Purpose - To generate and test a coherent framework of incubation strategies and interventions that can be deployed to encourage enterprise development through new venture creation in local economies. Design/methodology/approach - Postal questionnaire to new ventures, combined with ongoing engagement of and consultation with incubation practitioners and local economic development professionals. Findings - Seven generic incubation strategies were identified and developed. Four focus on a premises-driven approach to incubation, and three on a more process-based approach. All seven strategies represent opportunities for tailored and hence targeted approaches to the development of incubators and incubation services. Research limitations/implications - The study focused on one rural county in England. There is a need to test the strategies in other contexts, to determine their wider relevance. Practical implications - The seven incubation strategies can be used to develop tailored approaches to incubation, within a comprehensive framework of incubation "options". The authors suggest that a combination of approaches is developed as the basis for effective local incubation practice. Originality/value - The paper provides a framework for developing incubation strategies that offers coherence and the opportunity for "bottom-up" yet integrated approaches.
|Number of pages||14|
|Journal||Journal of Small Business and Enterprise Development|
|Publication status||Published - 6 Mar 2006|
- Business formation
- Rural areas