Incubators, Economic Development, and Diversification in Developing Countries

Abstract

Purpose: The aim of this paper is to investigate, analyze, and identify the ratio of performance indicators for each incubator over the years of establishment in developing countries including Kuwait as well as GCC.

Design methodology/approach: The methodology of this study is qualitative, consisting of literature review and multi-case studies. This investigation uses three case studies and the data was mainly collected by direct interview with five managers and analysis of organizational documents from Kuwait. The authors’ professional experiences on the topic provide the foundation for the paper.

Findings: The findings of this research can help incubator managers, policy makers, and government parties for successful implementation. Also, the findings add new knowledge for academic literature on incubators and economic development.

Originality: The authors believe that this paper has proven successful implementation of incubators and economic development. The recommendations will be helpful for both academicians and practitioners who are interested in incubators.

Keywords: Economic development, incubators, economic diversification, job creation, entrepreneurship.