A review of Business Incubator Model related Literature and Evolution

Business incubators (BI), accelerators (BA) and science parks (SP) are widely recognized as ways of fostering innovation and help economy growth. This paper presents a review of business incubator model related literature and evolution as part of a research aiming at the development of a functional model describing BI operation, identifying the points of need/provision of information as necessary to support decision-making for the management and monitoring of the system efficiency and effectiveness. The various definitions have already been discussed in a previous paper in the context of the same research while the proposed model and the derived metrics will be discussed in separate future papers based on the results of the current experimentation.