“…In addition, recent emphasis on innovation strategies at the regional level (Rasmussen et al, 2013) and in particular Smart Specialisation-based regional innovation (Garcilazo et al, 2010;Camagni and Capello, 2013;McCann and Ortega-Argiles, 2013), have signalled a move away from universalist best practice approaches to incubation (Cooke et al, 2000;Asheim and Coenen, 2005). Indeed, business incubator models are increasingly seen as evolutionary, non-linear and interactive processes between various stakeholders in a regional context (Todtling and Trippl, 2005;Afonso et al, 2012;Carayannis and Rakhmatullin, 2014;Ivanova, 2014) where the model adopted is reflective of contextual factors. In seeking to define the relevant stakeholder groupings, we adopt and interpret the quadruple helix model from a stakeholder perspective consistent with Carayannis and Rakhmatullin (2014).…”