The Impact of Business Incubation Programmes on Start-up Success and Economic Growth in Indonesia
DOI:
https://doi.org/10.58812/wsjee.v2i04.1406Keywords:
Business Incubation, Start-up Success, Economic Growth, Structural Equation Modeling, IndonesiaAbstract
This study investigates the impact of business incubation programs on start-up success and economic growth in Indonesia. Using a quantitative approach, data were collected from 80 start-ups through a structured questionnaire utilizing a 5-point Likert scale. The data were analyzed using Structural Equation Modeling - Partial Least Squares (SEM-PLS 3). The results reveal that business incubation programs significantly enhance start-up success, with a positive effect on the overall success of start-ups. Furthermore, successful start-ups contribute to economic growth by generating jobs, fostering innovation, and promoting market expansion. The findings underscore the importance of business incubation as a catalyst for entrepreneurial success and economic development. The study suggests that strengthening business incubation programs should be a priority for policymakers in Indonesia to promote a thriving start-up ecosystem and sustain long-term economic growth.
References
H. Halim et al., “Enhancing Entrepreneurship Resource Competence through Business Incubator Consultant Certification,” Asian J. Community Serv., vol. 3, no. 4, pp. 347–356, 2024.
B. Harsono, P. Inti, H. Napitupulu, S. Napitupulu, and S. Saiful, “Qualitative Review and Prospects for Economic Growth of MSMEs at the University of Indonesia,” 2024.
M. I. N. Susiang, “Dynamic Capabilities, Resources, and Social Capital in Creating Sustainable Competitive Strategies in Indonesian MSME,” Int. J. Business, Law, Educ., vol. 5, no. 1, pp. 1033–1045, 2024.
N. P. Qumayroh, I. V. Girsang, A. Anita, R. D. D. LB, Y. N. Manik, and B. Benius, “Kajian Strategis Umkm Kuliner Di Era Modern Di Kota Palangkaraya,” J. Ris. Manaj. DAN Ekon., vol. 2, no. 3, pp. 25–49, 2024.
H. Hartati, Z. Hasan, M. R. Tawil, and L. J. Aji, “The Impact of External Environmental Factors, Entrepreneurial Motivation, Social Support, and Business Knowledge on the Success of Start-ups,” Int. J. Business, Law, Educ., vol. 5, no. 1, pp. 1221–1230, 2024.
F. Mustafa and D. O. Suparwata, “The Role of Business Incubators in Enhancing Human Resource Competence and Encouraging Entrepreneurship among Young People,” J. Terobosan Peduli Masy., vol. 1, no. 2, pp. 147–160, 2024.
A. Salim, E. T. D. R. W. Wardhana, and N. Restuningdiah, “The Influence of Business Incubators on Interest in Entrepreneurship with Entrepreneurial Attitudes as an Intervening Variable,” J. Appl. Business, Tax. Econ. Res., vol. 3, no. 4, pp. 317–342, 2024.
S. Sutrisno, D. P. Hadi, and B. Y. Wibowo, “Business Incubation Strategy of Information Technology in Stimulating Innovation and Supporting SME Growth in the Community Environment,” Technol. Soc. Perspect., vol. 2, no. 1, pp. 193–200, 2024.
R. T. Hakim and D. A. Dewi, “Urgensi Pendidikan Karakter Guna Calon Generasi Emas Bangsa,” J. Pendidik. Kewarganegaraan, vol. 6, no. 2, pp. 258–266, 2022.
P. Fithri, A. Hasan, S. Syafrizal, and D. Games, “Enhancing Business Incubator Performances from Knowledge Based View Perspectives,” 2024.
A. Rachman, J. Jasmin, I. Ibadurrahman, and E. Y. Utami, “The Relationship between Startup Incubator Development and Venture Capital Investment on Digital Economic Growth in Indonesia,” Es Econ. Entrep., vol. 2, no. 03, pp. 157–169, 2024.
I. Atamanova and S. Bogomaz, “Value and activity-based orientations of university students: The choice between safety and innovativeness,” Sci. Educ. Today, vol. 11, no. 1, pp. 59–74, 2021.
D. Safdar and U. Qamar, “Business Incubators: Exploring the Graduated Incubates Entrepreneurs’ Experiences in the Context of Pakistan,” Acad. J. Soc. Sci., vol. 7, no. 2, pp. 1–24, 2023.
S. N. Ali and D. O. Nazmi, “The role of business incubators in supporting and developing the international competitiveness of small projects in Iraq,” Mater. Today Proc., vol. 80, pp. 3111–3118, 2023.
V. Ataman, “Incubatorul de afaceri, pârghie de susţinere şi dezvoltare în domeniul turismului,” in Simpozion ştiinţific al tinerilor cercetători, 2023, pp. 22–29.
O. Chinonso, “The Role of Incubators and Accelerators in Nurturing Tech Talent,” تکنولوژی در کارآفرینی و مدیریت استراتژیک, vol. 3, no. 3, pp. 1–3, 2024.
J. M. Martins, “The Role of Business Incubators in Local Economic Development,” J. Knowl. Manag. Pract., vol. 23, no. 1, 2023.
J. Hair, C. L. Hollingsworth, A. B. Randolph, and A. Y. L. Chong, “An updated and expanded assessment of PLS-SEM in information systems research,” Ind. Manag. data Syst., vol. 117, no. 3, pp. 442–458, 2017.
S. Dikshit, Z. Homavazir, V. Gambhir, and M. Homavazir, “The role of business incubators in fostering innovation and technological advancement in India,” AMC Indian J. Entrep., vol. 6, no. 2–3, pp. 52–63, 2023.
C. Wu, F. Tian, and L. Zhou, “The impact of incubator network strategy on the entrepreneurial performance of start-ups: a resource bricolage perspective,” Innovation, pp. 1–20, 2023.
N. Shekapure, D. D. Patil, and S. Shekapure, “Original Research Article Data analytics for finding emerging entrepreneur’s success factors,” J. Auton. Intell., vol. 7, no. 2, 2024.
M. Wenno and N. Ladjin, “The Influence of Access to Finance, Government Support, and Industry Collaboration on the Success of Cikarang Start-up,” West Sci. J. Econ. Entrep., vol. 2, no. 02, pp. 145–156, 2024.
N. Somsuk, T. Laosirihongthong, and M. W. McLean, “Strategic management of university business incubators (UBIs): Resource-based view (RBV) theory,” in 2012 IEEE 6th International Conference on Management of Innovation and Technology, ICMIT 2012, 2012, pp. 611–618. doi: 10.1109/ICMIT.2012.6225876.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2024 Loso Judijanto, Widyatmoko
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
Facebook 
Instagram 
Twitter 
Youtube 
+62 821 1557 5700
westscience.journals@gmail.com