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Business Incubators And Sustainable Innovation

Author

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  • Schebesch Klaus Bruno

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

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

Suggested Citation

  • Schebesch Klaus Bruno, 2011. "Business Incubators And Sustainable Innovation," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 779-785, July.
  • Handle: RePEc:ora:journl:v:1:y:2011:i:1:p:779-785
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    File URL: http://anale.steconomiceuoradea.ro/volume/2011/n1/103.pdf
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    References listed on IDEAS

    as
    1. Gilsing, V.A. & van Burg, E. & Romme, A.G.L., 2010. "Policy principles for the creation and success of corporate and academic spin-offs," Other publications TiSEM 4f828c53-0ac2-4ea7-9f90-4, Tilburg University, School of Economics and Management.
    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. Annika Rickne, 2006. "Connectivity and Performance of Science-based Firms," Small Business Economics, Springer, vol. 26(4), pages 393-407, May.
    4. 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.
    5. 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.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Innovation; Incubators; Learning; Networks; Sustainability;

    JEL classification:

    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • M39 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising - - - Other
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives

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