Categories of incubator success, Michael Busler, Hanadi Mubarak Al-Mubaraki and Ali Husain Muhammad

Hanadi Mubarak Al-Mubaraki and Ali Husain Muhammad
Kuwait University
Kuwait
Michael Busler
Richard Stockton College
United States

Purpose:The purpose of this paper is to investigate and identify three categories of incubators in the United States (US) located in New York(NY). The incubator categories are: (1) technology commercialisation; (2) economic development; and (3)entrepreneurship.

Methodology:The study uses a qualitative approach based on interviews concerning three incubator programmes selected for their successful outcomes.

Findings:The research findings suggest four priorities for incubators: 1) to be dynamic models of selfsustainable, efficient business development; 2) to provide helpful tools for generating jobs; 3) to foster and support enterprise and innovation to create the best environment for the start-up and smart growth of businesses; and 4) to support valueadded businesses through various means, such as developing the region’s science parks and R&D centres, improving collaboration between universities, and supporting business investment and growth.

Originality/value:The research adds value to academicians and practitioners such as government, funded organisations, institutions and policy-makers.

Keywords:Incubators, Economic development, Technology commercialisation, Entrepreneurship.

Citation: Busler, M., Al-Mubaraki, H. M., & Muhammad, A. H.(2014): Categories of incubator success,World Sustainable Development Outlook 2014, Vol 12, pp. 359-378