Incubation for Growth
A review of the impact of business incubation on new ventures with high growth potential
Overview of the research
The Government has put high-growth, innovative businesses at the heart of its economic agenda, and is focusing policy on how to back the big businesses of tomorrow. The aim of this research was to provide: “a thorough and focused literature review on business incubation.” The purpose of which was to identify models of incubation that have the greatest impact on the mission of building high-growth, innovative firms. This involved:
- Mapping the range of existing models relevant to firms with high-growth potential.
- Clarifying ‘state-of-the-art’ (models, interventions, design principles) in business incubation across the public and private sectors.
- Gathering, analysing and synthesising existing work (quantitative and qualitative) on the impact of incubation. While the research was focused on the impact of incubation on tenants, we also examined the broader economic impact of business incubation.