professional support and advice plus exposure to entrepreneurial networks with the objective of assisting them to address associated liabilities of newness. Accordingly, new venture founders are offered access to a range of resources to assist them in learning how to commercialize technological ideas. Entrepreneurial learning can be deemed explorative or exploitative; we explore how business incubation assists entrepreneurs to leverage these differing learning approaches to generate a secure resource base within the firm. From case-study evidence we suggest business incubation is effective in aligning a balance of learning approaches which support future growth prospects and add competitive advantage to young, fragile firms. We conclude by suggesting that incubator managers are critical actors in facilitating appropriate learning environments for new technology entrepreneurs.

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