Study of Support and Services Provided by Business Incubators in Entrepreneurship

Authors

  •   Daniya Siddiqui Research Scholar, Department of Commerce and Business Studies, Jamia Millia Islamia (Central University), New Delhi - 110 025
  •   Naseeb Ahmad Professor, Department of Commerce and Business Studies, Jamia Millia Islamia (Central University), New Delhi - 110 025

DOI:

https://doi.org/10.17010/amcije/2022/v5i2/171467

Keywords:

Business assistance

, enabling environment services, entrepreneurship development, incubators, networking, support and services

Paper Submission Date

, April 23, 2022, Paper Sent Back for Revision, May 8, Paper Acceptance Date, May 12, 2022

Abstract

Entrepreneurship is regarded as a critical element of economic system and it contributes significantly to economic development, employment generation, poverty alleviation, and wealth creation. The Indian government is aggressively promoting innovative startups and entrepreneurship while allocating large sums of money to foster entrepreneurship development. This research paper attempted to quantify the services made available by incubators in the development of entrepreneurship, specifically physical infrastructure, networking, financial support, business assistance, and enabling environment services. The information was gathered from business incubators. Descriptive analysis and frequencies were used in the analysis. According to empirical findings, all services have a favorable impact on entrepreneurship. The findings of this study will be useful for researchers, policymakers, and others.

Downloads

Download data is not yet available.

Downloads

Published

2022-06-01

How to Cite

Siddiqui, D., & Ahmad, N. (2022). Study of Support and Services Provided by Business Incubators in Entrepreneurship. AMC Indian Journal of Entrepreneurship, 5(2), 19–29. https://doi.org/10.17010/amcije/2022/v5i2/171467

References

Aaboen, L. (2009). Explaining incubators using firm analogy. Technovation, 29(10), 657–670. https://doi.org/10.1016/j.technovation.2009.04.007 Adegbite, O. (2001). Business incubators and small enterprise development : The Nigerian experience. Small Business Economics, 17(July 2000), 157–166.

Aernoudt, R. (2004). Incubators : Tool for entrepreneurship ? Small Business Economics, 23, 127–135.

Aerts, K., Matthyssens, P., & Vandenbempt, K. (2007). Critical role and screening practices of European business incubators. Technovation, 27, 254–267. https://doi.org/10.1016/j.technovation.2006.12.002 Ahmed, N., Li, C., Qalati, S., Ali Khan, A., & Siddiqui, F. (2020). Role of business incubators as a service provider in entrepreneurship development. Journal of Entrepreneurship & Organisation Management, 9(1).

Al-Karaghouli, W., & Busler, M. (2010). The creation of business incubators in supporting economic developments. European, Mediterranean & Middle Eastern Conference on Information Systems 2010 (EMCIS2010) April 12-13 2010, Le Royal Meridien, Abu Dhabi A, July.

Al-Mubaraki, H. M., & Busler, M. (2017). Challenges and opportunities of innovation and incubators as a tool for knowledge- based economy. Journal of Innovation and Entrepreneurship, 6, Article no. 15 https://doi.org/10.1186/s13731-017-0075-y Aldammagh, Z. J., Abdalmenem, S.A.M., Al Shobaki, M. J. (2020). Business incubators and their role in entrepreneurship of small enterprises. ITEE Journal, 9(1), 47–59.

Alpenidze, O., Pauceanu, A. M., & Sanyal, S. (2019). Key success factors for business incubators in Europe: An empirical study. Academy of Entrepreneurship Journal, 25(1), 1–13.

Baraldi, E., & Havenvid, M. I. (2015). Identifying new dimensions of business incubation: A multi-level analysis of Karolinska Institute’s incubation system. Technovation, 1–17. https://doi.org/10.1016/j.technovation.2015.08.003

Barbero, J. L., Casillas, J. C., Wright, M., & Garcia, A. R. (2013). Do different types of incubators produce different types of innovations? Journal of Technology Transfer. https://doi.org/10.1007/s10961-013-9308-9

Bergek, A., & Norrman, C. (2008). Incubator best practice : A framework. Technovation, 28, 20–28. https://doi.org/10.1016/j.technovation.2007.07.008

Bøllingtoft, A. (2012). The bottom-up business incubator: Leverage to networking and cooperation practices in a self-generated, entrepreneurial-enabled environment. Technovation, 32(5), 304–315. https://doi.org/10.1016/j.technovation.2011.11.005

Bøllingtoft, A., & Ulhøi, J. P. (2005). The networked business incubator leveraging entrepreneurial agency ? Journal of Business Venturing, 20, 265–290. https://doi.org/10.1016/j.jbusvent.2003.12.005

Breivik-Meyer, M., Arntzen-nordqvist, M., Alsos, G. A., & Arntzen-nordqvist, M. (2019). The role of incubator support in new firms accumulation of resources and capabilities. Innovation: Organization & Management, 22(3), 1–22. https://doi.org/10.1080/14479338.2019.1684204

Bruneel, J., Ratinho, T., Clarysse, B., & Groen, A. (2012). The evolution of business incubators : Comparing demand and supply of business incubation services across different incubator generations. Technovation, 32(2), 110–121. https://doi.org/10.1016/j.technovation.2011.11.003

Busler, M., & AL-Mubaraki, H. M. (2014). Incubator successes : Lessons learned from successful incubators towards the twenty-first century. World Journal of Science, Technology and Sustainable Development, 11(1), 44–52. https://doi.org/10.1108/WJSTSD-08-2013-0030

Colombo, M. G., & Delmastro, M. (2002). How effective are technology incubators ? Evidence from Italy. Research Policy, 31, 1103–1122.

Cooper, A. C. (1985). The role of incubator organisation in the founding of growth-oriented firms. Journal of Business Venturing, 1, 75–86.

Dee, N., Ford, S., & Garnsey, E. (2008). Obstacles to commercialization of clean technology innovations from UK ventures. In Sustainable Innovation and Entrepreneurship, pp. 97–118. https://doi.org/10.4337/9781848441552.00012

Dee, N., Gill, D., Lacher, R., Livesey, F., & Minshall, T. (2012). A review of research on the role and effectiveness of business incubation for high- growth start-ups, pp. 113–130. https://doi.org/10.17863/CAM.44134

Dhochak, M., Acharya, S. R., & Sareen, S. B. (2019). Assessing the effectiveness of business incubators. International Journal of Innovation and Learning, 26(2), 177–194.

Grimaldi, R., & Grandi, A. (2005). Business incubators and new venture creation : An assessment of incubating models. Technovation, 25, 111–121. https://doi.org/10.1016/S0166-4972(03)00076-2

Hackett, S. M., & Dilts, D. M. (2004). A real options-driven theory of business incubation. Journal of Technology Transfer, 29, 41–54.

Jamil, F., Ismail, K., Siddique, M., Khan, M. M., Kazi, A. G., & Qureshi, M. I. (2016). Business incubators in Asian developing countries. International Review of Management and Marketing, 6(1), 291–295.

Kiran, R., & Bose, S. C. (2020). Stimulating business incubation performance : Role of networking , university linkage and facilities. Technology Analysis & Strategic Management,32(12),1407–1421. https://doi.org/10.1080/09537325.2020.1772967

Lai, W.-H., & Lin, C.-C. (2015). Constructing business incubation service capabilities for tenants at post-entrepreneurial phase . Journal of Business Research, 68(11), 2285–2289. https://doi.org/10.1016/j.jbusres.2015.06.012

Lalkaka, R., & Shaffer, D. (1999, March 2-3). Nurturing entrepreneurs, creating enterprises : Technology business incubation in Brazil [Conference presentation]. International Conference on Effective Business Development Services Rio de Janeiro, Brazil, 1–39. https://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.454.3319&rep=rep1&type=pdf

Lian, C. L. (2020). Business incubators : Mechanisms to boost business innovation capacity. Analysis of business incubators in the community of Madrid. Esic Market Economics and Business Journal, 51(1), 73–103. https://doi.org/10.7200/esicm.165.0511.2

Lumpkin, J. R., & Ireland, R. D. (1988). Screening practices of new business incubators : The evaluation of critical success factors. American Journal of Small Business, 12 (4), 59–81.

McAdam, M., & Marlow, S. (2007). Building futures or stealing secrets? Entrepreneurial cooperation and conflict within business incubators. International Small Business Journal, 25(4), 361–382. https://doi.org/10.1177/0266242607078563

Mcadam, M., & Mcadam, R. (2008). High tech start-ups in University Science Park incubators : The relationship between the start-up ’ s lifecycle progression and use of the incubator ’ s resources. Technovation, 28, 277–290. https://doi.org/10.1016/j.technovation.2007.07.012

Mcnamara, K. T. (1994). A business incubator : Operating environment and measurement of economic and fiscal impacts. Working Paper No 0594, Purdue University Center For Rural Development, Working Pa, 2.

Merrifield, D. B. (1987). New business incubators. Journal of Business Venturing, 2, 277–284.

Mian, S. A. (1996). Assessing value-added contributions of university technology business incubators to tenant firms. Research Policy, 25, 325–335.

Mian, S. A. (1997). Assesing and managing the university technology business incubator: An integrative framework. Journal of Business Venturing, 12, 251–285.

Mrkajic, B. (2017). Business incubation models and institutionally void environments. Technovation, 1–12. https://doi.org/10.1016/j.technovation.2017.09.001

Patton, D., Warren, L., & Bream, D. (2009). Elements that underpin high-tech business incubation processes. Journal of Technology Transfer, 34, 621–636. https://doi.org/10.1007/s10961-009-9105-7

Pena, I. (2004). Business incubation centers and new firm growth in the Basque country. Small Business Economics, 22, 223–236.

Phan, P. H., Siegel, D. S., & Wright, M. (2005). Science parks and incubators : Observations, synthesis and future research. Journal of Business Venturing, 20, 165–182. https://doi.org/10.1016/j.jbusvent.2003.12.001

Rice, M. P. (2002). Co-production of business assistance in business incubators An exploratory study. Journal of Business Venturing, 17, 163–187.

Rijnsoever, F. J. Van. (2020). Meeting , mating , and intermediating : How incubators can overcome weak network problems in entrepreneurial ecosystems. Research Policy, 49(1), 103884. https://doi.org/10.1016/j.respol.2019.103884

Rothaermel, F. T., & Thursby, M. (2005). University – incubator firm knowledge flows : Assessing their impact on incubator firm performance. Research Policy, 34, 305–320. https://doi.org/10.1016/j.respol.2004.11.006

Sá, C., & Lee, H. (2012). Science, business, and innovation : Understanding networks in technology-based incubators. R&D Management, 42(3), 243–253.

Salem, M. I. (2014). The role of business incubators in the economic development of Saudi Arabia. International Business & Economics Research Journal, 13(4), 853–860.

Schillaci, C. E., Romano, M., & Longo, M. C. (2011). Academic entrepreneurship, university incubator and corporate governance. Sinergie Italian Journal of Management, 75, 89–107.

Shehada, R. Y., Talla, S. A. El, Shobaki, M. J. Al, & Abu-naser, S. S. (2020). Learning and business incubation processes and their impact on improving the performance of business incubators. International Journal of Academic Multidisciplinary Research, 4(5), 120–144.

Smilor, R. W. (1987). Managing the incubator system: Critical success factors to accelerate new company development. IEEE Transaction on Engineering Management, EM-34(3), 146–155.

Soetanto, D. P, & Jack, S.L. (2015). The impact of university-based incubation support on the innovation strategy of academic spin-offs. Technovation. https://doi.org/10.1016/j.technovation.2015.11.001

Soetanto, D. P., & Jack, S. L. (2013). Business incubators and the networks of technology-based firms. Journal of Technology Transfer, 38, 432–453. https://doi.org/10.1007/s10961-011-9237-4

Spuy, S. J. H. van der. (2019). The state of business incubation in the Northern Cape: A service spectrum perspective. The Southern African Journal of Entrepreneurship and Small Business Management, 11(1), 1–16.

Tötterman, H., & Sten, J. (2005). Start-ups: Business incubation and social capital. International Small Business Journal, 23(5), 487–511. https://doi.org/10.1177/0266242605055909

Vanderstraeten, J., & Matthyssens, P. (2012). Service-based differentiation strategies for business incubators : Exploring external and internal alignment. Technovation, 32(12), 656–670. https://doi.org/10.1016/j.technovation.2012.09.002

Ven, H. V. D. (1993). The development of an infrastructure for entrepreneurship. Journal of Business Venturing, 8(3), 211–230. https://doi.org/10.1016/0883-9026(93)90028-4

Venkataraman, S. (2004). Regional transformation through technological entrepreneurship. Journal of Business Venturing, 19(1), 153–167. https://doi.org/10.1016/j.jbusvent.2003.04.001

Weele, M. Van, Rijnsoever, F. J. Van, & Nauta, F. (2016). You can ’ t always get what you want : How entrepreneur ’ s perceived resource needs affect the incubator’s assertiveness. Technovation, 59,18–33. https://doi.org/10.1016/j.technovation.2016.08.004

Xiao, L., & North, D. (2017). The graduation performance of technology business incubators in China’ s three tier cities: The role of incubator funding technical support. Journal of Technology Transfer, 42(3), 615–634. https://doi.org/10.1007/s10961-016-9493-4