Categories of incubator success: a case study of three New York incubator programmes
World Journal of Science, Technology and Sustainable Development
ISSN: 2042-5945
Article publication date: 5 January 2015
Abstract
Purpose
The purpose of this paper is to investigate and identify three categories of incubators in the USA located in New York (NY). The incubator categories are: technology commercialisation; economic development; and entrepreneurship.
Design/methodology/approach
The study uses a qualitative approach based on interviews concerning three incubator programmes selected for their successful outcomes.
Findings
The research findings suggest four priorities for incubators: to be dynamic models of self-sustainable, efficient business development; to provide helpful tools for generating jobs; to foster and support enterprise and innovation to create the best environment for the start-up and smart growth of businesses; and to support value-added businesses through various means, such as developing the region’s science parks and R&D centres, improving collaboration between universities, and supporting business investment and growth.
Originality/value
The research adds value to academicians and practitioners such as government, funded organisations, institutions and policy makers.
Keywords
Acknowledgements
The KFAS project team would like to express their genuine appreciation to the Kuwait Foundation for Advancement of Sciences (KFAS-2010-1103-04) for the financial support provided for this project. A special acknowledgement and appreciation is due to Professor Rashed Al-Ajmei, Dean of the College of Business Administration, Kuwait University and Chairman of the Centre for Excellence for all managerial advice and support required for the project. The team also extends deep thanks to the National Business Incubation Association (NBIA) for providing successful international case studies to be interviewed. The research team is also grateful to the Kuwait Investment Authority (KIA) for providing valuable information.
Citation
Al-Mubaraki, H.M., Muhammad, A.H. and Busler, M. (2015), "Categories of incubator success: a case study of three New York incubator programmes", World Journal of Science, Technology and Sustainable Development, Vol. 12 No. 1, pp. 2-12. https://doi.org/10.1108/WJSTSD-06-2014-0006
Publisher
:Emerald Group Publishing Limited
Copyright © 2015, Emerald Group Publishing Limited