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Business incubator: The genesis, evolution, and innovation invigoration

Indiran, Logaiswari and Nallaluthan, Kesavan and Baskaran, Shathees and Dalayga, Bathmavathy (2021) Business incubator: The genesis, evolution, and innovation invigoration. International Journal of Academic Research in Business and Social Sciences, 11 (7). pp. 342-354. ISSN 2222-6990


Official URL: http://dx.doi.org/10.6007/IJARBSS/v11-i7/9940


Global trends and advancements, economic demands, technological revolutions, and challenges are among some of the factors contributing towards the creation of business incubators to nurture fledgling startups to upscale and accelerate their business development. Although it is widely acknowledged that incubation models have changed over the years, yet not many aware of the value propositions that have been evolved over the past decades. Therefore, this study starts with the genesis of business incubation which was retraced in the 1950s. Thus, by using typology methodology, this study reviews the evolution of business incubators into three phases, namely first generation; economy of scale, second-generation; knowledge-based service, and the third generation; access to external resources, knowledge, and legitimacy. To provide comprehensive data, the methodology used was the integrative review of the literature. This study suggests the incubators’ strategy and value proposition should be based on the current trend, challenges, needs, and opportunities in the context of startups.

Item Type:Article
Uncontrolled Keywords:Business Incubators, Genesis, Evolution, Generation, Startups
Subjects:H Social Sciences > HF Commerce
Divisions:International Business School
ID Code:97532
Deposited By: Widya Wahid
Deposited On:17 Oct 2022 12:28
Last Modified:17 Oct 2022 12:28

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