Role of University Based Incubators in Emerging Economies
Introduction In today’s world, it’s getting quite difficult to survive on a single source of income, therefore many are now resorting to the entrepreneurship sector. Business setting is now becoming a common trend. Business incubators sponsored by the education sector are not only popular in the developed countries but are now gaining importance in the developing nations. There is an increasing acknowledgement of the boundaries of government sector as a main media for key economic growth. Instead, private sector has jumped to the rescue, supported by related economic reforms such as de-regulation, privatization, and creation of an independent legal system. In this scenario, many universities have started or a in the process of introducing/ modifying their different business programs to meet today’s ever changing demands. Current Scenario Educational sector is playing a vital role in this regard. Today, many universities are setting up incubation centers and accelerato...
