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Entrepreneurial Empowerment: Maximizing Potential Through Business Incubators

Entrepreneurial Empowerment: Maximizing Potential Through Business Incubators
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Author(s): Lakshmi Prasad Panda (Government College of Engineering, Kalahandi, India), Kali Charan Rath (Gandhi Institute of Engineering and Technology University, Gunupur, India)and N. V. Jagannadha Rao (Gandhi Institute of Engineering and Technology University, Gunupur, India)
Copyright: 2025
Pages: 28
Source title: Promoting Entrepreneurship and Innovation Through Business Incubation
Source Author(s)/Editor(s): Logaiswari Indiran (Universiti Teknologi Malaysia, Malaysia)and Ramakrishna Yanamandra (Skyline University College, UAE)
DOI: 10.4018/979-8-3693-4302-9.ch001

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Abstract

Business incubators help the economy of the nation through business growth. It helps to the next generation of entrepreneurs. This chapter explores how incubators help early-stage enterprises with networking, mentorship, resources, and education. It takes a look at how brooding procedures are changing, including the utilization of virtual and cross breed models, new innovation, and an emphasis on friendly impact and supportability. This chapter brings together perspectives from academia, business, and government to improve understanding of the creation of incubation system and its role in promoting development, job creation, and financial development. Practical recommendations are made to improve the manageability and viability of business visionary projects for the upcoming generation of business futurists.

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