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Business Incubators And Sustainable Innovation

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  • Schebesch Klaus Bruno

    ()
    ("Vasile Goldis" Western University Arad, Economics)

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    Abstract

    Innovative businesses are often the result of collective action of organisations involved in many-sided market structures, which can be found in and around business incubators or tech¬no¬logy centres. Within such frame environments, many group interests beyond those of single producers and their immediate clients exist and interfere. Rather generically, important economic outcomes of innovations are se¬quen¬ces of cost reduc¬¬tion events at the level of econo¬mic sectors, where the na¬ture of (sector-wise) technology is influencing the pace of these events. At the conceptual le¬vel, we describe the social learning and social innovation process which leads to sustainable in¬no¬¬va¬tion by means of the influence exerted by firms on each other within constrained envi¬ronments such as business incubators. These environments need not to be organized according to any sector logic. We propose that the influ¬ence exerted between firms is increasing in firm simila¬rity, in the degree of product com¬plementarity, and also to depend on (mutual) trust relations. \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\r\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\nWe note that, very much in symmetry with the role of sustainability in society as a whole, in the world of firms and markets, the incubation process may be viewed as a "moderator," which attempts to overcome the disadvantages of highly paced, short-term oriented capitalist economies. In sections 2 and 3 a concept for representing the societal forces shaping sustainability and incubation for the innovating firm is described and ways of transforming the concept into concrete tools of assessment and valuation are pointed at. \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\r\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\n

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    Bibliographic Info

    Article provided by University of Oradea, Faculty of Economics in its journal The Journal of the Faculty of Economics - Economic.

    Volume (Year): 1 (2011)
    Issue (Month): 1 (July)
    Pages: 779-785

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    Handle: RePEc:ora:journl:v:1:y:2011:i:1:p:779-785

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    Related research

    Keywords: Innovation; Incubators; Learning; Networks; Sustainability;

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    References

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    1. D. Patton & L. Warren & D. Bream, 2009. "Elements that underpin high-tech business incubation processes," The Journal of Technology Transfer, Springer, vol. 34(6), pages 621-636, December.
    2. Christian Terwiesch & Yi Xu, 2008. "Innovation Contests, Open Innovation, and Multiagent Problem Solving," Management Science, INFORMS, vol. 54(9), pages 1529-1543, September.
    3. Gilsing, V.A. & Burg, E. van & Romme, A.G.L., 2010. "Policy principles for the creation and success of corporate and academic spin-offs," Open Access publications from Tilburg University urn:nbn:nl:ui:12-3559572, Tilburg University.
    4. Annika Rickne, 2006. "Connectivity and Performance of Science-based Firms," Small Business Economics, Springer, vol. 26(4), pages 393-407, 05.
    5. Michael Schwartz & Maximilian Göthner, 2009. "A Novel Approach to Incubator Evaluations: The PROMETHEE Outranking Procedures," IWH Discussion Papers 1, Halle Institute for Economic Research.
    6. Elisa Salvador, 2011. "Are science parks and incubators good “brand names” for spin-offs? The case study of Turin," The Journal of Technology Transfer, Springer, vol. 36(2), pages 203-232, April.
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