The Development of Entrepreneurial Companies through Business Incubator Programs

Abstract

Abstract: Purpose: This paper explores, investigates and identifies the business incubators (BI) that are used worldwide for the development of entrepreneurial companies. Business incubation is a public and/or private, entrepreneurial, economic and social development process designed to nurture business ideas and start-up companies, and through a comprehensive business support programme, help them establish and accelerate their growth and success. Researchers and practitioners alike are claiming positive potential of BI diversify economies, commercialise technologies, create jobs and build wealth. The purpose of the study is, therefore to identify and develop the best practice of business incubation process based on successful implementation of case studies. Methodology/approach: The research methodologies adopted in this research study are desk-research and case study of 10 incubator organisations in the developing countries. Findings: The findings of this study indicate the business incubators as an effective and innovative tool in supporting the start up businesses. Practical implications: The empirical results highlight some implications for successfully developing and implementing best practice of business incubation program. Originality/value: This study makes a contribution to knowledge about the process of business incubation

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