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Accelerating Venture Creation and Building on Mutual Strengths in Experimental Business Labs

In: The Experimental Nature of New Venture Creation

Author

Listed:
  • Martin Curley

    (Intel Lab
    National University of Ireland
    National University of Ireland)

  • Piero Formica

    (National University of Ireland
    University of Tartu
    International Entrepreneurship Academy)

Abstract

The time is ripe for a new and far-reaching approach to the idea production process and, particularly, the idea testing process of high-expectation entrepreneurial ventures. The consolidated approach of science and technology incubators, which has its roots and rationale in the industrial era, is supposedly based on the subsidized protection of aspiring entrepreneurs. However, high-expectation entrepreneurs typically move much more quickly than supporting agencies, and therefore for them the reality is different from the theory. As reported on August 8, 2012 by broadstuff, the weblog of multi-media consultancy Broadsight—www.broadsight.com, findings from a study by Jared Konczal of the Kaufmann Foundation “reveal that the effects of incubation are potentially deleterious to the long-term survival and performance of new ventures. Incubated firms outperform their peers in terms of employment and sales growth but fail sooner”.

Suggested Citation

  • Martin Curley & Piero Formica, 2013. "Accelerating Venture Creation and Building on Mutual Strengths in Experimental Business Labs," Innovation, Technology, and Knowledge Management, in: Martin Curley & Piero Formica (ed.), The Experimental Nature of New Venture Creation, edition 127, chapter 0, pages 51-58, Springer.
    • Handle: RePEc:spr:innchp:978-3-319-00179-1_5
    DOI: 10.1007/978-3-319-00179-1_5
    as

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