Value of Incubation Centers for Business Innovation

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Aidan Grimes
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  Danish Rayola, Business Consultant, Kenya
 

Business Incubators Important to New Ventures / Startups

Business incubators by definition and scope of operation amount to business support services providers specializing in startups.
The great benefit of business incubators is the expertise and knowledge accumulated over time they pass to the new ventures to ensure they achieve growth, sustainability and improved firm performance.

  Elisabetta Cannova, Teacher, Italy
 

Role of Business Incubation Centres

I would like to also stress the role of incubators, within the "innovation processes", in fostering the human capital empowerment.

  COULIBALY Moustapha
 

Value of Incubation Centers

Generally 50% of start up firms fail in their first 3 years of activity. The reason is essentially not the lack of competencies, but that their ideas are not mature. Incubators cover young entrepreneurs by providing a contact network, and all other elements necessary for success of young innovative companies. They are a success accelerator and using them should be promoted.

  Joshua Mutambi, Student (University), Sweden
 

Value of Incubation Centers

The innovation process starts with idea generation (...)

 
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