Version 1
: Received: 25 March 2024 / Approved: 25 March 2024 / Online: 26 March 2024 (10:25:34 CET)
How to cite:
Asensio-Ciria, A.; De-Pablos-Heredero, C.; Blanco Jiménez, F.J.; García Martínez, A. Typology of Business Incubators in Spain according to the Stages of Startups Incubation. Preprints2024, 2024031585. https://doi.org/10.20944/preprints202403.1585.v1
Asensio-Ciria, A.; De-Pablos-Heredero, C.; Blanco Jiménez, F.J.; García Martínez, A. Typology of Business Incubators in Spain according to the Stages of Startups Incubation. Preprints 2024, 2024031585. https://doi.org/10.20944/preprints202403.1585.v1
Asensio-Ciria, A.; De-Pablos-Heredero, C.; Blanco Jiménez, F.J.; García Martínez, A. Typology of Business Incubators in Spain according to the Stages of Startups Incubation. Preprints2024, 2024031585. https://doi.org/10.20944/preprints202403.1585.v1
APA Style
Asensio-Ciria, A., De-Pablos-Heredero, C., Blanco Jiménez, F.J., & García Martínez, A. (2024). Typology of Business Incubators in Spain according to the Stages of Startups Incubation. Preprints. https://doi.org/10.20944/preprints202403.1585.v1
Chicago/Turabian Style
Asensio-Ciria, A., Francisco José Blanco Jiménez and Antón García Martínez. 2024 "Typology of Business Incubators in Spain according to the Stages of Startups Incubation" Preprints. https://doi.org/10.20944/preprints202403.1585.v1
Abstract
The aim of this work was to classify the business incubators in Spain according to the four phases of startups incubation. Taking into account that the graduation rate implies greater survival and business success of the incubated companies, they have been identified at each stage of the incubation (spread of entrepreneurship, pre-incubation, advanced incubation, and graduation). The activities that present higher impacts on the success of the incubated companies and the activities carried out by the incubator that have a greater relevance on the graduation of the companies have concretely been considered. Principal component (PC) cluster analysis have been applied. All the incubation variables were used simultaneously, reducing their number, and grouping them into factors, finally the cases were grouped according to these latent variables. Principal components analysis reduced dimensionality to 8 factors with a 74 % of explained variance. Factor 1 was positively related to pre-incubation variables, factor 2 was linked to training and collaboration variables within the entrepreneurship diffusion phase. Factor 3 called activity monitoring and control and was related to phase 3 or basic incubation variables. Clusters analysis facilitates the grouping of incubators into three clusters: Group 1 (16 % of the total), incubators with strong deficits in incubation phases 1, 2 and 3. They are small Business Incubators, often located in rural areas or cities and low graduation rate. Group 2 (30 %), business incubators with very high graduation rate, and strongly positive values in factor 1 and 2. Factor 3 although positive is susceptible to improvement. They are the largest incubators and usually located in industrial and technological parks. Group 3 (54 %) is the majority, with values close to cluster 2 and 3.
Keywords
startups; business incubators; entrepreneurship; advice; pre-incubation; incubation; graduation; viability; sustainability
Subject
Business, Economics and Management, Business and Management
Copyright:
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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