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Article

Kanchan Lala and Kunal Sinha

The purpose of this paper is to analyze and summarize growth and development of technology business incubation system in India. The study in this route tries to explore…

Abstract

Purpose

The purpose of this paper is to analyze and summarize growth and development of technology business incubation system in India. The study in this route tries to explore factors which include various actors and agencies influencing the process of incubation and innovation.

Design/methodology/approach

The paper in route to access the role of different actors and agencies situated around the incubation process is being executed through the systems of innovation framework. Data have been collected from the secondary sources including government department, ministries and other sources.

Findings

The study besides providing an in-depth analysis of the incubation process in India finds that the process is relatively new in the Indian context and lacks a profound policy for escalating the process of technological incubation. The study also finds that over the years India’s innovation potential has escalated significantly which in a way can be seen as an optimistic result in the growth and development of technology business incubation.

Originality/value

The proposed study is one of the few in this category, especially while analyzing technology business incubation with respect to India. The study also tries to add on literature in the domain of technology incubation especially in the context of India.

Details

World Journal of Science, Technology and Sustainable Development, vol. 15 no. 3
Type: Research Article
ISSN: 2042-5945

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Article

Caleb Muyiwa Adelowo, Matthew Olugbenga Ilori, Willie Owolabi Siyanbola and Billy A Oluwale

The ability of tenant firms to survive after incubation is dependent on the relevant capabilities they acquired during the incubation process. Several studies have…

Abstract

Purpose

The ability of tenant firms to survive after incubation is dependent on the relevant capabilities they acquired during the incubation process. Several studies have established the critical roles of incubation in fostering entrepreneurship and innovation at local, national and regional levels but the processes and mechanisms of technological learning and the capability building of the tenants has received much less attention. In response to the situation, the purpose of this paper is to assess various technological learning mechanisms through which tenant firms in the incubation system in Nigeria acquired the relevant capabilities (both technological and non-technological) that will sustain them after graduation.

Design/methodology/approach

The information was gathered through a preliminary survey and questionnaires were administered to elicit information from the tenant firms and the incubator managers. Data collected were analysed and presented using descriptive statistics.

Findings

The internal learning mechanisms of the tenant firms were found to be fair as firms possessed good internal capabilities that helped to absorb and adapt foreign technologies to suit their individual production needs and this was demonstrated by the quality of personnel employed by the tenant firms. The study revealed poor interaction between the tenants and knowledge institutions and training programmes and facilities also played significant roles in technological capability acquisition of tenants firms. The main factors that ranked highly and influenced technological learning among the firms included the need for product improvement, the need to increase production, turnover and profit, the need to reduce production costs and compete well after graduation, while the need to enter foreign market and commercialise technology ranked average with regards to success in technological learning.

Research limitations/implications

The results of the study may not be generalised because of limited sample.

Practical implications

The study concluded that the technological learning capabilities of the firms could be better enhanced with adequate training and training facilities, robust linkages with knowledge centres and compliance with incubation regulations.

Originality/value

This study provided information on various technological learning mechanisms through which tenant firms in the incubation system in Nigeria acquire relevant capabilities (technological and non-technological) that sustain them after graduation. The study also contributed to the growing literature on incubation system and entrepreneurship.

Details

African Journal of Economic and Management Studies, vol. 6 no. 1
Type: Research Article
ISSN: 2040-0705

Keywords

Content available
Article

Juana Du and Rong Wang

The purpose of this paper is to examine innovative practices and emphasize the mechanism of knowledge transfer across knowledge boundaries. By comparing and discussing the…

Abstract

Purpose

The purpose of this paper is to examine innovative practices and emphasize the mechanism of knowledge transfer across knowledge boundaries. By comparing and discussing the emerging boundary issues in knowledge transfer among small- and medium-sized enterprises (SMEs) registered in the incubation centers in China, this paper identified the main knowledge transfer approach and several contextual and organizational factors impacting knowledge transfer.

Design/methodology/approach

The authors conduct 39 semi-structured in-depth interviews with employees working within business incubation centers in China. The study uses thematic analysis for data analysis.

Findings

Our results contribute to the literature of knowledge transfer and in particular to our understanding of boundary conditions and knowledge transfer approaches in emerging economies. The results also highlight several contextual and organizational factors which impact knowledge transformation across the pragmatic boundary in the context of China.

Practical implications

First, organizations need to establish an effective process with tools to accommodate novelty; second, organizations should be aware of the impact of entrepreneurial orientation on innovative performance; and third, it will help organizations if they adopt and integrate information-rich media in managing innovative practices.

Originality/value

This research highlights the impact of contextual and organizational factors of SMEs on knowledge transfer in emerging markets and chooses incubation centers as study subjects, which is an organizational context that has not been thoroughly studied due to its unique nature and emerging complexity.

Details

New England Journal of Entrepreneurship, vol. 22 no. 1
Type: Research Article
ISSN: 2574-8904

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Book part

Ali Ahmad and Sarah Ingle

This chapter places previous incubator-incubation literature within a relevant geographic and policy context, and extracts the reasons for the wide-scale adoption of the…

Abstract

This chapter places previous incubator-incubation literature within a relevant geographic and policy context, and extracts the reasons for the wide-scale adoption of the incubator model as a new venture creation mechanism. Arguments developed highlight that in the flurry of political lobbying during the 1990s–2000s leading to the rapid expansion of incubators-incubation across the European Union (EU), policy makers, practitioners and researchers alike failed to focus on what is key to understanding incubators’ true impact — internal incubation processes. A review of incubator development and impact at the level of two EU member states, Germany and Italy, is presented. This allows for a clearer context-bound sense of the state-of-art in incubator-incubation research to emerge. In turn it becomes possible to clearly highlight the direction of further research in the area where there is a stalemate between two opposing camps — one which has produced evidence to suggest that incubators make a significant difference in reducing start-up risk, and the other, which believes incubators do not give tax payers value-for-money. Structured in this way, this chapter is able to draw attention to the essential ‘missing ingredient’ in previous research which is key to understanding the impact incubators can have. This ingredient is the dynamics of the internal process of incubation.

Details

New Technology-Based Firms in the New Millennium
Type: Book
ISBN: 978-1-78190-315-5

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Article

Innocent Akhuemonkhan, Lukman Raimi, Ashok M Patel and Adeniyi O. Fadipe

Entrepreneurship development in Nigeria requires the adoption and assimilation of enterprise development models from nations with replicable success stories. Technology

Abstract

Purpose

Entrepreneurship development in Nigeria requires the adoption and assimilation of enterprise development models from nations with replicable success stories. Technology incubation centre (TIC) is one of the potent mechanisms that launched the “BRIC nations” – Brazil, Russia, India and China – to global prominence as the five biggest emerging economies. This paper attempts to unveil the potentials of TICs as novel tools for entrepreneurship development and actualisation of the Vision 20:2020 in Nigeria.

Design/methodology/approach

The authors adopt analytical and discursive approaches using qualitative and quantitative data sourced from Industrial policy documents, Goldman Sachs report, online databases of government agencies, Vision 20:2020 policy document and published articles on the subject matter. The generated data were subjected to content and thematic analyses, on the basis of which relevant conclusions were drawn.

Findings

The findings from the research indicate that there are 37 TICs in Nigeria with very weak socio-economic impact on job creation, wealth creation and industrial development in Nigeria. However, for the BRIC nations, adopted as comparative models, TICs have impacted positively on job creation, wealth creation and economic development of the five nations.

Research limitations/implications

The paper is essentially discursive and subjective. Further research on this subject matter should explore empirical analysis for an objective assessment of the situation.

Practical implications

This paper underscores the need for harmonisation of policy objectives with policy implementation. At present, there are gaps between TIC policy objectives and woeful performance of the 37 TICs in Nigeria.

Social implications

For Nigeria, to enhance job creation, wealth creation and economic development in the society, there is the need for functional TICs at local, institutional, regional, state and national levels.

Originality/value

The paper unveils the gap between economic theory and practical model implementation in developing economy (Nigeria). It is a major contribution to the functionalist and structuralist debates on why policies fail.

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Article

Jong-Wen Wann, Ta-Jung Lu, Ina Lozada and Guillermo Cangahuala

The purpose of this paper is to understand the existing incubation practices and to develop suggestions for other incubations programs’ practitioners, by developing a…

Abstract

Purpose

The purpose of this paper is to understand the existing incubation practices and to develop suggestions for other incubations programs’ practitioners, by developing a benchmark study of outstanding Taiwanese university-based incubators (UBIs).

Design/methodology/approach

This research result is based on the methodology for generating a benchmarking from six outstanding Taiwanese UBIs and for other business incubators around the world.

Findings

According to this research result, the authors propose eight key performance indicators (KPIs): three for setting up and operating UBIs and five for incubator functions and services. Among those eight KPIs, the average set-up cost is US$595,000; the average number of incubatees is 22; the length of tenancy is four years; and the growth in incubatees’ turnover is around 15 percent.

Research limitations/implications

Even the samples were outstanding UBIs in Taiwan; for future research, this approach might be applied to a bigger number of incubation centers or UBIs.

Practical implications

Many countries or areas still lack experience in setting up and running business incubators; therefore, practical advices for the managers are crucial for the success of these business incubators, and this benchmarking methodology can be applicable in some of those cases.

Originality/value

The benchmarking methodology for setting up the values of each KPI and the evaluation approach.

Details

Benchmarking: An International Journal, vol. 24 no. 1
Type: Research Article
ISSN: 1463-5771

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Article

Debabrata Ghosh, Peeyush Mehta and Balram Avittathur

The purpose of this paper is to understand the practices and policies unique to high-tech manufacturing start-ups in emerging economies, such as India. The study analyzes…

Abstract

Purpose

The purpose of this paper is to understand the practices and policies unique to high-tech manufacturing start-ups in emerging economies, such as India. The study analyzes the main features and challenges of the high-tech manufacturing sector, and the way in which enabling environment including policy making, supply chain capability and related technologies through Industry 4.0 could be leveraged to foster growth.

Design/methodology/approach

The paper undertakes an exploratory approach through in-depth semi-structured interviews conducted with high-tech manufacturing firms in various stages of their growth. The paper provides evidence of the challenges that high-tech manufacturing firms face in India, the strategies they adopt and highlights the role of institutional structures and policies.

Findings

Findings show that high-tech manufacturing start-ups in India face various challenges in the upstream, production and downstream supply chain processes. Further, issues related to availability of quality material, quality suppliers, contracts, funding and access to markets remain. Results also show that enabling operational and financial levers could be created by policy makers and other stakeholders to help the high-tech manufacturing start-ups scale faster and create value.

Originality/value

This paper contributes to the R&D intensive industry and high-tech manufacturing literature in the context of emerging economies, such as India, and provides a rigorous overview of the start-up ecosystem in high-tech manufacturing.

Details

Benchmarking: An International Journal, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1463-5771

Keywords

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Abstract

Details

Urban Dynamics and Growth: Advances in Urban Economics
Type: Book
ISBN: 978-0-44451-481-3

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Article

Chih‐Ming Luo and Hung‐Fan Chang

From 2002 to 2005, Taiwan's ODMs concentrated on PCs and consumer electronics. Even though they lacked any well‐known brand names, they managed to develop an outstanding…

Abstract

Purpose

From 2002 to 2005, Taiwan's ODMs concentrated on PCs and consumer electronics. Even though they lacked any well‐known brand names, they managed to develop an outstanding 34 percent compound annual growth. The purpose of this study is providing a viewpoint of SMEs competitive strategy from Taiwan's ODM industry.

Design/methodology/approach

In this article, we first examine the SMEs Transition of ODMs in Taiwan, highlighting the challenges executive face between Taiwan and Mainland China for better competitive strategy. Next, we introduce some of the ODM strategies using the innovative division of labor from the SEM in Taiwan and describe how they can play a role in overcoming the challenge in the global market.

Findings

In the traditional closed business models, the operating efficiency of the ODM industry has been impacted by both the rise of innovative R&D costs and shortening of the revenue period. The new open business model (OBM) strategy can overcome the shortcomings of costly R&D in the traditional business models. The case study in this paper shows that there are four new profit sources in the OBM using the innovative division of labor.

Originality/value

The study is the first to shed light on the role of the OBM using the innovative division of labor for the SMEs. The findings may have noteworthy implications for the SMEs. From this article, managers may gain insights into the innovative division of labor for the SMEs ways to integrate these insights into their managing.

Details

Business Strategy Series, vol. 12 no. 3
Type: Research Article
ISSN: 1751-5637

Keywords

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Article

Alan Lung Ka‐Lun

The purpose of this paper is to examine Hong Kong's future economic diversification prospects to become a high value‐added knowledge‐based economy.

Abstract

Purpose

The purpose of this paper is to examine Hong Kong's future economic diversification prospects to become a high value‐added knowledge‐based economy.

Design/methodology/approach

This paper is a view of the knowledge‐based economic development of Hong Kong and its potential future prospects since its re‐unification with China. It is important to have a good understanding of the past before trying to predict the future.

Findings

The key message is that Hong Kong now needs a “horizontal” support structure, a good understanding of how things work in a globalized knowledge economy, continuation of the “free market” structure and a lightweight facilitation system that supports all high‐value added economic activities in Hong Kong.

Originality/value

The papers provides an original viewpoint on the potential for Hong Kong's knowledge‐based economic development, in line with the rise of China as a global economic power.

Details

Asian Education and Development Studies, vol. 1 no. 3
Type: Research Article
ISSN: 2046-3162

Keywords

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