The co-evolution of business incubation and national innovation systems in Taiwan

Fu Sheng Tsai, Linda H.Y. Hsieh, Shih Chieh Fang, Julia L. Lin

Research output: Contribution to journalArticlepeer-review

60 Citations (Scopus)

Abstract

Incubation has already proven to be of great value in promoting small and medium enterprise (SME) entrepreneurship activities and technological development in developed and developing countries. Incubation not only provides a diversified and integrated service for entrepreneurial ventures but also contributes upward to regional and national innovation and economic growth. Building upon the logic of co-evolution theory, this paper argues that incubation acts at the meso-level as a critical interface between macro-innovation systems and micro-business ventures. These multi-directional coupling elements in innovation ecology co-evolve to achieve collective interests and excellence, which in turn may stimulate technological development and social change. Important processes/mechanisms, including a policy kit and action, strategic networking, supportive associations, knowledge and intellectual capital management, among others, are discussed. Drawing on the national innovation system (NIS) and business incubation (BI) experience in Taiwan, we discuss the future prospects of incubation and innovation policies, including industrializing and globalizing incubation activities and virtual business incubation.

Original languageEnglish
Pages (from-to)629-643
Number of pages15
JournalTechnological Forecasting and Social Change
Volume76
Issue number5
DOIs
Publication statusPublished - 2009

All Science Journal Classification (ASJC) codes

  • Business and International Management
  • Applied Psychology
  • Management of Technology and Innovation

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