The co-evolution of business incubation and national innovation systems in Taiwan |
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Authors: | Fu-Sheng Tsai [Author Vitae] Linda H.Y. Hsieh [Author Vitae] [Author Vitae] Julia L. Lin [Author Vitae] |
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Affiliation: | a Department of Business Administration, Cheng Shiu University, Fong Shan City, Kaohsiung County, Taiwan b Birmingham Business School, University of Birmingham, Edgbaston, Birmingham, UK c Department of Business Administration, National Cheng Kung University, Tainan City, Taiwan d Department of International Business, I-Shou University, Dashu Township, Kaohsiung County, Taiwan |
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Abstract: | Incubation has already proven to be of great value in promoting small and medium enterprise (SME) entrepreneurship activities and technological development in developed and developing countries. Incubation not only provides a diversified and integrated service for entrepreneurial ventures but also contributes upward to regional and national innovation and economic growth. Building upon the logic of co-evolution theory, this paper argues that incubation acts at the meso-level as a critical interface between macro-innovation systems and micro-business ventures. These multi-directional coupling elements in innovation ecology co-evolve to achieve collective interests and excellence, which in turn may stimulate technological development and social change. Important processes/mechanisms, including a policy kit and action, strategic networking, supportive associations, knowledge and intellectual capital management, among others, are discussed. Drawing on the national innovation system (NIS) and business incubation (BI) experience in Taiwan, we discuss the future prospects of incubation and innovation policies, including industrializing and globalizing incubation activities and virtual business incubation. |
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Keywords: | Co-evolution Business incubation Industry and national innovation Innovation policy |
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