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Overview of US incubators and the case of the Austin Technology Incubator

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  • Joel Wiggins, David V. Gibson

Abstract

Business incubators have a 25-year history in the US. Today, they number more than 800. Most are non-profit entities, many associated with universities. This article provides a general overview of business incubation in the US and provides a case study of the award-winning Austin Technology Incubator whose companies have generated over $1.4 billion in revenues and created some 3,000 jobs. The authors conclude that business incubators must accomplish five tasks well in order to succeed: establish clear metrics for success; provide entrepreneurial leadership; develop and deliver value-added services to member companies; develop a rational new-company selection process; and ensure that member companies gain access to necessary human and financial resources.

Suggested Citation

  • Joel Wiggins, David V. Gibson, 2003. "Overview of US incubators and the case of the Austin Technology Incubator," International Journal of Entrepreneurship and Innovation Management, Inderscience Enterprises Ltd, vol. 3(1/2), pages 56-66.
    • Handle: RePEc:ids:ijeima:v:3:y:2003:i:1/2:p:56-66
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    Citations

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    Cited by:

    1. Thobekani Lose & Robertson K. Tengeh, 2015. "The Sustainability and Challenges of Business Incubators in the Western Cape Province, South Africa," Sustainability, MDPI, vol. 7(10), pages 1-14, October.
    2. Lambais, Guilherme B. R., 2009. "The Metropolitan Region of Campinas, Brazil: applying the technopolis framework," MPRA Paper 24347, University Library of Munich, Germany.
    3. Sohail, Kanza & Belitski, Maksim & Castro Christiansen, Liza, 2023. "Developing business incubation process frameworks: A systematic literature review," Journal of Business Research, Elsevier, vol. 162(C).
    4. Sudha Mavuri & Kavita Chavali & Ajith Kumar Vadakkiveetil, 2023. "Role of Incubation Centers in Promoting Sustainable Development in Nigeria," Academic Journal of Interdisciplinary Studies, Richtmann Publishing Ltd, vol. 12, January.
    5. Kingsley E. Haynes, 2011. "The Location of Business Support Programs: Does the Knowledge Context Matter?," ERSA conference papers ersa10p1499, European Regional Science Association.
    6. Lambais, Guilherme B. R., 2009. "Empresas de base tecnológica induzidas e espontâneas na região metropolitana de Campinas: limitações, potencialidades e relações com o espaço geográfico [Induced and Spontaneous Technology-Based Co," MPRA Paper 24449, University Library of Munich, Germany.
    7. Haifeng Qian & Kingsley E. Haynes & James D. Riggle, 2011. "Incubation Push or Business Pull? Investigating the Geography of U.S. Business Incubators," Economic Development Quarterly, , vol. 25(1), pages 79-90, February.
    8. Kingsley E. Haynes & Haifeng Qian & Sidney C. Turner, 2012. "The location of business support programs: does the knowledge context matter?," Chapters, in: Charlie Karlsson & Börje Johansson & Roger R. Stough (ed.), Entrepreneurship, Social Capital and Governance, chapter 13, pages 302-324, Edward Elgar Publishing.
    9. Somsuk, Nisakorn & Laosirihongthong, Tritos, 2014. "A fuzzy AHP to prioritize enabling factors for strategic management of university business incubators: Resource-based view," Technological Forecasting and Social Change, Elsevier, vol. 85(C), pages 198-210.
    10. Anthony M Levenda & Eliot Tretter, 2020. "The environmentalization of urban entrepreneurialism: From technopolis to start-up city," Environment and Planning A, , vol. 52(3), pages 490-509, May.
    11. Marina Dabić & Marta Ortiz‐De‐Urbina‐Criado & Ana M. Romero‐Martínez, 2011. "Human resource management in entrepreneurial firms: a literature review," International Journal of Manpower, Emerald Group Publishing Limited, vol. 32(1), pages 14-33, March.
    12. Osama Mostafa Atout, 2021. "Determination of the legal framework for localization science and technology valleys and technology incubators in nuclear activitiesys and technology incubators in nuclear activities," Technology audit and production reserves, Socionet;Technology audit and production reserves, vol. 1(4(57)), pages 28-37.

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