Business incubator: The genesis, evolution, and innovation invigoration
Global trends and advancements, economic demands, technological revolutions, and challenges are among some of the factors contributing towards the creation of business incubators to nurture fledgling startups to upscale and accelerate their business development. Although it is widely acknowledged th...
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Format: | Article |
Language: | English |
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Human Resource Management Academic Research Society
2021
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Online Access: | http://eprints.utm.my/97532/1/ShatheesBaskaran2021_BusinessIncubatorTheGenesisEvolutionandInnovationInvigoration.pdf |
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author | Indiran, Logaiswari Nallaluthan, Kesavan Baskaran, Shathees Dalayga, Bathmavathy |
author_facet | Indiran, Logaiswari Nallaluthan, Kesavan Baskaran, Shathees Dalayga, Bathmavathy |
author_sort | Indiran, Logaiswari |
collection | ePrints |
description | Global trends and advancements, economic demands, technological revolutions, and challenges are among some of the factors contributing towards the creation of business incubators to nurture fledgling startups to upscale and accelerate their business development. Although it is widely acknowledged that incubation models have changed over the years, yet not many aware of the value propositions that have been evolved over the past decades. Therefore, this study starts with the genesis of business incubation which was retraced in the 1950s. Thus, by using typology methodology, this study reviews the evolution of business incubators into three phases, namely first generation; economy of scale, second-generation; knowledge-based service, and the third generation; access to external resources, knowledge, and legitimacy. To provide comprehensive data, the methodology used was the integrative review of the literature. This study suggests the incubators’ strategy and value proposition should be based on the current trend, challenges, needs, and opportunities in the context of startups. |
first_indexed | 2024-03-05T21:12:12Z |
format | Article |
id | utm.eprints-97532 |
institution | Universiti Teknologi Malaysia - ePrints |
language | English |
last_indexed | 2024-03-05T21:12:12Z |
publishDate | 2021 |
publisher | Human Resource Management Academic Research Society |
record_format | dspace |
spelling | utm.eprints-975322022-10-17T04:28:49Z http://eprints.utm.my/97532/ Business incubator: The genesis, evolution, and innovation invigoration Indiran, Logaiswari Nallaluthan, Kesavan Baskaran, Shathees Dalayga, Bathmavathy HF Commerce Global trends and advancements, economic demands, technological revolutions, and challenges are among some of the factors contributing towards the creation of business incubators to nurture fledgling startups to upscale and accelerate their business development. Although it is widely acknowledged that incubation models have changed over the years, yet not many aware of the value propositions that have been evolved over the past decades. Therefore, this study starts with the genesis of business incubation which was retraced in the 1950s. Thus, by using typology methodology, this study reviews the evolution of business incubators into three phases, namely first generation; economy of scale, second-generation; knowledge-based service, and the third generation; access to external resources, knowledge, and legitimacy. To provide comprehensive data, the methodology used was the integrative review of the literature. This study suggests the incubators’ strategy and value proposition should be based on the current trend, challenges, needs, and opportunities in the context of startups. Human Resource Management Academic Research Society 2021 Article PeerReviewed application/pdf en http://eprints.utm.my/97532/1/ShatheesBaskaran2021_BusinessIncubatorTheGenesisEvolutionandInnovationInvigoration.pdf Indiran, Logaiswari and Nallaluthan, Kesavan and Baskaran, Shathees and Dalayga, Bathmavathy (2021) Business incubator: The genesis, evolution, and innovation invigoration. International Journal of Academic Research in Business and Social Sciences, 11 (7). pp. 342-354. ISSN 2222-6990 http://dx.doi.org/10.6007/IJARBSS/v11-i7/9940 DOI : 10.6007/IJARBSS/v11-i7/9940 |
spellingShingle | HF Commerce Indiran, Logaiswari Nallaluthan, Kesavan Baskaran, Shathees Dalayga, Bathmavathy Business incubator: The genesis, evolution, and innovation invigoration |
title | Business incubator: The genesis, evolution, and innovation invigoration |
title_full | Business incubator: The genesis, evolution, and innovation invigoration |
title_fullStr | Business incubator: The genesis, evolution, and innovation invigoration |
title_full_unstemmed | Business incubator: The genesis, evolution, and innovation invigoration |
title_short | Business incubator: The genesis, evolution, and innovation invigoration |
title_sort | business incubator the genesis evolution and innovation invigoration |
topic | HF Commerce |
url | http://eprints.utm.my/97532/1/ShatheesBaskaran2021_BusinessIncubatorTheGenesisEvolutionandInnovationInvigoration.pdf |
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