Elements that underpin high-tech business incubation processes |
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Authors: | D Patton L Warren D Bream |
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Institution: | 1. School of Management, University of Southampton, Highfield Campus, Southampton, UK 2. University of Southampton, Southampton, UK
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Abstract: | The UK government’s emphasis upon knowledge as a key competitive differentiator has led to the establishment of incubators within universities to support the commercialization of ideas; however understanding of the process by which research ideas are commercialized is limited. The findings in this paper, based on a case study of the high-tech incubator at the University of Southampton, suggest that some of the salient factors that strengthen the incubation process include; a steady flow of new ideas, an empathy with founders, the creation and maintenance of internal and external networks and appropriate exit strategies for firms leaving the incubator. |
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