Value of Incubation Centers for Business Innovation

      
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		            		Aidan Grimes, Ireland
			            
Value of Incubation Centers for Business Innovation

	          		What is according to you the value of incubation centers to the innovation process?
				      
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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.
				                
										              2

						            	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.
				                
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						            	COULIBALY Moustapha, Cote Divoire (Ivory Coast)
												
				                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.
				                
										              2

						            	Joshua Mutambi
Student (University), Sweden
												
				                Value of Incubation Centers

													The innovation process starts with idea generation. The conversion process from an idea to an operat... Sign up
				              
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