Significant Contributions of University Business Incubators in Enhancing the Business Graduates’ Employability and Technopreneurship

Authors

  • Renalee V. Valenzuela Faculty member, College of Business Education N ueva Vizcaya State University (NVSU) 3711 Bayombong, Nueva Vizcaya, Philippines Author

DOI:

https://doi.org/10.11594/ijmaber.03.07.18

Keywords:

entrepreneurial universities, technology transfer, university-based incubator

Abstract

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

Download data is not yet available.

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

2022-07-14

How to Cite

Valenzuela, R. V. (2022). Significant Contributions of University Business Incubators in Enhancing the Business Graduates’ Employability and Technopreneurship. International Journal of Multidisciplinary: Applied Business and Education Research, 3(7), 1390-1406. https://doi.org/10.11594/ijmaber.03.07.18