Business Incubation as an Instrument of Innovation: The Experience of South America and the Caribbean

Haven Allahar, Candace Brathwaite

Abstract


This paper examines the experience of business incubation as an innovative developmental instrument based on the recent experience of the South American countries of Brazil and Chile and the Caribbean island nation of Trinidad and Tobago. A qualitative research method was adopted involving a review of published reports, journal articles and relevant case studies; and face-to-face semi-structured interviews with incubator managerial staff. The major findings are that there are great similarities among the incubators studied in terms of their links to universities, services offered, and funding challenges, but there is growing acceptance of incubation as a potentially valid tool for promoting business development and innovation although most incubators are at the early stage. The paper is original because the case study application to incubation in Trinidad and Tobago is new with only one related article published, and this study therefore adds value to the body of research because business incubation has been under-researched in the study area. The research is limited to the extent that the case study focuses on a comparison of selected incubator features and did not include the views of clients. The practical implications of this study is that sponsors of incubators and managers need to obtain a deeper understanding of the incubation ecosystem especially with regard to innovation-based incubators, if successful innovative businesses are to emerge. The results of the study can also be generalized over the small island developing states of the Caribbean.


Keywords


Business Incubation; Innovation Ecosystem; Economic Development Strategy; Business Innovation; Entrepreneurship Development; Innovation Management; Review

Full Text:

PDF/english

References


Accelerate Caribbean. (2016). 10 Caribbean business incubator managers to benefit from

Accelerate Caribbean study tour. Available from http://www.infodev.org/press-release/accelerate-caribbean-study-tour-april-2016

Al-Mubaraki, H.A., & Busler, M. (2010). Business incubators: Findings from a worldwide

survey and guidance for the GCC States. Global Business Review, 10(1), 1-20. doi: 10.1177/09721509090110010. Available from http://gbr.sagepub.com/cgi/content/abstract/11/1/1

Anderson, B., & Al-Mubaraki, H. (2012). The Gateway Innovation Center: Exploring key

Elements of developing a business incubator. World Journal of Entrepreneurship, Management and Sustainable Development, 8(4), 208-216. doi: 10.1108/20425961211276598

Bakkali, C., Messeghem, K., & Sammut, S. (2014). Toward a typology of incubators based on

HRM. Journal of Innovation and Entrepreneurship, 3(3), 1-10. doi: 10.1186/2192-5372-3-3

Barbero, J.L., Casillas, J.C., Wright, M., & Garcia, A.R. (2014). Do different types of incubators

produce different types of innovation? Journal of Technology Transfer, 39, 151-168.

Brazilian Association of Science Parks and Business Incubators (ANPROTEC). (n.d.).

Frequently asked questions. Available from www.anprotec.org.br

Caiazza, R. (2014). Benchmarking of business incubators. Benchmarking: An International

Journal, 21(6), 1062-1069. doi: 10.1108/BIL-01-2013-0011

Chanda, A., & Silva, M.A.M. (2012). Business Incubation in Chile Development, Financing and

Financial Services. Journal of Technology Management and Innovation, 7(2), 1-12.

Chandra, A., & Fealey, T. (2009). Business Incubation in the United States, China and Brazil: A

Comparison of Role of Government, Incubator Funding and Financial Services. International Journal of Entrepreneurship, 13, Special Issue, 67-86.

Charry, G.P., Peréz, J.E.A., & Barahona, N.E.L. (2014). Business incubator research: A review

and future directions. Pensamiento y Gestión, 37, 41-65.

Chu, D., & Andreassi, T. (2011). Management of technological innovation: Case Studies in

biotechnology companies in Brazil. Management Research: The Journal of the Iberoamerican Academy of Management, 9(1), 7-31. doi:10.1108/1536-541111131656

Cooper, D.R., & Schindler, P.S. (2008). Business research methods (10th ed.). New York: McGraw-Hill Irwin.

Correira, T.J.F., Mateus, A., & Leonor, S. (2015). Marketing communications model for innovation networks. International journal of Innovation, 3(2), 43-53. doi:10.5585/iji.v3i2.50

Creswell, J.W. (2009). Research design: Qualitative, quantitative, and mixed methods approaches (3rd ed.). California: Sage.

Eshun, J.P. (2009). Business incubation as strategy. Business Strategy Series, 10(3), 156-166. doi:10.1108/17515630910956570

European Union. (2010). The smart guide to innovation-based incubators (IBI). Luxembourg: Publications Office of the European Union. doi: 10.2776/16668

Graham, I. (2010). Developing a replicable and sustainable model of business incubation. Open Source Business Resource, 31-37. Available from http//:www.osbr.ca

Info/Dev. (2014). Fundación Chile incubator – Chile case study. Washington, DC: World Bank.

Available from www.info/Dev.org

infoDev/The World Bank. (2014). Reaching entrepreneurs through alternate models: Lessons

from virtual incubation pilots. Washington, DC: World Bank. Available from http://www.infoDev.org

infoDev/The World Bank. (2013). infoDev’s work program 2013-2015. Available from http://www.infodev.org/

Innovation Ireland Innovation Task Force. (2010). Report of the innovation taskforce. Dublin: Government of Publications Office. Available at www.taoiseach.gov.ie

International Business Innovation Association (InBIA). (2015). Program best practices.

Available from http//:www.inbia.org/resources/for-program-managers/program-best-practices

Kalid, F.A., Gilbert, D., & Huq, A. (2014). The way forward for business incubation process in ICT incubators in Malaysia. International Journal of Business and Society, 15(3), 395-412.

Machado, A., da Silva, A., Borba, M., & Catapan, A. (2015). Innovation Habitat: Sustainable possibilities for the society. International Journal of Innovation - IJI, 3(2), 67-75. doi: 10.5585/iji.v3i2.55

Mansano, F.H., & Pereira, M.F. (2016). Business Incubators as support mechanisms for the economic development: Case of Maringá’s technology incubator. International Journal of Innovation – IJI, 4(1), 23-32. doi: http:/dx.doi.org/10.5585/iji.v4i1.51

Peters, L., Rice, M., & Sundararajan, M. (2004). The role of incubators in the entrepreneurial process. Journal of Technology Transfer, 29(1), 83-91.

Ramkissoon-Babwah, N., & Mc David, J. (2014). Selecting the right clients for a business incubator – Lessons learnt from the National Integrated Business Incubator System (IBIS) in Trinidad and Tobago. Journal of Small Business and Entrepreneurship Development, 2 (3&4), 13-26. doi:10.15640/jsbed.v2n3-4a2

Robinson, D.F. (2010). The co-evolution of business incubators and national incubator networks in emerging markets. Journal of Technology Management & Innovation, 5(3), 1-13.

Theodorakopoulos, N., Kakabadse, N.K., & McGowan, C. 2014. What matters in business incubation? A literature review and a suggestion for situated theorizing. Journal of Small Business and Enterprise Development, 21(4), 602-622. doi: 10.1108/JSBED-09-2014-0152

Tietz, G., Anholon, R., Ordoñez, R.E.C., & Quelhas, O.L. (2015). Business incubators in Brazil: Main gaps to be explored by academic researchers. Journal of Technology Management & Innovation, 10(4), 18-27.

Tidd, J., John Bessant, J., & Pavitt, K. (2005). Managing innovation: Integrating technological, market and organizational change (3rd ed.). Sussex, England: John Wiley & Sons.

UK Business Incubation (UKBI). (n.d.). Available from www.ukbi.co.uk

Verma, S. (2004). Success factors for business incubators: An empirical study of Canadian business incubators. Unpublished thesis, Eric Sprott School of Business, Carleton University, Ottawa, Canada.

Voisey, P., Gornall, L., Jones, P. and Thomas, B. (2006). The measurement of success in a business incubation project. Journal of Small Business and Enterprise Development, 13(23), 454-468. doi: 10.1108/14626000610680307

Yang, W., & Yan, M. (2010). The Policy to Promote the Innovative Development of Knowledge Intensive Business Services. International Journal of Business and Management, 5(11), 190-194.

Zeng, P., & Callaghan, V. (2016). A cooperative approach to academic entrepreneurial initiatives. International Journal of Innovation – IJI, 4(1), 13-22. doi: http://dx.doi.org/10.5585/iji.v4i1.79


Refbacks

  • There are currently no refbacks.




Int. J. Innov. e-ISSN: 2318-9975

Rua Vergueiro, 235/249 - Liberdade, São Paulo - SP (Brasil), Cep: 01504-000

 Licença Creative Commons

Este obra está licenciado com uma Licença Creative Commons Atribuição-NãoComercial 4.0 Internacional.