Conceptual Framework and Analisys of the Business Incubation Process

The main stages of the study and analysis of the business incubation process (in the relevant organizations) are presented, both from the perspective of a resident and from the side of a business incubator. The accepted approach to the specifics and characteristics of the leading business incubators / accelerators and other similar organizations from the point of view of project management is explained. In the process of research, a review of academic works and sources of professional associations / institutional organizations was carried out, in which the existing definitions of a business incubator are analyzed, an overview of the organization / business model (business incubator) is provided together with data collection (from interviews and questionnaires). The most famous business incubation programs have been studied. A functional model of a business incubator has been obtained, as well as a set of key performance indicators (KPIs) and metrics that can be useful for a business incubator to achieve effective company management.