The Role of Business Incubators in Supporting Small and Micro-enterprises for Young People
DOI:
https://doi.org/10.56830/WRBA03202404Keywords:
Business Incubators, SMEs, Creativity and Innovation, EntrepreneurshipAbstract
Business incubators are one of the mechanisms that have proved useful and important in accompanying, supporting, and developing SMEs’ economic, social, and technological development programs and the creation of new jobs, Their establishment is mainly due to overcoming problems that may lead to institutions’ failure or inability to achieve the potential for progress These problems include the insufficient scope of business skills and lack of funding, and are aimed at addressing the high rate of collapse of these institutions, especially in the early stages of their establishment. This is why business incubators are perceived as integrated development projects for rehabilitation and adopting accompanying medium and small enterprises and ensuring their success and sustainability. This research paper aims to highlight the role of business incubators in providing initial impetus to SMEs to help them overcome start-up burdens and ensure their sustainability through their support and support services, especially during the early years of its life, International experience has demonstrated the efficiency and skill of incubators in increasing these institutions’ success rates remarkably s experience and we will try to highlight the problems facing these projects.
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