Version 1
: Received: 15 August 2024 / Approved: 17 August 2024 / Online: 19 August 2024 (17:54:34 CEST)
How to cite:
Asensio-Ciria, A.; De-Pablos-Heredero, C.; Blanco Jiménez, F. J.; Garcia Martínez, A. Typology of business incubators in Spain according to the stages of startups incubation. Preprints2024, 2024081266. https://doi.org/10.20944/preprints202408.1266.v1
Asensio-Ciria, A.; De-Pablos-Heredero, C.; Blanco Jiménez, F. J.; Garcia Martínez, A. Typology of business incubators in Spain according to the stages of startups incubation. Preprints 2024, 2024081266. https://doi.org/10.20944/preprints202408.1266.v1
Asensio-Ciria, A.; De-Pablos-Heredero, C.; Blanco Jiménez, F. J.; Garcia Martínez, A. Typology of business incubators in Spain according to the stages of startups incubation. Preprints2024, 2024081266. https://doi.org/10.20944/preprints202408.1266.v1
APA Style
Asensio-Ciria, A., De-Pablos-Heredero, C., Blanco Jiménez, F. J., & Garcia Martínez, A. (2024). Typology of business incubators in Spain according to the stages of startups incubation. Preprints. https://doi.org/10.20944/preprints202408.1266.v1
Chicago/Turabian Style
Asensio-Ciria, A., Francisco José Blanco Jiménez and Antón Garcia Martínez. 2024 "Typology of business incubators in Spain according to the stages of startups incubation" Preprints. https://doi.org/10.20944/preprints202408.1266.v1
Abstract
The aim of this work was to classify the business incubators in Spain according to the four phases of the startup’s incubation process. Considering that the graduation rate implies greater survival and business success of the incubated companies, they have been identified at each stage of the incubation (spread of entrepreneurship, pre-incubation, advanced incubation, and graduation). The activities that present higher impacts on the success of the incubated companies and the activities carried out by the business incubator that have a greater relevance on the graduation of the companies have concretely been considered. Principal component (PC) cluster analysis has been applied. All the incubation variables were used simultaneously, reducing their number, and grouping them into factors. Finally, the cases were grouped according to these latent variables. Principal components analysis reduced dimensionality to 8 factors with a 74 % of explained variance. Factor 1 was positively related to pre-incubation variables, factor 2 was linked to training and collaboration variables within the entrepreneurship diffusion phase. Factor 3, named activity monitoring and control, was related to phase 3 or basic incubation variables. Cluster analysis facilitates the grouping of business incubators into three clusters: Group 1 (16 % of the total), incubators with strong deficits in incubation phases 1, 2 and 3. They are small sized business incubators, often located in rural areas or cities and low graduation rate. Group 2 (30 %), business incubators with very high graduation rate, and strongly positive values in factors 1 and 2. Factor 3, although positive, it is susceptible to improvement. They are the largest group of business incubators and usually located in industrial and technological parks. Group 3 (54 %) is the majority, with values close to cluster 2 and 3.
Keywords
startups; business incubators; entrepreneurship; advice; pre-incubation; incubation; graduation; viability; sustainability.
Subject
Business, Economics and Management, Human Resources and Organizations
Copyright:
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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