期刊名称:International Journal of Academic Research in Business and Social Sciences
电子版ISSN:2222-6990
出版年度:2021
卷号:11
期号:7
页码:342-354
DOI:10.6007/IJARBSS/v11-i7/9940
语种:English
出版社:Human Resource Management Academic Research Society
摘要:Global trends and advancements, economic demands, technological revolutions, and challenges are among some of the factors contributing towards the creation of business incubators to nurture fledgling startups to upscale and accelerate their business development. Although it is widely acknowledged that incubation models have changed over the years, yet not many aware of the value propositions that have been evolved over the past decades. Therefore, this study starts with the genesis of business incubation which was retraced in the 1950s. Thus, by using typology methodology, this study reviews the evolution of business incubators into three phases, namely first generation; economy of scale, second-generation; knowledge-based service, and the third generation; access to external resources, knowledge, and legitimacy. To provide comprehensive data, the methodology used was the integrative review of the literature. This study suggests the incubators’ strategy and value proposition should be based on the current trend, challenges, needs, and opportunities in the context of startups.