Privatization of business incubation : initiatives to achieve sustainability and success

Date

2011

Journal Title

Journal ISSN

Volume Title

Publisher

DLSU Angelo King Institute for Economic and Business Studies, Manila, PH

Abstract

The objective of a business incubation facility is to provide a low-cost, low-risk venue for start-up companies as they develop their businesses to full-grown and financially-independent entities. Ayala, Inc. has created a facility for business incubation; strategically located, it provides commercial spaces to generate income for sustaining the technology hub's operations while providing a venue for industry and academe linkages. In comparison with more traditional one-phased incubation processes, the the University of the Philippines (UP)-Ayala Technology Hub follows three stages in their incubation process. Access to expertise, resources, company relations, business permits, intellectual property rights, and new technologies are made available.

Description

Keywords

URBAN DEVELOPMENT, ECONOMIC DEVELOPMENT, BUSINESS CREATION, INNOVATION, MEGACITIES, PHILIPPINES--MANILA, PHILIPPINES

Citation

DOI