Business Incubation Mechanism for Conducive Start-Up Ecosystem

Abstract

Business Incubators are designed as launching pads for business start-ups. The cycle of any new start-up business needs a number of support services at its different phases to cope up with dynamic environmental and operational challenges. Hence, business incubator mechanism portfolio creation aligned with phases of start-up is an important domain to explore, which is intended in this conceptual study. The article attempts to portray the evolution of business incubator mechanism with a brief typology along with the presence of business incubator facility in modern entrepreneurship development tools employed for supporting startups. Assessing an incubator is a complex task and this article makes an attempt to highlight the significance of such assessments. It presents a set of benchmarking procedure which helps the facility tools to be more impactful and thus maintain sustainable operation. The study contributes to the body of knowledge which can serve researchers and practioners in the planning and execution of incubation facilities as a novel approach to strengthen start-up conductive ecosystem.