Book Description

Doctoral Thesis / Dissertation from the year 2010 in the subject Business economics - Miscellaneous, grade: -, , course: PhD, language: English, abstract: ABSTRACT In present day economic turbulence, the new computing and communication techniques are changing our concepts of time and space, altering traditional patterns of work and spurring the growth of small entrepreneurial companies. But in both the developed and developing countries, many new ventures fail and for the few that survive and grow, there are numerous problems. A challenge, then, is to transform the traditional ways of supporting small enterprises and the related programs of international assistance - in order to make them more cost effective for today’s competitive environment. ‘Business Incubation’ is emerging as one of the most innovative instruments to support small enterprise creation and development all over the world. This is relatively a recent innovative system, derived from the earlier SME support programs but with its own distinctive characteristics. The concept of nurturing start-up and early-stage groups at managed workspaces appears straightforward but is complex in structure and execution. Incubators provide local, on the-spot diagnosis and treatment of business problems, dramatically lowering the early stage failure rate. These are essentially the programs designed to accelerate the successful development of entrepreneurial companies through an array of business support resources and services, developed and orchestrated by incubator management and offered both in the incubator and through its network of contacts. In Europe, US and many countries like China, Singapore and Thailand; the concept of incubation has developed significantly. The exceptionally fast growth of business incubators all over the world has baffled even the researchers. Business incubation theories, systems, strategies and techniques are getting transformed every day. In this direction in India, following on the world pattern, several initiatives have been taken over the last decade to encourage the concept of business incubation. A scheme on establishment of ‘Technology Business Incubators’ (TBI’s) in and around academic/R&D institutions was initiated by NSTEDB (National Science and Technology Entrepreneurship Development Board) during 2000-2001. These TBIs are being promoted to achieve objectives like: - Creation of technology based new enterprises, - Creating value added jobs & services, - Facilitating transfer of technology, - Fostering the entrepreneurial spirit, [...]