Journal of Entrepreneurship Education (Print ISSN: 1098-8394; Online ISSN: 1528-2651)


Role of Business Incubation on the Financial and Non-Financial Performance of Technology Startups: A Multivariate Multiple Regression Analysis

Author(s): Vinney Zephaniah Vincent, Zakkariya K.A

Technology start-ups are an important source of innovation, technology commercialization, and economic growth. For start-ups, it is not an easy path to grow as more is the progress, the more are the obstacles. The list of challenges is extensive, from the awareness and viability of businesses to legislation relating to legality and enforceability. It can be difficult to get started on the entrepreneurial path without guidance and assistance, considering these difficulties. This study shows that business incubation services can help overcome these challenges. Using survey data from incubator firms, it is found that business incubation dimensions have a statistically significant positive effect in generating start-up performance. This finding is important for managers of incubated firms and managers of incubators alike as they have matching goals and objectives. The major implication of our study is that managers of incubators should try to improvise and augment the business incubation services according to the need of incubated firms in a customized manner.

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