Learning from Best practices of Business incubation of high-tech start-ups

Deák, Csaba and Podmetina, Daria (2013) Learning from Best practices of Business incubation of high-tech start-ups. In: The Proceedings of The XXIV ISPIM Conference - Innovating in Global Markets. The International Society for Professional Innovation Management (ISPIM), Helsinki, pp. 1-21. ISBN ISBN 978-952-265-421-2

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Abstract

The business incubation, successfully implemented in several countries. The business incubation of start-ups shows different output in countries with different institutional setting and different intensity of market turbulence: innovation driven economy in Finland, new EU member innovation-oriented Hungary and most turbulent economy in Russia. We interviewed the high-tech start-ups in Finland, Hungary and Russia, to study the actual practices of technology start-ups incubation and to analyse the problems which can be overcome by successful incubation. Business incubators play the same role in different countries, but they have different services and the companies' perceptions of the incubators' services is different. This study contributes to the research stream of NISs and implementing business incubators for boosting the innovations by creating favourable growth conditions for technology start-ups. Study also formulates policy recommendation on benchmarking the successful business incubation practices when technology start-ups growth is the aim of innovation policy.

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