![]() ![]() Summary of the evolution of business incubation’s value proposition (synthesized from Bruneel, Ratinho, Clarysse, Groen, 2012 NBIA, 2012 Lalkaka, 2000). Networks: facilitating access to external resources, knowledge and legitimacyĪccess to technological, professional, and financial networksĪccess to external resources, knowledge, and legitimacy Key characteristics are summarized in the table below.īusiness support: accelerating the learning curve Below you will find short analysis of terms ‘business incubation’ and ‘business incubator’ and their development through time.Īccording to respected authors there were three stages of business incubation development:ġ) business incubation provided within physical facilityĢ) business incubation as business support serviceģ) business incubation viewed from networks’ perspective For this reason I have analyzed around 15 sources (mostly academic papers and professional associations) to come up with one definition. I believe that’s highly important to understand the evolution of the business incubation concept, in order to determine it. ![]() However, in this blog I will establish one definition which will be given after analysis of existing ones. Differences in definitions are largely in emphasis and detail although some are substantive. I will devote special post to classification of business incubators. Incubators could be profit and non-profit, public and corporate, etc. ‘Nearly three dozen definitions are available in the academic literature and just as many have been adopted by industry associations and policymakers in different countries, reflecting local cultures and national policies.’ (Bruneel, Ratinho, Clarysse, Groen, 2012) It’s very important to understand that it’s impossible to have one common definition of this concept due to several reasons: (1) it’s constantly evolving (we could count at least three stages of evolution), (2) different countries, economies and societies understand this concept differently (3) among practitioners and academics there is interchangeability between the terms of ‘business incubation’ and ‘business incubator’, despite the fact that one provides another which creates certain level of incomprehension, (4) and last but not least depending on the point of view, typologies and taxonomies, goals, expectations the term could be defined in many ways. There is no one standard and commonly accepted definition of business incubation or business incubator.
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