IDEAS home Printed from https://ideas.repec.org/a/spr/jknowl/v4y2013i4p423-443.html
   My bibliography  Save this article

Business Incubators: Effective Infrastructures or Waste of Public Money? Looking for a Theoretical Framework, Guidelines and Criteria

Author

Listed:
  • Ernesto Tavoletti

    ()

Abstract

There is a wide literature about business incubators (BIs), especially about successful cases in high tech and knowledge intensive industries. Despite that, there is neither a viable integrative theory of effective business incubation nor clear guidelines about the preconditions for establishing BIs and their management. Such theory and guidelines are urgently needed because there is increasing evidence in the literature that, despite many successful cases and public policies supporting business incubation, most of BIs are not successful at all and serious doubts have emerged about the general effectiveness of business incubation and the advisability of investing public money in it. Based on a systematic literature review of the poor and scattered theoretical knowledge of effective business incubation, general principles are proposed to decide when a BI should be established and what it should do to be effective. The research is limited to non-profit BIs whose main goal is regional economic development as they represent the overwhelming majority of operating BIs. Copyright Springer Science+Business Media, LLC 2013

Suggested Citation

  • Ernesto Tavoletti, 2013. "Business Incubators: Effective Infrastructures or Waste of Public Money? Looking for a Theoretical Framework, Guidelines and Criteria," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 4(4), pages 423-443, December.
  • Handle: RePEc:spr:jknowl:v:4:y:2013:i:4:p:423-443
    DOI: 10.1007/s13132-012-0090-y
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1007/s13132-012-0090-y
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Sean M. Hackett & David M. Dilts, 2004. "A Systematic Review of Business Incubation Research," The Journal of Technology Transfer, Springer, vol. 29(1), pages 55-82, January.
    2. Huseyin Leblebici & Nina Shah, 2004. "The Birth, Transformation and Regeneration of Business Incubators as New Organisational Forms: Understanding the Interplay between Organisational History and Organisational Theory," Business History, Taylor & Francis Journals, vol. 46(3), pages 353-380.
    3. Sean Hackett & David Dilts, 2008. "Inside the black box of business incubation: Study B—scale assessment, model refinement, and incubation outcomes," The Journal of Technology Transfer, Springer, vol. 33(5), pages 439-471, October.
    4. Rothaermel, Frank T. & Thursby, Marie, 2005. "Incubator firm failure or graduation?: The role of university linkages," Research Policy, Elsevier, vol. 34(7), pages 1076-1090, September.
    5. Rudy Aernoudt, 2004. "Incubators: Tool for Entrepreneurship?," Small Business Economics, Springer, vol. 23(2), pages 127-135, September.
    6. Markman, Gideon D. & Phan, Phillip H. & Balkin, David B. & Gianiodis, Peter T., 2005. "Entrepreneurship and university-based technology transfer," Journal of Business Venturing, Elsevier, vol. 20(2), pages 241-263, March.
    7. Rice, Mark P., 2002. "Co-production of business assistance in business incubators: an exploratory study," Journal of Business Venturing, Elsevier, vol. 17(2), pages 163-187, March.
    8. Riddle, Liesl & Hrivnak, George A. & Nielsen, Tjai M., 2010. "Transnational diaspora entrepreneurship in emerging markets: Bridging institutional divides," Journal of International Management, Elsevier, vol. 16(4), pages 398-411, December.
    9. Sean M. Hackett & David M. Dilts, 2004. "A Real Options-Driven Theory of Business Incubation," The Journal of Technology Transfer, Springer, vol. 29(1), pages 41-54, January.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. repec:spr:intemj:v:13:y:2017:i:2:d:10.1007_s11365-016-0416-5 is not listed on IDEAS
    2. van Weele, Marijn & van Rijnsoever, Frank J. & Nauta, Frans, 2017. "You can't always get what you want: How entrepreneur's perceived resource needs affect the incubator's assertiveness," Technovation, Elsevier, vol. 59(C), pages 18-33.
    3. Ernesto Tavoletti & Corrado Cerruti, 2012. "Business Incubation: The Case of the European Space Agency," DSI Essays Series, DSI - Dipartimento di Studi sull'Impresa, vol. 29.
    4. Frank J. Van Rijnsoever & Marijn A. Van Weele & Chris P. Eveleens, 0. "Network brokers or hit makers? Analyzing the influence of incubation on start-up investments," International Entrepreneurship and Management Journal, Springer, vol. 0, pages 1-25.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:jknowl:v:4:y:2013:i:4:p:423-443. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sonal Shukla) or (Rebekah McClure). General contact details of provider: http://www.springer.com .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.