Business incubation and acceleration process: theoretical foundation
Анотація
This paper develops the theoretical foundation for the business incubation and acceleration process. Global trends determine the features of modern research and development processes (“sharing economy”, “open innovation concept”). These tendencies contribute to growing the role of partnership within the entrepreneurial ecosystem. Therefore, business incubators and accelerators are the crucial elements of innovative infrastructure. In the paper, the definition of the business incubation and acceleration models was determined. Furthermore, three generations of incubation model development depending on the value proposition for the participating ventures were described (since 1980- early 1990s; during 1990s; 2001 — to date). Accelerator could be understood as the new business incubator mechanism. The role of business incubators as the tool for economic development are the following: high positive impact on economic growth, increasing the competitiveness of companies in the market by providing comprehensive service (assistance) to entrepreneurs at all scales of business (micro-, small and medium-sized businesses).
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