Theoretical and methodological approaches on the evaluation of business incubatorst

Abstract

The experience of developed countries on business incubators reveal that these establishments enable the entrepreneurs to focus on business development, job creation, and help foster interactions between entrepreneurs in a dynamic and innovative environment, which ultimately leads to the creation of small and medium sustainable entreprises. The incubator’s intensity and successful promotion of viable businesses depends on their level of development and quality. Therefore, for the evaluation of business incubators it is required to use certain indicators in order to detect factors that hinder their effectiveness. The success of a business incubator is its value to the economic environment and the ability to react quickly to changing external conditions.