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Research Projects

Incubation Impact Analysis

Modeling the role of business incubators considering different support methods and show their effects on global economy with our preliminary results.

Business incubators have become a popular policy option and economic development intervention tool. However, recent research shows that incubated firms may not benefit significantly from their incubator relationships, and may even be more vulnerable to failure post departure (graduation) from an incubator. These findings suggest that the impact of business incubation on new venture viability may be contingent on the type of support offered by an incubator and attributes of business environments within which incubation services are provided. Incubation services that protect and isolate ventures from key resource dependencies may hinder venture development and increase subsequent vulnerability to environmental demands. Alternatively, incubation services that help ventures connect and align with key resource dependencies are likely to promote firm survival. We propose that incubators vary in the services and resources they offer, and that university incubators typically provide greater connectivity and legitimacy with respect to important contingencies associated with key industry and community stakeholders. This leads us to propose that university affiliation is an important contingency that affects the relationship between firms’ participation in incubators and their subsequent performance.

The purpose of this study is to evaluate this contingency by examining whether firms graduating from university incubators attain higher levels of post-incubation performance than firms participating in non-university affiliated incubators. We test this by evaluating the performance of a sample of graduated firms associated with the population of university-based incubators in the US contrasted against the performance of a matched cohort of non-incubated firms. The analysis uses an enhanced dataset that tracks the number of employees, sales, and the entry and graduation (departure) points of incubated firms from a university incubation program, so as to delineate the scope of influence of the incubator.

Related Publications:

37 Do graduated university incubator firms benefit from their relationship with university incubators? [PDF]
Authors: Vernet Lasrado, Stephen Sivo, Cameron Ford, Thomas O’Neal and Ivan Garibay
The Journal of Technology Transfer, pp. 1-15, April, 2015.
34 A Simulation Study on the Firm-Level Impact of Business Incubation in an Innovation Ecosystem [PDF]
Authors: Ivan Garibay, Christopher D. Hollander, Cameron Ford, Vernet Lasrado, Ozlem Ozmen Garibay and Tom O’Neal
Presentation at Technology Transfer Society (T2S) Conference. Bergamo, Italy. November 8-9, 2013.
26 A Comparative Simulation Study on the Benefits of Entrepreneurial Support Organization Membership [PDF]
Authors: Ivan Garibay, Christopher D. Hollander, Vernet Lasrado, Cameron Ford, Stephen Sivo and Thomas O’Neal
Presentation at the Technology Transfer Society Conference. New York Academy of Sciences, New York, April 19-20, 2013.





UCF Complex Adaptive Systems Laboratory
12201 Research Parkway, Suite 501
Orlando, FL 32826-3246
Phone: 407.823.1837
Ivan Garibay, Director