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Business incubators in cee countries – new coordinates for development

Author

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  • Laura GIURCA VASILESCU

    (University of Craiova, Romania)

Abstract

Business incubators are institutions that support the entrepreneurial process, helping to increase survival rates for innovative startup companies and for small companies. Entrepreneurs with feasible projects are selected and admitted into the incubators, where they are offered business support resources and services. Across Europe, in general, and in Central and Eastern European countries, in particular, there are a variety of business incubator models and precise modalities which reflect the local, regional and national circumstances and priorities. Although they share basic features in common, there are also significant differences relating to stakeholder objectives, target markets, and the precise configuration of incubator facilities and services. These differences are partly a reflection of location-specific factors of an economic, social, cultural, institutional, policy nature and it is important that these local factors are taken into account in defining best practice.

Suggested Citation

  • Laura GIURCA VASILESCU, 2008. "Business incubators in cee countries – new coordinates for development," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 2(36), pages 674-684, may.
    • Handle: RePEc:aio:aucsse:v:2:y:2008:i:11:p:674-684
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    File URL: http://feaa.ucv.ro/AUCSSE/0036v2-016.pdf
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    References listed on IDEAS

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    1. Pia Arenius & Dirk Clercq, 2005. "A Network-based Approach on Opportunity Recognition," Small Business Economics, Springer, vol. 24(3), pages 249-265, February.
    2. Delmar, Frederic & Shane, Scott, 2004. "Legitimating first: organizing activities and the survival of new ventures," Journal of Business Venturing, Elsevier, vol. 19(3), pages 385-410, May.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    business incubators; start up firms; development; financing.;
    All these keywords.

    JEL classification:

    • D03 - Microeconomics - - General - - - Behavioral Microeconomics: Underlying Principles
    • F15 - International Economics - - Trade - - - Economic Integration

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