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Incubator Definition Based on a Review of Definitions in the Literature (view source)
Revision as of 11:26, 27 March 2019
, 11:26, 27 March 2019→Incubator Definitions in the Literature
| Viewed the incubator as an enterprise that facilitates the early-stage development of firms
by providing office space, sharedservices and business assistance. A business incubator is a shared officespace facility that seeks to provide its incubatees (i.e. ‘‘portfolio-’’ or ‘‘client-’’ or ‘‘tenant-companies’’) with a strategic, value-adding intervention system (i.e. business incubation) of monitoring and business assistance. This system controls and links
resources with the objective of facilitating the successful new venture development of the incubatees while simultaneously containing the cost of their potential failure...the incubator is also a network of individuals and organizations including the incubator manager and staff, incubator advisory board, incubatee companies and employees, local universities and university community members, industry contacts, and professional services providers such as lawyers, accountants, consultants, marketing specialists, venture capitalists, angel investors, and volunteers.Typically, most incubators do not maintain their own investment fund, servinginstead as a broker that introduces incubatees to sources of capital when the need arises (pp. 8). [He separates incubators by] Incubator level: primary financial sponsorship - Publicly Sponsored; Nonprofit-sponsored; University-sponsored; Privately-sponsored (pp. 8, Kuratko and LaFollette,1987; Smilor, 1987b; Temali and Campbell, 1984).
| [https://link.springer.com/content/pdf/10.1023%2FB%3AJOTT.0000011181.11952.0f.pdf/ Link]
| TBD
