| Summary: | The purpose of this study is to review the literature of business incubators (BIs) particularly in developing countries context. The extensive literature
in developing countries like China, India, Malaysia and Pakistan supports the concept of BIs as a part of their national innovation system and
also for economic development. We further found from the literature that BIs contribute in achieving the commercialization targets, creating new
startups, promoting the entrepreneurial culture, innovation and generating revenue. However, the concept is at initial stages of implementation
particularly in Pakistan and Malaysia. The lack of human and technical expertise and financial constraints are the main reasons behind this slow
progress. This study contributes to improve the understanding of business incubator’s strategies, objectives, functionalities, implementation
and outcome in developing countries. Additionally, this study provides the useful information to policy makers, government, academicians and
practitioners about the BIs.
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