Abstract
Companies as incubators try to build success by systematically creating and nurturing new firms. However, there are many elements to a business incubation policy, and the term itself is not well defined. This article first presents a framework of factors, which are then examined in a European-wide survey. The case of The Generics Group illustrates how a company can implement a comprehensive incubation policy. The results show that business incubation within companies is not very common. Most company incubation policies are half-hearted and/or inadequately integrated, although the case study reveals the potential success of business incubation for certain types of parent companies.
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