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The Challenges Of Business Incubation: A Case Of Malaysian Incubators

Table 1:

First Generation Second Generation Third Generation
Goal Non-profit Non-profit/For-profit Non-profit/For-profit
Type of Incubator Multi-purpose incubators Specialized incubators Technology incubators
Main Activity Mixed users Technology-based users High technology-based users
Objectives Economic development and restructuring estate centers Commercialization of innovation and technologies Access to networks and move towards accelerators
Key value proposition Physical infrastructure and office support services Business and technical assistance, coaching and training support Access to technological, professional, and financial networks
Theoretical rational Economies of scale Accelerating the learning curve Access to external resources, knowledge, and legitimacy
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