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Identifying new dimensions of business incubation: a multi-level analysis of Karolinska Institute’s incubation system
Uppsala University, Disciplinary Domain of Science and Technology, Technology, Department of Engineering Sciences, Industrial Engineering & Management.
Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Economic History, Science and Technology Studies Center.
2016 (English)In: Technovation, ISSN 0166-4972, E-ISSN 1879-2383, Vol. 50-51, 53-68 p.Article in journal (Refereed) Published
Abstract [en]

Relying on an in-depth case study of the incubator related to the Swedish medical university Karolinska Institute's (KI), this paper identifies new analytical and strategic dimensions of incubation. Departing from the current literature's prevalent focus on incubators as organizations performing a predefined set of activities for incubatees (facility renting, coaching, training and connecting), we perform a multilevel analysis embracing, next to the organizational and the project-specific levels, also the broader institutional and inter-organizational level. Our analysis relies on seven key components of incubation, namely its time, place, sources, resources, control/governance, activities/services and outcomes. Further, we view incubators as strategic actors engaged in value creation on a broader arena than the strict incubation context, even an international arena, where incubators' choices and interactions can be analyzed with the help of concepts from various streams in the business strategy literature. The specific strategic drivers of business incubation that we identify in the KI incubator's case are six: positioning in the value chain, risk taking/time perspective, revenue model, governance/control, internationalization, and cooperation/competition. The paper concludes with managerial implications urging incubators to take more of a strategic perspective rather than focussing only on the established components of their operations.

Place, publisher, year, edition, pages
2016. Vol. 50-51, 53-68 p.
Keyword [en]
Karolinska Institute; Incubator; Incubation system; Value creation; Strategy; Network; Pharmaceutical
National Category
Social Sciences Interdisciplinary Engineering and Technology
URN: urn:nbn:se:uu:diva-267408DOI: 10.1016/j.technovation.2015.08.003ISI: 000375358700006OAI: oai:DiVA.org:uu-267408DiVA: diva2:873048
Available from: 2015-11-23 Created: 2015-11-23 Last updated: 2016-06-27Bibliographically approved

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Baraldi, EnricoIngemansson Havenvid, Malena
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