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Author Akçomak, İ. Semih
Source EconStor
Content type Text
Publisher The United Nations University World Institute for Development Economics Research (UNU-WIDER)
File Format PDF
Language English
Subject Domain (in DDC) Social sciences ♦ Economics
Subject Keyword incubators ♦ developing countries ♦ technology ♦ Unternehmensgründung ♦ Technologiezentrum ♦ Entwicklung ♦ Entwicklungsländer ♦ New Firms; Startups ♦ Innovation and Invention: Processes and Incentives ♦ Management of Technological Innovation and R&D
Abstract This paper reviews the literature on incubators in developed and developing countries. We show that the concept of incubators has evolved in time according to market and firm needs. Contemporary successful incubators are profit-oriented, provide a wide range of services, focus more on intangible business services, and employ qualified managers and support staff. By drawing lessons from country experiences we assess the appropriateness of incubators as a tool for entrepreneurship promotion in developing countries. The main weaknesses of incubators in developing countries are: (i) focus on tangible services rather than intangible services, (ii) dependence on government, (iii) lack of management and qualified personnel, (iv) lack of incubator planning and creativeness in solving problems. Most successful incubators display a creative and innovative character in approaching problems of tenant companies. This is of course correlated with the quality of the incubator management staff. Moreover, incubators reflect the institutional set-up, creativity, and policy innovativeness in a society. Therefore policy on incubators should be well-integrated with other policies for entrepreneurship promotion and economic development, such as education and institutional deregulation.
ISBN 9789292302313
Part of series WIDER Research Paper x2009/52
Learning Resource Type Article
Publisher Date 2009-01-01
Publisher Place Helsinki
Rights Holder