, Erik Lundmark
, Karl Wennberg
and Megan Bank
Magnus Klofsten: Linköping University
Erik Lundmark: Linköping University
Karl Wennberg: The Ratio Institute, Postal: The Ratio Institute, P.O. Box 5095, SE-102 42 Stockholm, Sweden
Megan Bank: Linköping University
Abstract: Research on incubators show that size is important in achieving efficiency and networking benefits for clients. However, little research has focused on what factors influence incubator size. We theorize and show partial support for size benefits to incubator specialization. Analyses of the relationship between size and four distinct specialization strategies in a sample of 96 European incubators show that incubator size is positively related to a strategic focus on universities and research institutes as recruitment channels and to a focus on sustainability, but not to a regional or industry focus. Paradoxically, tenants with a focus other than sustainability often dominate sustainability-oriented incubators, suggesting that sustainability may be more of a legitimating strategy than an explicit selection criterion.
41 pages, November 26, 2019
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