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Purpose : This study examined how Indian business incubators foster innovation and technological growth. Given India’s growing economy and burgeoning startup scene, it is imperative to comprehend the role of business incubators.Methodology : A thorough literature research and case study analysis were used to determine the effect of business incubators. The study assessed their contributions to financial access, mentorship, collaboration facilitation, and innovation support.Findings : As essential components of India’s entrepreneurial ecosystem, business incubators have been shown to be effective in fostering innovation and directing the expansion of start-ups. Their contributions to fostering partnerships, guaranteeing mentorship, and streamlining financing availability stood out as noteworthy highlights. However, a number of issues that these incubators encountered also surfaced.Practical Implications : Acknowledging and enhancing the advantages of business incubators may help to establish India as a center for innovation. Resolving these issues might result in a start-up environment that is more influential and long-lasting. The results opened the door for stakeholders and policymakers to increase the efficacy of the incubation model.Originality : While numerous studies discussed the start-up ecosystem in India, this work offered a comprehensive understanding of business incubators’ instrumental role in fostering innovation and technology advancement.
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Dikshit et al. (2023) studied this question.
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