Business incubators as a tool for the development and growth of start-up companies in the Arab world
EMHAMAD ELMANSORI, Omar Al-Mukhtar University, Al-Bayda, Libya
Purpose: Business incubation facilitates the development and growth of start-up companies by providing entrepreneurs with resources and services. Incubator management usually develops these services that are offered by its wide network of contacts. Therefore, the aim of this research to contribute to general knowledge about the economic growth and development impacts of business incubators, thereby assisting Arab governments and policymakers in establishing environments that would facilitate entrepreneurship and national development.
Design/methodology/approach: To meet this aim, qualitative research approach used. Interviews with 12 of Arab experts in this field were conducted to understand how to establish and implement business incubation programmes.
Findings: The results of this research show that businesses that have been through an incubator programme are far more likely to succeed in the long term.
Originality/value: The research concluded by providing governments with guidelines for using incubators to foster technology transfer and commercialisation, which contributes to entrepreneurship and economic development in developing countries and other Arab countries, with particular consideration in Libya.
Keywords: Arab World; entrepreneurship; incubators and innovation.