Incubator specialization and size

Divergent paths towards operational scale

Magnus Klofsten*, Erik Lundmark, Karl Wennberg, Nata Bank

*Corresponding author for this work

Research output: Contribution to journalArticle

1 Citation (Scopus)

Abstract

Research on incubators show that size is important in achieving efficiency and networking benefits for clients. However, little research has focused on what factors influence incubator size. We theorize and show partial support for size benefits to incubator specialization. Analyses of the relationship between size and four distinct specialization strategies in a sample of 96 European incubators show that incubator size is positively related to a strategic focus on universities and research institutes as recruitment channels and to a focus on sustainability, but unrelated to industry focus. Incubator size was found to be negatively related to a regional focus. While sustainability focused incubators tended to not find recruitment challenging, paradoxically, among those who did, the most frequently reported challenges were related to finding tenants that focus on sustainability. Post-hoc analyses revealed that tenants with a focus other than sustainability often dominate sustainability-oriented incubators, suggesting that sustainability may be more of a legitimating strategy than an explicit selection criterion.

Original languageEnglish
Article number119821
Number of pages13
JournalTechnological Forecasting and Social Change
Volume151
DOIs
Publication statusPublished - 1 Feb 2020

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Keywords

  • Business incubator
  • Focus
  • Industry
  • Region
  • Size
  • Specialization
  • Sustainability
  • University

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