Managing the incubator system: Critical success factors to accelerate new company development

Abstract

The new business incubator is an innovative system that provides a variety of support systems to entrepreneurs to accelerate new company development, speed the commercialization of technology, and contribute to economic growth. This article presents empirical data on the incubator as a system for entrepreneurship and describes its resources, organizational structure, and objectives. It details ten factors related to managing this system effectively. The factors emerged from data collected through a national survey, on-site review, case study analysis, and interviews with incubator directors and managers.