| Title | Business Incubation and Business Model Innovation |
|---|---|
| ID_Doc | 78020 |
| Authors | Isabelle, D; Westerlund, M |
| Title | Business Incubation and Business Model Innovation |
| Year | 2016 |
| Published | |
| Abstract | Communities around the world have been looking for ways to encourage and support new-business development to enhance economic development and create jobs. One mechanism of the entrepreneurial ecosystem is business incubation. The concept of business incubation has evolved significantly over the years. The number of incubators is rapidly increasing in both developed and emerging economies, and incubators are becoming increasingly networked. However, many are supported by government funding and lack strategy that would make them self-sufficient. This paper reviews the concept of business model and proposes that it can help in innovating and designing sustainable ways of operation for incubators. The study contributes to discussions on business incubation by enriching our understanding of how the business model perspective, particularly business model innovation, can enhance the evolution of business incubators, hence moving the field forward and promoting future theory development. |
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