Abstract:
The aim of this paper is to investigate, and to identify key critical factors that facilitate the outcomes of successful implementation of incubators such as innovation, entrepreneurship, and job creation. To achieve the aim, the research uses a mixed method approach consisting of survey questionnaire and multiple case studies. Specifically, eight case studies were conducted and data was mainly collected through electronic survey and organisational documents. The research findings suggest that there are four best practices for the implementation of incubators: 1) creating jobs and wealth, 2) fostering a community's entrepreneurial climate, 3) business creation and retention, and 4) financial module. The research adds value to current literature on incubator sustainability, benefits, and outcomes. It provides useful guidelines to both academicians and practitioners through experiences of worldwide incubator implementations.
