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Incubatee Selection Criteria and its Role on Entrepreneurship Growth: A Survey of University Based Business Incubators in Kenya

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  • Kevin Wachira
  • Patrick Ngugi
  • Romanus Odhiambo Otieno

Abstract

The importance of entrepreneurship growth around the globe has been well recognized and documented by many scholars. For instance, some scholars have reported that the potential contribution of entrepreneurship growth to employment and income has been generally recognized. Entrepreneurs are widely recognized as the prime movers of economic development; the people who translate ideas into action. The government of Kenya has initiated numerous programs and policies to support entrepreneurship growth in Kenya. For instance, it has undertaken policy reviews that have led to reduction of the required licenses to start and operate a business. It has initiated several monetary funds to assist entrepreneurs, particularly youth and women, obtain financing for their enterprises i.e. the Youth Enterprise Fund, Women Enterprise Fund and Uwezo Fund. Private sector players such as commercial Banks, Non-Governmental Organizations (NGOs), Microfinance Institutions (MFIs) and Savings and Credit Co-operatives Societies (SACCOs) among others have also come up with formal financial support schemes for entrepreneurs. However the start- up failure rate is still very high and the desired growth levels are yet to be achieved. Consequently some scholars and policy makers have turned to business incubators and particularly university based business incubators as a possible boost to entrepreneurship growth through nurturing start-ups. A major area in the operation of an incubator is the selection criteria used to admit incubatees. This study aimed to find out the role of selection criteria into university based business incubators on entrepreneurship growth in Kenya.

Suggested Citation

  • Kevin Wachira & Patrick Ngugi & Romanus Odhiambo Otieno, 2017. "Incubatee Selection Criteria and its Role on Entrepreneurship Growth: A Survey of University Based Business Incubators in Kenya," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 7(1), pages 28-38, January.
    • Handle: RePEc:hur:ijarbs:v:7:y:2017:i:1:p:28-38
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    References listed on IDEAS

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    1. Fridah Muriungi Mwobobia, 2012. "The Challenges Facing Small-Scale Women Entrepreneurs: A Case of Kenya," International Journal of Business Administration, International Journal of Business Administration, Sciedu Press, vol. 3(2), pages 112-121, March.
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    Cited by:

    1. Miriti Jane Kinya & Kenneth Lawrance Wanjau & Nyagweth Ebenezer Odeyo, 2021. "The role of incubator classification on performance of incubators in Kenya," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 10(6), pages 256-267, September.
    2. Ekaterina Y. Litau, 2020. "Scoring method as applied to innovation project evaluation for startup support," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 7(4), pages 2978-2990, June.

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