Affiliation:
1. Business School University of Colorado Denver Denver Colorado USA
2. College of Business Shanghai University of Finance and Economics Shanghai China
3. Department of Marketing University of Arizona Tucson Arizona USA
Abstract
Business incubation is a combination of business development processes, infrastructure, and people which is intended to nurture new businesses through their early stages. Before joining an incubator, many startups attempt to find a good‐fit incubator, but the incubator actually decides which startups are in its portfolio. We investigated the impact of incubator specialization – the percentage of competitors in the same incubator – on the startups' R&D efficiency. We measured R&D efficiency as the ratio of the number of the current year's applied patents of a startup divided by its R&D expenditure in the previous year. By analyzing survey data from startups positioned in incubators in China over a 3‐year period, we found that greater incubator specialization decreases startups' R&D efficiency, and through which incubator specialization indirectly decreases the startups' venture capital funding. The incubator's specialization is less likely to reduce R&D efficiency in startups where the startup has greater specialized technical knowledge.
Subject
Management of Technology and Innovation,Strategy and Management,General Business, Management and Accounting,Business and International Management
Cited by
4 articles.
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