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Technology and Business Incubation (TBI)
Technology and Business incubation is defined as the process wherein the incubators nurture the
development of entrepreneurial companies, by giving them a helping hand to survive and grow
during their start up period. The concept is referred to as a business support process that
accelerates the successful development of new entrepreneurs by providing them with suitable
resources and services. Generally, these services were developed and managed by the incubators...
Models of Business Incubation
Incubation programs were offered in many shapes and sizes to serve a variety of communities and
markets (Exhibit I: Models of Business Incubation). Business incubation models were listed
based on certain factors like their goals, activities, objectives, targets, offerings, issues and trends.
On a broad classification, four models of business incubators were sorted...
Revenue Models of TBI
Incubators play multiple roles in producing a successful entrepreneur in the course of incubator
management. On the one hand, incubators often acted as a catalyst for the introduction of high
quality technologies to the business world. And on the other hand, incubators also needed to look
at their own internal performance in delivering their goals, in helping tenant businesses achieve
their revenue goals. Some approaches are followed in gathering and understanding information
that would help the incubator evaluate its revenue model...
Global Scenario of Technology and Business Incubation
By 2006, there were nearly 4000 incubators of various types operating in the U.S. (Exhibit II:
Global Scenario-Number of incubators). Europe had nearly 1000 incubators including 300 in
Germany. Among the developing countries, China showed a growth in the increase of incubators
and over a period of ten years China had set up almost 400 incubators. Most of them were linked
to Higher Education Institutions (HEIs). Korea was also reported to have about 300 Incubators.
India was reported to have around 80 incubators...
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