Capability Assessment toward Sustainable Development of Business Incubators: Framework and Experience Sharing

Business incubators have been widely developed to advise, support, promote, and provide a nurturing environment for new business start-ups and entrepreneurs. The development of a framework for capability assessment allows the management of each incubator to understand its strengths and room for further improvement. Moreover, assessment results across a community, such as a nation or state, can provide insights into resource allocation and various management policies so that policymakers can support the development of business incubators under their supervision. This article describes the development of a capability assessment framework for business incubators (BIs) in Thailand. A case study demonstrating how the capability assessment is analyzed is also presented in the article.

Automated summary

Business incubators play a crucial role in supporting new business start-ups and entrepreneurs. Utilizing a capability assessment framework helps incubator management identify strengths and areas for improvement. Assessment results across a community can inform resource allocation and policy-making decisions for supporting incubator development.