In recent years, the number of business incubators across the globe has rapidly increased in a bid to support and develop young entrepreneurs and establish a brighter future against a backdrop of economic austerity. In new book Incubators of the World, innovation consultancy Arthur D. Little (ADL) and leading European business school ESCP Europe explore the best practices of global business incubators and ask whether such practices can be combined into a single global methodology.
The NBIA (National Business Incubation Association) in the US has estimated the number of business incubators worldwide at 7,000. Adapted to diverse territories and goals, they have been nurtured by and developed in response to local environments and culture.
However, in recent years, economic growth has become the key focus for most countries, and the need for innovation commonly recognised as a way to enhance development. Small businesses and start-ups are often at the heart of such innovation.
Incubators of the World identifies connections between global incubators in countries with differing economic, political, cultural and geographical situations through an analysis of common best practice techniques. Questions that the book addresses include:
“Based on our extensive research, the focus for this book was not to analyse incubation in general, but rather to present best practices from selected incubators across the globe in a format that is clear and concise,” comments Francois Deneux, Head of Strategy and Organisation at Arthur D. Little Paris and a co-author of the book.
“We hope that it proves a useful tool to budding entrepreneurs and business leaders alike,” continues Dr. Daniel Rouach, Professor at ESCP Europe and co-author of the book. “There has never been a more important time to promote the positive effects of nurturing business innovation.”
Incubators of the World is available to buy at http://www.pearson.fr/livre/?GCOI=27440100461530
About Arthur D. Little
Arthur D. Little, founded in 1886, is a global leader in management consultancy, linking strategy, innovation and technology with deep industry knowledge. We offer our clients sustainable solutions to their most complex business problems. Arthur D. Little has a collaborative client engagement style, exceptional people and a firm-wide commitment to quality and integrity. The firm has over 30 offices worldwide. With its partner Altran Technologies, Arthur D. Little has access to a network of over 17,000 professionals. Arthur D. Little is proud to serve many of the Fortune 100 companies globally, in addition to many other leading firms and public sector organizations.
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