The Opening Operational Model for For-profit Technology Business Incubator

The Opening Operational Model for For-profit Technology Business Incubator

After two decades of rapid growth, the Chinese technology business incubation industry has succeeded with 400 incubators. Most of the Chinese technology business incubators are non-profit and owned by government. However, the non-profit technology business incubator has given rise to some problems with the economic development. So a new kind of technology business incubator, called for-profit technology business incubator, has appeared. In the first part of this paper, the insights on technology business incubation system in China are offered, and the main features of the for-profit technology business incubator are discussed. Then an opening operational model for for-profit technology business incubators is put forward based on the analysis of the support systems outside the technology business incubator.