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Business and Technology Incubators and their Role in the Nordic Countries in Comparison to the GCC countries: An Analysis of Current Affairs

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  • Thomas Hedner
  • Hanadi Almubaraki
  • Michael Busler

    ()

  • Adli Abouzeedan

    ()

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    Abstract

    Business and Technology incubators are seen as important actors for the development of dynamic start-up companies in national economies. The way such incubators function and the impact they have on regional development may vary from one region to another. In this paper we survey and discuss the roles played by business and technology incubators in two different regions of the world, namely the Nordic region with countries like Sweden, Norway and Finland and the Gulf Cooperation Council (GCC) countries, such as Kuwait, Bahrain, Qatar, UAE and Saudi Arabia. The business and technology incubators were assessed in terms of perspective (Logics and Function; Strategy and Planning; Policies and Practices; Role and Impact; Output and Outcome) as well as stage of development (Inception, Implementation, Consolidation and Renewal; Etzkowitz and Klofsten 2005). The paper analyzes the role of business incubators from functional and longitudinal perspectives. In the two regions, we have also analyzed the strength and impact of actors and institutions involved in the development of incubator systems, such as academic, business and governmental institutions. Keywords: Incubators, Business Incubators, venture creation, Nordic countries, GCC countries.

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    Bibliographic Info

    Paper provided by European Regional Science Association in its series ERSA conference papers with number ersa10p1283.

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    Date of creation: Sep 2011
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    Handle: RePEc:wiw:wiwrsa:ersa10p1283

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    1. Peter Teirlinck & Andre Spithoven, 2008. "The Spatial Organization of Innovation: Open Innovation, External Knowledge Relations and Urban Structure," Regional Studies, Taylor & Francis Journals, vol. 42(5), pages 689-704.
    2. Erol Taymaz & G, rard Ballot, 1997. "The dynamics of firms in a micro-to-macro model: The role of training, learning and innovation," Journal of Evolutionary Economics, Springer, vol. 7(4), pages 435-457.
    3. Greene, Patricia Gene & Butler, John Sibley, 1996. "The minority community as a natural business incubator," Journal of Business Research, Elsevier, vol. 36(1), pages 51-58, May.
    4. Lakhani, Karim R. & von Hippel, Eric, 2003. "How open source software works: "free" user-to-user assistance," Research Policy, Elsevier, vol. 32(6), pages 923-943, June.
    5. Romer, Paul M, 1986. "Increasing Returns and Long-run Growth," Journal of Political Economy, University of Chicago Press, vol. 94(5), pages 1002-37, October.
    6. Colombo, Massimo G. & Delmastro, Marco, 2002. "How effective are technology incubators?: Evidence from Italy," Research Policy, Elsevier, vol. 31(7), pages 1103-1122, September.
    7. Marva Corley & Jonathan Michie & Christine Oughton, 2002. "Technology, Growth and Employment," International Review of Applied Economics, Taylor & Francis Journals, vol. 16(3), pages 265-276.
    8. Rudy Aernoudt, 2004. "Incubators: Tool for Entrepreneurship?," Small Business Economics, Springer, vol. 23(2), pages 127-135, 09.
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