IDEAS home Printed from https://ideas.repec.org/a/ids/ijeima/v3y2003i1-2p56-66.html
   My bibliography  Save this article

Overview of US incubators and the case of the Austin Technology Incubator

Author

Listed:
  • Joel Wiggins, David V. Gibson

Abstract

Business incubators have a 25-year history in the US. Today, they number more than 800. Most are non-profit entities, many associated with universities. This article provides a general overview of business incubation in the US and provides a case study of the award-winning Austin Technology Incubator whose companies have generated over $1.4 billion in revenues and created some 3,000 jobs. The authors conclude that business incubators must accomplish five tasks well in order to succeed: establish clear metrics for success; provide entrepreneurial leadership; develop and deliver value-added services to member companies; develop a rational new-company selection process; and ensure that member companies gain access to necessary human and financial resources.

Suggested Citation

  • Joel Wiggins, David V. Gibson, 2003. "Overview of US incubators and the case of the Austin Technology Incubator," International Journal of Entrepreneurship and Innovation Management, Inderscience Enterprises Ltd, vol. 3(1/2), pages 56-66.
    • Handle: RePEc:ids:ijeima:v:3:y:2003:i:1/2:p:56-66
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=2218
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Anthony M Levenda & Eliot Tretter, 2020. "The environmentalization of urban entrepreneurialism: From technopolis to start-up city," Environment and Planning A, , vol. 52(3), pages 490-509, May.
    2. Lambais, Guilherme B. R., 2009. "Empresas de base tecnológica induzidas e espontâneas na região metropolitana de Campinas: limitações, potencialidades e relações com o espaço geográfico [Induced and Spontaneous Technology-Based Co," MPRA Paper 24449, University Library of Munich, Germany.
    3. Haifeng Qian & Kingsley E. Haynes & James D. Riggle, 2011. "Incubation Push or Business Pull? Investigating the Geography of U.S. Business Incubators," Economic Development Quarterly, , vol. 25(1), pages 79-90, February.
    4. Marina Dabić & Marta Ortiz‐De‐Urbina‐Criado & Ana M. Romero‐Martínez, 2011. "Human resource management in entrepreneurial firms: a literature review," International Journal of Manpower, Emerald Group Publishing Limited, vol. 32(1), pages 14-33, March.
    5. Osama Mostafa Atout, 2021. "Determination of the legal framework for localization science and technology valleys and technology incubators in nuclear activitiesys and technology incubators in nuclear activities," Technology audit and production reserves, Socionet;Technology audit and production reserves, vol. 1(4(57)), pages 28-37.
    6. Kingsley E. Haynes & Haifeng Qian & Sidney C. Turner, 2012. "The location of business support programs: does the knowledge context matter?," Chapters, in: Charlie Karlsson & Börje Johansson & Roger R. Stough (ed.), Entrepreneurship, Social Capital and Governance, chapter 13, pages 302-324, Edward Elgar Publishing.
    7. Thobekani Lose & Robertson K. Tengeh, 2015. "The Sustainability and Challenges of Business Incubators in the Western Cape Province, South Africa," Sustainability, MDPI, vol. 7(10), pages 1-14, October.
    8. Lambais, Guilherme B. R., 2009. "The Metropolitan Region of Campinas, Brazil: applying the technopolis framework," MPRA Paper 24347, University Library of Munich, Germany.
    9. Sohail, Kanza & Belitski, Maksim & Castro Christiansen, Liza, 2023. "Developing business incubation process frameworks: A systematic literature review," Journal of Business Research, Elsevier, vol. 162(C).
    10. Sudha Mavuri & Kavita Chavali & Ajith Kumar Vadakkiveetil, 2023. "Role of Incubation Centers in Promoting Sustainable Development in Nigeria," Academic Journal of Interdisciplinary Studies, Richtmann Publishing Ltd, vol. 12, January.
    11. Somsuk, Nisakorn & Laosirihongthong, Tritos, 2014. "A fuzzy AHP to prioritize enabling factors for strategic management of university business incubators: Resource-based view," Technological Forecasting and Social Change, Elsevier, vol. 85(C), pages 198-210.
    12. Kingsley E. Haynes, 2011. "The Location of Business Support Programs: Does the Knowledge Context Matter?," ERSA conference papers ersa10p1499, European Regional Science Association.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:ijeima:v:3:y:2003:i:1/2:p:56-66. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=7 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.