Is Joining a Business Incubator or Accelerator Always a Good Thing?

The significance of business accelerator and incubator is examined. The concept of business incubation remains topical and yet it is now more than fifty years old. The spread of business incubation practices across the world has opened a new dimension in management theory and practice. Indeed, over...

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Veröffentlicht in:Technology innovation management review 2019-07, Vol.7 (10), p.5-15
Hauptverfasser: Lukosiute, Kristina, Jensen, Søren, Tanev, Stoyan
Format: Artikel
Sprache:eng
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Zusammenfassung:The significance of business accelerator and incubator is examined. The concept of business incubation remains topical and yet it is now more than fifty years old. The spread of business incubation practices across the world has opened a new dimension in management theory and practice. Indeed, over time, the need to manage incubation programs in a way that helps the formation and growth of startups has become increasingly important. Today's typical entrepreneurial ecosystems accommodate multiple incubators, which usually complement each other in terms of the services they offer. Such multiplicity provides an opportunity for early stage startups to maximize their chances for success by shaping specific incubation strategies that combine multiple complementary incubation environments. To deal with these challenges and uncertainties, startups usually benefit from all available resources including existing regional and national business incubation programs.
ISSN:1927-0321
1927-0321
DOI:10.22215/timreview/1251