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The Role of Business Incubators in Creating an Entrepreneurial Ecosystem: A Study of the Sultanate of Oman

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  • Shouvik Sanyal

    (Assistant Professor, Department of Management and Marketing, College of Commerce and Business Administration, Dhofar University, Salalah, Sultanate of Oman.)

  • Mohammed Wamique Hisam

    (Assistant Professor, Department of Management and Marketing, College of Commerce and Business Administration, Dhofar University, Salalah, Sultanate of Oman.)

Abstract

A start up entrepreneur faces several hurdles and challenges including sources of funding, rigid labour regulations, finding a market for products and social and cultural issues. These problems are compounded due to the lack of an effective and supportive entrepreneurial ecosystem and lack of support, especially in developing countries like Sultanate of Oman. In this scenario, business incubators can play a crucial role in supporting and helping budding entrepreneurs in setting up their business. Business incubators are facilities that provide shared resources for young businesses, such as office space, consultants and personnel. They function as advisory boards for start-upsand may also provide access to financing and technical support. Most incubators arenot –for –profit enterprises set up by universities, companies or communities of entrepreneurs. According to the National Business Incubation Association, around 17000 incubators existed around the world in 2017. This paper throws light on how incubators are critical in building an entrepreneurial ecosystem in developing countries like Oman. The researchers conclude that while there is a vibrant start up community in Oman, but a lot remains to be done to encourage business incubators especially in educational institutions. The paper throws light on the present state of the incubation industry in Oman and discusses how the incubators are contributing to the economic development of the nation.

Suggested Citation

  • Shouvik Sanyal & Mohammed Wamique Hisam, 2018. "The Role of Business Incubators in Creating an Entrepreneurial Ecosystem: A Study of the Sultanate of Oman," Indian Journal of Commerce and Management Studies, Educational Research Multimedia & Publications,India, vol. 9(3), pages 10-17, September.
    • Handle: RePEc:aii:ijcmss:v:09:y:2018:i:3:p:10-17
    DOI: 10.18843/ijcms/v9i3/02
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    References listed on IDEAS

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    1. Bollingtoft, Anne & Ulhoi, John P., 2005. "The networked business incubator--leveraging entrepreneurial agency?," Journal of Business Venturing, Elsevier, vol. 20(2), pages 265-290, March.
    2. Sean M. Hackett & David M. Dilts, 2004. "A Systematic Review of Business Incubation Research," The Journal of Technology Transfer, Springer, vol. 29(1), pages 55-82, January.
    3. Rudy Aernoudt, 2004. "Incubators: Tool for Entrepreneurship?," Small Business Economics, Springer, vol. 23(2), pages 127-135, September.
    4. Abel Kinoti Meru & Miemie Struwig, 2015. "Business-Incubation Process and Business Development in Kenya: Challenges and Recommendations," Journal of Entrepreneurship and Innovation in Emerging Economies, Entrepreneurship Development Institute of India, vol. 1(1), pages 1-17, January.
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    Cited by:

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    2. Christy Nisa Novia Avien & Mingchang Wu, 2021. "A study on the implementation approaches of University Incubation Centres to reinforce entrepreneurship - taking the example of Singapore," International Journal of Contemporary Management, Sciendo, vol. 57(3), pages 39-49, September.
    3. Thobeka Ncanywa & Noluntu Dyantyi, 2022. "Can enabling entrepreneurship ecosystem improve commercialization of research in South African Higher Education Institutions?," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 11(8), pages 304-311, November.
    4. Mohammed Ali Alqassabi, 2020. "Insights on Sustainability of Small and Medium Enterprises in Oman: A Conceptual Framework," International Journal of Economics and Financial Issues, Econjournals, vol. 10(1), pages 209-218.
    5. Javier Esteban Curiel & Arta Antonovica & Beatriz Rodríguez Herráez, 2024. "Longitudinal analysis of gender differences regarding entrepreneurial resilience," International Entrepreneurship and Management Journal, Springer, vol. 20(4), pages 2811-2838, December.
    6. Irene MALGINA, 2020. "The evolution of the entrepreneurial ecosystem in the context of the entrepreneurship support infrastructure in Belarus," Eastern European Journal for Regional Studies (EEJRS), Center for Studies in European Integration (CSEI), Academy of Economic Studies of Moldova (ASEM), vol. 6(2), pages 76-91, December.

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