An Evaluation and Impact Assessment of Business Incubation Models in Eastern Europe and Central Asia
A business incubator can play an important role in developing and supporting startup companies, and has the potential to stimulate local and regional economies. Incubation is a continuous relationship between the incubator and the early-stage entre...
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| Language: | English en_US |
| Published: |
2015
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| Online Access: | http://documents.worldbank.org/curated/en/2014/03/22669322/evaluation-impact-assessment-business-incubation-models-eastern-europe-central-asia-infodev-study-nine-business-incubators-armenia-belarus-kazakhstan-poland-romania-russian-federation-serbia-turkey http://hdl.handle.net/10986/21079 |
| Summary: | A business incubator can play an
important role in developing and supporting startup
companies, and has the potential to stimulate local and
regional economies. Incubation is a continuous relationship
between the incubator and the early-stage entrepreneur, with
graduation as the target and occurring when the early-stage
company has reached sufficient maturity. Through the
incubation process, the support provided by the incubator
evolves along with the development needs of the business.
Business incubation can be a valuable tool for stimulating
the startup and growth of new enterprises. Successful
incubators accelerate the growth of the clients'
businesses as compared to new or small businesses operating
independently. This assessment aims to provide further
insights on the outcomes of business incubation for the
enterprises directly served by the incubators, as well as
for the broader socio-economic environment the business
incubators operate in. This study assesses nine business
incubators in eight countries across the Eastern Europe and
Central Asia (ECA) region, namely Armenia, Belarus,
Kazakhstan, Poland, Romania, the Russian Federation, Serbia,
and Turkey. These countries were selected to obtain
representation from the various sub-regions of ECA. The
study concludes that the incubators studied have generally
been effective in fostering entrepreneurship and innovation
in their local contexts. |
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