Results: 1 - 6 of 6
  • The Role of Business Incubators in Supporting the SME Start-up
    Author: Äubica LesákováA range of factors determining the extent and success of entrepreneurship have a local dimension: they are either strongly affected by local phenomena and/or they are best supported by initiatives conceived and implemented locally. Entrepreneurship can be locally fostered through business incubators. The role of business incubators is to accelerate the successful development of entrepreneurial companies through an array of business support resources and services, developed and managed by incubator management and offered both in the incubator and through its network of contacts. The main aim of the article is to present the role of incubators as a means of supporting the small and medium enterprises. The article is divided into three parts. In the first part is presented the core of incubators, incubator types and goals. In the second part is explained the role of business incubators in fostering local dimension of entrepreneurship. In third part of the article we describe the building of business incubators in Slovakia and their role as a means of helping to start entrepreneurship as well as of helping to support technologically oriented SMEs in Slovakia. The paper was elaborated as a part of VEGA project 1/0654/11, Innovative small and medium enterprises as a part of knowledge based economy in Slovakia. Keywords: incubator; small and medium enterprises; start-up; types of incubators; business incubator; technological incubator; virtual incubator; role of business incubator
  • Business Incubation Management Training Program
    Author: Information for Development Program (infoDev)infoDev is a global program within the World Bank Group that works at the intersection of innovation, technology, and entrepreneurship. Our program creates opportunities for inclusive sustainable growth and employment in developing countries. infoDev assists governments and technology focused small and medium sized enterprises (SMEs) to improve capacity and skills, increase access to finance and markets, ensure the appropriate enabling policy and regulatory environment for business to flourish, and test out innovative solutions in developing country markets. Business incubators can play an important role in supporting small business development and growth. infoDev has found that high quality leadership is a key factor determining the probability of success for a business incubator. infoDev therefore seeks to increase the capacity of business incubation managers and their stakeholders through one-on-one technical assistance, regional and topical peer-to-peer networks, the bi-annual Global Forum on Innovation and Entrepreneurship, and its web-based networking and knowledgesharing tools. The Business Incubation Management Training Program was designed in direct response to repeated requests from infoDevs innovation and entrepreneurship community for an in-depth business incubation training program relevant to the developing country context. This training program is the first-of-its-kind, drawing from the lessons, models, and examples in business incubation from across Africa, East Asia and the Pacific, Europe and Central Asia, Latin America & the Caribbean, Middle East & North Africa, and South Asia. More than 30 business incubator experts around the world contributed directly to the writing of the training modules, and the materials were tested with more than 300 professionals in emerging and developing countries, all of whom provided inputs to the final design. To date, more than 900 business incubator managers and stakeholders have been trained, with good results and a persistent demand for more training opportunities. This training program is designed for business incubation managers and other business incubation stakeholders wishing to increase their understanding and know-how of the business incubation process. It currently consists of 12 training modules ranging from introductory topics designed for professionals who are new to business incubation, to specialized topics such as Technology Commercialization, Virtual Business Incubation and Agribusiness Incubation.
  • The Smart Guide to Innovation Based Incubators (IBI)
    Author: European Union Regional PolicyInnovation‐based incubation is not the most recent subject in Europe per‐se. it is over a quarter of a century that the European Commission has triggered the phenomena through the establishment of policies and actions aimed at boosting innovation within Europe as a method to support regional development practices and SME competitiveness. Indeed it was over 25 year ago that DG‐Regio launched the concept of the European Commission Business and Innovation Centres (EC‐BIC). This was later on taken on board by DG Enterprise and Industry which developed a quality system to manage the EC‐BIC Label. Over 150 fully certified BICs are now working in EU27 on more than 200 sites, networked and supported by EBN (the European BIC Network), an NGO based in Brussels, created 25 years go at the initiative of the EC, as well! Many other non‐EC‐led experiences have sprung around Europe, and innovation‐based incubators are now a reality all over the world. After over 25 years of practices and policies lessons have been learned on the concept of innovation‐based incubation and more specifically on the concept of innovation‐based incubators (IBI). It is nowadays possible to understand what are the key elements of their success, what to take into consideration when a region, or a local territory, is thinking to resort to this tool to strengthen and carry out policies for innovation and SME support, and, mostly, what to do and what not to do when positioning, engineering and organizing an IBI. Hence, the aim of the Smart Guide is to provide the local stakeholders of a region including the Managing Authorities of Cohesion Policy Funds an insight on the scopes of IBIs and on the paths and steps needed to set up successful ones. This Smart Guide is addressed to them. It is composed of two parts, the first one highlighting the conditions to meet, the actors to gather, the services to develop, the costs to face and the targets to measure, ²to create successful IBIs, the second one describing study cases which have been analyzed in Europe and beyond1 .
  • Guidelines Metrics & Milestones For Successful Incubator Development
    Author: National Entrepreneurship NetworkBusiness Incubators can be sound platforms to bring about economic development in any economy. They help mitigate several avoidable risks in an early stage start-up thereby increasing the rate of success of start-ups as well the time taken to gain traction. Incubators are not a uniform beast and can and should be categorized. Categorization enables us to identify the unique characteristics, success factors for each incubator model thereby enabling propagation of successful models appropriate under different conditions. Development of incubators can be systematized with milestone driven indicators of progress and predictable outcomes. However, the key challenge is lack of nationally accepted metrics and milestones that are relevant to the different kinds of incubator models. We strongly advocate that in the near term, the framework illustrated in this document be used to help institute a nationally accepted set of metrics and milestones for incubators in India. We also advocate that the funding organizations implement these in both their selection of the host partner but also to track, measure progress and to reward success. Some of the recommendations in the document will call for policy review and modifications
  • Conceptualizing and Measuring Business Incubation
    Author: Daood HamdaniThis paper conceptualizes business incubation and translates theoretical ideas into measurable metrics. Specifically, it explains and develops the concept, discusses the influence of major economic and technological events on its evolution, identifies different models and explains how business incubators create value. It then explains how these concepts have been implemented in Statistics Canadas first survey of business incubators.
  • The Sustainability and Challenges of Business Incubators in the Western Cape Province, South Africa
    Author: Thobekani Lose 1 and Robertson K. Tengeh 2,*Notwithstanding the growing interest in business incubation programmes and the benefits derived from such programmes, the path is beset by numerous challenges. This paper investigates the challenges faced by business incubators (BIs) as they strive to support their clients. The study utilized a qualitative approach to collect data by way of interviews to gain in-depth knowledge and understanding of the concept and challenges of business incubators. The data were collected using structured and unstructured in-depth personal interviews, which were carried out with the respondents of business incubators in the Western Cape. The research participants for this study were limited to the business incubators on the database of a local organization that promotes small and medium enterprises (SMEs) development strategy and programmes in the Western Cape Province. All five business incubators on the database were deemed suitable for the study. The results indicated that an average of twenty-five entrepreneurs graduated from the incubation programme in the last five years. Furthermore, lack of sponsorship, production space, advanced technological facilities (prototype) and expansion to different areas were found to be among the challenges hindering incubators.
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