Role of Business Incubators in Creating Entrepreneurial Eco-System: A Case Study

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Dr. H. S. ABZAL BASHA; Dr. V. RAMESH NAIK

Role of Business Incubators in Creating Entrepreneurial Eco-System: A Case Study

Authors: Dr. H. S. ABZAL BASHA, Dr. V. RAMESH NAIK

Unique Paper ID: 172670
Volume: 11
Issue: 9
PageNo: 783-791

Keywords: Incubation Innovation Entrepreneurship Start-ups and other Eco-system

Abstract:
Today, India is redefining its journey of economy from a service oriented sector to a manufacturing-based sector. In this transition, Incubation, Innovation and Entrepreneurship have been identified as critical areas in the creation of innovative enterprises in all segments like; Micro, Small, and Medium Enterprises. In this regard, Business Incubator (BI) mechanisms are being promoted by the Government of India to support Incubation, Innovation, and Entrepreneurship in Academia, Research, and Industry. Business incubators have emerged as very popular methods for promoting social and economic development among the existing mechanisms. Business incubators offer a range of resources for young businesses, such as; features, services, and networks. India has approximately 300 incubation centers and science parks that have nurtured more than 4000 entrepreneurs until 2023. NSTEDB has so far created 127 TBIs in collaboration with premier academic and research institutions with an investment of Rs. 100 crores, and the cumulative revenue generated by these enterprises stands at Rs. 1595 crores. The present study explores how business incubators function and their impact on incubations, innovations, and start-ups. The research is alienated into two major parts. The primary part, the literature review, explores the association between business incubators and innovations, and then the study presents an analysis of the role of business incubators on innovations and start-ups in the Rayalaseema Region of Andhra Pradesh. Further, the study also investigates the critical role of business incubators in promoting Incubation, Innovation and Entrepreneurship and its impact on the social and economic development of the region. Moreover, this study was engaged in structured interviews with incubatees, cofounders of start-ups and other eco-system authorities to draw a conclusion.

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Cite This Article

ISSN: 2349-6002
Volume: 11
Issue: 9
PageNo: 783-791

Role of Business Incubators in Creating Entrepreneurial Eco-System: A Case Study

Available:https://ijirt.org/article?manuscript=172670

18 Apr, 2025

Assessing the Effectiveness of Training Programs on Students Job Opportunities with Reference to Select Engineering Colleges of Kurnool, Andhra Pradesh

Impact Factor
8.01 (Year 2024)

UGC Approved
Journal no 47859

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