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An Assessment of Business Incubation in Bangalore
Published in
2009
Abstract

Business incubation as a concept originated in the US in the mid-1970s and has since then gained in strength. It started initially for the purpose of utilizing unused factory buildings in a productive way, and the later momentum was provided by a multitude of factors such as: the initiatives of successful individual entrepreneurs to transfer their experience and expertise to newly emerging companies trying to advance technological innovations, the desire of universities to promote entrepreneurship and innovation amongst its students and faculty and to make a direct positive impact on the economic development of their region (Mian, 1997; NBIA, 2002). The term incubation is generally used in a very broad sense to mean speedy commercialization of ideas by the innovators, by letting them concentrate on their core strength and by providing all other necessary support to them. Apart from physical space and infrastructure, incubators provide varying degrees of other support such as mentoring, financing, shared services, networking and so on.(Hansen et al., 2000). Business incubation in India is a relatively new concept. While many initiatives in the commercialization of technology have been in existence for long, business incubation in a commercial setting has been a development coinciding with the growth of the IT industry in the late 1990s. The dotcom boom and the development of the VC industry in India also supported the emergence of business incubation in India. Though business incubation in India is still in a nascent stage, there is a need being felt for incubators to provide assistance to start-ups and guide them in a manner that will increase …

About the journal
JournalEnterprise Support Systems: An International Perspective
Open AccessNo