Business incubators should continue supporting the tenants after their graduation.
found that though incubated
rms demonstrate lower initial exit
rates compared to their non-incubated peers, these rates are increasing in post-incubation
and the difference is declining. It happens because companies leave a protected
environment created by the business incubator and face the liability of newness again.
Therefore, it is especially important to continue to support the graduates in the post-
internationalization by adding
elements in their own internal culture. For
this purpose, the business incubator could attract international employees in its
management team or as its internal experts and encourage international students to start
companies within the incubator.
Limitations and future research
The empirical work is based on a single case study; hence, the data cannot be generalized
also warns against inaccuracy in assessment of the business
s impact if the type of incubator is not taken into account. The incubator is a
public business incubator focusing on technology-oriented and knowledge-intensive start-
ups, which means that the
internal characteristics are already facilitating their rapid
Sharma and Blomstermo, 2003
). Moreover, the
incubator is located in Austria, which is a country with a small open economy, and
Downloaded by Victoria University of Wellington At 02:57 17 September 2018 (PT)