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START-UP PROMOTION FOR ENTREPRENEURIAL RESILIENCE

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Selection

University business incubators are a particular type of incubator, situated within Universities. Given that small and medium-sized businesses, of which start-ups are a part, are widely accepted as making contribution to a region’s economic development through unemployment reduction and inbound investments, it might at first be considered useful for alI university incubators to offer places to all aspiring entrepreneurs to develop their business. However, in reality this is not the case. Aside from the obvious capacity issues, it is often the case that business ideas are not viable, individuals may not be suited to a particular environment or that the specialisms within an incubator may not match that of a potential start-up. Therefore, some form of incubatee selection becomes a factor and, within Europe, it can be seen that 97% of incubators utilise a selection process to evaluate potential incubatees.



Selection therefore is the decision concerning which of those ventures should be accepted for incubation and which should be rejected.



Incubatee selection is a set of decisions made by an incubation Manager in the role of the final decision maker on which incubatees and start-ups the incubator is willing to allow entry to its programme.



Whilst incubatee selection is an extremely important management task and a consideration for Managers of incubators for a range of reasons, it should be noted that a selection process can only be imposed where an incubator is in a position to afford the turning away of potential clients.




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This is the first version of SUPER Toolkit.
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