While incubators have grown in numbers, the uneven performance and poor sustainability in many situations have become serious issues with the governments and sponsors who continue to subsidize many of them. There has been much recent interest in identifying ‘best practices’ that could then be used elsewhere. But these practices are location-, culture- and time-specific, and can only be adapted to the conditions prevailing in local situations.
In today’s part of Business Incubation Model Series we will describe the model proposed by Michael Lazarowich & M. John Wojciechowski. The document they presented had two main objectives:
1) to examine ‘best practices’ of setting up and operating business incubators. Hence the strategic plan is a form of blueprint for the proposed pilot project, identifying the parameters, goals, and processes of business incubator development.
To read the full, original article click on this link: Review of 20 Business Incubation Models – Lazarowich & Wojciechowski ‘New Economy’ Incubator Model 2002 (Part 7 of 20) | Entrepreneurship, Business Incubation, Business Models & Strategy Blog
