Title: Business incubation mechanisms and new venture support: emerging structures of US science parks and incubators
Authors: Sarfraz A. Mian
Addresses: School of Business, State University of New York, Oswego, NY 13126, USA
Abstract: This article surveys the last several decades of the emergence of business incubation mechanisms in supporting the development of innovative small firms. Focusing on the more established business incubation programmes, the paper presents four representative cases of the US science park and their incubator programmes initiated in the 1980s. A longitudinal review of the last three decades of their emerging organisational structures, management policies, and services provided reveal that these incubation mechanisms are responsive to the client firms changing needs and have evolved into sustainable models of new venture support. The article provides lessons for those interested in benchmarking, managing, and assessing the roles of modern science park and incubator mechanisms.
Keywords: incubation mechanisms; new venture support; USA; science parks; United States; business incubators; innovative small firms; technology-based firms; TBFs; business incubation programmes; case studies; longitudinal studies; organisational structures; management policies; services; client firms needs; benchmarking.
International Journal of Entrepreneurship and Small Business, 2014 Vol.23 No.4, pp.419 - 435
Received: 08 May 2021
Accepted: 12 May 2021
Published online: 04 Nov 2014 *