Business Panel Prediction of Nascent Entrepreneurs Success

University-based incubators guide entrepreneurs through the start-up and growth process. As such, they are catalysts promoting innovation and business development (Aerts, Matthyssens, & Vandenbempt, 2007). They do much more than provide a home for startups (Patton, 2014). University-based incubators create and provide many opportunities for new firms to develop their network with the business environment, get coaching assistance, and perhaps most importantly develop their business models and business plans. (Bollingtoft and Ulhoi 2005). Little attention has been placed on how the impact of constructive feedback from experts in developing a better business plan can help entrepreneurs start and grow their businesses. In this paper, we will explore the predictive ability of business panel assessments of business planning and startup firm success in a University-based incubator context.