A Work Project, presented as part of the requirements for the Award of a Masters Degree in     Management from the Faculda...
Agenda   Business incubators   Main objectives   Research site   Findings   Discussion   Conclusion   Next steps
Agenda   Business incubators   Main objectives   Research site   Findings   Discussion   Conclusion   Next steps
Business Incubators                  (1 of 2)Organizations that offer a protected environment for new-born firms,providing...
Business Incubators                  (2 of 2)   The networked incubator         Social dimensions in the entrepreneuring...
Agenda   Business incubators   Main objectives   Research site   Findings   Discussion   Conclusion   Next steps
Main objectives   Portugal: Incubators in Science & Technology Parks        Lispolis, Taguspark, Madan Parque, (...)   ...
Agenda   Business incubators   Main objectives   Research site   Findings   Discussion   Conclusion   Next steps
Research site   Taguspark        Science & Technology Park created in 1992;        Foster the development of S&T activi...
Agenda   Business incubators   Main objectives   Research site   Findings   Discussion   Conclusion   Next steps
Findings   1st incubation program:                                           2nd incubation program:“incubator of ideas”  ...
Findings   1st incubation program:                                         2nd incubation program:“incubator of ideas”    ...
Findings   Networking in Taguspark:      Organized networking                        Spontaneous networkingInformal:     ...
Agenda   Business incubators   Main objectives   Research site   Findings   Discussion   Conclusion   Next steps
Discussion  The transition from the 1st to the 2nd incubation program causes aredefinition of the concept of internal net...
Discussion    Why are some firms benefiting from this cohabitation while other are not?   Factors that facilitate and hin...
Discussion                                                    Related to the                                              ...
Discussion                                                             Related to the                                     ...
Agenda   Business incubators   Main objectives   Research site   Findings   Discussion   Conclusion   Next steps
Conclusion  Cohabitation has an important role in promoting networkingbetween young and mature firms. However, it isn’t e...
Agenda   Business incubators   Main objectives   Research site   Findings   Discussion   Conclusion   Next steps
Next steps   Dimensions of networking to be explored in future studies:        Relationship between young firms and univ...
Thank you
Upcoming SlideShare
Loading in …5
×

Business Incubation and Networking - Analysis based on Taguspark in Portugal.vf

593 views
500 views

Published on

Published in: Business, Technology
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
593
On SlideShare
0
From Embeds
0
Number of Embeds
3
Actions
Shares
0
Downloads
21
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Business Incubation and Networking - Analysis based on Taguspark in Portugal.vf

  1. 1. A Work Project, presented as part of the requirements for the Award of a Masters Degree in Management from the Faculdade de Economia da Universidade Nova de Lisboa. BUSINESS INCUBATION IN PORTUGAL The role of cohabitation for networking between incubated and mature firms in a science and technology incubator Bruno Serrano Nº82 A Project carried out with the supervision of Professor Stefan Meisiek 27th June 2008
  2. 2. Agenda Business incubators Main objectives Research site Findings Discussion Conclusion Next steps
  3. 3. Agenda Business incubators Main objectives Research site Findings Discussion Conclusion Next steps
  4. 4. Business Incubators (1 of 2)Organizations that offer a protected environment for new-born firms,providing resources at below-market rates Evolution of the concept of Business Incubator Business Physical Shared Focus on + + development + space services Networking services• Multi-tenant • Secretarial • Business • Networked buildings support; advisory incubator; • Office • Internal and equipment external networking
  5. 5. Business Incubators (2 of 2) The networked incubator  Social dimensions in the entrepreneuring process  Social Capital Theory  Implementation of formal mechanisms of networking  Provide access to resources beyond the incubator Internal networking  relationships between incubated firms External networking  relationships with entities outside of the incubator Increase chances of firms surviving after leaving the protected environment of the incubator
  6. 6. Agenda Business incubators Main objectives Research site Findings Discussion Conclusion Next steps
  7. 7. Main objectives Portugal: Incubators in Science & Technology Parks  Lispolis, Taguspark, Madan Parque, (...) Taguspark  Incubated firms share buildings with mature firms Incubated firms Mature firms Cohabitation Networking advantages
  8. 8. Agenda Business incubators Main objectives Research site Findings Discussion Conclusion Next steps
  9. 9. Research site Taguspark  Science & Technology Park created in 1992;  Foster the development of S&T activity;  Suburban area of Lisbon;  Universities + R&D institutions + S&T based industry;  Business incubator:  Commercialize the results of scientific investigation  Disseminate new technical competencies Methodology - Semi-structured interviews with 4 entities:  Business Incubator Different perspectives  Incubated firms on the same  Mature firms phenomenon  Ex-incubated firms
  10. 10. Agenda Business incubators Main objectives Research site Findings Discussion Conclusion Next steps
  11. 11. Findings 1st incubation program: 2nd incubation program:“incubator of ideas” “business incubator” Taguspark Building Taguspark Building Building Building Building Building Incubator of ideas Incubator of ideas ― ≤ 6 months ― ≤ 9 years ― Working space (telephone, ― Discounts on rents internet) ― Business advisory  business plan Established Incubated Universities and firms firms R&D institutions  Connections between Connections between incubatees incubatees and established firms
  12. 12. Findings 1st incubation program: 2nd incubation program:“incubator of ideas” “business incubator” Taguspark Building Taguspark Building Building Building Proximity with other Building entrepreneurs Building Incubator of ideas Incubator of ideas Share ideas Problem solving Access to Share resources Networking knowledge Motivation Reputability
  13. 13. Findings Networking in Taguspark: Organized networking Spontaneous networkingInformal: - As a result of physical proximity- Events that promote informal - Solution-driven interactioninteraction between all firms Good opportunities to meet people When problems or challenges Not regular; little attendance; little arise, entrepreneurs can walk results in terms of business across the corridor to find help from more experienced firmsFormal: Recognized as the most important- Meetings between potential advantage from being in thepartners incubator Not happening anymore Real benefits from networking not unanimous
  14. 14. Agenda Business incubators Main objectives Research site Findings Discussion Conclusion Next steps
  15. 15. Discussion The transition from the 1st to the 2nd incubation program causes aredefinition of the concept of internal networking In literature: relationships between incubated firms within the incubator Incubator of ideas ≠ Building In the 2ndprogram: relationships between incubated firms and with mature firms in the same building The presence of mature firms leverages the potential benefits fromnetworking:  Experience  Resources  Networks
  16. 16. Discussion Why are some firms benefiting from this cohabitation while other are not? Factors that facilitate and hinder networking: Related to the Related to the construction of the individuals incubator
  17. 17. Discussion Related to the Related to the construction of the individuals incubator Factors related to the construction of the incubator:  Number of firms;  Complementarity of skills and competencies;  Existence of common areas These factors are imposed equally to all firms in each buldingThey don’t explain why, in the same conditions, some entrepreneurs draw benefits from networking while others don’t
  18. 18. Discussion Related to the Related to the construction of the individuals incubator Factors related to the individuals:  Networks are not given, but created by individuals Need for common  Networks are perceived and valued differently motivation Transition Opportunity to forge relationships with mature firms from 1st to 2nd incubation Negative impacts in the relationships between incubatees program   Business relationships rely on social relationships  trust
  19. 19. Agenda Business incubators Main objectives Research site Findings Discussion Conclusion Next steps
  20. 20. Conclusion Cohabitation has an important role in promoting networkingbetween young and mature firms. However, it isn’t enough to forgebusiness relationships; Not all variables are in the hands of the incubator, but some stepscan be taken to leverage the potential benefits of networking:  Selection criteria of entrepreneurs;  Criteria for placing firms in the building (both mature and incubater firms);  Industry  Technology  Complementarity of businesses  Complementarity of skills and competencies  Mechanisms of organized networking Concerning the resources offered by the incubator:  Eliminate the gap between the actual support offered and the way firms perceive it
  21. 21. Agenda Business incubators Main objectives Research site Findings Discussion Conclusion Next steps
  22. 22. Next steps Dimensions of networking to be explored in future studies:  Relationship between young firms and universities;  External networking:  How does the incubator promote external networking?  How cohabitation with mature firms helps giving young firms access to external networks?  Comparative studies between Portuguese business incubators
  23. 23. Thank you

×