Attributes of Business Incubators: A Conjoint Analysis of Venture Capitalist’s Decision Making

Michele Manconi, Salvatore Bellomo, Anna Nosella and Lara Agostini
Additional contact information
Michele Manconi: Department of Management and Engineering, University of Padova, 35131 Padova, Italy
Salvatore Bellomo: Department of Management and Engineering, University of Padova, 35131 Padova, Italy
Anna Nosella: Department of Management and Engineering, University of Padova, 35131 Padova, Italy
Lara Agostini: Department of Management and Engineering, University of Padova, 35131 Padova, Italy

JRFM, 2022, vol. 15, issue 5, 1-16

Abstract: Startups contribute significantly to the economic development of a country. Despite their importance and promising future, they are extremely fragile, mainly for their lack of tangible and intangible resources. Since this can be obtained through an incubation process, business incubators (BIs) could have a significant impact on the survival rate of startups. Once defined their core structure and value proposition, there are other players, such as venture capitalists who could guarantee the funds necessary to make the startup’s business grow over time. Drawing on the resource-based view theory, this research explores whether some BIs could represent a certification of startup quality for venture capitalists (VCs). Specifically, we investigate whether some specific attributes of BIs increase the probability that a VC funds startups after being incubated; to this purpose, we carry out an experiment on a European sample of VCs. Results demonstrate that some characteristics of the BI can produce a sort of certification effect to the incubated startups, increasing the probability of being funded by VCs.

Keywords: business incubator; venture capital; conjoint analysis (search for similar items in EconPapers)
JEL-codes: C E F2 F3 G (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
https://www.mdpi.com/1911-8074/15/5/213/pdf (application/pdf)
https://www.mdpi.com/1911-8074/15/5/213/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jjrfmx:v:15:y:2022:i:5:p:213-:d:809967

Access Statistics for this article

JRFM is currently edited by Ms. Chelthy Cheng

More articles in JRFM from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().