An Analysis of the Main Features of the Business Incubators
Over time the success of business incubators has been questioned. There were observers who have noticed their beneficial effects (Haugen 1990), but there were also observers who have criticized the incubators and their impact, for example Cote (1991) who was highly critical with the incubators from Canada, funded by the government. Regarding the business incubators we should remember that the objectives of the incubators should be fully taken into account in evaluating their success. If the objective is to create new companies with a higher probability of success than a non-start-up incubator, then the criteria should be the long-term survival rates and the leaving moment from the incubator. On the other hand, if the objective of an incubator is to obtain profit as an independent entity, then the number of successful companies after leaving the incubator wouldn’t be an appropriate criterion for determining the success of the incubator. Throughout this work we aim to capture the main features of business incubators and to turn our attention to the results of incubation Projects led in Romania through “The National and Multiannual Program of Establishment and Development of Technological and Business Incubators (2002-2012)”.
Volume (Year): 12 (2011)
Issue (Month): 6 (December)
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