Open AccessInvestigation of the key success factors of ventures incubated at IBA CED incubation center; An Empirical Study
Author(s) -
Shahzad Ahmad Qureshi,
Abdullah Mustafa,
Muhammad Talha,
Anwar Ahmed,
Misbah Amin
Publication year - 2021
Publication title -
academic journal of social sciences
Language(s) - English
Resource type - Journals
eISSN - 2521-0149
pISSN - 2519-7983
DOI - 10.54692/ajss.2020.04041356
Subject(s) - incubation , mindset , new ventures , entrepreneurship , business , incubation period , marketing , biology , computer science , biochemistry , finance , artificial intelligence
Incubation is being used as a mechanism to promote entrepreneurship across the globe. The Pakistani universities have also followed this and are establishing incubation centers. However, the success rate is not very encouraging. The IBA incubation program is a unique form of incubation programs as it emphasizes more on the understanding of the entrepreneurial mindset and the effectuation theory before pursuing entrepreneurial journey. This paper describes the IBA incubation fellowship model and its practical application on new startups. The paper analyses the companies who were incubated and identifies the key success factors of these firms. This paper adds to the literature on incubation in Pakistan.