How to Develop a Corporate Incubator? Lessons Learned from a Multinational

Author:

Souza Junior Wesley Canedo1ORCID,Bagno Raoni Barros2ORCID,de Souza Matheus Luiz Pontelo3ORCID,Ribeiro Rodrigo4ORCID,de Melo Filho Leonel Del Rey3ORCID

Affiliation:

1. Technology Center for Quality and Innovation, Digital Metropolis Institute, Federal University of Rio Grande do Norte, Av. Cap. Mor Gouveia, 3000 – Lagoa Nova., Natal, Rio Grande do Norte, 59078-900, Brasil

2. Technology Center for Quality and Innovation, Production Engineering Department, Federal University of Minas Gerais, Av. Pres. Antônio Carlos, 6627 – Pampulha., Belo Horizonte, Minas Gerais, 31.270-901, Brasil

3. Research Group of Technological Entrepreneurship and Innovation (GETI), Department of Production Engineering, Pontifical Catholic University of Minas Gerais, Av. Dom José Gaspar, 500 – Coração Eucarístico, Belo Horizonte, Minas Gerais, 30535-901. Brasil

4. Centre for Social Studies of Work, Technology and Expertise., Production Engineering Department, Federal University of Minas Gerais, Av. Pres. Antônio Carlos, 6627 – Pampulha., Belo Horizonte, Minas Gerais, 31.270-901, Brasil

Abstract

Multinationals are showing a growing interest in developing corporate incubation programs. However, only a few papers analyzed this emerging topic. We conducted a study at a Brazilian multinational steel company subsidiary, aiming to elucidate the process of designing a corporate incubator through a three-phase Action Research program that spanned 12 months. As a result of this study, we offer (i) a sequential and evolutionary framework for implementing corporate incubators; (ii) an information management tool that captures and utilizes data for decision-making during venture development; and (iii) an uncertainty-based evaluation tool for venture evolution.

Funder

Coordenação de Aperfeiçoamento de Pessoal de Nível Superior

Publisher

World Scientific Pub Co Pte Ltd

Subject

Management of Technology and Innovation

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