Capacities of business incubator and regional innovation performance

Journal article


Wang, Zhaoxing, He, Q., Xia, Senmao, Sarpong, David, Xiong, Ailun and Maas, Gideon 2020. Capacities of business incubator and regional innovation performance. Technological Forecasting and Social Change. https://doi.org/10.1016/j.techfore.2020.120125
AuthorsWang, Zhaoxing, He, Q., Xia, Senmao, Sarpong, David, Xiong, Ailun and Maas, Gideon
Abstract

Recent years have witnessed the fast development of business incubators in many emerging economies, such as China. Business incubators are seen as important facilitators for innovation which provide office space, equipment, mentoring services, as well as financial, legal and administrative supports for technology entrepreneurs and start-up companies. Much investment has been undertaken to facilitate the development of business incubators, for example in financial frameworks, human resource development and communication infrastructure. This paper investigates the effects of business incubator capacities on the regional innovation performance, using a panel representing 31 Chinese provinces. This study finds that three capacities of business incubators have significant impacts on the regional innovation performance, while the incubation capacity appears to have a much greater effect than the basic capacity and the finance capacity. Moreover, this study also identifies that the regional communication infrastructure is an important moderator of the relationship between business incubator capacities and the regional innovation performance. This paper supports the view that emerging economies should encourage the development of business incubators in order to promote the development of technology entrepreneurs and domestic innovation performance, but more focus should be on creating free knowledge transfer platforms.

KeywordsBusiness incubator; Regional innovation; Performance; Communication infrastructure; China
Year2020
JournalTechnological Forecasting and Social Change
PublisherElsevier
ISSN0040-1625
Digital Object Identifier (DOI)https://doi.org/10.1016/j.techfore.2020.120125
Web address (URL)http://hdl.handle.net/10545/624873
http://creativecommons.org/publicdomain/zero/1.0/
hdl:10545/624873
Publication dates04 Jun 2020
Publication process dates
Deposited05 Jun 2020, 14:35
Accepted26 May 2020
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CC0 1.0 Universal

ContributorsCoventry University, University of Derby, Brunel University London and Chongqing Technology and Business University, China
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