Imperial College London
Portrait Picture

Bart Clarysse (visiting)

Business School

Chair in Entrepreneurship
 
 
 
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Contact

 

+44 (0)20 7594 9850b.clarysse

 
 
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Location

 

389Business School BuildingSouth Kensington Campus

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Summary

 

Publications

Citation

BibTex format

@article{Yusubova:2019:10.1111/radm.12378,
author = {Yusubova, A and Andries, P and Clarysse, B},
doi = {10.1111/radm.12378},
journal = {R & D MANAGEMENT},
pages = {803--818},
title = {The role of incubators in overcoming technology ventures' resource gaps at different development stages},
url = {http://dx.doi.org/10.1111/radm.12378},
volume = {49},
year = {2019}
}
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RIS format (EndNote, RefMan)

TY  - JOUR
AB  - Although incubation is considered important for overcoming resource challenges in technology ventures’ early life, there is a doubt about its relevance in later development stages, when the initial idea is commercialized and the venture tries to grow. Building on the resourcebased view of the firm and on a stagebased perspective of venture development, this study argues that the resource gaps facing technology ventures differ between different development stages, and that the support provided by incubators therefore needs to be adapted to the venture’s development stage. We study the interaction between the iMinds incubator, located in Flanders, and eight technology ventures in its portfolio. In the Conception and Development stage, we observe resource gaps in terms of technical knowledge and access to end users, which the incubator addresses by offering direct technical support and access to its research and end user network. The subsequent Commercialization stage is dominated by business knowledge gaps, which the incubator amends through direct coaching and trainings. In the Growth stage, ventures typically lack the necessary team members, market players, and followup financiers to grow their firm. The incubator addresses these resource gaps by providing access to its network. In all development stages, the incubator’s internal knowledge base, networking capabilities, and matching focus/selectivity are crucial in order for ventures to benefit from the incubator’s support. Our study suggests that these underlying capabilities can either be developed organically, or through the merger of different research institutes. Moreover, it points to the importance of local embeddedness for the geographical extension of these capabilities. These findings contribute to the literature on incubation and on venture development. They have important implications for policy makers, incubation managers, and entrepreneurs seeking incubation support.
AU  - Yusubova,A
AU  - Andries,P
AU  - Clarysse,B
DO  - 10.1111/radm.12378
EP  - 818
PY  - 2019///
SN  - 0033-6807
SP  - 803
TI  - The role of incubators in overcoming technology ventures' resource gaps at different development stages
T2  - R & D MANAGEMENT
UR  - http://dx.doi.org/10.1111/radm.12378
UR  - http://gateway.webofknowledge.com/gateway/Gateway.cgi?GWVersion=2&SrcApp=PARTNER_APP&SrcAuth=LinksAMR&KeyUT=WOS:000491430300009&DestLinkType=FullRecord&DestApp=ALL_WOS&UsrCustomerID=1ba7043ffcc86c417c072aa74d649202
UR  - https://onlinelibrary.wiley.com/doi/full/10.1111/radm.12378
VL  - 49
ER  -
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