Value of Incubation Centers for Business Innovation

Business Incubators Important to New Ventures / Startups
Danish Rayola, Business Consultant, Kenya, Member
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.

Role of Business Incubation Centres
Elisabetta Cannova, Teacher, Italy, Member
I would like to also stress the role of incubators, within the "innovation processes", in fostering the human capital empowerment.

Value of Incubation Centers
COULIBALY Moustapha, Entrepreneur, Cote Divoire (Ivory Coast), Member
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.

Value of Incubation Centers
Joshua Mutambi, Student (University), Sweden, Member
The innovation process starts with idea generation. The conversion process from an idea to an operating company/product/process/service is not easy.
One will need structural conditions and personal developments. Incubation centers will try to handle these critical needs for entrepreneurs to make innovations real. Hence the need for incubation centers in the innovation process.