Factors to Support a New Tech Start-up for Business Incubation
Keywords:Tech start-up, Business incubation, Innovation and Entrepreneur training, Networks, Mentorship
AbstractThis study is aimed to analyse the factors to support a new tech start-up for business incubation.Â Literature review of business incubation support factors and tech start-up lifecycle were analyzed and summarized to derive a conceptual framework. The conceptual framework was subsequently corroborated on the basis of qualitative methodology by in-depth interviews with ten successful startups and confirm the support factor by five business incubation experts. We demean that the main supporting factors of a new tech start-up consist of innovation and entrepreneurship training, resources, networks, mentorship and business advice, and funding. Its factor play a different role in each stages of tech start-up lifecycle. We further argue that the networks and funding are essential service support for tech start-up in every stage of tech start-up lifecycle. Finally, we offer implication for managerial business incubator who can use the business incubation model as guidance for arranging an appropriate support service and program for tech start-ups potential, as well as for policymakers who can set the policy to support the business incubator.
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