Incubation Scheme in Among Incubators: A Comparative Study

Abstract

In the recent decade, governments have utilized business incubators to generate new ventures, facilitate new products and services development, and support the regional economic development. The current trend of business incubator proliferation brings out the needs to comprehend the effective way of incubating new ventures. However, previous research has overlooked on understanding how the best way to manage the incubator at certain levels. Thus, this research aims to address the hiatus by identifying best-practices of business incubation among incubators from several countries in Europe and Asia. A comparative approach of content analysis and a single case study is applied to unpack incubation practices patterns. Incubation best-practices included initiating awareness of new entrepreneurial opportunities, enhancing product development and providing resource, venturing competence evolvement, creating collaborative partnership, settling norms and role models, and building company reputation and product legitimacy. Furthermore, this research also found level differences of incubation practices regarding their comprehensiveness.