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Identifying new dimensions of business incubation: A multi-level analysis of Karolinska Institute's incubation system

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  • Baraldi, Enrico
  • Ingemansson Havenvid, Malena

Abstract

Relying on an in-depth case study of the incubator related to the Swedish medical university Karolinska Institute's (KI), this paper identifies new analytical and strategic dimensions of incubation. Departing from the current literature's prevalent focus on incubators as organizations performing a predefined set of activities for incubatees (facility renting, coaching, training and connecting), we perform a multilevel analysis embracing, next to the organizational and the project-specific levels, also the broader institutional and inter-organizational level. Our analysis relies on seven key components of incubation, namely its time, place, sources, resources, control/governance, activities/services and outcomes. Further, we view incubators as strategic actors engaged in value creation on a broader arena than the strict incubation context, even an international arena, where incubators' choices and interactions can be analyzed with the help of concepts from various streams in the business strategy literature. The specific strategic drivers of business incubation that we identify in the KI incubator's case are six: positioning in the value chain, risk taking/time perspective, revenue model, governance/control, internationalization, and cooperation/competition. The paper concludes with managerial implications urging incubators to take more of a strategic perspective rather than focussing only on the established components of their operations.

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  • Baraldi, Enrico & Ingemansson Havenvid, Malena, 2016. "Identifying new dimensions of business incubation: A multi-level analysis of Karolinska Institute's incubation system," Technovation, Elsevier, vol. 50, pages 53-68.
    • Handle: RePEc:eee:techno:v:50-51:y:2016:i::p:53-68
    DOI: 10.1016/j.technovation.2015.08.003
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    9. Amandine Maus & Sylvie Sammut, 2018. "Business model innovation in incubators: the role played by dynamic capabilities theory," Post-Print hal-02466175, HAL.
    10. Prashantham, Shameen & Floyd, Steven W., 2019. "Navigating liminality in new venture internationalization," Journal of Business Venturing, Elsevier, vol. 34(3), pages 513-527.
    11. Mian, Sarfraz & Lamine, Wadid & Fayolle, Alain, 2016. "Technology Business Incubation: An overview of the state of knowledge," Technovation, Elsevier, vol. 50, pages 1-12.
    12. Arabeche Zina, 2022. "The Actions Carried Out by the Cyberparc Incubator of Sidi Abdellah During the Period of 2010–2020: State of Play and Perspectives," Economics and Business, Sciendo, vol. 36(1), pages 17-33, January.
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    17. Charlene L. Nicholls-Nixon & Dave Valliere & Steven A. Gedeon & Sean Wise, 2021. "Entrepreneurial ecosystems and the lifecycle of university business incubators: An integrative case study," International Entrepreneurship and Management Journal, Springer, vol. 17(2), pages 809-837, June.
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    19. Vidit Mohan & Rohan Chinchwadkar, 2022. "Technology Business Incubation: A Literature Review and Gaps," International Journal of Global Business and Competitiveness, Springer, vol. 17(1), pages 53-63, June.
    20. Good, Matthew & Knockaert, Mirjam & Soppe, Birthe & Wright, Mike, 2019. "The technology transfer ecosystem in academia. An organizational design perspective," Technovation, Elsevier, vol. 82, pages 35-50.
    21. Enrico Baraldi & Antonella La Rocca & Andrea Perna & Ivan Snehota, 2020. "Connecting IMP and entrepreneurship research: Directions for future research," Post-Print hal-03181351, HAL.

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