How entrepreneurial characteristics and incubation facilities shape venture creation among technology business incubators in Nigeria
by Caleb Muyiwa Adelowo; Oluwaseun O. Oladimeji
International Journal of Technoentrepreneurship (IJTE), Vol. 5, No. 1, 2024

Abstract: Technology business incubation contributes greatly to nurturing and growing young and innovative enterprises in both developed and developing countries. It should be noted that the personal entrepreneurial characteristics (PECs) of the tenants also matter for them to succeed. Therefore, paying attention to tenants' PECs, which moderate the influence of incubation facilities on venture creation, is important for policy and practice. In this paper, we explore the influence of tenants' PECs and the contribution of incubator facilities to successful venture creation among selected incubators. Data were collected from 58 tenants across six technology business incubators (TBIs) in South-West Nigeria using a validated questionnaire. The results show that tenants' PECs are relatively high, except for demand for quality and information seeking, which are low. Regression analysis revealed that PECs significantly moderate the influence of incubation facilities on venture creation. The implications of these findings are drawn, and appropriate policy suggestions to improve incubators' performance are formulated.

Online publication date: Fri, 22-Mar-2024

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