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    Technology Business Incubators as Engines of Growth: Towards a Distinction Between Technology Incubators and Non-Technology Incubators

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    http://hdl.handle.net/11603/5397
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    Author/Creator
    Ratinho, Tiago
    Harms, Rainer
    Groen, Aard J.
    Date
    2009
    Type of Work
    19 pages
    Text
    journal articles
    Citation of Original Publication
    Ratinho, T., Harms, R., & Groen, A. J. (2010). Technology Business Incubators as Engines of Growth: Towards a Distinction Between Technology Incubators and Non-Technology Incubators. In J. Langan Fox (Ed.), 7th International AGSE Entrepreneurship Research Exchange. Melbourne, Australia: Swinburne University of Technology, 1-19.
    Subjects
    economic growth
    entrepreneurship
    entrepreneurs
    business incubators
    technology incubation
    business support
    Abstract
    Business incubators are an increasingly popular tool for promoting job and wealth creation. Yet given the heterogeneity of incubation models, it is not always clear how incubators operate, what their main characteristics are and how can they best contribute to job and wealth creation. If technology is central in promoting economic growth and new firm creation the crucial mechanism in transferring new knowledge to markets, then technology incubators have the biggest potential to contribute to economic growth. We define technology incubators by their strategic choices in terms of mission, linkages to universities and geographical location. We investigate their nature by comparing the levels of business services provision, selection criteria, exit policy and tenants’ characteristics. Our sample includes 12 incubators located in six Northwestern European countries and a total of 101 incubated companies. Data were collected in both incubators and among their tenants. Results show that technology incubators provide more tenants with their services, select younger companies and practice stricter exit policies. Additionally, they tend to attract more experienced teams of entrepreneurs. Our main contribution is a better understanding of the technology incubators impact against the remainder population of business incubators. We speculate that incubators not focussed in incubating technology might not be contributing to company creation at all. Further, the low levels of service provision are both a product and a consequence of slack selection criteria and weak exit policies. Finally, we discuss the implications of our findings to business incubator managers, policy makers and prospective tenants.

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    • Towards a Distinction Between Technology Incubators and Non-Technology Incubators: Can They Contribute to Economic Growth? 

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      Business incubators are an increasingly popular tool for promoting job and wealth creation. Yet given the heterogeneity of incubation models, it is not always clear how incubators operate, what their main characteristics ...
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      Spotila, James R.; Zimmerman, L. C.; Binckley, Christopher; Grumbles, Janice; Rostal, David C.; List, A. Jr.; Beyer, E. C.; Phillips, K. M.; Kemp, Stanley J. (1994)
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    • Business Incubators: (How) Do They Help Their Tenants? 

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      Business incubators (BI) have been established worldwide as tools for company creation and small businesses support. BIs claim to help their tenants by providing them with the optimal conditions for increasing early stage ...


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    Robert L. Bogomolny Library
    University of Baltimore
    1420 Maryland Ave.
    Baltimore, MD 21201
    Email: knowledgeworks@ubalt.edu


    If you wish to submit a copyright complaint or withdrawal request, please email mdsoar-help@umd.edu.