Technology business incubators as engines of growth: towards a distinction between technology incubators and non-technology incubators

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Business incubators are an increasingly popular tool for promoting job and wealth creation. Yet given the heterogeneity of incubation models, it is not always clear how incubators operate, what their main characteristics are and how can they best contribute to job and wealth creation. If technology is central in promoting economic growth and new firm creation the crucial mechanism in transferring new knowledge to markets, then technology incubators have the biggest potential to contribute to economic growth. We define technology incubators by their strategic choices in terms of mission, linkages to universities and geographical location. We investigate their nature by comparing the levels of business services provision, selection criteria, exit policy and tenants’ characteristics. Our sample includes 12 incubators located in six Northwestern European countries and a total of 101 incubated companies. Data were collected in both incubators and among their tenants. Results show that technology incubators provide more tenants with their services, select younger companies and practice stricter exit policies. Additionally, they tend to attract more experienced teams of entrepreneurs. Our main contribution is a better understanding of the technology incubators impact against the remainder population of business incubators. We speculate that incubators not focussed in incubating technology might not be contributing to company creation at all. Further, the low levels of service provision are both a product and a consequence of slack selection criteria and weak exit policies. Finally, we discuss the implications of our findings to business incubator managers, policy makers and prospective tenants.
Original languageEnglish
Title of host publication7th International AGSE Entrepreneurship Research Exchange
EditorsJanice Langan Fox
Place of PublicationMelbourne, Australia
PublisherSwinburne University of Technology
ISBN (Print)9780980332865
Publication statusPublished - 2 Feb 2010
Event7th International AGSE Entrepreneurship Research Exchange: 7th International AGSE Entrepreneurship Research Exchange - University of the Sunshine Coast, Queensland, Australia
Duration: 2 Feb 20105 Feb 2010

Publication series

PublisherSwinburne University of Technology


Conference7th International AGSE Entrepreneurship Research Exchange
OtherFebruary 2-5, 2010


  • METIS-269756
  • IR-73694


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