Multiple Criteria Decision Making and Prospective Scenarios Model for Selection of Companies to be Incubated

Altina S. Oliveira; Carlos F.S. Gomes; Camilla T. Clarkson; Adriana M. Sanseverino; Mara R. S. Barcelos; Igor P. A. Costa; Marcos Santos

Working Paper Article Version 1 This version is not peer-reviewed

Version 1 : Received: 19 February 2021 / Approved: 22 February 2021 / Online: 22 February 2021 (15:22:29 CET)

This paper proposes a model to evaluate business projects to get into an incubator, allowing to rank them in order of selection priority. The model combines the Momentum method to build prospective scenarios and the Multiple Criteria Decision Making (MCDM) method TOPSIS-2N to rank the alternatives. Six business projects were evaluated to be incubated. The Momentum method made it possible for us to create an initial core of criteria for the evaluation of incubation projects. The TOPSIS-2N method supported the decision to choose the company to be incubated by ranking the alternatives in order of relevance. Our evaluation model has improved the existing models used by incubators. This model can be used and / or adapted by any incubator to evaluate the business projects to be incubated. The set of criteria for the evaluation of incubation projects is original and the use of prospective scenarios with a MCDM method to evaluate companies to be incubated does not exist in the literature.

Business incubators; Multiple Criteria Decision Making (MCDM); Prospective Scenarios; Hybrid Method.

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Multiple Criteria Decision Making and Prospective Scenarios Model for Selection of Companies to be Incubated

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