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Identifying new dimensions of business incubation: A multi-level analysis of Karolinska Institute's incubation system

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  • Baraldi, Enrico
  • Ingemansson Havenvid, Malena

Abstract

Relying on an in-depth case study of the incubator related to the Swedish medical university Karolinska Institute's (KI), this paper identifies new analytical and strategic dimensions of incubation. Departing from the current literature's prevalent focus on incubators as organizations performing a predefined set of activities for incubatees (facility renting, coaching, training and connecting), we perform a multilevel analysis embracing, next to the organizational and the project-specific levels, also the broader institutional and inter-organizational level. Our analysis relies on seven key components of incubation, namely its time, place, sources, resources, control/governance, activities/services and outcomes. Further, we view incubators as strategic actors engaged in value creation on a broader arena than the strict incubation context, even an international arena, where incubators' choices and interactions can be analyzed with the help of concepts from various streams in the business strategy literature. The specific strategic drivers of business incubation that we identify in the KI incubator's case are six: positioning in the value chain, risk taking/time perspective, revenue model, governance/control, internationalization, and cooperation/competition. The paper concludes with managerial implications urging incubators to take more of a strategic perspective rather than focussing only on the established components of their operations.

Suggested Citation

  • Baraldi, Enrico & Ingemansson Havenvid, Malena, 2016. "Identifying new dimensions of business incubation: A multi-level analysis of Karolinska Institute's incubation system," Technovation, Elsevier, vol. 50, pages 53-68.
    • Handle: RePEc:eee:techno:v:50-51:y:2016:i::p:53-68
    DOI: 10.1016/j.technovation.2015.08.003
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    7. Amandine Maus & Sylvie Sammut, 2018. "Business model innovation in incubators: the role played by dynamic capabilities theory," Post-Print hal-02466175, HAL.
    8. Prashantham, Shameen & Floyd, Steven W., 2019. "Navigating liminality in new venture internationalization," Journal of Business Venturing, Elsevier, vol. 34(3), pages 513-527.
    9. Mian, Sarfraz & Lamine, Wadid & Fayolle, Alain, 2016. "Technology Business Incubation: An overview of the state of knowledge," Technovation, Elsevier, vol. 50, pages 1-12.
    10. Mingfeng Tang & Hao Huang & Grace Walsh & Maribel Guerrero, 2023. "The impact of entrepreneurial overconfidence on incubator effectiveness," The Journal of Technology Transfer, Springer, vol. 48(1), pages 416-440, February.
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    12. Good, Matthew & Knockaert, Mirjam & Soppe, Birthe & Wright, Mike, 2019. "The technology transfer ecosystem in academia. An organizational design perspective," Technovation, Elsevier, vol. 82, pages 35-50.
    13. Mansoori, Yashar & Karlsson, Tomas & Lundqvist, Mats, 2019. "The influence of the lean startup methodology on entrepreneur-coach relationships in the context of a startup accelerator," Technovation, Elsevier, vol. 84, pages 37-47.
    14. Alaassar, Ahmad & Mention, Anne-Laure & Aas, Tor Helge, 2020. "Exploring how social interactions influence regulators and innovators: The case of regulatory sandboxes," Technological Forecasting and Social Change, Elsevier, vol. 160(C).
    15. Arabeche Zina, 2022. "The Actions Carried Out by the Cyberparc Incubator of Sidi Abdellah During the Period of 2010–2020: State of Play and Perspectives," Economics and Business, Sciendo, vol. 36(1), pages 17-33, January.
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    17. Klofsten, Magnus & Lundmark, Erik & Wennberg, Karl & Bank, Megan, 2019. "Incubator specialization and size: divergent paths towards operational scale," Ratio Working Papers 326, The Ratio Institute.
    18. Amir Hossein Azadnia & Simon Stephens & Pezhman Ghadimi & George Onofrei, 2022. "A comprehensive performance measurement framework for business incubation centres: Empirical evidence in an Irish context," Business Strategy and the Environment, Wiley Blackwell, vol. 31(5), pages 2437-2455, July.
    19. Kotsopoulos, Dimosthenis & Karagianaki, Angeliki & Baloutsos, Stratos, 2022. "The effect of human capital, innovation capacity, and Covid-19 crisis on Knowledge-Intensive Enterprises’ growth within a VC-driven innovation ecosystem," Journal of Business Research, Elsevier, vol. 139(C), pages 1177-1191.
    20. Charlene L. Nicholls-Nixon & Dave Valliere & Steven A. Gedeon & Sean Wise, 2021. "Entrepreneurial ecosystems and the lifecycle of university business incubators: An integrative case study," International Entrepreneurship and Management Journal, Springer, vol. 17(2), pages 809-837, June.
    21. Daniela Bolzani & Federico Munari & Einar Rasmussen & Laura Toschi, 2021. "Technology transfer offices as providers of science and technology entrepreneurship education," The Journal of Technology Transfer, Springer, vol. 46(2), pages 335-365, April.
    22. Marie Romuald Pouka Pouka & Viviane Ondoua Biwolé, 2024. "Does causal analysis improve the understanding of entrepreneurial support for SME performance?," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 14(1), pages 1-15, December.
    23. Amandine Maus, 2024. "Finding My Place In The Collective: How The Individual Level Contributes To The Incubator'S Legitimation Process," Post-Print hal-04649151, HAL.
    24. Enrico Baraldi & Antonella La Rocca & Andrea Perna & Ivan Snehota, 2020. "Connecting IMP and entrepreneurship research: Directions for future research," Post-Print hal-03181351, HAL.

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