Business incubation programs in Essay Example | Topics and Well Written Essays - 6500 words

Business incubation programs in - Essay Example The research methods details the two phases of the proposed research, the research design that will be followed, its rationale, and also identifies the research paradigm. The section on research instruments gives even greater details of precisely how the two instruments will be used and also their justification for doing so. In the literature review, the writer reviews what business incubators are, their types and development, the need for them and their effectiveness. The section on incubators in Saudi Arabia then focuses on existing and planned incubators and technology parks in the kingdom, a briefing of their history, and discusses what potential they have. A more detailed example is given of the BADIR-ICT programme for technology incubation. The situation in Saudi Arabia is then contrasted with other programmes worldwide, and similarities are drawn with those that are regionally closer in terms of the challenges posed to incubators in developing countries. The following section then overviews some of the best practices so as to identify them. Finally, the section on wider perspective refocuses on the government side of business incubation programmes, and puts these in the context of the overall system in which they operate. The process of business incubation is a dynamic one for the purpose of developing business enterprises, and to make them financially viable for when they have to leave, usually within two or three years. Incubators nurture new firms by helping them to survive and develop during their start-up period because it is during this time that they are most vulnerable and can therefore take advantage of assistance given to them. This could be in the form of managerial, administrative, financial or legal assistance for example, and in the case of technology based incubators in particular, in the form of technological assistance. The types of facilities offered in incubators usually include shared offices, equipment, etc. The leases are also