Significant Contributions of University Business Incubators in Enhancing the Business Graduates’ Employability and Technopreneurship
DOI:
https://doi.org/10.11594/ijmaber.03.07.18Keywords:
entrepreneurial universities, technology transfer, university-based incubatorAbstract
This study determined the significant contributions of university business incubators (UBIs) in selected higher education institutions in Region II to the business graduates’ employability and technopreneurship. The study also highlights the present situation of the UBIs and the involvement of the business graduates. The method used in the study were mixed quantitative and qualitative analysis. Data were gathered through the administration of a researcher-made questionnaire, interviews, and focus group discussions. Moreover, descriptive statistics were used for the quantitative part, while thematic analysis using in-vivo and free coding was used for the qualitative part. Results revealed that the UBIs under study have adequate facilities and services, develop utility models and seek patents for innovations, assist technopreneurs, start-ups, and businesses, and develop products for different industries. Best practices and challenges were also identified. Involvement with UBIs by business students was self-perceived as high extent, while BI personnel perceived it as low extent. The results led to the development of the UBI's significant contribution model in enhancing the knowledge and skills of the business graduates' employability and technopreneurship. It is pinpointed that BIs can enhance the learning experience of business students through immersion, including it in the development or enhancement of curricula, and developing clear policies and guidelines will benefit business students and other stakeholders.
Downloads
References
Hassan, N.A. (2020) University business incubators as a tool for accelerating entrepreneurship: theoretical perspective, Review of Economics and Political Sci-ence, Vol. ahead-of-print No. ahead-of-print. https://doi.org/10.1108/REPS-10-2019-0142
Alinsunod, J., Esponilla II, F., Ignacio, H., de Guzman, H., Dela Cruz, K., & Valenzuela, I. (2019). Best prac-tices of technology business incubators in the Philippines. International Journal of Advanced Trends in Computer Science and Engineering. 8(5), 2315-2321. https://doi.org/10.30534/ijatcse/2019/7085201 9
Cruz, C., O’Loughlin, T., & Loreto, A. (2020). Technology business incubation in a Philippine State Universi-ty: Lesson learned from South Australia-based leading technology business incubator. Review of Socio-Economic Research and Development Studies. 4(1), 1-19. https://ssrn.com/abstract=3804201
Esponilla, F., Alinsunod, J., Ignacio, H., de Guzman, H., de Guzman, E., Dela Cruz, K., & Valenzuela,I. (2019). Issues and Challenges of Technology Business In-cubators in the Philippines. International Journal of Emerging Trends in Engineering Research. 7(9), 2347-3983, http://www.warse.org/IJETER/static/pdf/file/ij eter20792019.pdf
Foo, H., & Turner, J. (2019). Entrepreneurial learning – The role of university led business incubators and mentors in equipping graduates with the neces-sary skills set for industry 4.0.
International Journal of Education, Psychology and Counseling, 4(30), 283-298. https://www.ijepc.com
Hassan, N. (2020). University business incubators as a tool for accelerating entrepreneurship: theoretical perspective. Emerald Publishing Limited. 7(2). https://www.emerald.com/insight/2631- 3561.html
Ignacio, H., Alinsunod, J., Esponilla II, F., De Guzman, H., Cabarrubias, K., & Borjal, E. L. & Valenzuela, I. (2019). Issues and Challenges of Technology Busi-ness Incubators in the Philippines. IJETER, 7(1),353-359. https://www.DOI:10.30534/ijeter/2019/207920 19
Lose, T. & Tengeh, R. (2015). The sustainability and challenges of business incubators in the Western Cape Province, South Africa. Sustainability 2015. 7(10), 14344-14357. https://www.doi:10.3390/su71014344
Palina, J. (2013). Exploring and evolving a business in-cubation model for higher education institutions. https://animorepository.dlsu.edu.ph/etddoctoral/351
Saptono, A., Suparno., Disman., & Herlita (2020). Devel-oping a business incubation model in higher edu-cation: The case of faculty of economics universi-tas Negeri Jakarta. Humanities and Social Sciences Reviews 8(4). https://doi.org/10.18510/hssr.2020.84117
Downloads
Published
Issue
Section
License
Authors who publish with this journal agree to the following terms:
Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See the Effect of Open Access).