Objectives of incubation programs Start-up incubators support the creation and growth of business through organizational and technical assistance, which at the same time contributes to the reduction of entrepreneurial failure.
Dee, N., Gill, D., Lacher, R., Livesey, F., & Minshall, T. (2019). A review of research on the role and effectiveness of business incubation for high-growth start-ups.
Eveleens, C. P., van Rijnsoever, F. J., & Niesten, E. M. (2017). How network-based incubation helps start-up performance: a systematic review against the background of management theories. The Journal of Technology Transfer, 42(3), 676-713.
I totally agree with Gayan Nayanajith. However, business incubators face a lot of problems especially in developing economies where they are most needed. The problems range from financing, to organisational management to government support among others. They are also not well embraced by their beneficiaries-MSMEs which makes them not achieve their desired objectives