Strategic Importance and Sustainable Governance of High-Tech Business Incubators: Evidence from Serbia

Abstract

This paper analyzes symbiotic relationship between high-tech start-ups, governance of business incubators dedicated to developing them and overall impact on Serbian economy and tech landscape. It was written based on previously conducted research, relevant industry reports, a review of academic literature and many articles on the business incubation. As high-tech business incubators are a part of economic development, this paper aims to examine the role of business incubator on SMEs and high-tech start-ups and explore which types of support drive this impact, but also to investigate impact on wider economic and social landscape in Republic of Serbia. Furthermore, the overall benefits of government investing in incubators are elaborated with review of private vs public ownership and differences in opportunities that they provide. The need for strategic governance and systematic support is rationalized by inspecting efficiency and effectiveness through large set of KPIs. Results should provide proper model for development of innovation ecosystem and entrepreneurship support by using business incubator as a tool. If managed properly, incubators can become a key component of national development strategy since they can help hightech companies to survive and develop in MOST critical initial phase, by providing wide range of services such as management support, financial resources, technical services or simply offering adequate office space.

Entrepreneurship in Society 5.0: Integrating technology and humanistic values for a sustainable future

“…In Serbia, the adoption of Industry and Society 5.0 is also on the rise, but in a different way. Serbia has seen growth in digital entrepreneurship, particularly in the startup ecosystem (Djordjevic & Mihic, 2022;Pitić et al, 2020). Traditional businesses, too, are increasingly utilizing digital tools and technologies in all aspects of their operations (Ilic & Stankovic, 2023).…”

Strategic Turnaround in the Paper Industry: A New Model for the Procurement of Recycled Paper

“…Purchasing activity is always related to corporate and business strategy. Therefore, it should be systematically planned, evaluated, implemented, and controlled to achieve the company's long-term goals [21,22]. In order for a firm to be able to compete successfully in today's uncertain environment, it should develop a sophisticated purchasing function that is integrated into the strategic management decision-making process.…”

Promotion or inhibition of different incubation services? Evidence from government funding of China

“…The study finds that there are some differences in the driving effectiveness of government funding at the incubator level (Djordjevic and Mihic, 2022). Although the funds provided by the government have certain universality, different regions distinguish according to the operating years, profitability, the use of sites for incubators, the number of enterprises and the cumulative number of graduated enterprises.…”