KEY POINTS OF UNIVERSITY BUSINESS INCUBATORS : A SYSTEMATIC REVIEW AND FUTURE RESEARCH DIRECTIONS
Keywords:
University Incubator Business, Incubator Business
Abstract
The purpose of this study is to investigate the key components and best practices of University Business Incubators (UBIs), which are becoming increasingly important in encouraging innovation and economic growth by combining academic resources with entrepreneurial ventures. Despite its potential, little study has been conducted to establish a clear knowledge of the factors that influence UBI effectiveness. To fill this gap, a systematic review was performed with a focus on three research questions: (1) identifying theoretical frameworks that enable UBI development; (2) assessing empirical evidence on UBI operations. A comprehensive selection process began with 229 articles from Scopus and resulted in a final sample of 13 high-quality studies that were subjected to thematic synthesis analysis. The findings highlight key aspects such as technology adoption, coaching, human development, entry selection, and evaluation measures. Additionally, the results emphasize the importance of UBIs' external relationships, alignment with the Sustainable Development Goals (SDGs), and role in translating academic research into market-ready technologies via spin-offs. This analysis presents a complete framework for UBI optimization, providing actionable insights to increase their role in regional and national economic development while also filling important research gaps in UBI practices.
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Wiggins, J., & Gibson, D. V. (2003). Overview of US incubators and the case of the Austin Technology Incubator. International Journal of Entrepreneurship and Innovation Management, 3(1–2), 56–66. https://doi.org/10.1504/ijeim.2003.002218
Wonglimpiyarat, J. (2016). The innovation incubator, University business incubator and technology transfer strategy: The case of Thailand. Technology in Society, 46, 18–27. https://doi.org/10.1016/j.techsoc.2016.04.002
Berbegal-Mirabent, J., Ribeiro-Soriano, D. E., & Sánchez García, J. L. (2015). Can a magic recipe foster university spin-off creation? Journal of Business Research, 68(11), 2272–2278. https://doi.org/10.1016/j.jbusres.2015.06.010
Bruneel, J., Ratinho, T., Clarysse, B., & Groen, A. (2012). The evolution of Business incubators: Comparing demand and supply of business incubation services across different incubator generations. Technovation, 32(2), 110–121. https://doi.org/10.1016/j.technovation.2011.11.003
Chan, Y. E., Krishnamurthy, R., & Sadreddin, A. (2022). Digitally-enabled university incubation processes. Technovation, 118. https://doi.org/10.1016/j.technovation.2022.102560
Fajar Subhekti, E., Fajar Subhekti, E., & Niska Dinda Nadia, F. (2024). Corporate Morality: A Systematic Review and Future Research Directions. 9(2), 1306–1316.
Gorączkowska, J. (2020). Enterprise innovation in technology incubators and university business incubators in the context of Polish industry. Oeconomia Copernicana, 11(4), 799–817. https://doi.org/10.24136/OC.2020.032
Gozali, L., Masrom, M., Zagloel, T. Y. M., Habibah, & Haron, N. (2016). A framework of successful business incubators for indonesian public universities. International Journal of Technology, 7(6), 1086–1096. https://doi.org/10.14716/ijtech.v7i6.3351
Gozali, L., Masrom, M., Zagloel, T. Y. M., Haron, H. N., Garza-Reyes, J. A., Tjahjono, B., Irawan, A. P., Daywin, F. J., Syamas, A. F., Susanto, S., Aliwarga, H. K. K., & Marie, I. A. (2020). Performance factors for successful business incubators in indonesian public universities. International Journal of Technology, 11(1), 155–166. https://doi.org/10.14716/ijtech.v11i1.2464
Hausberg, J. P., & Korreck, S. (2020). Business incubators and accelerators: a co-citation analysis-based, systematic literature review. Journal of Technology Transfer, 45(1), 151–176. https://doi.org/10.1007/s10961-018-9651-y
Karahan, M. (2024). Advancing sustainable entrepreneurial universities: sustainability transformations of university business incubators in Germany. Small Business Economics, 63(2), 575–609. https://doi.org/10.1007/s11187-023-00860-5
Lasrado, V., Sivo, S., Ford, C., O’Neal, T., & Garibay, I. (2016). Do graduated university incubator firms benefit from their relationship with university incubators? Journal of Technology Transfer, 41(2), 205–219. https://doi.org/10.1007/s10961-015-9412-0
McAdam, M., Miller, K., & McAdam, R. (2016). Situated regional university incubation: A multi-level stakeholder perspective. Technovation, 50–51, 69–78. https://doi.org/10.1016/j.technovation.2015.09.002
Mian, S., Lamine, W., & Fayolle, A. (2016). Technology Business Incubation: An overview of the state of knowledge. Technovation, 50–51, 1–12. https://doi.org/10.1016/j.technovation.2016.02.005
Nicholls-Nixon, C. L., & Maxheimer, M. M. (2022). How coaching services help early stage entrepreneurs: an exploration of gender differences. Journal of Small Business and Enterprise Development, 29(5), 742–763. https://doi.org/10.1108/JSBED-09-2021-0355
Rakthai, T., Aujirapongpan, S., & Suanpong, K. (2019). Innovative capacity and the performance of businesses incubated in university incubator units: Empirical study from universities in Thailand. Journal of Open Innovation: Technology, Market, and Complexity, 5(2). https://doi.org/10.3390/JOITMC5020033
Redondo, M., & Camarero, C. (2017). Dominant logics and the manager’s role in university business incubators. Journal of Business and Industrial Marketing, 32(2), 282–294. https://doi.org/10.1108/JBIM-01-2016-0018
Redondo, M., & Camarero, C. (2019). Social Capital in University Business Incubators: dimensions, antecedents and outcomes. International Entrepreneurship and Management Journal, 15(2), 599–624. https://doi.org/10.1007/s11365-018-0494-7
Somsuk, N., & Laosirihongthong, T. (2014). A fuzzy AHP to prioritize enabling factors for strategic management of university business incubators: Resource-based view. Technological Forecasting and Social Change, 85, 198–210. https://doi.org/10.1016/j.techfore.2013.08.007
Supriharyanti, E., & Sukoco, B. M. (2023). Organizational change capability: a systematic review and future research directions. In Management Research Review (Vol. 46, Issue 1, pp. 46–81). Emerald Publishing. https://doi.org/10.1108/MRR-01-2021-0039
Suwandi. (2007). PENGEMBANGAN MODEL INKUBATOR BISNIS PERGURUAN TINGGI. Jurnal Penelitian Humaniora, 12(2), 65–86.
Theodorakopoulos, N., Kakabadse, N. K., & McGowan, C. (2014). What matters in business incubation? A literature review and a suggestion for situated theorising. Journal of Small Business and Enterprise Development, 21(4), 602–622. https://doi.org/10.1108/JSBED-09-2014-0152
Tranfield, D., Denyer, D., & Smart, P. (2003). Towards a Methodology for Developing Evidence-Informed Management Knowledge by Means of Systematic Review*. In British Journal of Management (Vol. 14).
Vergiansyah, I., Supriharyanti, E., & Niska Dinda Nadia, F. (2024). Humble Leadership in Education: A Systematic Review and Future Direction. 9(2), 1180–1197.
von Zedtwitz, M. (2003). Classification and management of incubators: aligning strategic objectives and competitive scope for new business facilitation. International Journal of Entrepreneurship and Innovation Management, 3(1–2), 176–196. https://doi.org/10.1504/ijeim.2003.002227
Wann, J. W., Lu, T. J., Lozada, I., & Cangahuala, G. (2017). University-based incubators’ performance evaluation: a benchmarking approach. Benchmarking, 24(1), 34–49. https://doi.org/10.1108/BIJ-02-2015-0018
Wiggins, J., & Gibson, D. V. (2003). Overview of US incubators and the case of the Austin Technology Incubator. International Journal of Entrepreneurship and Innovation Management, 3(1–2), 56–66. https://doi.org/10.1504/ijeim.2003.002218
Wonglimpiyarat, J. (2016). The innovation incubator, University business incubator and technology transfer strategy: The case of Thailand. Technology in Society, 46, 18–27. https://doi.org/10.1016/j.techsoc.2016.04.002
Published
2024-12-31
How to Cite
Syahputra, W., & Agustina, T. (2024). KEY POINTS OF UNIVERSITY BUSINESS INCUBATORS : A SYSTEMATIC REVIEW AND FUTURE RESEARCH DIRECTIONS. Jurnal Ilmiah Manajemen, Ekonomi, & Akuntansi (MEA), 8(3), 3057-3067. https://doi.org/10.31955/mea.v8i3.4849
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Articles
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