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and initial financial assets, and are one of the system indicators if the functioning of business
incubators is the accelerator of the development of start up companies.
The interaction between government and stakeholders
The government is by any measure, according to researches and the examples of good practice
in developed countries, the most important factor responsible for creating optimal conditions for
the development of the SME sector, for the survival of start up companies, as well as for
functioning of business incubators. Harmonizing legal regulations,as well as founding institutions
that professionally and responsibly monitor the functioning of incubators, by helping them to
achieve sustainability through easier system of financing, are the initial necessary step.
Strengthening the interrelations between universities and business incubators
Improving the academic
environment
Knowledge and new technologies are the initiators of the
new global economy
Technology transfer
Technology transfer from university to economy is the
creation of new industries and products
Commercialization
Regional economic development
Scientific researches at university as well as managing the
innovations and knowledge are key factors for both global
and regional development
In developming countries, most incubators are financed by the government. Nevertheless, it is
still not clear how the government spends money on incubators, particularly when having in mind
that most funds for foundation, promotion and development of incubators are integrated with
other financing programs through EU structure funds and regional development funds.
Alternative sources of funding (Seed Capital, Start-up Capital, Venture Capital, Angel Networks)
represent an extraordinary instrument for the sustainability of the incubator, as well as their
tenants.
It is clear that business incubation is becoming increasingly important in both the industrialized
world and in developing countries. The role of incubators is such that it has a positive effect on
local economic development. The question is whether incubators in general should be
sustained? The government should continue to subsidize incubators since they are already an
integral part of the infrastructure designed for progress as well as for the acceleration of the
Private sector,
mentoring, non-
financial politics
UNIVERSITY,
research,
studying
Society,
promoting
entrepreneurship
Networking,
professional
support services
GOVERNMENT,
supported
infrastructure
politics
of financing, are the initial necessary step.
In developming countries, most
incubators are financed by the government.
Nevertheless, it is still not clear how the
government spends money on incubators,
particularly when having in mind that
most funds for foundation, promotion and
development of incubators are integrated
with other financing programs through EU
structure funds and regional development
funds. Alternative sources of funding (Seed
Capital, Start-up Capital, Venture Capital,
Angel Networks) represent an extraordinary
instrument for the sustainability of the
incubator, as well as their tenants.
It is clear that business incubation is
becoming increasingly important in both
the industrialized world and in developing
countries. The role of incubators is such that
it has a positive effect on local economic
development. The question is whether
incubators in general should be sustained?
The government should continue to subsidize
incubators since they are already an integral
part of the infrastructure designed for
progress as well as for the acceleration of the
development of start-up companies, as tenants
of the incubators. Therefore, their number will
continue to grow.
U zemljama u razvoju veinu inku-
batora finansira drzava. Meutim i dalje
nije jasno kako drzava trosi novac na inku-
batore, narocito ako se uzme u obzir da je
veina fondova za osnivanje, promociju i
razvoj inkubatora integrisana sa ostalim pro-
gramima finansiranja kroz EU strukturne
fondove i regionalne fondove za razvoj. Al-
ternativni izvori finansiranja (Seed capital,
Start-up capital, Venture capital, Angel net-
works) predstavljaju izuzetan instrument
za odrzivost inkubatora, a takoe i njihovih
stanara.
Jasno je da biznis inkubacija postaje
sve znacajnija kako u industrijalizovanom
svetu tako i u zemljama u razvoju. Uloga
inkubatora je takva da utice pozitivno na
lokalno ekonomski razvoj. Postavlje se pi-
tanje da li inkubatori uopste i treba da budu
odrzivi? Drzava treba i dalje u jednom delu
da subvencionise inkubatore, jer je ve deo
infrastrukture namenjen napretku i akcele-
raciji razvoja Start up firmi kao stanara inku-
batora. Samim tim njihov broj e nastaviti da
raste.