The Influence of Entrepreneurial Motivation on the Valuation of Socioeconomic Benefits of Business Incubator Functions

Abstract

This paper aims to evaluate whether the reasons an entrepreneur starts a business influence their assessment of the contribution of business incubators to society. The influence of business incubator functions was found to be positively valued by entrepreneurs in the socioeconomic ecosystem, according to the results of our empirical SEM study. This study contributes in helping to understand the opinions that entrepreneurs have as protagonists in the entrepreneurial ecosystem, according to their reasons to start a business, on the functionality of incubators, and the sustainable contribution of such entities to socioeconomic benefits in society.

An analysis on the interactions between actors of the innovation ecosystem and incubators

“…ISSN: 2386-8570 Lian-Lian et al (2022) complemented by stating that no matter why the entrepreneur starts a business, they view incubators positively due to professional consulting services, socioeconomic benefits, housing and infrastructure services, and consulting services focused on the bureaucratic/administrative part of the business.…”

The Involvement of Universities, Incubators, Municipalities, and Business Associations in Fostering Entrepreneurial Ecosystems and Promoting Local Growth

“…Incubators play a crucial role in enhancing the region's competitiveness at both the national and international levels by providing support for the growth and success of innovative enterprises. According to Lin-Lian et al (2022), this phenomenon has the potential to result in a rise in foreign investment levels and the establishment of novel corporate collaborations.…”

“…(E11), as well as "the relationships that are created are relationships of exchanging experiences and sharing knowledge and, often, within this environment I think that the motivation factor is very important." (E3) (Lin-Lian et al 2022). In fact, "the type of relationships depends a lot on the creativity of the organizations themselves, on how we can collaborate together and in a way that benefits everyone."…”

“…The main goals of EE are to help create successful companies, help entrepreneurs access financial resources and funding from government sources, banks, or venture capital investors (Bouncken and Reuschl 2018), offer services such as consultancy and training in areas such as business planning, marketing, finance, human resources, and project management (Bismala et al 2020;Machado and Sousa 2022), and to help entrepreneurs acquire the skills and knowledge needed to successfully run their businesses, which might include workshops and other learning activities (OECD 2022). Second, EEs can stimulate the local economy and can also play an important role in building a regional network of specialisation, either by promoting innovation or developing new businesses and commercial partnerships (Lin-Lian et al 2022). In Portugal, the EE is expected to play an important role in regional development, supporting entrepreneurship and innovation in different regions of the country (Portugal Digital 2022).…”

Behavioral Patterns That Influence the Financing Choice Models of Small Enterprises in Ecuador through Latent Class Analysis

“…The lack of technological innovation in small firms is due to multiple factors, such as their low dimensions, poor financial capabilities, lack of support for technology adoption, poor structures, risk aversion, and misalignment between technological improvements and firm objectives, among others. In this sense, the lack of financing compromises competitiveness in different aspects, leading to a decrease in growth, technological improvement, capacity for innovation, and access to markets, among others [9]. Microcredit is an opportunity for business empowerment and a tool for promoting economic development in various socioeconomic contexts [10,11].…”