Comparative Analysis of the Impact of the Business Incubator Center on the Economic Sustainable Development of Regions in USA and Poland
Abstract
:1. Introduction
- What are social, organizational, scientific and financial aspect of functioning academic business incubator centers in USA and Poland?
- What are differences in functioning business incubator centers in USA and Poland?
- What best practices we can distinguish on the bases of our analysis?
2. Literature Review
- new products,
- new production methods,
- new markets,
- new form of organization.
3. Materials and Methods
- to reflect every aspect of economic growth, including social, organizational, technical/scientific and financial,
- to be objective and directly measurable by either using quantitative or qualitative method of assessment,
- to be independent from each other, so that each one of them measures a different aspect of economic growth,
- to allow for direct comparison between the two selected business incubator centers located in two different countries.
- social indicators,
- organizational/procedural indicators,
- scientific/technical indicators,
- financial indicators.
4. Results
Approximately 90 entrepreneurs annually receive assistance from a business incubator center in the form of an evaluation of their inventions or business ideas. In addition, 50 entrepreneurs receive help in the development of a business plan. At the present time, there are 12 companies in the incubation stage and eight companies in the post-incubation stage. The success rate during the incubation stage is 66% (Table 3). The office of CAN-BE is open 40 h per week with two full-time employees.(Director, Administrative Assistant)
5. Discussion
- social indicators,
- organizational/procedural indicators,
- scientific/technical indicators,
- financial indicators.
- Diversity enhances innovativeness and allows for an approach from a different perspective (thinking outside of the box).
- Diversity is viewed as a very positive factor during the review of an application for public funding.
6. Conclusions
Author Contributions
Funding
Conflicts of Interest
References
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Set of Indicators | Indicators |
---|---|
Social Indicators |
|
Organizational/Technical Indicators |
|
Scientific/Technical Indicators |
|
Financial Indicators |
|
Indicators | Method of Assessment of the Indicators’ Assessment | Assessment Number |
---|---|---|
The number of new jobs created by start-up companies during the incubation period (1–3 years). | This indicator was assessed by administering the survey and conducting interviews with companies in the incubation stage. | 30 jobs over 3-year incubation period 10 jobs/year(average) |
The number of jobs created by new companies during the post-incubation period (3–6 years). | This indicator was assessed by administering the survey and conducting interviews with companies in the post incubation stage. | 18 jobs over 3-year post-incubation period. 6 jobs/year(average) |
The number of students finding part-time employment or paid internship in start-up companies. | This indicator was assessed by administering the survey and conducting interviews with companies in the incubation stage. | 20 students over 3-year incubation period. 6.66 students/year (average) |
The number of graduates finding full-time employment in start-up companies during the incubation period (1–3 years). | This indicator was assessed by administering the survey and conducting interviews with companies in the incubation stage. | 0 (none) |
The number of graduates finding full-time employment in new companies in the post-incubation period (3–6 years). | This indicator was assessed by administering the survey and conducting interviews with companies in the post incubation stage. | 2 jobs over 3-year post-incubation period. 0.66 jobs/year(average) |
The percentage of start-up companies owned by women. | This indicator was assessed by conducting interviews with the personnel of the business incubator center. Business Incubator Center in Hazleton is in possession of the statistical data. That statistical data is collected by CAN-BE to be included in the proposals for public funding. | 8% |
The percentage of start-up companies owned by underrepresented minorities. | This indicator was assessed by conducting interviews with the personnel of the business incubator center. Business Incubator Center in Hazleton is in possession of the statistical data. That statistical data is collected by CAN-BE to be included in the proposals for public funding. | 8% |
The percentage of start-up companies owned by immigrants. | This indicator was assessed by conducting interviews with the personnel of the business incubator center. Business Incubator Center in Hazleton is in possession of the statistical data. That statistical data is collected by CAN-BE to be included in the proposals for public funding. | 8% |
Indicators | Method of Assessment of the Indicators’ Assessment | Assessment Number |
---|---|---|
Annual number of clients receiving help from the business incubator center related to the evaluation of an invention/business idea during the beginning stage. | This indicator was determined by interview with personnel of the business incubator center. Business incubator center is keeping record of this data and using them when applying for public funding. | 90 (average) |
Annual number of clients receiving help from the business incubator center related to the development of a business plan or business model (before the incubation stage). | This indicator was determined by interview with personnel of the business incubator center. Business incubator center is keeping record of this data and using them when applying for public funding. | 50 (average) |
Number of start-up companies during the incubation period (1–3 years) and their success rate, that is, the percentage of companies who have graduated from the business incubator center. | This indicator was determined by interview with personnel of the business incubator center. Business incubator center is keeping record of this data and using them when applying for public funding. | 12 companies 66% success rate |
Number of companies receiving assistance from the business incubator center during the post-incubation stage (3–6 years). | This indicator was determined by interview with personnel of the business incubator center. Business incubator center is keeping record of this data and using them when applying for public funding. | 8 companies |
Number of full-time staff employed by the business incubator center. | Taken from the directory of the business incubator center. | 2 full-time staff |
Number of weekly hours that the staff of the business incubator center is available. | As posted in the business incubator center. | 40 h weekly |
Indicators | Method of Assessment of the Indicators’ Assessment | Assessment Number |
---|---|---|
Number of faculty from the local university cooperating with the volunteers at the business incubator center. | This indicator was determined by administering the survey and interview with faculty, students, volunteers, and the personnel of the business incubator center. | 4 faculty |
Annual number of students doing projects which benefit start-up companies in the business incubator center. | This indicator was determined by administering the survey and interview with faculty, students, volunteers, and the personnel of the business incubator center. | 35–40 students |
Number of providing services to the business incubator center, engineers, lawyers, accountants, business leaders, etc. | This indicator was determined by administering the survey and interview with faculty, students, volunteers, and the personnel of the business incubator center. | 10–15 volunteers |
Annual number of innovative projects/technologies implemented by start-up companies. | Determined by administering the survey and interview with tenant companies of the business incubator center. | 8 innovative projects Annually |
Annual number of training workshops for new entrepreneurs sponsored by the business incubator center (or annual number of participants attending those workshops). | This data is available in statistics of the business incubator center. | 120 participants annually |
Indicators | Method of Assessment of the Indicators’ Assessment | Assessment Number |
---|---|---|
Average cost of creating a new job by a start-up company during the incubation stage. | Cost of operating the business incubator divided by the number of jobs created (annually). | $21,000/job |
Annual budget of the business incubator center and level of subsidy from public and private sources. | Budget of CAN-BE incubator center is available to the public. | $210,000 Annually |
Cost of services provided by the business incubator center. | Provided by business incubator center | Up to 1000 $/month per firm |
Tax incentives for start-up companies during the incubation stage and post-incubation stage. | Companies in CAN-BE business incubator center are released from paying taxes over a period of 10 years. | Released from paying any corporate income taxes for 10 years |
Annual level of subsidy for start-up companies from regional workforce development funds or economic development funds. | Determined by interview with tenant companies in CAN-BE business incubator center. | $4000/new created job |
Indicators | Method of Assessment of the Indicators’ Assessment | Assessment Number |
---|---|---|
The number of new jobs created by start-up companies during the incubation period (1–3 years). | This indicator was assessed by administering the survey and conducting interviews with companies in the incubation stage. | 36 jobs over 3-year incubation period 12 jobs/year (average) |
The number of jobs created by new companies during the post-incubation period (3–6 years). | This indicator was assessed by administering the survey and conducting interviews with companies in the post incubation stage. | 16 jobs over 3-year post-incubation period. 5.3 jobs/year (average) |
The number of students finding part-time employment or paid internship in start-up companies. | This indicator was assessed by administering the survey and conducting interviews with companies in the incubation stage. | 15 students over 3-year incubation period. 5 students/year (average) |
The number of graduates finding full-time employment in start-up companies during the incubation period (1–3 years). | This indicator was assessed by administering the survey and conducting interviews with companies in the incubation stage. | 8 graduates over 3-year incubation period. 2.7 graduates/year |
The number of graduates finding full-time employment in new companies in the post-incubation period (3–6 years). | This indicator was assessed by administering the survey and conducting interviews with companies in the post incubation stage. | 4 jobs over 3-year post-incubation period. 1.33 jobs/year (average) |
The percentage of start-up companies owned by women. | This indicator was assessed by administering the survey and conducting interviews with the personnel at the business incubator center. | 5% |
The percentage of start-up companies owned by underrepresented minorities. | N/A | N/A |
The percentage of start-up companies owned by immigrants. | N/A | N/A |
Indicators | Method of Assessment of the Indicators’ Assessment | Assessment Number |
---|---|---|
Annual number of clients receiving help from the business incubator center related to the evaluation of an invention/business idea during the beginning stage. | This indicator was determined by interview with personnel of the business incubator center. Business incubator center is keeping record of this data and using them when applying for public funding. | 100 clients |
Annual number of clients receiving help from the business incubator center related to the development of a business plan or business model (before the incubation stage). | This indicator was determined by interview with personnel of the business incubator center. Business incubator center is keeping record of this data and using them when applying for public funding. | 35 clients |
Number of start-up companies during the incubation period (1–3 years) and their success rate, that is, the percentage of companies who have graduated from the business incubator center. | This indicator was determined by interview with personnel of the business incubator center. Business incubator center is keeping record of this data and using them when applying for public funding. | 12 companies 91.7% success rate |
Number of companies receiving assistance from the business incubator center during the post-incubation stage (3–6 years). | This indicator was determined by interview with personnel of the business incubator center. Business incubator center keeps a record of this data and uses them when applying for funding. | 11 companies |
Number of full-time staff employed by the business incubator center. | Taken from the directory of the business incubator center. | 8 |
Number of weekly hours that the staff of the business incubator center is available. | As posted in the business incubator center. | 80 |
Indicators | Method of Assessment of the Indicators’ Assessment | Assessment Number |
---|---|---|
Number of faculty from the local university cooperating with the business incubator center. | This indicator was determined by administering the survey and interview with faculty, students, volunteers, and the personnel of the business incubator center. | 0—Politechnika Śląska does not have any full-time faculty maintaining a presence at the incubator. |
Annual number of students doing projects which benefit start-up companies in the business incubator center. | This indicator was determined by administering the survey and interview with faculty, students, volunteers, and the personnel of the business incubator center. | 3–4 students |
Number of volunteers providing services to the business incubator center, engineers, lawyers, accountants, business leaders, etc. | This indicator was determined by administering the survey and interview with faculty, students, volunteers, and the personnel of the business incubator center. | 6 volunteers |
Annual number of innovative projects/technologies implemented by start-up companies. | Determined by administering the survey and interview with tenet companies of the business incubator center. | 20 projects/technologies |
Annual number of training workshops for new entrepreneurs sponsored by the business incubator center (or annual number of participants attending those workshops). | This data is available in statistics of the business incubator center. | 100 participants annually |
Indicators | Method of Assessment of the Indicators’ Assessment | Assessment Number |
---|---|---|
Average cost of creating a new job by a start-up company during the incubation stage. | Cost of operating the business incubator divided by the number of jobs created (annually). | $4200/job (17,000 zl/job) |
Annual budget of the business incubator center and level of subsidy from public and private sources. | Budget of Technopark incubator center. | $50,000 Annually (200,000 zl Annually) |
Cost of services provided by the business incubator center. | Provided by business incubator center | Up to 350 $/month per firm |
Tax incentives for start-up companies during the incubation stage and post-incubation stage. | No tax incentives. | None |
Annual level of subsidy for start-up companies from regional workforce development funds or economic development funds. | Determined by interview with tenant companies in Technopark business incubator center. | None |
Indicators | CAN-BE Hazleton | Technopark Gliwice | Comparison |
---|---|---|---|
The number of new jobs created by start-up companies during the incubation period (1–3 years). | 10 jobs/year (average) | 12 jobs/year (average) | Technopark 2 more |
The number of jobs created by new companies during the post-incubation period (3–6 years). | 6 jobs/year (average) | 5.3 jobs/year (average) | CAN-BE 0.7 more |
The number of students finding part-time employment or paid internship in start-up companies. | 6.66 students/year | 5 students/year | CAN-BE 1.33 more |
The number of graduates finding full-time employment in start-up companies during the incubation period (1–3 years). | 0 graduates | 2.7 graduates | Technopark 2.7 more |
The number of graduates finding full-time employment in new companies in the post-incubation period (3–6 years). | 0.66 graduates | 1.33 graduates | Technopark 0.66 more |
The percentage of start-up companies owned by women. | 8% | 5% | CAN-BE 3% more |
The percentage of start-up companies owned by underrepresented minorities. | 8% | N/A | N/A |
The percentage of start-up companies owned by immigrants. | 8% | N/A | N/A |
Indicators | CAN-BE Hazleton | Technopark Gliwice | Comparison |
---|---|---|---|
Annual number of clients receiving help from the business incubator center related to the evaluation of an invention/business idea during the beginning stage. | 90 clients | 100 clients | Technopark 10 more |
Annual number of clients receiving help from the business incubator center related to the development of a business plan or business model (before the incubation stage). | 50 clients | 35 clients | CAN-BE 15 more |
Number of start-up companies during the incubation period (1–3 years) and their success rate, that is, the percentage of companies who have graduated from the business incubator center. | 12 companies 66% success rate | 12 companies 91.7% success rate | Technopark 25.7% more |
Number of companies receiving assistance from the business incubator center during the post-incubation stage (3–6 years). | 8 companies | 11 companies | Technopark 3 more |
Number of full-time staff employed by the business incubator center. | 2 full-time | 8 full-time | Technopark 6 more |
Number of weekly hours that the staff of the business incubator center is available. | 40 h/week | 80 h/week | Technopark 40 h/week more |
Indicators | CAN-BE Hazleton | Technopark Gliwice | Comparison |
---|---|---|---|
Number of faculty from the local university cooperating with the business incubator center. | 4 faculty | 0 faculty | CAN-BE 4 more |
Annual number of students doing projects which benefit start-up companies in the business incubator center. | 35–40 students | 3–4 students | CAN-BE 31–37 more |
Number of volunteers providing services to the business incubator center, engineers, lawyers, accountants, business leaders, etc. | 10–15 volunteers | 6 volunteers | CAN-BE 4–9 more |
Annual number of innovative projects/technologies implemented by start-up companies. | 8 projects | 20 projects | Technopark 12 more |
Annual number of training workshops for new entrepreneurs sponsored by the business incubator center (or annual number of participants attending those workshops). | 120 participants | 100 participants | CAN-BE 20 more |
Indicators | CAN-BE Hazleton | Technopark Gliwice | Comparison |
---|---|---|---|
Average cost of creating a new job by a start-up company during the incubation stage. | $21,000/year | $4200/year (17,000 zl/year) | CAN-BE $16,800 more |
Annual budget of the business incubator center and level of subsidy from public and private sources. | $210,000/year | $50,000/year 200,000 zl/year | CAN-BE $160,000 more |
Cost of services provided by the business incubator center. | very similar | ||
Tax incentives for start-up companies during the incubation stage and post-incubation stage. | Released from paying any corporate income taxes for 10 years | None | N/A |
Annual level of subsidy for start-up companies from regional workforce development funds or economic development funds. | $4000/new created job | None | N/A |
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Olkiewicz, M.; Wolniak, R.; Eva-Grebski, M.; Olkiewicz, A. Comparative Analysis of the Impact of the Business Incubator Center on the Economic Sustainable Development of Regions in USA and Poland. Sustainability 2019, 11, 173. https://doi.org/10.3390/su11010173
Olkiewicz M, Wolniak R, Eva-Grebski M, Olkiewicz A. Comparative Analysis of the Impact of the Business Incubator Center on the Economic Sustainable Development of Regions in USA and Poland. Sustainability. 2019; 11(1):173. https://doi.org/10.3390/su11010173
Chicago/Turabian StyleOlkiewicz, Marcin, Radosław Wolniak, Michaline Eva-Grebski, and Anna Olkiewicz. 2019. "Comparative Analysis of the Impact of the Business Incubator Center on the Economic Sustainable Development of Regions in USA and Poland" Sustainability 11, no. 1: 173. https://doi.org/10.3390/su11010173
APA StyleOlkiewicz, M., Wolniak, R., Eva-Grebski, M., & Olkiewicz, A. (2019). Comparative Analysis of the Impact of the Business Incubator Center on the Economic Sustainable Development of Regions in USA and Poland. Sustainability, 11(1), 173. https://doi.org/10.3390/su11010173